Global Non-Halogenated Flame Retardants Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global non-halogenated flame retardants market in its upcoming report titled, “Global Non-Halogenated Flame Retardants Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global non-halogenated flame retardants market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global non-halogenated flame retardants market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global non-halogenated flame retardants market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global non-halogenated flame retardants market report has been segmented on the basis of product, application, end use industries, and region.
Flame retardants are chemical compounds added to manufactured materials such as coatings, and textiles to suppress flames and prevent the spread of fire. Non-halogenated flame retardants products are based on the elements such as phosphorus and nitrogen. Non-halogenated flame retardants are widely used in standard and engineering plastics, thermosets, coatings, foams and textiles.
Increasing initiatives by governments globally to maintain environmental safety is boosting demand for non-halogenated flame retardants as they are less hazardous in comparison to other flame retardants which is a key factor driving growth of the global non-halogenated flame retardants market. In addition, rising demand for non-halogenated flame retardants from many end use industries such as automobile, construction, and textile sectors owing to cost-effectiveness, durability, and transparency is a major factor driving growth of the global non-halogenated flame retardants market.
However, delay in supply and high cost of raw materials is a key factor restraining growth of the global non-halogenated flame retardants market. Additionally, non-halogenated flame retardants are less effective in comparison with halogenated flame retardants, which is another factor expected to hamper growth of the global non-halogenated flame retardants market.
Current trend observed in the market is usage of non-halogenated flame retardants in electronic and electrical products to avoid fire risk, which is expected to influence growth of the global non-halogenated flame retardant market over forecast period.
The market in North America dominates the global non-halogenated flame retardants market in revenue terms owing to stringent regulations of the governments for environmental protection, coupled with less pollution emission from non-halogenated flame retardants. European non-halogenated flame retardants market is expected to account second largest share in terms of revenue due to its wide usage in electronic, electrical, and construction industry. The market in Asia Pacific is expected to witness fastest growth with CAGR of X.X% over forecast period owing to growing electrical & electronic industries, automobile industries, coupled with increasing government initiatives for environmental safety.
Global non-halogenated flame retardants market segmentation by product:
- Aluminum Hydroxide
- Phosphorous Based
Global non-halogenated flame retardants market segmentation by application:
- Epoxy Resin
Global non-halogenated flame retardants market segmentation by end use:
Global non-halogenated flame retardants market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- BASF SE
- Clariant AG
- Chemtura Corporation
- M. Huber Corporation
- Italmatch Chemicals SpA
- Israel Chemicals Limited
- Nabaltec AG
- Albemarle Corporation
- I. du Pont de Nemours and Company
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