NEW
YORK, Sept. 23, 2024 /PRNewswire/ -- Report on
how AI is redefining market landscape - The global flame
retardants chemicals market size is estimated to grow by
USD 2.67 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 5.97% during the forecast period. Rise in
infrastructure development is driving market growth, with
a trend towards emergence of environmentally friendly flame
retardants However, environmental and health concerns
caused by flame retardants poses a challenge - Key market
players include ADEKA Corp., Akzo Nobel NV, Albemarle Corp., BASF
SE, Clariant International Ltd., Dow Chemical Co., Frank Beirne
Fabrics, ICL Group Ltd., Intochemicals BV, Italmatch Chemicals Spa,
J.M. Huber Corp., Kafrit Industries 1993 Ltd., Lanxess AG, Nabaltec
AG, NEWOS GmbH, PENGG KABEL GmbH, Perimeter Solutions LP,
PHARMORGANA GmbH, Stahl Holdings B.V., and Wego Chemical Group
Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Halogen,
Intumescent coatings, Inorganic flame retardants, Nitrogen flame
retardants, and Phosphorous), Application (Building and
construction, Electricals and electronics, Textiles and plastics,
and Transportation), and Geography (APAC, Europe, North America,
Middle East and Africa, and South America)
|
Region
Covered
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Key companies
profiled
|
ADEKA Corp., Akzo Nobel
NV, Albemarle Corp., BASF SE, Clariant International Ltd., Dow
Chemical Co., Frank Beirne Fabrics, ICL Group Ltd., Intochemicals
BV, Italmatch Chemicals Spa, J.M. Huber Corp., Kafrit Industries
1993 Ltd., Lanxess AG, Nabaltec AG, NEWOS GmbH, PENGG KABEL GmbH,
Perimeter Solutions LP, PHARMORGANA GmbH, Stahl Holdings B.V., and
Wego Chemical Group Inc.
|
Key Market Trends Fueling Growth
The flame retardants chemicals market is witnessing a shift
towards environment-friendly and halogen-free alternatives due to
growing concerns over environmental, health, and fire safety
issues. Renewable-based flame retardants derived from sources like
sugarcane are gaining popularity as they do not interfere with the
recycling process. Clariant International's partnership with Neste
to offer renewable hydrocarbon-based additives is an example of
this trend. The New Exolit OP Terra range of flame retardants
offers high performance and sustainability, aligning with the
market's demand for eco-friendly solutions. This shift is expected
to drive market growth during the forecast period. The use of
bio-based polypropylene, which is dependent on petrochemical
prices, is also a significant factor influencing the
market.
The Flame Retardants Market is experiencing significant growth
due to increasing fire safety laws and regulations in the Building
and Construction sector. This includes the use of flame retardants
in construction materials like insulation, flooring, coatings, and
cables. Fire performance standards for wires & cables in
telecommunications, energy, and infrastructure development projects
are driving demand. However, concerns over harmful chemicals like
bromine and chlorine, which are commonly used flame retardants,
have led to a push for environmentally friendly options. This
includes the use of flame retardant synergists like Antimony oxides
and ATH. Manufacturers are also focusing on developing flame
retardants that do not pose health risks, such as neurological or
developmental issues, or act as endocrine disruptors. Rapid
urbanization and infrastructure development projects, as well as
the growth of electric vehicles (EVs) and renewable energy systems,
are further expanding the market. Wildlife and ecosystems are also
impacted by combustible materials and persistent organic
pollutants, making it essential to balance fire safety with
environmental protection and sustainability. Local building
authorities and regulation limits continue to shape the market,
with Dow Corning and other leading companies innovating to meet
these demands.
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Market Challenges
- Flame retardant chemicals are essential in various applications
to prevent fires. However, some flame retardants contain toxic
chemicals, such as halogen-containing ones, which pose health risks
to humans. These chemicals can cause neurological damage, cancer,
and hormone disruption. Moreover, they bioaccumulate in human
bodies, leading to long-term chronic health problems. Regulatory
agencies, including the Bromine Science and Environmental Forum
(BSEF) and the Environmental Protection Agency (EPA), have
prohibited the use of halogen-containing flame retardants due to
their negative impact on the environment and living beings. In
Europe, regulations like REACH,
Waste Electrical and Electronic Equipment (WEEE), and RoHS have
banned toxic and flammable substances, restricting the growth of
the global flame retardant chemicals market during the forecast
period.
- The Flame Retardants Market faces several challenges in areas
of energy, environmental protection, and sustainability. Energy
consumption in manufacturing is a significant concern, while
environmental regulations aim to limit Persistent Organic
Pollutants (POPs) and protect ecosystems. Flame retardants are used
in various industries, including building and construction, where
local authorities enforce fire performance standards and regulation
limits. Manufacturers seek environmentally friendly options to
address health effects, such as neurological and developmental
issues linked to certain flame retardants like Endocrine
disruptors. The industry includes Halogenated Flame Retardants
(HFRs) like Hexabromocyclododecane (HBCD), Antimony oxides, and
ATH. Chemistry companies like Dow Corning offer Flame Retardant
Synergists and alternatives, such as Aluminum Triohydroxide. Rapid
urbanization, infrastructure development projects, and the rise of
Electric Vehicles (EVs) and Renewable Energy Systems create new
opportunities for flame retardants in combustible materials,
textiles, plastics, and circuit boards. However, industrial
shutdowns and supply chain disruptions pose challenges to market
growth. Companies must navigate these complexities while ensuring
compliance with fire and safety regulations.
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growth- Download a Sample Report
Segment Overview
This flame retardants chemicals market report extensively covers
market segmentation by
- Type
- 1.1 Halogen
- 1.2 Intumescent coatings
- 1.3 Inorganic flame retardants
- 1.4 Nitrogen flame retardants
- 1.5 Phosphorous
- Application
- 2.1 Building and construction
- 2.2 Electricals and electronics
- 2.3 Textiles and plastics
- 2.4 Transportation
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Halogen- The Flame Retardants Chemicals
Market is experiencing steady growth due to increasing demand for
fire safety in various industries. These chemicals are essential in
reducing the risk of fires and protecting lives and property. Key
applications include textiles, electronics, building materials, and
automotive. Major players in the market include Chemours,
Honeywell, and BASF, who are investing in research and development
to offer innovative solutions. The market is expected to continue
expanding, driven by stringent fire safety regulations and growing
awareness of fire hazards.
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into AI's impact on market dynamics, emerging trends, and future
opportunities- including forecast (2024-2028) and historic data
(2018 - 2022)
Research Analysis
The Flame Retardants Chemicals Market plays a crucial role in
ensuring fire safety in various industries, particularly in
Building and Construction. Fire safety laws mandate the use of
flame retardants in construction materials such as insulation,
flooring, coatings, cables, and building standards. Harmful
chemicals like bromine, antimony oxides, and ATH (aluminum
trihydrate) are commonly used as flame retardants. However,
concerns over their environmental impact, including their
classification as Persistent Organic Pollutants (POPs) and
potential harm to ecosystems, have led to a push for more
sustainable alternatives. Rapid urbanization and infrastructure
development projects, as well as the growing demand for electric
vehicles (EVs) and renewable energy systems, are driving market
growth. Local building authorities and manufacturing industries are
working together to meet fire safety regulations while minimizing
the use of harmful chemicals and promoting sustainability. The
chemistry behind flame retardants continues to evolve, with new
products like FR1025 offering improved performance and reduced
environmental impact.
Market Research Overview
The Flame Retardants Chemicals Market encompasses a wide range
of chemicals used to enhance fire safety in various industries,
including construction, telecommunications, energy, and
manufacturing. Fire safety laws and building standards mandate the
use of flame retardants in construction materials such as
insulation, flooring, and coatings, as well as in wires and cables.
Harmful chemicals like bromine and chlorine are commonly used as
flame retardants, but concerns over their environmental impact and
potential health effects, including neurological and developmental
issues, have led to the development of environmentally friendly
options. The market includes chemicals like flame retardant
synergists, ATH, antimony oxides, and FR1025. Rapid urbanization
and infrastructure development projects, as well as the growing use
of combustible materials in textiles, plastics, and renewable
energy systems, are driving market growth. However, industrial
shutdowns and supply chain disruptions can impact production and
availability. Consumers are increasingly demanding sustainable
solutions, and the market is responding with innovative,
eco-friendly alternatives. The flame retardants market is a complex
and evolving industry, influenced by factors such as fire
performance standards, regulation limits, and the chemistry behind
the various flame retardant types.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Halogen
- Intumescent Coatings
- Inorganic Flame Retardants
- Nitrogen Flame Retardants
- Phosphorous
- Application
-
- Building And Construction
- Electricals And Electronics
- Textiles And Plastics
- Transportation
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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