Global Non-Halogenated Flame Retardant Chemicals Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2022 - 2030)
The global non-halogenated flame retardant chemicals market is expected to register a moderate CAGR during the forecast period (2018-2023). North America region is estimated to lead the market owing to its rapid growth in the infrastructureindustry.
Flame retardant chemicals are additive used to increase fire resistance of materials when they are exposed to ignition or fire spread. Non-halogenated flame retardant chemicals are based on aluminum, magnesium, boron, antimony-based oxides and hydroxides, phosphorus, nitrogen, etc. These chemicals are environment-friendly as compared to halogenated flame retardant chemicals, and can be used in polymers as an additive to increase the fire resistance.
Soaring Demand in Infrastructure Sector
Growing infrastructure activities in APAC countries is driving the market. Owing to emergent business opportunities in countries, such as India, China, Malaysia, and Indonesia. Asia-Pacific is gradually becoming a new business hub. The demand for high-rise buildings and business infrastructure is increasing in this region. The rise in tourism is expected to increase, which will augment the demand for non-halogenated flame retardant chemicals.
Phosphorus Segment to Dominate the Market
The phosphorus segment dominated the global market with a share of 47.01%, this segment is also expected to witness the highest CAGR of 8.16%. Red phosphorus is an effective flame retardant used in the form of polyamides, polycarbonates and polyesters owing to its thermal stability and non-toxic nature. With growing concerns over harmful nature of halogen-based flame retardants, much research is now focused toward halogen-free flame retardants, which has led to the development of various aromatic phosphates.
North AmericaRegion to Lead the Market
North America is expected to be the largest markets, followed by Europeand Asia-Pacific. The boom in the real estate industry in the current scenario is driving the industry. The construction industry in United States is also recovering at a good rate. Investments have been majorly in residential/non-residential buildings and public infrastructure. The electronics industry in the United States is declining, however, the electronic hardware market is experiencing good growth. This is expected to add to the demand for non-halogenated flame retardant chemicals market.
Major Players: Nabaltec AG,Huber Engineered Materials,BASF SE, ICL, and DAIHACHI Chemical Industry Co., Ltd., among others.
Reasons to Purchase this Report
To understand the impact of industry applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating type in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Flame retardant chemicals are additive used to increase fire resistance of materials when they are exposed to ignition or fire spread. Non-halogenated flame retardant chemicals are based on aluminum, magnesium, boron, antimony-based oxides and hydroxides, phosphorus, nitrogen, etc. These chemicals are environment-friendly as compared to halogenated flame retardant chemicals, and can be used in polymers as an additive to increase the fire resistance.
Soaring Demand in Infrastructure Sector
Growing infrastructure activities in APAC countries is driving the market. Owing to emergent business opportunities in countries, such as India, China, Malaysia, and Indonesia. Asia-Pacific is gradually becoming a new business hub. The demand for high-rise buildings and business infrastructure is increasing in this region. The rise in tourism is expected to increase, which will augment the demand for non-halogenated flame retardant chemicals.
Phosphorus Segment to Dominate the Market
The phosphorus segment dominated the global market with a share of 47.01%, this segment is also expected to witness the highest CAGR of 8.16%. Red phosphorus is an effective flame retardant used in the form of polyamides, polycarbonates and polyesters owing to its thermal stability and non-toxic nature. With growing concerns over harmful nature of halogen-based flame retardants, much research is now focused toward halogen-free flame retardants, which has led to the development of various aromatic phosphates.
North AmericaRegion to Lead the Market
North America is expected to be the largest markets, followed by Europeand Asia-Pacific. The boom in the real estate industry in the current scenario is driving the industry. The construction industry in United States is also recovering at a good rate. Investments have been majorly in residential/non-residential buildings and public infrastructure. The electronics industry in the United States is declining, however, the electronic hardware market is experiencing good growth. This is expected to add to the demand for non-halogenated flame retardant chemicals market.
Major Players: Nabaltec AG,Huber Engineered Materials,BASF SE, ICL, and DAIHACHI Chemical Industry Co., Ltd., among others.
Reasons to Purchase this Report
To understand the impact of industry applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating type in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
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