Flame Retardant Market Size, Share & Trends Analysis Report By Product (Halogenated, Non-halogenated), By Application (Polyolefin, Epoxy Resins), By End Use (Electrical & Electronics, Construction), And Segment Forecasts, 2021 - 2028

Report Overview

The global flame retardant market size was valued at USD 7.46 billion in 2020 and is forecast to grow at a compound annual growth rate (CAGR) of 8% from 2021 to 2028. The demand for flame retardants is anticipated to be driven by the growing usage of fire-resistant products in various end-use industries, such as electrical & electronics, transportation, construction, and others. These industries are increasingly using flame retardant-based materials to meet the fire safety and prevention regulations. The product demand is also fueled by the growing awareness among consumers about improving the fire safety of combustible materials and products. In offices and homes, flame retardants eliminate the risk of fire from an increasing number of electrical and consumer goods.

They also safeguard modern equipment and materials, such as building insulation, engineering thermoplastics, circuit boards, cables, and others, from the ignition and spread of fire. The growth of halogenated flame retardants, such as brominated, chlorinated, and others, is significantly restrained by the harmful effects of the chemicals on humans and the environment. Certain compounds, such as Hexabromocyclododecane (HBCD), are banned in European Union, Japan, and Canada.

This has majorly driven the market for the development of safer alternatives, such as phosphorous, bromine, and chlorine-basednon-halogenated flame retardants. The shifting trend toward the replacement of halogenated flame retardants has mainly driven innovation for new non-halogenated products as it promotes environmental sustainability. For instance, GYC Group, a manufacturer of specialty chemicals and fire resistance products, offers a wide range of halogen-free products.

制造商寻找有毒产品更少changes in the product composition, such as aluminum triohydroxide. It is expected that most of the demand will arise from applications, such aspolyolefins,epoxy resins,Polyvinyl Chloride(PVC), engineering thermoplastics, rubber, and others. China, Iran, Italy, the U.K., the U.S., and France, are among the worst-hit economies due to the pandemic that resulted in industrial shutdowns, supply chain disruptions, and trade halts. This factor may hamper the market growth to some extent.

Product Insights

The non-halogenated product segment dominated the market with a revenue share of more than 59% in 2020. This is attributed to the rising demand for environmentally friendly and less toxic flame retardants. A combination of antimony trioxide and brominated organic compounds is commonly used as flame retardants in mounding compounds, and they are known to have deleterious environmental effects.

三氧化二锑与hydromagnesit相结合e fillers offers advantageous flame retardant properties. However, the environmental effects of antimony trioxide are expected to propel the demand for environmentally friendly and safer alternatives, such as non-halogenated flame retardants, in the future.

Many of our daily objects incorporating engineered thermoplastic materials, such as textiles, household appliances, automobiles, and airplanes, are now being intensively examined for their flammability. The application of flame retardants is expected to increase as it plays a vital role in reducing the general risk of fire associated with the use of highly combustible feedstock in products, such as textiles, clothing, composites, andplastics.

Application Insights

The polyolefins application segment dominated the market with a revenue share of 26.13% in 2020 owing to the growing use of polyolefins as plastics in numerous applications. The product is added to polyolefins to reduce the spread of flame, prevent the polymer from dripping, and suppress smoke formation. Construction fabrics, mattress covers, roofing and siding, components in trains and planes, carpet backing, automotive fabrics, and others are a few examples of products that require flame retardants in polyolefin fabrics.

Polyvinyl chloride is the most widely used polymer, mainly in communication and electrical cables in insulation and domestic applications in doors, gutters, house sidings, and window frames. It has a high level of resistance to combustion. Although, PVC is not considered to be safe owing to smoke and toxic gases, such as benzene, chlorine compounds, and other aromatics.

It is attracting consumers’ attention because of its fire resistance nature. PVC, being a thermally unstable polymer, requires stabilization for processing. The higher level of “impact modifier” and “processing aid” addition to PVC imparts flame resistance to the formulation.

End-use Insights

The electrical & electronics end-use segment dominated the market with a revenue share of 38.15% in 2020. Its high share is attributed to an increased usage of the product in the plastic casing of electric products for consumer safety and to reduce the risk of fire. The construction end-use segment is another major segment, which accounted for 28.1% of the overall revenue share in 2020. With the growing construction industry and rising awareness regarding the importance of fire protection, the demand for fire retardants is anticipated to increase over the forecast period.

The rapidly developing transportation industry and the need to address fire safety in the automobile industry are expected to boost the product demand. The rising environmental concerns are expected to propel the demand for halogen-free flame retardant products across various industries. Manufacturers are developing a wide range of products with different chemical compositions. For instance, ICL, a global manufacturer of unique products for agriculture, food, and engineering materials markets, manufactures more than 50 flame-retardant solutions for various applications in the transportation and automotive industries.

Regional Insights

Asia Pacific led the global market with a revenue share of more than 55% in 2020 and is anticipated to grow at the fastest CAGR over the forecast period of 2021 to 2028. This is attributed to the stringent regulations regarding fire safety and high product demand from the end-use markets, such as automotive, electrical & electronics, construction, and others.

The production facilities in Asia Pacific account for a large share of the product market. The market is led by China and India. The market growth can also be attributed to the rising awareness about safety regulations and the ongoing infrastructure development projects in emerging economies, such as India, China, and Japan.

The major driver of the market in North America includes the rising demand for electrical components in numerous applications, such as power cables, wiring, and connectors, mainly used in building, transportation, and electronic devices. The U.S. dominates the North America regional market followed by Canada. This can be attributed to the large-scale production and the growing electrical & electronics, automotive, and construction sectors in the U.S. The growth in the automotive and construction sectors is witnessed due to increasing investments in EVs and private construction projects.

Key Companies & Market Share Insights

Key companies are constantly undertaking new initiatives to develop innovative products as an alternative to halogen-based flame retardants in an attempt to strengthen their position in the global market. The rising demand for halogen-free products is attracting new manufacturers to the market. The existing companies are entering into the manufacturing industry to gain significant market share against their competitors. An extensive product portfolio enables the manufacturers to meet the rising demand from new and existing customers. Some prominent players in the global flame retardant market include:

• Clariant

• LANXESS

• BASF SE

• ICL

• Abermarle Corp.

• DuPont

• DSM

Flame Retardant Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 7.59 billion
Revenue forecast in 2028	USD 12.99 billion
Growth Rate	CAGR of 8% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028
Quantitative units	Revenue in USD million/billion and CAGR from 2021 to 2028
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Product, application, end use, region
Regional scope	North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
Country scope	U.S.; Canada; Mexico; Germany; U.K.; Italy; Spain; Norway; France; China; India; Japan; South Korea; Brazil; Argentina; South Africa; Saudi Arabia
Key companies profiled	Clariant; LANXESS; Abermarle Corp.; BASF SE; ICL; DuPont; DSM
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope
革命制度党cing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global flame retardants market report on the basis of product, application, end use, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • Halogenated

    • Brominated

    • Chlorinated Phosphates

    • Antimony Trioxide

    • Others

  • Non-Halogenated

    • Aluminum Hydroxide

    • Magnesium Dihydroxide

    • Phosphorus Based

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • Polyolefins

  • Epoxy resins

  • UPE

  • PVC

  • ETP

  • Rubber

  • Styrenics

  • Others

• End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • Construction

  • Transportation

  • Electrical & Electronics

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

    • Norway

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa