The Business Research Company’s Flame Retardants Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Flame Retardants Global Market Report 2023 evaluates flame retardants market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global flame retardants market size is expected to grow from $7.49 billion in 2022 to $7.99 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flame retardants market size is expected to grow to $10.13 billion in 2027 at a CAGR of 6.1%.
The increasing demand for electronic products will drive the flame retardants market going forward. The demand for electronics is rising due to technological advancements, fast replacement cycles, growing disposable income, and changing consumer preferences. During manufacturing, flame retardants are chemically adhered to the circuit boards of electronics, preventing any chemicals from leaching into the environment or potentially harming users’ health. For instance, according to the India Brand Equity Foundation (IBEF), an Indian Government export promotion agency, a 30% year-on-year growth in electronics manufacturing is anticipated between 2020 and 2025. It will result in a rise in output of $163.14 billion. Therefore, increasing demand for electronic products will lead to an increase in demand for flame retardants.
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The flame retardants market segments in the report are:
1) By Type: Alumina Trihydrate, Brominated Flame Retardants, Antimony Trioxide, Phosphorous Flame Retardants, Other Types
2) By Application: Unsaturated Polyester Resins, Epoxy Resins, PVC, Rubber, Polyolefins, Other Applications (Engineering Thermoplastics and PET)
3) By End User: Construction, Automotive and Transportation, Electronics, Other End-Users (Textiles, Aerospace, and Adhesives)
The table of contents in TBRC’s flame retardants market report includes:
- Executive Summary
- Flame Retardants Market Characteristics
- Flame Retardants Market Trends And Strategies
- Flame Retardants Market – Macro Economic Scenario
- Flame Retardants Market Size And Growth
- Flame Retardants Market Segmentation
- Flame Retardants Market Regional And Country Analysis
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- Flame Retardants Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Flame Retardants Market
- Flame Retardants Market Future Outlook and Potential Analysis
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