Flame Retardants Market size was valued at US$ 8.15 Bn. in 2022 and the total revenue is expected to grow at 4.75% CAGR through 2023 to 2029, reaching nearly US$ 11.28 Bn.
Flame Retardants Market Overview:
The purpose of this study is to provide a thorough examination of the Flame Retardants market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Flame Retardants market’s growth. The study also offers a comprehensive analysis of the market’s value chain.
Market Scope:
The research method used to assess and anticipate the Flame Retardants market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Flame Retardants market was calculated using the revenue of significant enterprises.
Segmentation:
By End user
Building and construction, wire and cables, automotive, electrical & electronics, plastic manufacturing, textiles & furniture, and others are the different market segments for flame retardants. The electrical and electronics sector has the largest market share and is anticipated to expand most quickly in the next years. Flame retardant chemicals are used in the industry to reduce risks in order to abide by the relevant laws and regulations. In notably in developing nations like Asia Pacific, the electrical and electronics industry has benefited from increased literacy rates, disposable income, and living standards worldwide. The market has profited recently from this upward trend, and this trend is expected to continue in the future.
By Application
The Flame Retardants market is divided into Polyolefin, Epoxy resin, UPE, PVC, ETP, and Rubber segments based on industry. In 2022, the epoxy resins market category will hold the biggest market share. They are used in a range of composite materials, coatings, and adhesives that are used in the building and construction industries. One of the most typical applications for epoxy resins is projected to be building and construction, which includes buildings for commercial, public, and domestic purposes. The fastest rate of growth is anticipated for polyolefin during the projection period. Construction, as well as the electrical and electronic industries, employ polyolefin extensively. Despite being flammable, polyolefin is believed to have a high flame retardant loading capability. All of these favourable characteristics are anticipated to contribute during the projection period.
1 Flame Retardants Market, by Product (2022-2029)
• Non-Halogenated Flame Retardant Chemicals
• Halogenated Flame Retardant Chemicals
2 Flame Retardants Market, by End-User (2022-2029)
• Building and Construction
• Wire and cable
• Automotive
• Electrical & Electronics
• Plastic Manufacturing
• Textiles & Furniture
• Others
3 Flame Retardants Market, by Application (2022-2029)
• Polyolefin
• Epoxy Resin
• UPE
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Key Players:
The major players covered in the Flame Retardants market report are
1. Albemarle
2. ICL
3. Chemtura
4. LANXESS
5. Clariant International Ltd.
6. Jiangsu Jacques Technology Co. Ltd
7. Italmatch Chemicals
8. Huber Engineered Materials
9. BASF
10.Thor Group Ltd.
11.DSM
12.FRX Polymers
13.Nabaltec AG
14.Delamin
15.Dupont
16.Akzo Nobel N.V.
17.J.M. HUBER CORPORATION
18.DIC CORPORATION
19.MPI Chemie B.V.
20.Nano Technologies Inc.
21.RTP Company
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Flame Retardants Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Flame Retardants market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Flame Retardants industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.
Key Questions Answered in the Flame Retardants Market Report are:
- Which segment grabbed the largest share in the Flame Retardants market?
- How was the competitive scenario of the Flame Retardants market in 2020?
- Which are the key factors responsible for the Flame Retardants market growth?
- Which region held the maximum share in the Flame Retardants market in 2020?
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