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The global flame retardants market was worth $6.89 billion in 2022 and is expected to increase to $10.78 billion by 2030, representing a CAGR of 6.1% between 2023 and 2030.
Demand for flame-resistant materials in a variety of sectors, as well as stricter rules on fire safety, have contributed to the market's steady expansion in recent years. The demand for flame retardants is growing as customers become more aware of the importance of buying fire-resistant items. An additional factor fueling demand for flame retardants is the expanding construction sector, especially in emerging economies. However, there are obstacles in the market as well. Some flame retardant chemicals can have a negative effect on the environment and can be harmful to human health, which presents a serious problem. There are health and environmental risks associated with using some of the traditional flame retardants because of the hazardous compounds they contain. More and more, businesses are investing in research and development of safer, more eco-friendly flame retardants. The necessity to strike a compromise between fire safety criteria and other performance qualities of materials, such as mechanical strength and durability, presents another obstacle. It might be difficult to get the appropriate level of fire resistance without sacrificing other product qualities.
Dissection of Products
There are two main types of flame retardants on the market today: halogenated and non-halogenated. The halogenated flame retardants market is significantly larger than the other segments. Because of their superior fire-suppression qualities, halogenated flame retardants are widely employed across a variety of sectors. These include brominated and chlorinated chemicals. When exposed to heat or flame, these flame retardants emit halogen radicals that effectively halt the combustion process and prevent the spread of flames. The electrical, automotive, and building industries, among others, have all embraced the use of halogenated flame retardants in situations calling for the highest level of fire protection.
Non-halogenated flame retardants are the fastest-growing subset of the flame retardants industry. Concerns about the health and environmental effects of halogenated flame retardants have led to a rise in the use of non-halogenated alternatives. Phosphorus- and nitrogen-based flame retardants are two examples of non-halogenated alternatives that are safer for the environment. As regulations get stiffer and environmental consciousness rises, these flame retardants are being embraced by a wider range of sectors. If a company needs to meet flammability standards but is also concerned about its impact on the environment, non-halogenated flame retardants are a good choice.
Evaluation Through Use
Epoxy, unsaturated polyester, polyolefins, polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), polyamide, polystyrene, polyurethane (PU), polyethylene terephthalate (PET), and polybutylene terephthalate (PBT) are all applications that may be broken down in the worldwide flame retardants market. Polyolefins, such as polyethylene and polypropylene, make up the largest application sector in the flame retardants market. Polyolefins' high quality mechanical qualities, adaptability, and low production costs have made them a go-to material in many fields, including the automotive, construction, and packaging sectors. Polyolefins have flame retardants added to them to make them more fireproof and to ensure that they meet all applicable fire safety standards.
Polyurethane (PU) is the fastest-growing application sector of the flame retardants industry. Foams, coatings, adhesives, and sealants are all products that make heavy use of PU. The rising requirement for fire-resistant materials in industries including construction, automotive, and furniture is driving the increased demand for flame-retardant PU. PU formulations with flame retardant chemicals improve the material's fire performance, making it useful in situations where preventing fires is paramount.
Drivers
Regulations for Fire Safety are Strict
One major factor propelling growth in the flame retardants market is the introduction of strict fire safety laws and standards by governments and regulatory organisations around the world. To improve fire safety and lessen the likelihood of fire-related mishaps, several businesses are now required to utilise flame-retardant materials. The need for flame retardants is driven by the concern for public and private property safety.
Educating People More About Fire Dangers
The need for flame retardant materials has increased in recent years due to a greater understanding of the dangers and risks connected with fire among consumers, businesses, and government agencies. Construction, electronics, automobiles, and textiles are just some of the industries that could benefit from fire-resistant materials due to recent high-profile disasters and a resulting greater attention on safety. Flame retardants are widely used now because of the public's increased knowledge of fire safety risks.
Restraints
Problems with the Environment and Human Health
There are compounds in some flame retardants that are harmful to the environment and human health. Traditional flame retardants, especially halogenated forms, may offer dangers during production, use, and disposal due to the emission of harmful chemicals. One factor holding back the market is the harmful effects that some flame retardant chemicals can have on the environment and human health. More and more effort is being put into discovering and implementing better, more eco-friendly flame retardant options.
Factors in the Price
It's not uncommon for flame-resistant materials to cost more than their non-resistance counterparts. Additional costs associated with flame retardants could be a barrier, especially in price-conscious sectors. Flame retardant materials can be expensive, and manufacturers must weigh that expense against the need to meet a variety of performance and regulatory requirements.
Important Developments in the Market
Industries including automotive, aerospace, and electronics are increasingly seeking lightweight materials with great fire resistance, thus researchers are focusing on developing flame retardants that are both lightweight and high-performance. To ensure optimal fire safety and conformity to industry standards, flame retardant manufacturers are creating lightweight and high-performance solutions to satisfy these demands.
The increasing industrialization and urbanisation taking place in many emerging nations, especially in Asia Pacific and Latin America, has resulted in a rise in the need for flame retardant materials in these regions. The expansion of the market in these areas is being fueled by the expansion of building and infrastructure spending, as well as the expansion of key end-use sectors like electronics and automotive.
Report Coverage
Global Flame Retardants research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flame Retardants report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flame Retardants competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flame Retardants market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flame Retardants market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flame Retardants market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Clariant AG - Switzerland, Albemarle Corporation - US, Lanxess AG - Germany, Nabaltec AG - Germany, ICL Group Ltd. - Israel, J.M. Huber Corporation - US, BASF SE - Germany, Italmatch Chemicals S.p.A. - Italy, Akzo Nobel N.V. - Netherlands, Dow Inc. - US, RTP Company - US, Sinopec Corporation - China, DIC Corporation - Japan, DuPont de Nemours, Inc. - US, Huber Engineered Materials - US, Nippon Carbide Industries Co., Inc. - Japan, FRX Polymers, Inc. - US, M&I Materials Limited - UK, Kisuma Chemicals B.V. - Netherlands, LANSCO Colors - US
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Flame Retardants market based on the below-mentioned segments:
Global Flame Retardants Market, By Product
Halogenated
non-halogenated flame retardants
Global Flame Retardants market, By Application
Epoxy
unsaturated polyester
polyolefins
polyvinyl chloride (PVC)
acrylonitrile butadiene styrene (ABS)
polyamide
polystyrene
polyurethane (PU)
polyethylene terephthalate (PET)
polybutylene terephthalate (PBT)
Global Flame Retardants market, Regional Analysis
Demand for flame-resistant materials in a variety of sectors, as well as stricter rules on fire safety, have contributed to the market's steady expansion in recent years. The demand for flame retardants is growing as customers become more aware of the importance of buying fire-resistant items. An additional factor fueling demand for flame retardants is the expanding construction sector, especially in emerging economies. However, there are obstacles in the market as well. Some flame retardant chemicals can have a negative effect on the environment and can be harmful to human health, which presents a serious problem. There are health and environmental risks associated with using some of the traditional flame retardants because of the hazardous compounds they contain. More and more, businesses are investing in research and development of safer, more eco-friendly flame retardants. The necessity to strike a compromise between fire safety criteria and other performance qualities of materials, such as mechanical strength and durability, presents another obstacle. It might be difficult to get the appropriate level of fire resistance without sacrificing other product qualities.
Dissection of Products
There are two main types of flame retardants on the market today: halogenated and non-halogenated. The halogenated flame retardants market is significantly larger than the other segments. Because of their superior fire-suppression qualities, halogenated flame retardants are widely employed across a variety of sectors. These include brominated and chlorinated chemicals. When exposed to heat or flame, these flame retardants emit halogen radicals that effectively halt the combustion process and prevent the spread of flames. The electrical, automotive, and building industries, among others, have all embraced the use of halogenated flame retardants in situations calling for the highest level of fire protection.
Non-halogenated flame retardants are the fastest-growing subset of the flame retardants industry. Concerns about the health and environmental effects of halogenated flame retardants have led to a rise in the use of non-halogenated alternatives. Phosphorus- and nitrogen-based flame retardants are two examples of non-halogenated alternatives that are safer for the environment. As regulations get stiffer and environmental consciousness rises, these flame retardants are being embraced by a wider range of sectors. If a company needs to meet flammability standards but is also concerned about its impact on the environment, non-halogenated flame retardants are a good choice.
Evaluation Through Use
Epoxy, unsaturated polyester, polyolefins, polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), polyamide, polystyrene, polyurethane (PU), polyethylene terephthalate (PET), and polybutylene terephthalate (PBT) are all applications that may be broken down in the worldwide flame retardants market. Polyolefins, such as polyethylene and polypropylene, make up the largest application sector in the flame retardants market. Polyolefins' high quality mechanical qualities, adaptability, and low production costs have made them a go-to material in many fields, including the automotive, construction, and packaging sectors. Polyolefins have flame retardants added to them to make them more fireproof and to ensure that they meet all applicable fire safety standards.
Polyurethane (PU) is the fastest-growing application sector of the flame retardants industry. Foams, coatings, adhesives, and sealants are all products that make heavy use of PU. The rising requirement for fire-resistant materials in industries including construction, automotive, and furniture is driving the increased demand for flame-retardant PU. PU formulations with flame retardant chemicals improve the material's fire performance, making it useful in situations where preventing fires is paramount.
Drivers
Regulations for Fire Safety are Strict
One major factor propelling growth in the flame retardants market is the introduction of strict fire safety laws and standards by governments and regulatory organisations around the world. To improve fire safety and lessen the likelihood of fire-related mishaps, several businesses are now required to utilise flame-retardant materials. The need for flame retardants is driven by the concern for public and private property safety.
Educating People More About Fire Dangers
The need for flame retardant materials has increased in recent years due to a greater understanding of the dangers and risks connected with fire among consumers, businesses, and government agencies. Construction, electronics, automobiles, and textiles are just some of the industries that could benefit from fire-resistant materials due to recent high-profile disasters and a resulting greater attention on safety. Flame retardants are widely used now because of the public's increased knowledge of fire safety risks.
Restraints
Problems with the Environment and Human Health
There are compounds in some flame retardants that are harmful to the environment and human health. Traditional flame retardants, especially halogenated forms, may offer dangers during production, use, and disposal due to the emission of harmful chemicals. One factor holding back the market is the harmful effects that some flame retardant chemicals can have on the environment and human health. More and more effort is being put into discovering and implementing better, more eco-friendly flame retardant options.
Factors in the Price
It's not uncommon for flame-resistant materials to cost more than their non-resistance counterparts. Additional costs associated with flame retardants could be a barrier, especially in price-conscious sectors. Flame retardant materials can be expensive, and manufacturers must weigh that expense against the need to meet a variety of performance and regulatory requirements.
Important Developments in the Market
Industries including automotive, aerospace, and electronics are increasingly seeking lightweight materials with great fire resistance, thus researchers are focusing on developing flame retardants that are both lightweight and high-performance. To ensure optimal fire safety and conformity to industry standards, flame retardant manufacturers are creating lightweight and high-performance solutions to satisfy these demands.
The increasing industrialization and urbanisation taking place in many emerging nations, especially in Asia Pacific and Latin America, has resulted in a rise in the need for flame retardant materials in these regions. The expansion of the market in these areas is being fueled by the expansion of building and infrastructure spending, as well as the expansion of key end-use sectors like electronics and automotive.
Report Coverage
Global Flame Retardants research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flame Retardants report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flame Retardants competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flame Retardants market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Clariant AG - Switzerland, Albemarle Corporation - US, Lanxess AG - Germany, Nabaltec AG - Germany, ICL Group Ltd. - Israel, J.M. Huber Corporation - US, BASF SE - Germany, Italmatch Chemicals S.p.A. - Italy, Akzo Nobel N.V. - Netherlands, Dow Inc. - US, RTP Company - US, Sinopec Corporation - China, DIC Corporation - Japan, DuPont de Nemours, Inc. - US, Huber Engineered Materials - US, Nippon Carbide Industries Co., Inc. - Japan, FRX Polymers, Inc. - US, M&I Materials Limited - UK, Kisuma Chemicals B.V. - Netherlands, LANSCO Colors - US |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Flame Retardants Market from 2021 to 2030.
- Market Forecast for Flame Retardants Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Flame Retardants competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Flame Retardants
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flame Retardants market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flame Retardants market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Clariant AG - Switzerland, Albemarle Corporation - US, Lanxess AG - Germany, Nabaltec AG - Germany, ICL Group Ltd. - Israel, J.M. Huber Corporation - US, BASF SE - Germany, Italmatch Chemicals S.p.A. - Italy, Akzo Nobel N.V. - Netherlands, Dow Inc. - US, RTP Company - US, Sinopec Corporation - China, DIC Corporation - Japan, DuPont de Nemours, Inc. - US, Huber Engineered Materials - US, Nippon Carbide Industries Co., Inc. - Japan, FRX Polymers, Inc. - US, M&I Materials Limited - UK, Kisuma Chemicals B.V. - Netherlands, LANSCO Colors - US
Primary Target Market
- Market Players of Flame Retardants
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Flame Retardants market based on the below-mentioned segments:
Global Flame Retardants Market, By Product
Halogenated
non-halogenated flame retardants
Global Flame Retardants market, By Application
Epoxy
unsaturated polyester
polyolefins
polyvinyl chloride (PVC)
acrylonitrile butadiene styrene (ABS)
polyamide
polystyrene
polyurethane (PU)
polyethylene terephthalate (PET)
polybutylene terephthalate (PBT)
Global Flame Retardants market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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