Latest Research Report on Flame
Retardant Market begins with a deep
introduction and then delves broad into specific segments such as raw material,
application, end user, and region, policy study, value chain structure, and
upcoming trends in particular segments or regions. The report on Flame
Retardant prepare a case for investments in different regions based on a
practical view of their regulatory outline, manufacturing dynamics, and
availability of skills and resources in that region.
Flame Retardant Market
Report by Material, Application, and Geography – Global Forecast to 2025 is a
professional and in-depth research report on the world’s major regional Flame
Retardant Market conditions, focusing on the main regions (North America,
Europe and Asia-Pacific) and the main countries (United States, Germany, united
Kingdom, Japan, South Korea and China).
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Report Now @ https://www.millioninsights.com/industry-reports/flame-retardant-market/request-sample
Industry Insights
The global flame retardant
market size was valued over USD 6.27 billion in 2015. Flame retardant is a key
component reducing the impact of fires on people, property, and environment.
Flame retardants either prevent the fire from starting or slow it down
significantly. The growth in industries such as construction, transportation,
and electrical & electronics is expected to propel market demand over the
forecast period.
Governments around the
world have framed stringent regulations aimed at reducing destruction caused to
life and property due to fire. Government regulation pressure and growing
awareness regarding fire safety among industry participants are expected to boost
market demand.
Application Insights
Polyolefin was the largest
application segment in 2015 and accounted for more than 20% of the overall
market. The high flame retardant loading capacity exhibited by polyolefins is
responsible for their growing demand in end-use industries such as construction
and electrical. The growing demand for high-quality coatings is expected to
boost the application of epoxy resins. Epoxy resins consumption was estimated
to be around 600 kilotons in 2015.
End-Use Insights
Flame retardants are used
to reduce this risk of fire in a wide range of electronic products such as
smartphones, laptops, refrigerators, TV sets, printed wiring boards, and vacuum
cleaners. Rising disposable income is boosting the growth of electrical &
electronics segment owing to which the demand for flame retardants is expected
to be high in this application segment.
Construction end use
segment is anticipated to grow at a CAGR of 6.8% over the forecast period on
account of growing investments in developing countries. Fire safety and
prevention is the primary concern of the consumers in construction, the demand
is expected to grow rapidly over the forecast period.
Regional Insights
Asia Pacific was the major
regional segment and accounted for over 45% of total volume in 2015. High
demand from countries such as China, Japan, and India are benefitting the
market growth. The upcoming electrical & electronics manufacturing hubs
coupled with a positive outlook for construction sector is expected to drive
the flame retardant market over the forecast period.
The growing pressure of
regulatory agencies such as REACH and European Flame Retardant Association
(EFRA) is driving the demand for these products in Europe. Europe consumed over
600 kilotons in 2015. The presence of a large number of end-use industries is
expected to boost market growth in this region.
Competitive Insights
Key industry players
include BASF, Albemarle, Chemtura, ICL, Clariant International Ltd., Italmatch
Chemicals, Huber Engineered Materials, DSM & Thor Group Ltd. Major industry
participants have focused their efforts on the acquisition of local companies
to increase their global footprint. Companies are investing heavily in product
innovation to gain market share.
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