The latest report by IMARC Group, titled “Flame Retardants Market Report by Type (Alumina Trihydrate, Brominated Flame Retardants, Antimony Trioxide, Phosphorus Flame Retardants, and Others), Application (Unsaturated Polyester Resins, Epoxy Resins, PVC, Rubber, Polyolefins, and Others), End Use Industry (Construction, Wires and Cables, Automotive and Transportation, Electrical and Electronics, and Others), and Region 2024-2032“, The global flame retardants market size reached US$ 9.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.
Flame retardants are chemicals created to inhibit or slow the spread of fires flammability of substances. They are widely applied in various products to improve fire safety by either restricting oxygen access, cooling materials, or disrupting chemical reactions during combustion. For example, the construction industry incorporates flame retardants in building materials like insulation, wiring, and coatings, whereas in electronics, they safeguard circuit boards fire hazards. Moreover, flame retardants are extensively utilized in sectors such as construction, electronics, textiles, and transportation to comply with strict global fire safety standards.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/flame-retardants-market/requestsample
Flame Retardants Market Trends and Drivers:
The market for flame retardants is being propelled by the rapid expansion of the automotive sector, which is fueling the need for flame-resistant materials in vehicle components interiors, and engines, to mitigate the risk of fires. The rising concern for fire safety among individuals, driven by a surge in fire-related incidents in homes and workplaces, is also a significant factor driving market growth. Additionally, the electronics industry’s reliance on flame retardants to ensure device safety and prevent further boosting demand. The ongoing evolution of the electronics sector is creating new opportunities for flame retardant applications in circuit boards and casings, leading to increased sales. Moreover, the development of eco-friendly alternatives to traditional flame retardants is catering to the growing demand for sustainable products, thereby driving market expansion.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Alumina Trihydrate
- Brominated Flame Retardants
- Antimony Trioxide
- Phosphorus Flame Retardants
- Others
Breakup by Application:
- Unsaturated Polyester Resins
- Epoxy Resins
- PVC
- Rubber
- Polyolefins
- Others
Breakup by End Use Industry:
- Construction
- Wires and Cables
- Automotive and Transportation
- Electrical and Electronics
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Almatis GmbH
- BASF SE
- Borealis GmbH (OMV Aktiengesellschaft)
- Budenheim Iberica S.L.U
- Campine NV
- Clariant AG
- Dover Chemical Corporation (ICC Industries Inc.)
- Dow Inc.
- ICL Group Ltd
- Lanxess AG
- Otsuka Chemical Co. Ltd.
- RTP Company (Miller Waste Mills Inc.)
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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