Flame Retardant Market Share, Forecast & Outlook 2032
- Pallavi Garudkar
- 3 hours ago
- 3 min read
Flame retardants are chemicals added to flammable materials such as plastic, coatings, textiles, and others to prevent fire incidents. Flame retardants are also added to products such as electric wires, computers, mattresses, foams, automobile parts, and others for protection against fire. A recently published report by Fortune Business Insights, titled, “Flame Retardant Market Size, Share & Industry Analysis, By Chemistry (ATH, Brominated, Antimony Oxides, Chlorinated, Phosphorous Compounds, and Others), By End User (Automotive, Construction, Wire & Cable, Electrical & Electronics, Textile, and Others), and Regional Forecast, 2025-2032,” states that the global flame retardant market size was valued at USD 7.09 billion in 2019 and is projected to reach USD 11.17 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period.
The Report Answers the Following Questions:
What is the competitive landscape of the market?
How will end-user applications help promote growth?
What are the key strategies adopted by players in this market?
What are the significant industry developments in this market?
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Drivers & Restraints:
Q1: What is driving the growth of the flame retardant market?
The growth is primarily driven by the imposition of stringent fire safety regulations across various industries.
Rising consumption of brominated compounds in multiple end-use products is boosting demand.
The development of innovative synergists that improve the efficiency of flame retardants is also contributing to market expansion.
Q2: What is restraining the market growth?
Health and environmental concerns regarding the use of conventional flame retardants have led to stricter regulations, limiting their usage.
Despite these challenges, mandatory fire safety norms are creating lucrative opportunities as manufacturers adopt safer, more sustainable flame retardant solutions.
Segmentation Insights:
Q3: Which segment held the largest market share?
The antimony oxides segment dominated the market with a 26.6% share in 2019 due to its effectiveness.
Q4: Which segment is expected to grow the fastest?
The aluminium trihydrate (ATH) segment is projected to overtake antimony oxides during the forecast period, as ATH does not emit toxic smoke when burned and is widely preferred for safer applications.
Regional Analysis:
Q5: Which region dominated the market?
Asia Pacific held the largest share in 2019, generating USD 3,173.7 million in revenue, driven by robust electronics manufacturing and increasing construction activities.
Q6: Which regions will see significant growth in the coming years?
North America is expected to grow steadily due to stringent mandatory fire safety regulations.
Europe will witness considerable growth, fueled by the automotive industry’s rising adoption of flame retardants in vehicle components.
Competitive Landscape:
Q7: How are companies competing in the flame retardant market?
Leading manufacturers are investing heavily in product innovation and development to create more efficient flame retardants.
A major focus is on developing halogen-free flame retardants to meet sustainability goals and comply with environmental standards.
Key Industry Developments:
December 2018: LANXESS will invest US$222.3 million in flame retardant products. The company will invest this amount in its plants located in the U.S., Germany, and the UK. The investment will substantially strengthen the company's presence.
Some of the Key Players of the Flame Retardant Market include:
Thor (UK)
Italmatch Chemicals S.p.A. (Italy)
Huber Engineered Materials (United States)
Kisuma Chemicals (Netherlands)
Nabaltec AG (Germany)
Dow (United States)
Akzo Nobel N.V. (Netherlands)
BASF SE (Germany)
ICL Group (Israel)
Lubrizol Corporation (United States)
Clariant (Switzerland)
LANXESS (Germany)
Others
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