18 June 2018
Visiongain’s new report the Flame Retardants Market Report : Forecasts By Type (Alumina Trihydrate (ATH), Antimony Oxide, Brominated Flame Retardants, Chlorinated Flame Retardants, Phosphorous Flame Retardants, Other Flame Retardants) By Application (Polyolefin, Epoxy Resins, PVC, Others) By End-Use (Construction, Electronic Applications, Wires & Cables, Automotive, Other Industrial Uses) indicates that the global flame retardants market will see $7.25bn in spending in 2017.
Flame retardants are key chemical components that reduce the devastating impacts of fire on people, properties, and the environment. These components are added to treat flammable materials such as textiles, and plastics. The report covers the types of flame retardants such as alumina trihydrate, brominated flame retardants, Antimony oxide, chlorinate flame retardants, phosphorous flame retardants, and others and others.
Growing demand from the end-use industries is likely to be the major driving factor for the growth in the flame retardants market over the next ten years. Moreover, electronic appliances followed by the construction segment are expected to be the largest end-use industries over the next 10 years. The demand for fire-proof and fire resistant electronic appliances is on the rise worldwide. Moreover, stringent fire safety regulations in the major countries such as the U.S., Germany, United Kingdom and India among others is likely to boost the demand for flame retardants in the construction industry over the forecast period.
The lead analyst of the report said: “Globally, growing awareness about flame retardants among the end user industries is the primary factor that will promote growth in this market over the next 10 years. Moreover, increased spending on research and development and new products development in the flame retardants industry is projected to augment the market size of flame retardants over the period of 2017-2027. Halogenated flame retardants such as brominated and chlorinated flame retardants are expected to experience decline in demand owing to harmfulness to the environment and humans associated with these flame retardants. As a result, less harmful and environmentally friendly flame retardants are expected to flourish over the period of 2017-2027. The antimony oxide flame retardants segment is expected to grow at the highest CAGR over the next 10 years. Companies operating in this industry are expected to invest heavily in this industry in the years to come.”
The Flame Retardants Market Report 2017-2027 report will be of value to anyone who wants to better understand the flame retardants market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the flame retardants industry.
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