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The global flame retardants market reached a value of US$ 8.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.7 Billion by 2027, exhibiting a CAGR of 6.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Flame retardants are chemicals applied to prevent, stop or slow down the combustion of flammable materials, such as wood, plastic, paper, rubber and fibers. They are manufactured using organohalogens, organophosphates and various active compounds, such as bromine, chlorine, phosphorus, nitrogen, aluminum, magnesium, boron and carbon. Flame retardants are commonly used for the manufacturing of automobile bumpers, overhead compartments, seats covers, furnishing products, such as carpets, curtains and upholstery, and electronic devices, including televisions, laptops and personal computers. They are also widely used in electric cables, polystyrene and polyurethane insulation foams and building and construction materials. However, long-term exposure to flame retardants can have detrimental effects on human health and can cause neurological damage, hormonal disruption and cancer.
The increasing utilization of fire retardants across various industries, such as automotive, electronics, construction, aviation and textile, is one of the key factors driving the market growth. Moreover, rising awareness among the masses regarding the need for effective fire management solutions to prevent fire incidents and property loss is providing a thrust to the market growth. For instance, consumer electronics manufacturers are widely using flame retardants in electric wire insulations in circuit boards, electronic casing, and wires and cable systems to prevent fires. In line with this, the widespread adoption of phosphorous-based flame retardants in rigid polyurethane foams is also contributing to the growth of the market. Additionally, various product innovations, such as the development of halogen-free variants that are sustainable and safe for humans upon exposure, are favoring the market growth. Other factors, including significant growth in the chemical industry across the globe, along with the implementation of favorable fire safety standards and regulations, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global flame retardants market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end use industry.
Breakup by Type:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Almatis GmbH, BASF SE, Borealis GmbH (OMV Aktiengesellschaft), Budenheim Ibérica S.L.U, Campine NV, Clariant AG, Dover Chemical Corporation (ICC Industries Inc.), Dow Inc., ICL Group Ltd, Lanxess AG, Otsuka Chemical Co. Ltd. and RTP Company (Miller Waste Mills Inc.).
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Application, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Almatis GmbH, BASF SE, Borealis GmbH (OMV Aktiengesellschaft), Budenheim Ibérica S.L.U, Campine NV, Clariant AG, Dover Chemical Corporation (ICC Industries Inc.), Dow Inc., ICL Group Ltd, Lanxess AG, Otsuka Chemical Co. Ltd. and RTP Company (Miller Waste Mills Inc.)|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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