The report of Global Flame Retardants Market by Product Type (Non -Halogenated Flame Retardant Chemical, Halogenated Flame Retardants Chemicals), End User (Building and Construction, Wire and Cables, Automotive, Electrical & Electronics, Plastic Manufacturing, Textiles & Furniture, Others) and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 11.2 Bn by 2027, at a CAGR of XX% during a forecast period.
The report contains a detailed list of factors that will drive and restrain the growth of the flame retardants market. Rapid urbanization, rise in infrastructure activities, increase in safety standard in construction activities, rising electrical & electronics goods manufacturing and advancement in technology are some of the key growth drivers of the flame retardants market globally. The advent of nanotechnology is likely to play a major role in the growth of flame retardants markets. However,
health and environmental concerns would hamper the growth of the flame retardants market.
The electrical & electronics segment is expected to account for the largest XX% market share by 2027.
Electrical & Electronics dominated the end-user segment with a demand of over ~2,000-kilo tons in 2018. Electrical and electronics products are subject to a high degree of fire risk because of the involvement of electric currents in their functioning. In electrical & electronics industry flame retardant chemicals are conducive to the production of laptops, cell phones, washers, refrigerators, dryers, vacuum cleaners, and battery chargers.
The Asia-Pacific is projected to witness the fastest growth during the forecast period.
The increase in infrastructural activities in the Asia-Pacific region because of the various government initiatives such as ‘Smart City Mission’ in India, the ‘Belt and Road Initiative’ of China would drive the flame retardants market during the forecast period. The demand for electronics products is projected to grow rapidly owing to the low-cost electronic substitutes and availability of cheap labor, thus giving a boost to the flame retardants market. China is the leading revenue-generating country in the APAC followed by India in terms of textile and electronic manufacturing industries and flame retardants are extensively used in these industries.
Key players operating in the Global Flame Retardants Market are Albemarle, ICL, Chemtura, Clariant International Ltd., Italmatch Chemicals, Huber Engineered Materials, BASF, Thor Group Ltd., Lanxess AG, DSM, FRX Polymers, Nabaltec AG, Delamin, Dupont
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Flame Retardants Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Flame Retardants Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Flame Retardants Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Flame Retardants Market”
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