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Non-halogenated flame retardants industry | FMI reports

flame retardant market

The global industry size of non-halogenated flame retardants is expected to create lucrative growth opportunities by exhibiting a robust CAGR of 6.2% over the projection period of 2022 to 2032. The market size is expected to be valued at approximately $3,787.1 Million in 2022 and is projected to be approx USD 6,911.1 Million by the end of 2032.

According to the historical period, the global demand for non-halogenated flame retardants market grew at a phenomenal CAGR of 6.5% CAGR from 2015 to 2021. Consumption is predicted to increase with a total market value of US$6,911.1 million by 2032. Non-halogenated flame retardants are compounds mixed with manufacturing materials to suppress flames. In addition, plastic parts of vehicles must have strong frame-retardant properties to reduce the fire hazard, which is largely caused by the heat development of vehicles.

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Growth in the construction sector and increasing urbanization are expected to fuel growth in the global non-halogenated flame retardants market. In addition, the increasing use of plastics in the automotive, transportation, electrical equipment and consumer electronics industries is expected to drive the non-halogenated flame retardants market.

Key learning points

  • At a global level, the electrical and electronics sector is expected to grow due to rising end-user demand. Based on the electrical and electronics sector, plastics are widely applied to printed circuit boards, electronic housings and components, wire and cable, switches and connections.
  • Today, flame retardants are considered essential components in their production, which protect such items from fire caused by resistive heating or joule heating. Electronic waste and other related hazardous products have received increased attention over the past decade.
  • Increasing investments in the electronics sector, especially in India and East Asian regions are expected to increase growth in the non-halogenated flame retardants market. The electronics industry is gaining tremendous popularity worldwide as several flame retardant companies are focusing on this sector due to its significant potential.
  • Government regulations revolving around vehicle emissions management, combined with the beneficial properties of modern plastics, are expected to push Original Equipment Manufacturers (OEMs) to use plastic materials in the production of automotive parts.
  • In recent years, the use of plastic components in the automotive industry has increased dramatically, due to the increased use of plastic components in the automotive industry due to the various properties of the material, such as high durability, corrosion resistance, toughness, design flexibility and resilience.
  • Widespread awareness about reducing CO2 emissions is expected to increase fuel consumption. An average car using plastic composites is expected to account for approximately 10% to 15% of the car’s total weight. Because plastics are considered lighter than their metal equivalents, they tend to increase fuel economy impeccably.
  • According to FMI projections, a 10% decrease in vehicle weight saves 5-7% on gasoline. Therefore, there is an opportunity to reduce CO2 emissions by 20 kg for every kilogram of vehicle weight reduction.

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Competitive landscape

Prominent players in the non-halogenated flame retardants market are focusing on widespread expansion of their production capabilities due to significantly increasing demand for the product in medical applications and tire manufacturing. Furthermore, to enhance their global presence, dominant market players are investing in acquisitions and partnership activities to expand their market presence and consumer base, and strengthen their distribution networks.

Key companies profiled

  • Clariant International Limited
  • Albemarle Corporation
  • Israel Chemical Limited
  • Italmatch Chemicals SpA
  • Chemtura Corporation
  • Nabaltec AG
  • FRX Polymer Inc.
  • Huber technical materials
  • Amfine Chemical Corporation
  • THOR Group Limited

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More insights into the non-halogenated flame retardants market

The US is expected to remain the dominant country over the projection period as it will last for about a year US$6,911.1 million towards the end of the forecast period and shows a growth of a CAGR of 6.2% during the assessment period.

California, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, New York, Oregon, Rhode Island, San Francisco (California), Vermont, WashingtonAnd Washington, DC They are just a few of the states in the US that have introduced strict regulations to control the use of flame retardants in consumer products.

China is the second largest consumer and producer of synthetic rubber. The China The non-halogenated flame retardants market is estimated to grow at a robust CAGR of 7.3% between 2022 and 2032. Growth in the Chinese market is driven by rapid progress in China’s healthcare sector over the projection period.

Market outlook for non-halogenated flame retardants by category

By product type:

  • Metal oxide based
  • Phosphorus based
  • Nitrogen based
  • Others

By end-use industry:

  • Electricity and electronics
  • Build
  • Automotive and transportation
  • Others

By application:

  • PO
  • Epoxy
  • U.P.E
  • Rubber
  • PVC
  • PU
  • Styrene
  • ETP
  • Others

Per region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Recipient and Member of the Greater New York Chamber of Commerce) provides deep insights into the driving factors driving demand in the market. FMI is the leading global provider of market information, advisory services, consultancy and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial and Chemical markets. With a massive team of 400 analysts worldwide, FMI offers global, regional and local expertise on diverse domains and industry trends in more than 110 countries.

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