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Flame Retardant Chemicals Market: Global Demand Analysis & Opportunity Outlook 2024

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Extensive insights into the Growth of Flame Retardant Chemicals Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Flame Retardant Chemicals Market Overview

Flame retardant chemicals are the additive to the combustible products which reduces the impact of fire on people and property. Flame retardant chemicals are mainly added in consumer and commercial flammable products such as plastic and textile. Bromine, nitrogen, phosphorus and chlorine are the most common flame retardant chemicals used to treat potential flammable materials. Flame retardant chemicals are utilized mostly in four major areas i.e. electrical and electronics devices, building and construction materials, furnishing and transportation.       

Market Size and Forecast

Global flame retardant chemicals market is anticipated to flourish at a CAGR of 6.7% over the forecast period. Further, the global flame retardant market is expected to garner USD 15.6 Billion by the end of 2024. Rising demand from end use industries is likely to drive the growth of the market during the forecast period. Apart from this, government safety regulations are anticipated to impel the growth of global flame retardant chemicals market.

In the regional platform, Asia-Pacific is the largest market in the term of revenue share in the overall flame retardant chemicals market. Further, Asia-Pacific is expected to continue its dominance over the forecast period. The market of flame retardants is majorly driven by the growth and expansion of end user industries such as automotive, construction industry, furniture industry and other industries. Additionally, increasing safety standards and regulations is expected to garner the growth of flame retardants chemicals market in Asia-Pacific region.

flame retardant chemicals

North America is anticipated to witness modest growth during the forecast period. Increasing sale of electrical and electronics devices is expected to positively impact the growth of the flame retardant chemicals market in the region. U.S. is projected to account for the highest market share in the North America owing to the strict implementation of safety regulations.

Europe region is anticipated to witness lucrative growth over the forecast period. Presence and growth of automotive industries is believed to be the dynamic factor behind the growth of Europe flame retardant market. Apart from this, rising demand and sale of electronic devices is also envisioned to bolster the growth of flame retardant market in the Europe region.CLICK TO DOWNLOAD SAMPLE REPORT  

Market Segmentation

Our in-depth analysis has segmented global flame retardant chemicals market into the following segments:

By Type

  • Aluminum Hydroxide
  • Brominated
  • Phosphorus-based Flame Retardants
  • Chlorinated
  • Antimony Oxide

By Application

  • Building and Construction Materials
  • Electricals and Electronics Devices
  • Transportation (Airplanes, Trains, Automotive)
  • Textile and Furnishing

By Region

Global flame retardant chemicals market has been segmented into following regions:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers & Challenges

Stringent government regulations and standards for fire safety is the key growth driver of global flame retardant chemicals market. According to National Fire Protection Association, in 2009, 1,348,500 fires were reported in the United States resulting in 3,010 civilian deaths, 17,050 civilian injuries and USD 12.5 Billion in property damage. The heavy loss incurred from fire outbreak has forced government of various developed and developing countries such as Japan, U.S., Germany and Australia to implement fire safety regulations and lay out of safety standard.

Wide scale adoption of flame retardants chemicals by the end use industries is envisioned to bolster the growth of global flame retardant chemicals market. Further, rising construction activities in developing countries and Western Europe is expected to positively impact the growth of the global flame retardants chemicals market. Apart from this, global flame retardant chemicals market is expected to witness augmented demand from transportation and electronic industry.

However, volatility in the price of raw material is anticipated to dampen the growth of global flame retardant chemicals market. Further, harmful effects to the human such as toxicity are anticipated to restrain the development of flame retardant chemicals market across the globe.

Key Players

Scope and Context

Overview of the Parent Market

Analyst View


The global flame retardant chemicals market is segmented as follows:

  • By Type Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment


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