Inorganic Flame Retardants Market Size & Share, by Type (Halogenated, Non-Halogenated); Application (Styrenics, UPE, PVC, Rubber, Polyolefins, Epoxy Resins, ETP); End-user (Construction, Transportation, Electrical & Electronics, and, Textiles) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3965
  • Published Date: Aug 20, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Inorganic Flame Retardants Market size is set to register over 4.2% CAGR during the forecast period i.e., between 2024-2036. The growth of the market can be attributed primarily to the growing demand for fire retardant materials from a wide range of end use industries as a result of rise in the number of fire related accidents in factories. According to the Institute for Health Metrics and Evaluation, in 2017, there were about 8.991 million new injuries that resulted from fire, heat, and hot substances, of which 120,632 resulted in death. Along with this, developments in fire safety standards around the world, specifically for metallic element composite panel cladding used in buildings, is expected to raise the demand for the product significantly in the forthcoming years. Furthermore, rapidly escalating urbanization, and surging development of novel flame retardants by companies are projected to offer abundant growth opportunities to the inorganic flame retardants market in the near future.


Inorganic Flame Retardants Market
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Inorganic Flame Retardants Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Fire Retardant Materials from a Wide Range of End Use Industries
  • Developments in Fire Safety Standards Worldwide

Challenges

  • Fluctuation in the Prices of Raw Materials

Inorganic Flame Retardants Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

4.2%

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Inorganic Flame Retardants Segmentation

The market is segmented by end use industry into construction, transportation, electrical & electronics, and, textiles, out of which, the construction segment is anticipated to hold the largest share in the global inorganic flame retardants market. This can be accounted to the increasing use of flame retardants in building materials in adherence to stringent fire safety regulations. Apart from this, high utilization of the product for structural insulation in buildings is also assessed to boost the growth of the market segment in the future. Additionally, on the basis of type, the non-halogenated segment is predicted to occupy the largest share by the end of 2031, owing to the lesser amount of heat and smoke produced by this type of flame retardants, and their high cost-effectiveness.

Our in-depth analysis of the global market includes the following segments:

           By Type

  • Halogenated
  • Non-Halogenated

             By Application

  • Styrenics
  • UPE
  • PVC
  • Rubber
  • Polyolefins
  • Epoxy Resins
  • ETP

 

 

           By End Use Industry

  • Construction
  • Transportation
  • Electrical & Electronics
  • Textiles

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Inorganic Flame Retardants Industry - Regional Synopsis

Regionally, the global inorganic flame retardants market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific industry is likely to account for largest revenue share by 2036, propelled by rapidly growing building & construction sector, and increasing rate of urbanization in the region. As per the World Bank, 60.698% of the total population of the East Asia & Pacific region lived urban areas in 2020, up from 59.889% in 2019 and 59.053% in 2018 respectively. Moreover, the market in North America is expected to grab the largest share during the forecast period owing to the imposition of strict fire safety laws in the region. In addition, rising investments by companies to develop improved inorganic flame retardants is also projected to drive the inorganic flame retardants market growth in the region in the coming years.

Research Nester
Inorganic-Flame-Retardants-Market-Share
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Companies Dominating the Inorganic Flame Retardants Landscape

    • J.M. Huber Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Tosoh Corporation
    • Albermarle Corporation
    • Lanxess AG
    • ICL Group
    • Jiangsu Jacques Technology Co., Ltd.
    • Clariant International Ltd
    • The Dow Chemical Company
    • Nabaltec A.G
    • Green Chemicals SpA

In the News

  • May 2021- J.M. Huber Corporation signed a definitive agreement with RHI Magnesita for acquiring their 50% ownership stake in the companies’ 50/50 joint venture, MAGNIFIN Magnesiaprodukte GmbH & Co. KG.

  • June 2020- Tosoh Corporation announced that it is planning to expand its bromine production capacity by 30% for use in flame retardants and other applications at its Nanyo Complex in Japan.

Author Credits:  Rajrani Baghel


  • Report ID: 3965
  • Published Date: Aug 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Inorganic Flame Retardants Market size is set to register over 4.2% CAGR during the forecast period i.e., between 2024-2036.

The market growth is driven by growing demand for fire retardant materials from a wide range of end use industries, and developments in fire safety standards worldwide.

Asia Pacific industry is likely to account for largest revenue share by 2036, propelled by rapidly growing building & construction sector, and increasing rate of urbanization in the region.

The major players in the market are J.M. Huber Corporation, Tosoh Corporation, Albermarle Corporation, Lanxess AG, ICL Group, and others.
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