Flame Retardant Chemicals Market Size is projected to reach USD 11.71 billion by 2030, growing at a CAGR of 4.73%: Straits Research

New York, United States, June 19, 2023 (GLOBE NEWSWIRE) -- A broad range of chemicals added to manufactured goods like plastics, fabrics, surface finishes, and coatings fall under the umbrella phrase "flame retardants." When an ignition source is present, flame retardants become active and work in a variety of physical and chemical ways to stop or delay the spread of ignition. Demand for flame retardants is anticipated to rise due to the rising use of fire-resistant goods in various end-use industries, including building, transportation, and electrical and electronics.

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Rising Safety Standards in Building Construction Drive the Global Market

Buildings are vulnerable to various natural and man-made dangers (fire, explosion, etc.) during this extended period, resulting in a partial or total collapse of the structure and the immobilization of building operations. In the event of a hazard, such as destruction or incapacitation, which would result in considerable direct and indirect financial losses, residents' lives could be in jeopardy. A fire hazard in a building poses a threat to life, the stability of the structure, and property and may break out purposefully or unintentionally. Due to rapid global growth, fire risks in buildings have changed dramatically in terms of their severity and adaptability, and they have been an increasing worry in recent years.

Growing Demand in Building and Construction Segment Creates Tremendous Opportunities

Due to stringent fire safety rules, flame retardants are employed in building materials and other items. Flame retardants are primarily employed in the structural insulation of buildings. Insulation is employed in homes and other buildings to keep interior spaces at a pleasant temperature and save energy. The most often used flame retardants in polyurethane foams, particularly liquid ones, are those based on phosphorus. Three flame retardants can be used with rigid polyurethane foams: additive liquid, reactive liquid, and solid. Various fire standards across the globe are driving the market for flame retardants. All building and construction materials (including rigid PU foams) must adhere to EN 13501's fire regulations.

Report Scope

Report Metric	Details
Market Size by 2030	USD 11.71 billion
Market Size in 2021	USD 7.72 billion
CAGR	4.73% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Product Type, By End-User Industry
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Albemarle Corporation, Apexical Inc., BASF SE, Clariant AG, Daihachi Chemical Industry Co. Ltd, DIC Corporation, Dow, Eti Maden, ICL, Italmatch Chemicals SpA.
Key Market Opportunities	Growing Demand in Building and Construction Segment
Key Market Drivers	Rising Safety Standards in Building Construction

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Regional Analysis

Asia-Pacific is the most significant shareholder in the global flame retardant chemicals market and is expected to grow at a CAGR of 5.56% during the forecast period. Flame retardant chemicals are often used in brown and white products, such as phones, televisions, and appliances like refrigerators and washing machines. The world's most fantastic electronics manufacturing base is located in China. Products like cell phones, TVs, portable computing devices, gaming systems, and other personal electronic gadgets experienced the fastest growth in the electronics sector. Additionally, the construction industry in India ranks as the second-largest economic sector, contributing an average of around 9% to the country's GDP annually. This could result in a massive demand for flame-retardant products in the nation. In addition to the Production Linked Incentive (PLI), the government has launched the Modified Electronics Manufacturing Clusters (EMC 2.0) and the Scheme for Promotion of Electronic Components and Semiconductors (SPECS) to promote the production of electronics in India.

Europe is expected to grow at a CAGR of 10.9%, generating USD 25 billion during the forecast period. Germany, one of the top manufacturing hubs for the automotive industry, is home to manufacturers from a wide range of industries, including equipment makers, suppliers of materials and components, engine manufacturers, and integrators of entire systems. The German aerospace industry comprises more than 2,300 companies dispersed around the country, with the north having the greatest concentration of companies. Rapid urbanization, rising population growth, and tourism, particularly in the residential and leisure sectors, are all expected to boost the building industry in the region. The government has been investing more in infrastructure for transportation, completing critical projects more swiftly, and improving opportunities for the service sector.

The number of manufacturing facilities and development centers in the US has increased significantly due to the emphasis on producing high-end goods. Robust exports of aircraft components to countries like France, China, and Germany, as well as solid consumer spending in the United States, have propelled the industrial operations in the aerospace industry. The country's aircraft industry may benefit from this by developing a favorable climate for the market for flame-retardant chemicals. The building and construction sector is anticipated to account for the largest share of the country's need for flame retardants. Canada, the second-largest construction market in North America, is expected to keep growing and improving through 2024. The leading causes of considerable commercial and residential building activity growth are government programs and more significant immigration to Canada.

Key Highlights

• The global flame retardant chemicals market size is projected to reach USD 11,714.26 million by 2030, growing at a CAGR of 4.73% during the forecast period (2022-2030). 
• Based on product type, the global flame retardant chemicals market is bifurcated into non-halogenated and halogenated flame retardant chemicals. The non-halogenated flame retardant chemicals segment is the highest contributor to the market and is expected to grow at a CAGR of 5.05% during the forecast period.
• Based on the end-user industry, the global flame retardant chemicals market is bifurcated into electrical and electronics, buildings and construction, transportation, textile, and furniture. The buildings and construction segment owns the highest market share and is expected to grow at a CAGR of 4.48% during the forecast period.
• Asia-Pacific is the most significant shareholder in the global flame retardant chemicals market and is expected to grow at a CAGR of 5.56% during the forecast period.

The global flame retardant chemicals market’s major key players are

1. Albemarle Corporation
2. Apexical Inc
3. BASF SE
4. Clariant AG
5. Daihachi Chemical Industry Co. Ltd
6. DIC Corporation
7. Dow
8. Eti Maden ICL
9. Italmatch Chemicals SpA

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Global Flame Retardant Chemicals Market: Segmentation

By Product Type

• Non-halogenated Flame Retardant Chemicals
• Halogenated Flame Retardants Chemicals

By End-User Industry

• Electrical and Electronics
• Buildings and Construction
• Transportation
• Textile and Furniture

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA

TABLE OF CONTENT

1. EXECUTIVE SUMMARY
2. RESEARCH SCOPE & SEGMENTATION
   1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered
3. MARKET OPPORTUNITY ASSESSMENT
   1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM
4. MARKET TRENDS
   1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors
5. MARKET ASSESSMENT
   1. Porters Five Forces Analysis
   2. Value Chain Analysis
   3. Raw Material Analysis
   4. Sales And Distribution Channel Analysis
   5. Trade Analysis
   6. Patent Analysis
   7. M & A Agreements & Collabration Analysis
   8. Export Import Analysis
   9. Cost Structure Analysis
6. ESG TRENDS
7. GLOBAL FLAME RETARDANT CHEMICALS MARKET SIZE ANALYSIS
   1. Global Flame Retardant Chemicals Market Introduction
   2. By Product Type
      1. Introduction
         1. Product Type By Value
      2. Non-Halogenated Flame Retardant Chemicals
         1. By Value
      3. Halogenated Flame Retardants Chemicals
         1. By Value
   3. By End-User Industry
      1. Introduction
         1. End-User Industry By Value
      2. Electrical And Electronics
         1. By Value
      3. Buildings And Construction
         1. By Value
      4. Transportation
         1. By Value
      5. Textile And Furniture
         1. By Value
8. NORTH AMERICA MARKET ANALYSIS
   1. Introduction
   2. By Product Type
      1. Introduction
         1. Product Type By Value
      2. Non-Halogenated Flame Retardant Chemicals
         1. By Value
      3. Halogenated Flame Retardants Chemicals
         1. By Value
   3. By End-User Industry
      1. Introduction
         1. End-User Industry By Value
      2. Electrical And Electronics
         1. By Value
      3. Buildings And Construction
         1. By Value
      4. Transportation
         1. By Value
      5. Textile And Furniture
         1. By Value
   4. U.S.
      1. By Product Type
         1. Introduction
            1. Product Type By Value
         2. Non-Halogenated Flame Retardant Chemicals
            1. By Value
         3. Halogenated Flame Retardants Chemicals
            1. By Value
      2. By End-User Industry
         1. Introduction
            1. End-User Industry By Value
         2. Electrical And Electronics
            1. By Value
         3. Buildings And Construction
            1. By Value
         4. Transportation
            1. By Value
         5. Textile And Furniture
            1. By Value
   5. Canada
9. EUROPE MARKET ANALYSIS
   1. Introduction
   2. By Product Type
      1. Introduction
         1. Product Type By Value
      2. Non-Halogenated Flame Retardant Chemicals
         1. By Value
      3. Halogenated Flame Retardants Chemicals
         1. By Value
   3. By End-User Industry
      1. Introduction
         1. End-User Industry By Value
      2. Electrical And Electronics
         1. By Value
      3. Buildings And Construction
         1. By Value
      4. Transportation
         1. By Value
      5. Textile And Furniture
         1. By Value
   4. U.K.
      1. By Product Type
         1. Introduction
            1. Product Type By Value
         2. Non-Halogenated Flame Retardant Chemicals
            1. By Value
         3. Halogenated Flame Retardants Chemicals
            1. By Value
      2. By End-User Industry
         1. Introduction
            1. End-User Industry By Value
         2. Electrical And Electronics
            1. By Value
         3. Buildings And Construction
            1. By Value
         4. Transportation
            1. By Value
         5. Textile And Furniture
            1. By Value
   5. Germany
   6. France
   7. Spain
   8. Italy
   9. Russia
   10. Nordic
   11. Benelux
   12. Rest Of Europe
10. APAC MARKET ANALYSIS
    1. Introduction
    2. By Product Type
       1. Introduction
          1. Product Type By Value
       2. Non-Halogenated Flame Retardant Chemicals
          1. By Value
       3. Halogenated Flame Retardants Chemicals
          1. By Value
    3. By End-User Industry
       1. Introduction
          1. End-User Industry By Value
       2. Electrical And Electronics
          1. By Value
       3. Buildings And Construction
          1. By Value
       4. Transportation
          1. By Value
       5. Textile And Furniture
          1. By Value
    4. China
       1. By Product Type
          1. Introduction
             1. Product Type By Value
          2. Non-Halogenated Flame Retardant Chemicals
             1. By Value
          3. Halogenated Flame Retardants Chemicals
             1. By Value
       2. By End-User Industry
          1. Introduction
             1. End-User Industry By Value
          2. Electrical And Electronics
             1. By Value
          3. Buildings And Construction
             1. By Value
          4. Transportation
             1. By Value
          5. Textile And Furniture
             1. By Value
    5. Korea
    6. Japan
    7. India
    8. Australia
    9. Taiwan
    10. South East Asia
    11. Rest Of Asia-Pacific
11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Product Type
       1. Introduction
          1. Product Type By Value
       2. Non-Halogenated Flame Retardant Chemicals
          1. By Value
       3. Halogenated Flame Retardants Chemicals
          1. By Value
    3. By End-User Industry
       1. Introduction
          1. End-User Industry By Value
       2. Electrical And Electronics
          1. By Value
       3. Buildings And Construction
          1. By Value
       4. Transportation
          1. By Value
       5. Textile And Furniture
          1. By Value
    4. UAE
       1. By Product Type
          1. Introduction
             1. Product Type By Value
          2. Non-Halogenated Flame Retardant Chemicals
             1. By Value
          3. Halogenated Flame Retardants Chemicals
             1. By Value
       2. By End-User Industry
          1. Introduction
             1. End-User Industry By Value
          2. Electrical And Electronics
             1. By Value
          3. Buildings And Construction
             1. By Value
          4. Transportation
             1. By Value
          5. Textile And Furniture
             1. By Value
    5. Turkey
    6. Saudi Arabia
    7. South Africa
    8. Egypt
    9. Nigeria
    10. Rest Of MEA
12. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Product Type
       1. Introduction
          1. Product Type By Value
       2. Non-Halogenated Flame Retardant Chemicals
          1. By Value
       3. Halogenated Flame Retardants Chemicals
          1. By Value
    3. By End-User Industry
       1. Introduction
          1. End-User Industry By Value
       2. Electrical And Electronics
          1. By Value
       3. Buildings And Construction
          1. By Value
       4. Transportation
          1. By Value
       5. Textile And Furniture
          1. By Value
    4. Brazil
       1. By Product Type
          1. Introduction
             1. Product Type By Value
          2. Non-Halogenated Flame Retardant Chemicals
             1. By Value
          3. Halogenated Flame Retardants Chemicals
             1. By Value
       2. By End-User Industry
          1. Introduction
             1. End-User Industry By Value
          2. Electrical And Electronics
             1. By Value
          3. Buildings And Construction
             1. By Value
          4. Transportation
             1. By Value
          5. Textile And Furniture
             1. By Value
    5. Mexico
    6. Argentina
    7. Chile
    8. Colombia
    9. Rest Of LATAM
13. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Flame Retardant Chemicals Market Share By Manufacturers
    3. Flame Retardant Chemicals Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
14. MARKET PLAYERS ASSESSMENT
    1. Albemarle Corporation
       1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developmments
    2. Apexical Inc
    3. BASF SE
    4. Clariant AG
    5. Daihachi Chemical Industry Co. Ltd
    6. DIC Corporation
    7. Dow
    8. Eti Maden ICL
    9. Italmatch Chemicals SpA
15. RESEARCH METHODOLOGY
    1. Research Data
       1. Secondary Data
          1. Major Secondary Sources
          2. Key Data From Secondary Sources
       2. Primary Data
          1. Key Data From Primary Sources
          2. Breakdown Of Primaries
       3. Secondary And Primary Research
          1. Key Industry Insights
    2. Market Size Estimation
       1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection
    3. Research Assumptions
       1. Assumptions
    4. Limitations
    5. Risk Assessment
16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
17. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/flame-retardant-chemicals-market/toc

Market News

• In July 2022, Combining their non-halogenated flame retardant additive expertise, BASF and THOR GmbH have offered customers a complete solution that will improve particular plastic compounds' performance and sustainability while meeting strict requirements for fire safety regulations.

News Media

Global Flame Retardant Chemicals Market Grows Steadily at a CAGR of 4.73%

Global Fire Sprinkler Market Ascends at a Healthy CAGR of 7.49%

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