Ocean View, Delaware, July 05, 2017 (GLOBE NEWSWIRE) --
The industry analysis report, “Non Halogenated Flame Retardants Market Size By Application (Polyolefins, Epoxy Resin, UPE, PVC, ETP, Rubber, Styrenics), By Product (Aluminum Hydroxide, Phosphorous Based), By End Use (Construction, Electrical, Transportation), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Thailand, Brazil, Saudi Arabia, UAE), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024.” by Global Market Insights, Inc. says Non Halogenated Flame Retardants Market will surpass USD 3.4 billion till 2024.
Increasing investment in the construction sector coupled with stringent regulations towards fire safety will propel the industry outlook. Europe non halogenated flame retardants market is governed by regulations introduced by WEEE and REACH. WEEE directive 2012/19/EU aims to substantially increase recycling capacity and cover additional group of products. Various parameters including toxicity, ecological effects and fire resistance capacity are considered before authorizing sales and distribution of fire suppressants.
Non halogenated flame retardants market share from polyolefins is set to grow over 7% by 2024. Halogen free polyolefins include PP, LDPE, PE, LLDPE, EVA and MDPE. They are primarily used in electric cables & wires, construction and transportation sectors. Market share from epoxy resins applications will witness significant growth of over 7% by 2024. Increasing epoxy resin demand utilized for high quality coatings coupled with rapid industrial growth will propel the industry.
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Non halogenated flame retardants market share from polyolefins is set to grow over 7% by 2024. Halogen free polyolefins include PP, LDPE, PE, LLDPE, EVA and MDPE. They are primarily used in electric cables & wires, construction and transportation sectors. Market share from epoxy resins applications will witness significant growth of over 7% by 2024. Increasing epoxy resin demand utilized for high quality coatings coupled with rapid industrial growth will propel the industry.
Increasing polymer adoption in automotive and construction industries will impel non halogenated flame retardant market demand. Polymers are base material with chemically linked additives to suppress fire. Chlorine and bromine based additives used in manufacturing polymers will have negative impact on the ecosystem owing to large quantities of toxic materials present.
Browse key industry insights spread across 113 pages with 168 market data tables & 24 figures & charts from the report, “Non Halogenated Flame Retardants Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/non-halogenated-flame-retardants-market-report
North America non halogenated flame retardants market size, led by U.S., will surpass USD 1.3 billion in 2015. Federal government guidelines laid down by the Environment Protection Agency will stimulate sales of bio based products and limit brominated and chlorinated fire suppressors demand. In 2015, North America electrical industry used more than 100 kilos ton fire suppressants.
For Europe non halogenated flame retardants market size by phosphorous based retardants is expected to generate demand exceeding 120 kilo tons by 2024. Aluminum hydroxide is expected to grow over 8% by 2024, subject to wide application in industries including electronics, construction and electrical equipment.
Middle East non halogenated flame retardants market share will witness growth over 9% by 2024 owing to large scale infrastructural development coupled with stringent regulations towards safeguarding construction activities. Asia Pacific non halogenated flame retardants industry is set to exceed USD 800 million by 2024, subject to rapid growth in construction industry. China accounted for over 40% of construction sector in the region in 2015. Latin America transportation industry witnessed demand surpassing 3 kilo tonnes by 2015 and will grow significantly over the forecast period.
Notable industry participants including Albermarle, Nabaltec, BASF, Israel Chemicals, Clariant, Chemtura, Italmatch Chemicals, and Huber. The companies integrate backwards to negate possible raw material scarcity. Industry players are increasingly focusing on broadening their product portfolio by adding fire suppressants with low toxicity made from magnesium hydroxide, melamine and phosphorus. Demand supply deficit of raw material may jeopardize non halogenated flame retardants market price.
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