Dynamic 5.3% CAGR Charts Flame Retardants Market’s Future in 2024-30

Market Overview: Flame Retardants Market

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Flame Retardants Market Insights 2024-30

The Flame Retardants Market is estimated to grow at a CAGR of around 5.3% during the forecast period 2024-30.

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Driving Innovation: Exploring the Flame Retardants Market and its Growth Opportunity

Global Flame Retardants Market Driver: Rise in Strict Regulations Regarding Fire & Human Safety

The primary aspect projected to drive the Global Flame Retardants Market during 2024-30 is the increasing rules & regulations regarding fire & human safety worldwide. Governments of various countries are actively focusing on preventing fire & explosion-related incidents in offices, industries, public places, etc., which, in turn, has led to the implementation of stringent rules for industries to use flame retardants in cables, wires, construction products, insulation materials, textiles, automotive components & interiors, and paints & coatings in order to reduce the chances of combustion, i.e., stimulating the overall market expansion.

Top Players in the Flame Retardants Market:

-Lanxess AG

-Albemarle Corporation

-Clariant International Ltd.

-Chemtura Corporation

-Israel Chemicals Limited (ICL)

-BASF SE

-LG Chem

-The Dow Chemical Company

-Italamtch Chemicals

-Nabaltech AG

-Huber Engineered Materials

-Others

Recent Developments in the Global Luxury Car Market

• In May 2022, FRX Innovations’ Nofia® flame retardant received ChemFORWARD’s SAFER designation for its high-performance level & sustainability attributes in lithium-ion battery casings. This designation strengthened the leader’s position in environmentally sustainable polymeric, non-halogenated flame retardants for both consumers and industrial products & applications.
• The same year in April, LG Chem developed a special flame retardant that can block heat for a longer period when applied to the battery pack cover of EVs (Electric Vehicles) thanks to its superior heat resistance. This new high-functional engineering plastic material comprises PPO (Polyphenylene Oxide), PA (Polyamide), & PBT (Polybutylene Terephthalate), with excellent dimensional stability that can maintain its shape despite temperature changes.

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Segmentation Analysis of Flame Retardants Market

Flame Retardants Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

By Type

-Alumina Trihydrate

-Brominated Flame Retardants

-Antimony Trioxide

-Phosphorous Flame Retardants

-Others

By Application

-Unsaturated Polyester Resins

-Epoxy Resins

-PVC

-Rubber

-Polyolefins

-Styrenics

-Others

By End User Industry

-Building & Construction

-Automotive & Transportation

-Electronic & Electrical

-Others (Adhesives, Textiles, Aerospace, etc.)

• Among all, the electronic & electrical industry acquired the largest share of the Global Flame Retardants Market in recent years, and the same trend is likely during the forecast period.

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A Comprehensive Geographical Analysis:

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

 

 

• Of all countries globally, Asia-Pacific holds the largest share of the Flame Retardants Market.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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