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Flame retardants are a variety of chemicals substances that are added to combustible materials to make it resistant to fire or slow the fire spread. Flame retardants are added in manufactured materials or used as coatings to make materials fire-resistant. Flame retardants are derived from inert gases or made from chemicals that have endothermic and thermal resistance properties. Flame retardant chemicals are added to consumer goods such as furniture, electronic devices, clothing to reduce the flammability of the products.
On the basis of type, the global flame retardant chemicals market can be segmented into brominated flame retardants, chlorinated flame retardants, antimony oxide, alumimium trihydrate, phosphorous flame retardants, and others. The increasing application of aluminum trihydrates from the construction industry is expected to support market growth for flame retardant chemicals globally. Phosphorous flame retardants are the most commonly used chemicals for the protection of plastics-based materials. Growing demand for brominated flame retardants is expected to boost the flame retardant chemicals market.
On the basis of the end-use industry, the global flame retardant chemicals market can be segmented into construction, electrical & electronics, textiles, automotive & transportation, and others. The construction segment is the dominant segment and will continue to grow during the given forecast period. The rise in demand for fire-resistant building materials has resulted in the growth of flame retardant chemicals from the construction end-use industry.
Key Market Driver -
Rise in demand for flame retardant chemicals from construction end-use industry
Key Market Restraint -
Environmental concerns regarding halogenated flame retardants
The key market driver, for the global flame retardant chemicals market, is the increase in the demand for fire-resistant materials majorly from the construction end-use industry. In addition, growing demand from the electrical & electronics end-use industry is also expected to drive the market for flame retardant chemicals globally.
The key market restraint, for the global flame retardant chemicals market, is the rising environmental concerns, which is increasing the governmental regulation on the production of few flame retardants.
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The global bioplastics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific has been the dominant region in the global flame retardant chemicals market followed by North America. China is accounted as the major producers of flame retardant chemicals due to growing demand from the construction end-use industry. The growing demand for flame retardant chemicals from the packaging and textile industries mainly in countries such as China, India, Japan, has been the driving factor in the region. Asia Pacific region has witnessed high growth in the production of flame retardant chemicals due to high population growth and improving lifestyle. In North America, technological advancement has created opportunities for the global flame retardant chemicals market. The rising production of fire-resistant materials has been the driving factor for the growth of the global flame retardant chemicals market in Europe. Latin America and Africa flame retardant chemicals market is expected to grow during the forecast period due to increasing demand from various end-use industries.
By End-Use Industry
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