Flame Retardants Market size was valued at US$ 8.15 Bn. in 2022 and the total revenue is expected to grow at 4.75% CAGR through 2023 to 2029, reaching nearly US$ 11.28 Bn.
Flame Retardants Market Overview:
The purpose of this research is to offer an overview of the Flame Retardants industry as well as thorough market segmentation by segments and geographies. The study includes vital information on the market positions of the top Flame Retardants organizations, as well as major industry trends and possibilities.
The analysis also includes information on the top industry players in the Global Flame Retardants market, such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study investigates market trends, volume, and value at the global, regional, and corporate levels. This research looks at the whole Flame Retardants Market Size from a global perspective, analyzing historical data and creating estimates.
Market Scope:
Following the completion of market engineering, which comprised market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to obtain information and verify and validate important numbers. To acquire market assessment and forecasts for the overall market segments and sub-segments presented in the Flame Retardants market study, both top-down and bottom-up methodologies, as well as many data triangulation methods, were frequently employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all facts obtained over the whole market engineering process in order to provide essential information throughout the report.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
Segmentation:
By End user
Building and construction, wire and cables, automotive, electrical & electronics, plastic manufacturing, textiles & furniture, and others are the different market segments for flame retardants. The electrical and electronics sector has the largest market share and is anticipated to expand most quickly in the next years. Flame retardant chemicals are used in the industry to reduce risks in order to abide by the relevant laws and regulations. In particular in developing nations like Asia Pacific, the electrical and electronics sector has profited from increased literacy rates, disposable income, and living standards.
By Application
The Flame Retardants market is divided into Polyolefin, Epoxy resin, UPE, PVC, ETP, and Rubber segments based on industry. In 2022, the epoxy resins market category will hold the biggest market share. They are used in a range of composite materials, coatings, and adhesives that are used in the building and construction industries. One of the most typical applications for epoxy resins is projected to be building and construction, which includes buildings for commercial, public, and domestic purposes. The fastest rate of growth is anticipated for polyolefin during the projection period. Construction, as well as the electrical and electronic industries, employ polyolefin extensively.
1 Flame Retardants Market, by Product (2022-2029)
• Non-Halogenated Flame Retardant Chemicals
• Halogenated Flame Retardant Chemicals
2 Flame Retardants Market, by End-User (2022-2029)
• Building and Construction
• Wire and cable
• Automotive
• Electrical & Electronics
• Plastic Manufacturing
• Textiles & Furniture
• Others
3 Flame Retardants Market, by Application (2022-2029)
• Polyolefin
• Epoxy Resin
• UPE
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Key Players:
Acquisitions, partnerships, and collaborations were among the inorganic growth strategies mentioned in the industry. Industry participants in the Flame Retardants market are expected to profit from strong future growth possibilities due to rising demand. The following are a few firms involved in the global Flame Retardants industry.
1. Albemarle
2. ICL
3. Chemtura
4. LANXESS
5. Clariant International Ltd.
6. Jiangsu Jacques Technology Co. Ltd
7. Italmatch Chemicals
8. Huber Engineered Materials
9. BASF
10.Thor Group Ltd.
11.DSM
12.FRX Polymers
13.Nabaltec AG
14.Delamin
15.Dupont
16.Akzo Nobel N.V.
17.J.M. HUBER CORPORATION
18.DIC CORPORATION
19.MPI Chemie B.V.
20.Nano Technologies Inc.
21.RTP Company
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Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Flame Retardants market in these regions.
COVID-19 Impact Analysis on Flame Retardants Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Flame Retardants market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Flame Retardants Market Report are:
- What will be the Flame Retardants market's CAGR throughout the projected period?
- Which market category emerged as the market leader in the Flame Retardants industry?
- Who are the key players in the Flame Retardants market?
- How big will the Flame Retardants market be in 2027?
- Which firm had the biggest market share in the Flame Retardants industry?
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