The global non-halogenated flame retardant chemicals market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing customer demand for electronic and electrical products across the globe.
Non-halogenated flame retardants are compounds that are utilized in various materials such as plastics, textiles, and coatings in order to inhibit the spread of fire. Flame retardants are added to the base materials to create less warmth. It is utilized to prompt fire retardancy properties in textiles and polymers. They are generally used across the transportation, electrical, and construction industries. These added compounds discharge less warmth and produce less smoke. Non-halogenated flame retardants advance natural sustainability as it has excellent smoke suppressant properties and they are cost-effective. Phosphorous, aluminum hydroxide, bromine, and chlorine-based non-halogenated flame retardants are frequently used halogen-free flame retardants.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for epoxy resins for high-quality coatings coupled with rapid industrial progress is estimated to propel the market growth.
- Non-halogenated flame retardants are less hazardous in comparison to other flame retardants, which is estimated to act as a major factor for the growth of the market.
- The non-suitability of hydroxides to high temperatures can restrain the market growth.
- High cost of raw materials and delay in supply can hamper the growth of the market.
- Rising awareness for eco-friendly flame retardants can create lucrative opportunities during the forecast period.
Scope of the Report
The report on the global non-halogenated flame retardant chemicals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Non-halogenated Flame Retardant Chemicals Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Inorganic [Magnesium Hydroxide, Aluminum Hydroxide, and Boron Compounds], Nitrogen, Phosphorus, and Others), End-users (Buildings & Construction, Electrical & Electronics, Transportation, and Textiles & Furniture)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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BASF SE; Huber Engineered Materials; ICL; and Nabaltec AG
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Non-halogenated Flame Retardant Chemicals Market Segment Insights
Inorganic segment to account a significant market share
Based on types, the market is segregated into inorganic, nitrogen, phosphorus, and others. The inorganic segment is further categorized as magnesium hydroxide, aluminum hydroxide, and boron compounds. The inorganic segment is expected to constitute a key share of the market during the forecast period due to high usage in polymers, fiber-reinforced polymer, and rubber. It is an cost-effective and excellent smoke suppressant. Aluminum hydroxide has been generally utilized in combustible polymer materials owing to its low cost, solid smoke concealment impact, and eco-friendly nature.
Buildings & construction segment is anticipated to exhibit a high CAGR
In terms of end-users, the global non-halogenated flame retardant chemicals market is divided into buildings & construction, electrical & electronics, transportation, and textiles & furniture. The buildings & construction segment is projected to expand at a considerable CAGR during the forecast period. Household fires are one of the major reasons for the loss of human life. Non-halogenated fire retardants are utilized in building materials and items, essentially for severe fire security guidelines. In buildings, fire retardants are significantly utilized in structural insulation. Insulations are utilized in homes and commercial buildings, in order to maintain comfortable temperatures, while saving energy.
Europe to hold a major market share
On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to constitute a key share of the market during the forecast period due to presence of robust automotive, construction, and electrical and electronics industries. The Germany electronic industry is the Europe's most prominent market. The electrical and electronics industry accounts for around 3% of the nation's GDP.
Segments
Segments Covered in the Report
The global non-halogenated flame retardant chemicals market is segmented on the basis of:
Types
- Inorganic
- Magnesium Hydroxide
- Aluminum Hydroxide
- Boron Compounds
- Nitrogen
- Phosphorus
- Others
End-users
- Buildings & Construction
- Electrical & Electronics
- Transportation
- Textiles & Furniture
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- BASF SE
- Huber Engineered Materials
- ICL
- Nabaltec AG
Competitive Landscape
The key players competing in the non-halogenated flame retardant chemicals market are BASF SE; Huber Engineered Materials; ICL; and Nabaltec AG.
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