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.
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.
Attributes |
Details |
Report Title |
Non-halogenated Flame Retardant Chemicals Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Inorganic [Magnesium Hydroxide, Aluminum Hydroxide, and Boron Compounds], Nitrogen, Phosphorus, and Others), End-users (Buildings & Construction, Electrical & Electronics, Transportation, and Textiles & Furniture) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
BASF SE; Huber Engineered Materials; ICL; and Nabaltec AG |
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.
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.
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 Covered in the Report
The global non-halogenated flame retardant chemicals market is segmented on the basis of:
Types
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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