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The flame retardants chemicals market size is forecast to increase by USD 2.67 billion at a CAGR of 5.97% between 2023 and 2028. The market is witnessing significant growth due to the rise in infrastructure development in various sectors, including construction and electronics, which necessitates the use of flame retardant materials. Additionally, the emergence of environmentally friendly flame retardants is gaining traction as regulatory bodies impose stringent regulations on the use of traditional flame retardants due to environmental and health concerns. These concerns stem from the release of toxic gases during the combustion of flame retardant materials. The market is expected to continue its growth trajectory, driven by these factors, as well as increasing demand for fire safety in various applications.
The market in the building and construction industry is driven by stringent fire safety laws and regulations. These chemicals are extensively used in various applications such as construction materials, insulation, flooring, coatings, cables, and building standards. The use of flame retardants ensures the safety of structures and reduces the risk of fires. However, the use of certain harmful chemicals like bromine in flame retardants has raised concerns regarding their environmental impact and sustainability. Persistent organic pollutants (POPs) and their impact on ecosystems are a major concern. Local building authorities and manufacturing industries are focusing on the development of eco-friendly alternatives to traditional flame retardants.
Rapid urbanization and infrastructure development projects, electric vehicles (EVs), and renewable energy systems are also contributing to the growth of the flame retardants chemicals market. Antimony oxides and FR1025 are some of the commonly used flame retardant chemicals in the industry. The chemistry behind flame retardants plays a crucial role in their effectiveness, and ongoing research continues to improve their properties and reduce their environmental impact.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The halogen segment is estimated to witness significant growth during the forecast period. The Flame Retardants Chemicals Market plays a crucial role in ensuring fire safety in various sectors, including construction, telecommunications, energy, and transportation. Fire safety laws mandate the use of flame retardants in construction materials such as insulation, flooring, and coatings, as well as in wires and cables. Bromine and chlorine-based flame retardants have been widely used due to their effectiveness in reducing the flammability of materials. However, concerns over the harmful effects of these chemicals on human health and the environment have led to the development of regulation limits and the promotion of environmentally friendly options. The construction industry is a significant consumer of flame retardants, with local building authorities enforcing strict fire performance standards.
The rapid urbanization and infrastructure development projects require the use of flame retardants in combustible materials like textiles, plastics, and electronics. In the telecommunications sector, flame retardants are essential for the safety of buildings, housing servers, and other critical infrastructure. The energy sector's shift towards renewable energy systems and electric vehicles (EVs) is also driving the demand for flame retardants. These systems and vehicles contain large batteries, which are potential fire hazards. Flame retardants help mitigate the risk of fires and ensure the safety of ecosystems and wildlife. Manufacturing processes also require flame retardants to prevent fires and meet regulatory requirements.
Despite their benefits, flame retardants can have adverse health effects, including neurological and developmental issues and endocrine disruption. Persistent organic pollutants, a byproduct of some flame retardants, can accumulate in the environment and harm ecosystems. Therefore, it is essential to promote sustainable and eco-friendly alternatives to traditional flame retardants. Dow Corning, a leading company in the industry, is investing in research and development to create innovative, safe, and sustainable flame retardant solutions.
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The Halogen segment was valued at USD 3.08 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 72% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Fire & safety regulations continue to drive the growth of the flame retardant chemicals market. Flame retardant synergists, such as Antimony oxides and Aluminum trihydroxide (ATH), play a crucial role in enhancing the flame retardant properties of various materials. The chemistry behind flame retardants involves the use of Halogenated flame retardants, like Hexabromocyclododecane (HBCD), which function by releasing halogens when heated, inhibiting the combustion process. Consumers' increasing focus on fire safety in building insulation, engineering thermoplastics, circuit boards, and other applications further boosts market demand. However, industrial shutdowns and supply chain disruptions due to the phase-out of certain flame retardants, such as HBCD, pose challenges to market growth.
Flame retardant manufacturers are responding by developing alternative solutions, ensuring the market's continued evolution and expansion.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise in infrastructure development is the key driver of the market. The construction industry's growth over the past decade is noteworthy, with infrastructure development projects, both residential and non-residential, experiencing significant demand. In the US, construction spending reached approximately USD 1,540 billion in May 2021, with private construction spending at around USD 1,200 billion and public spending surpassing USD 300 billion. India's infrastructure sector is also poised for growth, with planned investments amounting to USD 1.4 trillion by 2025. Developing countries like China and India are transitioning into consumer- and services-driven economies, leading to a rise in construction activities. Fire safety has become a critical concern in the construction sector due to increasing fire incidents and stringent fire safety laws.
Furthermore, flame retardants play a vital role in enhancing fire safety in various applications, including construction materials, insulation, flooring, coatings, cables, and wires & cables. These chemicals help reduce the spread of fire and protect human health and the environment. Bromine and chlorine are commonly used flame retardants. However, concerns over the harmful effects of these chemicals on human health and the environment have led to the development of environmentally friendly options. Building standards and regulation limits have become more stringent, requiring manufacturers to adopt sustainable and eco-friendly flame retardants. Flame retardants are essential in various applications, such as telecommunications, energy, and electric vehicles (EVs).
Moreover, they are used in renewable energy systems, combustible materials, textiles, plastics, and other industries. Rapid urbanization and infrastructure development projects necessitate the use of flame retardants in construction materials to ensure fire safety and comply with local building authorities' fire performance standards. Environmental protection and sustainability are crucial factors in the flame retardants chemicals market. Persistent organic pollutants (POPs) and their adverse effects on ecosystems and wildlife have raised concerns. Flame retardants can contribute to POPs if not disposed of properly. Therefore, manufacturers are focusing on developing flame retardants with minimal environmental impact and exploring alternative, non-toxic options. Neurological and developmental issues, endocrine disruptors, and other health effects associated with some flame retardants have raised concerns.
The emergence of environmentally friendly flame retardants is the upcoming trend in the market. The construction industry's adherence to fire safety laws has led to an increased demand for flame retardant chemicals in various applications, including insulation, flooring, coatings, cables, and building materials. Fire performance standards and regulation limits have driven the market for flame retardants, with a focus on environmentally friendly options that do not contain harmful chemicals such as bromine and chlorine. The use of these chemicals has raised concerns regarding their impact on human health, particularly neurological and developmental issues, as well as their role as persistent organic pollutants and potential harm to ecosystems. In response, there is a growing trend towards the adoption of halogen-free flame retardants derived from renewable sources.
Furthermore, this shift is driven by the need for sustainability in the building and construction sector, as well as in telecommunications, energy, and infrastructure development projects. Rapid urbanization and the rise of electric vehicles (EVs) and renewable energy systems have further fueled the demand for flame retardants in combustible materials such as textiles, plastics, and wires & cables. Dow Corning, a leading player in the industry, is at the forefront of developing and manufacturing bio-based polypropylene, a sustainable alternative to traditional flame retardants.
The environmental and health concerns caused by flame retardants is a key challenge affecting the market growth. Flame retardants are essential chemicals used in various applications to enhance fire safety, particularly in construction materials such as insulation, flooring, coatings, cables, and wires & cables. However, these chemicals often contain harmful substances like bromine and chlorine, which can pose health risks to humans, including neurological issues, developmental problems, and endocrine disruption. Moreover, these chemicals can bioaccumulate in human bodies and cause long-term chronic health problems. Regulatory bodies, including the Bromine Science and Environmental Forum (BSEF) and the Environmental Protection Agency (EPA), have imposed restrictions on the use of halogen-containing flame retardants due to their adverse effects on the environment and living beings.
Furthermore, in Europe, regulations such as REACH, Waste Electrical and Electronic Equipment (WEEE), and RoHS have banned the use of toxic and flammable substances. The construction industry, telecommunications, energy, and infrastructure development projects, including electric vehicles (EVs) and renewable energy systems, use flame retardants extensively. However, the industry is shifting towards environmentally friendly options to mitigate health and environmental concerns. Wildlife and ecosystems are also affected by the use of combustible materials and flame retardants in textiles, plastics, and other applications. Therefore, it is crucial to adhere to fire performance standards and regulation limits to ensure sustainability and protect human health. Dow Corning, a leading player in the flame retardants chemicals market, is investing in research and development of eco-friendly alternatives to meet the evolving industry demands.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Kafrit Industries 1993 Ltd. - The company offers flame retardant chemical solutions such as CONSTAB flame retardants.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market in the building and construction industry is driven by stringent fire safety laws and regulations. These regulations mandate the use of flame retardants in various applications such as construction materials, insulation, flooring, coatings, cables, and wires & cables to meet fire performance standards. Bromine and chlorine-based flame retardants are commonly used due to their high efficiency in preventing fires. However, concerns over the harmful effects of these chemicals on the environment and human health have led to the development of environmentally friendly options. The construction, telecommunications, energy, and infrastructure development sectors are major consumers of flame retardants.
Furthermore, rapid urbanization and infrastructure development projects are expected to boost market growth. The use of flame retardants in textiles, plastics, and electrical components in electric vehicles (EVs) and renewable energy systems is also increasing. Local building authorities and regulation limits are setting strict guidelines for the use of flame retardants to ensure safety and sustainability. Persistent organic pollutants, such as brominated and chlorinated flame retardants, are known to harm ecosystems and pose health risks, including neurological issues and developmental issues. Endocrine disruptors are another concern, as some flame retardants have been found to interfere with hormonal systems. Manufacturing processes and the use of flame retardants in various applications are under scrutiny for their impact on the environment and human health. The industry is responding with innovation and the development of new, safer alternatives. Dow Corning, for instance, offers a range of flame retardant solutions that are sustainable and meet regulatory requirements.
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Market Scope |
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Report Coverage |
Details |
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Page number |
189 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.97% |
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Market growth 2024-2028 |
USD 2.67 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.28 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 72% |
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Key countries |
China, US, Germany, India, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ADEKA Corp., Akzo Nobel NV, Albemarle Corp., BASF SE, Clariant International Ltd., Dow Chemical Co., Frank Beirne Fabrics, ICL Group Ltd., Intochemicals BV, Italmatch Chemicals Spa, J.M. Huber Corp., Kafrit Industries 1993 Ltd., Lanxess AG, Nabaltec AG, NEWOS GmbH, PENGG KABEL GmbH, Perimeter Solutions LP, PHARMORGANA GmbH, Stahl Holdings B.V., and Wego Chemical Group Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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