Overview of the global halogen-free flame retardant chemicals market

According to Technavio’s analyst, the global halogen-free flame retardant chemicals market is anticipated to grow at a steady rate and will post a CAGR of more than 8% during the forecast period. The growing demand for phosphorus-based flame retardants will drive the growth prospects for the global halogen-free flame retardant chemicals market until the end of 2021. The phosphorus-based flame retardants are halogen-free chemicals that are non-toxic and eco-friendly in nature. Also, REACH, the Restriction of Hazardous Substances (RoHS), WEEE, and NAFRA have imposed regulations in Europe and North America to use halogen-free chemicals, which will further propel the global halogen-free flame retardant cable and chemicals market to grow at a significant rate. Some of the major end users responsible for the growing demand for phosphorus-based flame retardants, halogen-free flame retardant chemicals, and flame retardant additives include the construction, transportation, electrical and electronics, and wires and cables, and textile industries.

In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the market’s growth in the region is the infrastructural development and favorable economic conditions.

Competitive landscape and key vendors

The global halogen-free flame retardant chemicals market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that these vendors are increasingly competing against each other based on factors such as innovations, price, and quality of the product. Also, vendors with better financial, technological, and other resources will be able to withstand changes and adapt to different market conditions. Furthermore, vendors who offer products at lower prices are expected to capture more market share.

 Key vendors in this market are -

• Clariant
• J.M. Huber
• ICL
• LANXESS
• Nabaltec

Other prominent vendors in the market include BASF, Chemtura, Delamin, Italmatch Chemicals, and Thor.

Segmentation by type and analysis of the halogen-free flame retardant chemicals market

• Aluminum hydroxide
• Phosphorus-based

The aluminum hydroxide flame retardant chemicals segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the market segment's growth includes various properties of an aluminum hydroxide such as halogen free, nontoxic, inexpensive, decomposable at 230°C, and abilities to absorb a significant amount of heat, suppress smoke, and its use as fillers in various materials. Also, some of the common application areas of aluminum hydroxide flame retardants include cables, flame retardant wires, rubber products, carpet backing, electrical arcing, and others.

Segmentation by end user and analysis of the halogen-free flame retardant chemicals market

• Textile
• Transportation
• Wires and cables
• Electrical and electronics
• Building and construction

The global halogen-free flame retardant chemicals market for the building and construction industry accounted for the majority market share during 2016 and will continue to dominate the market during the forecast period. The halogen-free flame resistant chemicals are increasingly used in the building and construction segment for structural insulation and structural elements.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global halogen-free flame retardant chemicals market?
• What are the key market trends impacting the growth of the global halogen-free flame retardant chemicals market?
• What are the challenges to market growth?
• Who are the key vendors in the global halogen-free flame retardant chemicals market?
• What are the market opportunities and threats faced by the vendors in the global halogen-free flame retardant chemicals market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global halogen-free flame retardant chemicals market?

Technavio also offers customization on reports based on specific client requirement.

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