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Flame Retardants MarketFlame Retardants Market Key Players:
Flame Retardants Market are: BASF SE (Germany), Albemarle Corporation (US), Chemtura Corporation (US), The Dow Chemical Co (US), Clariant International Ag (Switzerland), Akzo Nobel NV (Netherlands), China Antimony Chemicals Co. Ltd (China) and others.
Flame Retardants Market Overview:
Flame Retardants are estimated to witness a healthy growth at a CAGR of 5.86 % during the forecast period of 2018 and 2022. Flame Retardants Market are chemicals added to materials, such as plastics, textiles, coatings, and others to prevent or retard ignition and increase their fire safety.
Flame Retardants are chemicals which are added to many materials to increase their fire safety it has reduced the devastating impact of fires on people, property and the environment. They are added to or treat potentially flammable materials, including textiles and plastics.
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Increasing in demand of plastic Industry and new regulation to improvement safety towards are the main drivers of flame retardants market. In addition, Flame retardants has a toxicity issue at the time of flame retardant production process which could affect the market near future.
Enactment of regulations such as the proposed TB 117 by California in 2013, which require fabric, covered furniture to meet a smoulder test and to eliminate the foam flammability standards has resulted in a rush to include flame retardants in furniture.
Flame Retardants Market Application:
Flame Retardants are found in various applications such as plastics, fabrics, cable and wires, polyurethane foam, and others. Increasing in demand for building and construction, electronics and transportation industries will boost the market of flame retardants. Substitutes such as magnesium hydroxide (MDH) for flame retardants might hamper the global flame-retardant market. Increasing in demand of plastic Industry and new regulation to improvement safety towards are the main drivers of flame retardants market. In addition, Flame retardants has a toxicity issue at the time of flame retardant production process which could affect the market near future.
Flame Retardants are coatings used for protection from hazardous impact of fires on human beings, equipment and environment. It has excellent recyclable and thermal resistant properties. The market has driven by the growing consumption of fire resistant materials in electrical & electronics and automotive industries. These factors have led the major manufacturers and investors to adopt these materials in end-use industries. The market is forecasted to demonstrate a stunning growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2018 – 2022).
Flame Retardants Market Segmentation:
Flame Retardants Market is majorly segmented on the basis of types, application, end users and region. Based on types of flame retardants market is segmented into brominated, phosphorus, nitrogen, chlorinated, metal hydrate and others. Based on application of flame retardants the market is segmented into plastics, fabrics, cable and wires, polyurethane foam, and others. Based on end user the market segmented into transportation, packaging industry, military & aerospace industry, building & construction, electronics, and others.
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Flame Retardants Market Regional Analysis:
Asia Pacific is the largest market of flame retardants due to demand in various applications such as plastics, fabrics, cable and wires, polyurethane foam, and others followed by increasing the growth of flame retardants market in North America region. The third largest market of flame retardants is Europe. Latin America and Middle East also witnessed in growth of flame retardants market due to various application such as transportation, packaging industry, military & aerospace industry, building & construction, electronics, and others.
Flame Retardants Market Competitive Landscape:
Flame Retardants Market has observed a significant growth in the market due presence of major industries such as Albemarle, ICL, Chemtura, Clariant, Ital match Chemicals, Huber Engineered Materials, BASF SE, Thor Group Ltd., Lanxess AG and DSM. These players compete with each other’s on quality, price, and composition. They are widely used in construction, oil & gas industries as it provides thermal resistance and safety to the product. The continuous innovation and technological advancement have boosted the fire-resistant materials in the market.
Flame Retardants Market Table of Content to be Continue…….,
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