-- Non-Halogenated Flame Retardants Market in construction industry is generating a substantial momentum worldwide. Statistics depict that the overall construction spending will cross over USD 13 trillion by 2023, a prime factor that will be responsible for non-halogenated flame retardants market growth, particularly across BRICS nations. Polymers amalgamated with chemically linked adhesives are extensively utilized as base materials in buildings, switchboard, wires, and cables to suppress fire.
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Non-Halogenated Flame Retardants Market in polyolefins applications in the forthcoming years are projected to witness an appreciable growth at 7% CAGR over the forecast period. Rapid industrial growth has led to an increasing demand for high-quality coatings, which substantially escalates non-halogenated flame retardants market demand from epoxy resin application. As per estimates, this application is forecast to witness gains at around 7% CAGR over 2016-2024. Worldwide consumption of polyolefins has significantly increased lately, which is leaving a subsequent impact on non halogenated flame retardants market. Halogen free polyolefins including LDPE, PE, PP, EVA, LLPE, and MDPE are widely deployed in the manufacturing of electric wires and cables and also in transportation and construction sector.
Europe Non-Halogenated Flame Retardants Market size by phosphorous based retardants is expected to generate demand exceeding 120 kilo tons by 2024. Aluminum hydroxide is expected to grow over 8% by 2024, subject to wide application in industries including electronics, construction and electrical equipment. North America non halogenated flame retardants market size, led by U.S., will surpass USD 1.3 billion in 2015. Federal government guidelines laid down by the Environment Protection Agency will stimulate sales of bio based products and limit brominated and chlorinated fire suppressors demand. In 2015, North America electrical industry used more than 100 kilos ton fire suppressants.
Middle East non-halogenated flame retardants market share will witness growth over 9% by 2024 owing to large scale infrastructural development coupled with stringent regulations towards safeguarding construction activities. Asia Pacific non halogenated flame retardants industry is set to exceed USD 800 million by 2024, subject to rapid growth in construction industry. China accounted for over 40% of construction sector in the region in 2015. Latin America transportation industry witnessed demand surpassing 3 kilo tonnes by 2015 and will grow significantly over the forecast period. Notable industry participants including Albermarle, Nabaltec, BASF, Israel Chemicals, Clariant, Chemtura, Italmatch Chemicals, and Huber.
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Non-halogenated flame retardants market share from polyolefins is set to grow over 7% by 2024. Halogen free polyolefins include PP, LDPE, PE, LLDPE, EVA and MDPE. They are primarily used in electric cables & wires, construction and transportation sectors. Market share from epoxy resins applications will witness significant growth of over 7% by 2024. Increasing epoxy resin demand utilized for high quality coatings coupled with rapid industrial growth will propel the non-halogenated flame retardants market.
Glimpse of Table of Content (ToC)
Chapter 3 Non Halogenated Flame Retardants Industry Insights
3.1 Industry Segmentation
3.2 Non-halogenated flame retardants market Size and forecast, 2013 – 2024
3.3 Non-halogenated flame retardants market ecosystem analysis
3.4 Non-halogenated flame retardants market Impact forces
3.4.1 Growth drivers
3.4.1.1 Positive regulatory outlook
3.4.1.2 Increasing plastic/polymers demand from transportation industry
3.4.1.3 Rising infrastructure and construction spending
3.4.2 Industry pitfalls & challenges
3.4.2.1 Performance deficiency against halogenated flame retardants
3.5 Growth potential analysis
3.5.1 Growth potential analysis – Non halogenated flame retardants
3.5.1.1 Nanotechnology adoption for product development
3.5.1.2 Rising electrical industry market penetration in APAC
3.6 Porter’s analysis
3.7 Non Halogenated Flame Retardants – Company Market Share Analysis, 2015
3.8 PESTEL analysis
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