Flame Retardant Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
Flame retardant market will exhibit a CAGR of 5.9% and reach USD 11,175.9 million by the end of
2027, and the market value as per 2019 was USD 7,091.2 million.
Fortune Business Insights, titled, “Flame Retardant Market Size, Share & Industry Analysis, By
Chemistry (ATH, Brominated, Antimony Oxides, Chlorinated, Phosphorous
Compounds, and Others), By End User (Automotive, Construction, Wire &
Cable, Electrical & Electronics, Textile, and Others), and Regional
Forecast, 2020-2027,”.
Flame
retardant market Drivers
and Restraints :
The
imposition of stringent regulations on fire safety stands as a significant
flame retardant market growth driver. This, coupled with the rising consumption
of brominated compounds in products, will also aid in the expansion of the
market. Additionally, the development of innovative and effective synergists
will boost the market in the coming years.
However,
the rising health and environmental concerns that imposed restrictions on the
use of conventional fire retardant products may hamper the market growth.
Nevertheless, the imposition of fire safety norms has propelled various
end-user product manufacturers to utilize flame retardants in their products,
thereby creating lucrative growth opportunities for the market in the coming
years.
List of Significant Manufacturers flame retardant market are:
·
Thor (UK)
·
Italmatch Chemicals S.p.A. (Italy)
·
Huber Engineered Materials (United
States)
·
Kisuma Chemicals (Netherlands)
·
Nabaltec AG (Germany)
·
Dow (United States)
·
Akzo Nobel N.V. (Netherlands)
·
BASF SE (Germany)
·
ICL Group (Israel)
·
Lubrizol Corporation (United States)
·
Clariant (Switzerland)
·
LANXESS (Germany)
·
Others
To gain
more insights into the market with a detailed table of content and figures,
Click Here: https://www.fortunebusinessinsights.com/flame-retardants-market-102909
Some of the key industry developments in the flame retardant market Include:
September 2020 – A leading producer of bromine and
bromine-based products called ICL Group is increasing its production capacity
by 50% for applications in the automotive industry.
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