The APAC non-halogenated flame retardant chemicals market is expected to register a CAGR of around 7% during the forecast period, 2018 to 2023. China accounted for the largest market in 2017. Japan is expected to register the fastest growth during the forecast period.
With the advent of the millennium, most of the developing countries introduced strict fire safety and regulation standards for various household items, like furniture. This led to the development of numerous halogenated flame retardants. However, the check for toxicity levels of such products was neglected. Various studies carried out in the recent years have led to the increasing awareness among consumers and governments, resulting in the ban on various hazardous chemicals. Few halogenated flame retardants used in building insulations were banned owing to the ill effects on the environment. Such bans are negatively affecting the sales of halogenated flame retardants. Therefore, environmental and health concerns regarding brominated and other halogenated flame retardants are expected to drive the non-halogenated flame retardants market.
Non-halogenated flame retardant chemicals are commonly used in building materials to meet the important fire safety standards and codes. Non-halogenated flame retardant chemicals increase the threshold temperature of the material at which it catches fire, and reduce the rate of spreading of fire along with providing the critical escape time required to escape from the surroundings. The stringent building standards and the increase in usage of materials, such as vinyl flooring, foam insulation and plastic roofing, particularly in the developing countries, such as China and India, offer an exciting prospect for the development of the non-halogenated flame retardant chemicals market. Thus, the growth in the construction sector is expected to certainly boost the growth of the Asia-Pacific non-halogenated flame retardant chemicals market during the forecast period.
In 2017, China held the highest market share, accounting for a major chunk of the Asia-Pacific market. China is one of the major countries in Asia-Pacific, with ample construction activities being supported by the growing economy. Despite the volatile growth in real estate sector, the significant development of rail and road infrastructure by the Chinese government to withstand the growing industrial and service sectors has resulted in a significant growth of the Chinese construction industry in the recent years. As the construction industry is dominated by state-owned enterprises, the increased government spending is boosting the industry in the country. Apart from that, the growing electronics and transportation industry in the country are also expected to propel the demand for non-halogenated flame retardant chemicals during the forecast period.
Major Players: BASF SE, CHALCO Shandong Advanced Material Co., Ltd, Clariant, LANXESS, Sumitomo Chemical Co., Ltd., and Jiangsu Yoke Technology Co., Ltd., among others.
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Raw Material Analysis
4. Market Dynamics
4.1.1 Environmental and Health Concerns Regarding Brominated and Other Flame Retardant Chemicals
4.1.2 Increasing Infrastructure Activities in the Region
4.1.3 Rising Consumer Electrical and Electronic Goods Manufacturing
4.2.1 Non-suitability of Aluminium Hydroxides in High Temperature Applications
4.2.2 Other Restraints
4.3.1 Shifting Focus Towards the Usage of Environment-Friendly Non-Halogenated Flame Retardants
4.3.2 Active R&D into Non-Halogenated Flame Retardants
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.1.1 Inorganic Compounds
18.104.22.168 Aluminum Hydroxide (ATH)
22.214.171.124 Magnesium Hydroxide
126.96.36.199 Boron Compounds
188.8.131.52 Antimony Oxides
5.2 By End-user Industry
5.2.1 Electrical & Electronics
5.2.2 Buildings & Construction
5.2.4 Textiles & Furniture
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 China (including Taiwan)
6.4 South Korea
6.5 Australia & New Zealand
6.10 Rest of Asia-Pacific
7. Technological Snapshot
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
9.1 ADEKA CORPORATION
9.2 BASF SE
9.3 CHALCO Shandong Advanced Material Co., Ltd
9.5 Daihachi Chemical Industry Co., Ltd.
9.6 DIC CORPORATION
9.8 DSM N.V.
9.9 Hangzhou JLS Flame Retardants Chemical Co., Ltd.
9.10 Huber Engineered Materials
9.12 Italmatch Chemicals S.p.A.
9.13 Jiangsu Yoke Technology Co., Ltd.
9.15 MPI Chemie B.V.
9.16 Nabaltec AG
9.17 NIPPON CARBIDE INDUSTRIES CO., INC.
9.18 RIN KAGAKU KOGYO Co., Ltd.
9.19 RTP Company
9.20 Sumitomo Chemical Co., Ltd.
9.22 The Beaming Co.
9.23 TOR Minerals
*List not exhaustive
**Subject to availability on public domain