Market Size of Flame Retardant Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Flame Retardant Chemicals Market Analysis
The flame retardant chemicals market is projected to register a CAGR greater than 4% during the forecast period.
COVID-19 negatively impacted the market in 2020. However, the construction industry is recovering fast and is estimated to rise in the coming years, which will stimulate the demand for the flame retardant chemical market.
- Over the short term, increasing infrastructure activities in Asia-Pacific, a rise in safety standards in building construction, and rising consumer electrical and electronic goods manufacturing are expected to drive the market's growth.
- Environmental and health concerns regarding halogenated flame retardants and the non-suitability of hydroxides for high-temperature applications are expected to hinder the market's growth.
- Rising awareness regarding environment-friendly flame retardants and active R&D into non halogenated flame retardants are expected to act as market oppurtunities.
- Asia-Pacific dominates the market across the world due to the high construction activities in the region.
