Market Size of Non-Halogenated Flame Retardant Chemicals Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Europe |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Non-Halogenated Flame Retardants Chemicals Market Analysis
The market for non-halogenated flame-retardant chemicals is expected to grow at a CAGR of over 5% during the forecast period. Major factors driving the market studied are the increasing consumer demand for electrical & electronic products across the world. The non-suitability of hydroxides to high temperatures may hinder the market.
- Environmental and health concerns regarding brominated and other flame retardants are also expected to drive the market during the forecast period.
- Increasing legislation banning of halogenated flame retardants is likely to act as an opportunity in the future.
- Europe is expected to dominate the market across the globe. While, Asia-Pacific region is likley to witness the fastest growth during the forecast period.