The global non-halogenated flame retardant chemicals market was estimated at USD 1,424.14 million in 2016. This market is projected to reach USD 2,145.68 million by 2022, at an estimated CAGR of 7.18% during the forecast period (2017-2022).
Flame retardant chemicals are additive used to increase fire resistance of materials when they are exposed to ignition or fire spread. Non-halogenated flame retardant chemicals are based on aluminum, magnesium, boron, antimony-based oxides and hydroxides, phosphorus, nitrogen, etc. These chemicals are environment-friendly as compared to halogenated flame retardant chemicals, and can be used in polymers as an additive to increase the fire resistance. These are used in various end-user applications in building insulation, electronics, automotive and textiles.
The demand for non-halogenated flame retardants is driven by the rapid growth of infrastructure in the emerging economies and increasing consumer demand for electrical & electronic products across the world. Moreover, the environmental and health concerns regarding halogenated flame retardants will also drive the market. The high raw material cost and non-suitability of hydroxides to high temperature may pose as restraints to this market. However, the market offers several opportunities, such rising awareness for eco-friendly flame retardants, legislation for ban on halogenated flame retardants and active R&D on flame retardants.
The global non-halogenated flame retardant chemicals market has been segmented, based on type and industry application. By type, the market has been segmented into inorganic, nitrogen, phosphorus and others. By industry application, the market has been segmented into building & construction, electrical and electronics, transportation, and textiles & furniture.
The market has also been segmented based on geography into Asia-Pacific, North America, Europe, South America, and Middle East and Africa. In 2016, North America led the market with a share of 38.52%, followed by Europe and Asia-Pacific.
Furthermore, shifting focus toward the adoption of environment-friendly flame retardants and active R&D into non-halogenated flame retardants will offer numerous opportunities for the growth of the market. Some of the major players dominating the market are –
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