The Global Non-halogenated Flame Retardant Market has been estimated at USD 1,931.08 million in 2015 and is projected to reach USD 2,468.61 billion by 2020, at a CAGR of 6.32% during the forecast period from 2015 to 2020. The Global Non-halogenated Flame Retardants market is a fast growing one. Varied materials like polymers are mixed with the flame retardants to protect them and spread of fire in event of an occurrence of fire or spark.
Non-halogenated Flame Retardants are used in a wide variety of applications. They are manufactured by various major companies around the world. The major end user industry is building insulation that includes electric cabling which accounts for nearly thirty percent of the world’s consumption of Non-halogenated Flame Retardants. Other uses include in segments of Automotive, Electrical and Electronics, Textiles and others.
The market is expected to be driven by growing infrastructure in developing countries like China, Russia, Brazil and India. The increasing usage of electrical and electronic consumer goods is also a healthy sign for the Non-halogenated Flame Retardants market. Ban implemented by various nations on halogenated fire retardants and the increasing awareness of customers towards the adverse effects of them are major boosters to the growth of the Non-halogenated Flame Retardants market. In addition, several regions like the developed regions of North America and Europe are regulating the use of brominated flame retardants due to its harmful and accumulative effects on living organisms. The market is swiftly moving towards Non-halogenated Flame Retardants from Halogenated Flame Retardants which produce no halogen compounds on combustion to meet the stricter regulations imposed.
The market has also been geographically segmented into APAC, North America, Europe, South America and MEA. In terms of consumption in 2015, APAC led the market. It was followed by Europe and North America. Europe is experiencing a slow pace of growth and North America has become a mature market. This high production and utilization in APAC is driven by a rapid growth in infrastructure that occurred chiefly due to the urbanization in developing countries of China and India.
Company profiles of the major Industrial Coating manufacturers been discussed in this study. These include Akzo Nobel, BASF SE, DuPont, Clariant AG, Lanxess AG, Nippon Carbide and Tosoh Corp. among others.
Key Deliverables in the Study