Flame Retardants Market Size – By Product Type (Halogenated and Non-Halogenated), By Application (Polyolefins, Epoxy Resins, UPE, PVC, ETP, Rubber, Styrenics and Others), By End-use (Building & Construction, Electrical & Electronics, Transportation, Textiles & Apparel, Aerospace, Consumer Goods, Automotive and Others) & Region – Global Forecasts 2024 - 2034
- PUBLISHED ON
- 2024-10-14
- NO OF PAGES
- 320
- CATEGORY
- Chemicals & Materials
Market Overview
The Flame Retardants market is predicted to develop at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2034, when it is projected to reach USD 16,462.41 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 9,845.59 Million in 2024.
SOURCE: We Market Research
The global flame
retardants market refers to the sector that encompasses the production,
distribution, and utilization of chemical substances and materials designed to
inhibit or resist the spread of fire. Flame retardants are additives used in a
wide range of applications, including construction materials, textiles,
automotive components, electronics, and consumer goods, to enhance fire safety
and meet regulatory requirements.
The global flame
retardants market is a vital segment of the chemical industry, driven by
increasing regulations for fire safety and the growing demand for
fire-resistant materials across various sectors. Flame retardants are additives
used to reduce the flammability of materials and to help prevent or slow the
spread of fire.
The flame
retardants market is expected to witness significant growth in the coming
years. The emphasis on sustainability and safety will likely lead to increased
adoption of non-halogenated flame retardants, as manufacturers seek to comply
with regulatory standards while maintaining product performance. Companies that
innovate and adapt to changing environmental concerns will be well-positioned
to thrive in this dynamic market.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 9,845.59 Million |
|
Market
Forecast in 2034 |
USD 16,462.41
Million |
|
CAGR % 2024-2034 |
7.2% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Product Type,
By Application, By End-use and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Flame Retardants Industry: Dynamics & Restrains
Market opportunity:
We Market
Research: Flame Retardants Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Flame Retardants Segmentation
Market- By Product Type Analysis
By Product Type, the Flame Retardants market is categories into Halogenated and Non-Halogenated. Green Ethylene segments dominate the market with the largest share, accounting for over 60% of the market in 2023. This is largely due to their effectiveness in preventing fire and their widespread use in various applications, particularly in textiles, electronics, and construction materials. Increased regulations and public awareness about the environmental and health risks associated with halogenated compounds are leading to a gradual decline in their use.
The
following segments are part of an in-depth analysis of the global Flame
Retardants market:
|
Market Segments |
|
|
By Product
Type |
·
Halogenated o
Brominated o
Chlorinated Phosphates o
Antimony Trioxide o
Others ·
Non-Halogenated o
Aluminum Hydroxide o
Magnesium Dihydroxide o
Phosphorus Based o
Others |
|
By Application |
·
Polyolefins ·
Epoxy Resins ·
UPE ·
PVC ·
ETP ·
Rubber ·
Styrenics ·
Others |
|
By End-use |
·
Building & Construction ·
Electrical & Electronics ·
Transportation ·
Textiles & Apparel ·
Aerospace ·
Consumer Goods ·
Automotive ·
Others |
Flame Retardants Industry: Regional Analysis
Asia Pacific Market Forecast
Asia Pacific dominates the global Flame Retardants market, accounting for around 36% of the market share in 2023. The Asia-Pacific region is the fastest-growing market, accounting for the largest share of flame retardants due to rapid industrialization, urbanization, and rising construction activities. Countries like China and India are significant contributors to market growth, with increasing demand in automotive, textiles, and electronics.
Europe Market Statistics
Europe is known
for its strong focus on environmental regulations and sustainable practices,
driving the demand for non-toxic flame retardants. The market is supported by
stringent regulations like REACH (Registration, Evaluation, Authorisation and
Restriction of Chemicals), which affect the use of certain flame retardants.
The construction and automotive sectors are significant consumers of flame
retardants in the region.
North America Market Forecasts
North America
holds a significant share of the flame retardants market due to stringent fire
safety regulations and standards, particularly in construction and automotive
industries. The presence of major manufacturers and continuous innovation in
flame retardant formulations contribute to market growth. The region is
increasingly shifting towards non-halogenated flame retardants due to
environmental concerns.
Middle East & Africa Market Statistics
The MEA region
is relatively small in terms of market share but is gradually expanding due to
increasing construction activities and industrial growth. The adoption of flame
retardants in the oil and gas sector, along with growing awareness of fire
safety, is driving demand. Regulatory frameworks are still developing, impacting
the growth rate in this region.
Key Market Players
The Flame Retardants Market is dominated by a few
large companies, such as
·
BASF SE
·
Clariant AG
·
Huntsman Corporation
·
Israel Chemicals Limited (ICL)
·
Albemarle Corporation
·
DuPont de Nemours, Inc.
·
Arkema S.A.
·
Solvay S.A.
·
Dow Chemical Company
·
Ferro Corporation
·
Nabaltec AG
·
Shanghai Pret Composites Co., Ltd.
· Jiangsu Kuaima Chemical Co., Ltd.
1.
Global
Flame Retardants Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Flame Retardants Market
Scope and Market Estimation
1.2.1. Global Flame Retardants Overall
Market Size (US$ Bn) and Volume (Tons), Market CAGR (%), Market forecast (2024
- 2034)
1.2.2. Global Flame Retardants Market
Revenue Share (%) and Volume Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Product Type of Global Flame
Retardants Market
1.3.2. Application of Global Flame
Retardants Market
1.3.3. End-use of Global Flame
Retardants Market
1.3.4. Region of Global Flame
Retardants Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Limitations
2.5.3. Opportunities
2.5.4. Impact Analysis of Drivers and
Restraints
2.6. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.7. Cost Tear Down Analysis
2.8. Key Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
2.13. Production Process Overview
3.
Global Flame Retardants Market Estimates & Historical Trend Analysis (2019 - 2023)
4.
Global Flame Retardants Market Estimates & Forecast Trend Analysis, by
Product Type
4.1. Global Flame Retardants Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Product Type, 2019
- 2034
4.1.1. Halogenated
4.1.1.1.
Brominated
4.1.1.2.
Chlorinated
Phosphates
4.1.1.3.
Antimony
Trioxide
4.1.1.4.
Others
4.1.2. Non-Halogenated
4.1.2.1.
Aluminum
Hydroxide
4.1.2.2.
Magnesium
Dihydroxide
4.1.2.3.
Phosphorus
Based
4.1.2.4.
Others
5.
Global Flame Retardants Market Estimates & Forecast Trend Analysis, by
Application
5.1. Global Flame Retardants Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Application, 2019
- 2034
5.1.1. Polyolefins
5.1.2. Epoxy Resins
5.1.3. UPE
5.1.4. PVC
5.1.5. ETP
5.1.6. Rubber
5.1.7. Styrenics
5.1.8. Others
6.
Global Flame Retardants Market Estimates & Forecast Trend Analysis, by
End-use
6.1. Global Flame Retardants Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by End-use, 2019 -
2034
6.1.1. Building & Construction
6.1.2. Electrical & Electronics
6.1.3. Transportation
6.1.4. Textiles & Apparel
6.1.5. Aerospace
6.1.6. Consumer Goods
6.1.7. Automotive
6.1.8. Others
7.
Global Flame Retardants Market Estimates & Forecast Trend Analysis,
by Region
7.1. Global Flame Retardants Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Region, 2019 -
2034
7.1.1. North America
7.1.2. Western Europe
7.1.3. Eastern Europe
7.1.4. Asia Pacific
7.1.5. Middle East & Africa
7.1.6. Latin America
8.
North
America Flame Retardants Market: Estimates & Forecast Trend Analysis
8.1.
North
America Flame Retardants Market Assessments & Key Findings
8.1.1. North America Flame Retardants
Market Introduction
8.1.2. North America Flame Retardants
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
8.1.2.1. By Product Type
8.1.2.2. By Application
8.1.2.3. By End-use
8.1.2.4. By Country
8.1.2.4.1. The U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Western
Europe Flame Retardants Market: Estimates & Forecast Trend Analysis
9.1. Western Europe Flame Retardants
Market Assessments & Key Findings
9.1.1. Western Europe Flame Retardants
Market Introduction
9.1.2. Western Europe Flame Retardants
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
9.1.2.1. By Product Type
9.1.2.2. By Application
9.1.2.3. By End-use
9.1.2.4.
By
Country
9.1.2.4.1.
Germany
9.1.2.4.2.
Italy
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Benelux
9.1.2.4.7.
Nordics
9.1.2.4.8. Rest
of W. Europe
10. Eastern Europe Flame
Retardants Market: Estimates &
Forecast Trend Analysis
10.1. Eastern Europe Flame Retardants
Market Assessments & Key Findings
10.1.1. Eastern Europe Flame Retardants
Market Introduction
10.1.2. Eastern Europe Flame Retardants
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
10.1.2.1. By Product Type
10.1.2.2. By Application
10.1.2.3. By End-use
10.1.2.4. By Country
10.1.2.4.1.
Russia
10.1.2.4.2.
Hungary
10.1.2.4.3.
Poland
10.1.2.4.4.
Balkan & Baltics
10.1.2.4.5. Rest of E. Europe
11. Asia Pacific Flame
Retardants Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Flame Retardants
Market Introduction
11.1.2. Asia Pacific Flame Retardants
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
11.1.2.1. By Product Type
11.1.2.2. By Application
11.1.2.3. By End-use
11.1.2.4. By Country
11.1.2.4.1. China
11.1.2.4.2. Japan
11.1.2.4.3. India
11.1.2.4.4. Australia & New Zealand
11.1.2.4.5. South Korea
11.1.2.4.6. ASEAN
11.1.2.4.7. Rest of Asia Pacific
12. Middle East & Africa Flame
Retardants Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Flame
Retardants Market Introduction
12.1.2. Middle
East & Africa Flame
Retardants Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
12.1.2.1. By Product Type
12.1.2.2. By Application
12.1.2.3. By End-use
12.1.2.4. By Country
12.1.2.4.1. UAE
12.1.2.4.2. Saudi
Arabia
12.1.2.4.3. Turkey
12.1.2.4.4. South
Africa
12.1.2.4.5. Rest of
MEA
13. Latin America
Flame Retardants Market: Estimates
& Forecast Trend Analysis
13.1. Latin America Market Assessments
& Key Findings
13.1.1. Latin America Flame Retardants
Market Introduction
13.1.2. Latin America Flame Retardants
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
13.1.2.1. By Product Type
13.1.2.2. By Application
13.1.2.3. By End-use
13.1.2.4. By Country
13.1.2.4.1. Brazil
13.1.2.4.2. Argentina
13.1.2.4.3. Colombia
13.1.2.4.4. Rest of
LATAM
14. Country Wise Market:
Introduction
15. Competition Landscape
15.1. Global Flame Retardants Market Product
Mapping
15.2. Global Flame Retardants Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
15.3. Global Flame Retardants Market Tier
Structure Analysis
15.4. Global Flame Retardants Market
Concentration & Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1. BASF SE
16.1.1. Company Overview & Key Stats
16.1.2. Financial Performance & KPIs
16.1.3. Product Portfolio
16.1.4. SWOT Analysis
16.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
16.2. Clariant AG
16.3. Huntsman
Corporation
16.4. Israel
Chemicals Limited (ICL)
16.5. Albemarle
Corporation
16.6. DuPont de
Nemours, Inc.
16.7. Arkema S.A.
16.8. Solvay S.A.
16.9. Dow Chemical
Company
16.10. Ferro
Corporation
16.11. Nabaltec AG
16.12. Shanghai Pret
Composites Co., Ltd.
16.13. Jiangsu Kuaima
Chemical Co., Ltd.
16.14. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Flame Retardants Market in 2024?
Flame Retardants Market was valued at USD 9,845.59 Million in 2024.
What is the growth rate for the Flame Retardants Market?
Flame Retardants Market size will increase at approximate CAGR of 7.2% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are BASF SE, Clariant AG, Huntsman Corporation, Israel Chemicals Limited (ICL), Albemarle Corporation, DuPont de Nemours, Inc., Arkema S.A., Solvay S.A., Dow Chemical Company, Ferro Corporation, Nabaltec AG, Shanghai Pret Composites Co., Ltd., Jiangsu Kuaima Chemical Co., Ltd. and others.
Which region dominates the Flame Retardants Market?
Asia Pacific dominates the market with an active share of 36%.
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