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Flame Retardant Market Drivers, Restraints, Merger, Acquisition, SWOT Analysis, PESTELE Analysis and Business Opportunities by 2030

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Flame Retardant Market Drivers, Restraints, Merger, Acquisition, SWOT Analysis, PESTELE Analysis and Business Opportunities by 2030

September 15
03:34 2022
Flame Retardant Market Drivers, Restraints, Merger, Acquisition, SWOT Analysis, PESTELE Analysis and Business Opportunities by 2030
Increasing demand from the electronics industry is a key factor driving flame retardant market revenue growth

The global flame retardant market size was USD 6.72 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to latest analysis by Emergen Research. Flame retardants market revenue growth is driven by factors such as rising fire safety laws, expansion of end-use sectors, rising demand from the electronics industry, and increased demand from the construction sector.

Flame retardants are regularly applied or sprayed on the following products: foam, upholstery, and mattresses, building and construction materials (electrical wires and cables), and insulation materials (polystyrene and polyurethane insulation foam). Many flame retardant products have been removed from the market or are no longer manufactured. However, because it does not decay rapidly, it can be used reliably in the environment for many years.

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The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Flame Retardants market players.

Some major companies in the global market report include Albemarle Corporation, BASF SE, Dow, Eastman Chemical Company, Hangzhou Lingrui Chemical Co., Ltd, Hongbaoli Group Co., Ltd., Huntsman Corporation, Lanxess, Muby Chemicals, and Sasol.

 Highlights of Report

  • PVC segment accounted for a moderate revenue share in 2021. Poly Vinyl Chloride (PVC) is a commonly used polymer, particularly in electrical and communication cables as an insulating covering and in domestic applications such as window panes, doors, and house sidings. As a result of its flame-retardant properties, PVC inhibits both the initiation and spreading of fire.
  • Fire protection is provided not only by the presence of chlorine inside the polymer matrix but also by the creation of a carbonized product as a result of the recent evolution of hydrogen chloride. It is hypothesized that a carbonized product has conjugated & cross-linked structures that safeguard the polymer main chain during combustion. As flame retardants for PVC, chemical substances such as coordination compounds, metal alloys, and inorganic and organic chemicals are recommended.
  • Automotive & transportation segment accounted for a significant revenue share in 2021. Flame retardants are used in the automotive industry for functional and structural thermoplastic engineering components found under the hood. They play an important role in heat insulation in mass transit, trucks, marine industry, and aviation. The most frequent materials used for this purpose are stiff polyurethane foams, crosslinked polyolefins, and crosslinked plasticized PVC and nitrile rubber mixtures. It is also important to note the use of plasticized PVC-coated fabric to manufacture automobile and boat covers.

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The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period.

Emergen Research has segmented the global flame retardant market on the basis of product type, application, end-use, and region:

  • Product Type Outlook (Revenue, USD Billion; 2019-2030)
    • Alumina trihydrate
    • Brominated Flame Retardant
    • Antimony Trioxide
    • Phosphorous Flame Retardants
    • Others
  • Application Outlook (Revenue, USD Billion; 2019-2030)
    • Unsaturated Polyester Resins
    • Epoxy Resins
    • PVC
    • Rubber
    • Others
  • End-Use Outlook (Revenue, USD Billion; 2019-2030)
    • Construction
    • Automotive & Transportation
    • Electronics
    • Others

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Points of Flame Retardants Market:

  • Extensive coverage of the analysis of the Flame Retardants market
  • Key insights into the regional spread of the industry in key geographies
  • Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
  • Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Flame Retardants market
  • Complete data about the key manufacturers and vendors in the Flame Retardants market

Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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