Flame Retardants Market Research Report - Global Forecast till 2030

Global Flame Retardants Market: Information By Type (Non-Halogenated (Aluminum Trihydrate, Organo-Phosphorus, Magnesium Hydroxide and Others) and Halogenated (Brominated, Chlorinated and Others), By Resin (Polyethylene, Polypropylene, Epoxy, Unsaturated Polyesters, Polyvinyl Chloride, Styrenics, Engineered Thermoplastics, Rubber and Others), By Application (Building & Construction, Electricals & Electronics, Transportation, Textiles and Others) and Region - Forecast till 2030

ID: MRFR/CnM/1866-CR | February 2021 | Region: Global | 449 Pages         

Flame Retardants Market

The Flame Retardant Market is projected to hit $14.2 billion by 2030, growing at a CAGR of 6.9% during the forecast period.

Segmentation

By Type Aluminum Trihydrate Organo-Phosphorus Magnesium Hydroxide Others
By Application Building & Construction Electricals & Electronics Transportation TextilesOthers

Key Players

  • Clariant (US)
  • ICL (Israel)
  • LANXESS(Germany)
  • BASF SE(Germany)
  • RTP Company Clariant (US)
  • Nabaltec AG(Germany)
  • Celanese Corporation (US)
  • Green chemicals SpA (Italy)
  • Kisumu Chemicals (The Netherlands)
  • Dow (US)
  • Akzo Nobel N.V. (The Netherlands)
  • Amfine Chemical Corporation (US)
  • M. Huber Corporation (US)
  • Italmatch Chemicals SpA (Italy)

Drivers

  • Demand for plastic components
  • transportation and infrastructure sector
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Flame Retardants Market Overview


The Flame Retardant Market size was valued at $7.48 billion in 2021 and is projected to hit $14.2 billion by 2030, growing at a CAGR of 6.9% during the forecast period.


The report of flame retardants market presents in-depth information regarding the Flame Retardants industry. It offers and covers the important parameters that include multiple terms. The report's key overview provides the parameters that include Challenges, charges, capacity, share, size, marketplace expanding, and technological innovations. The market overview also presents the opportunities and key vendors and key players.


Flame retardants are materials that are used to add the compounds such as textiles, plastics, and coatings to prevent the ignition of fires. The flame retardants market contains multiple end-user applications that include transportation, construction, building, and electronics accessories. This is also used during the polymerization process, molding process, and extrusion. The flame retardants industry is categorized into two forms one is halogenated and non-halogenated flame retardants. But simultaneously, it offers some serious environmental and health issues. Most of the countries like the Environmental Protection Agency (EPA), the European Union, and the US banned most of the halogenated flame retardants. These flame retardants are widely used in diverse end-use applications and have gained significant attention due to the growing flame retardant demand. 


February 2022


Carbon has announced the launch of a new flame-retardant photopolymer resin that is suitable for application in the consumer, automotive and industrial markets.


The EPX 86FR is said to offer functional toughness, high strength and long-term stability – in addition to its flame retardancy – and is suitable for housings, brackets and connectors applications. It is available for shipping in North America, Europe and the UK immediately and is compatible with the Carbon M1, M2 and L1 3D printing systems, as well as the M3 and M3 Max machines launched last month.


Covid 19 analysis:


The continuous and ongoing covid pandemic impacts multiple industries and regions. It offers a bad impact on people as well as private and government organizations. The covid 19 pandemic teaches the market to identify the gap between the supply and demand chain. The covid 19 report also helps you to analyze the value of the insights of the flame retardants market demand. COVID 19 impact has hampered the flame restraints market, just like any other sector in the world. The demand for sales was impacted and reduced, which forced the industry to adopt new measures. Multiple key players and analysts are making strategies to develop the new measures which can help to get back the industry in normal condition. The governmental authorities proposed multiple strategies for the industry's growth plans in the present forecast years to prevent COVID 19 from hampering the market statistics. In this way, the market is being stabilized and gives better revenue generation by increasing the opportunity. 


October 2022


Clariant will create a second production line at its new CHF 60 million state of the art facility for Exolit OP halogen-free flame retardants currently under construction in Daya Bay, China. This additional CHF 40 million investment will further expand access to innovative and sustainable fire protection solutions and related technical expertise to support the significant growth of engineering plastics applications in E-mobility and electrical & electronic segments.


The new Daya Bay flame retardant plant will supplement the capacity of Clariant’s two Exolit OP plants in Knapsack, Germany and is beneficial to the global customer base. Despite the external challenges of COVID, logistical and supply chain issues, Clariant is still targeting its original timeline, i.e. commencing production in Daya Bay around mid-2023, with the second line due to come on stream within 2024.


The market key players:


The global flame retardants market is fragmented into multiple key players. It has multiple vendors that work for the growth of the organization in the global market. To produce maximum market share, the key players are following all the governmental regulations. The key players are working and emphasizing the development of halogen-free flame retardants by improving the performance. 


The global flame retardants market players who operate the global flame retardants market adopt various strategies that include mergers & acquisitions, expansion, joint ventures, alliances, and expansion to maintain the position and increase the geographic presence. Multiple people are investing in this market because of the increasing demand in the automotive industry to gain maximum revenue. The multiple key players of this market are:



  • Clariant (US), 

  • ICL (Israel), 

  • LANXESS(Germany), 

  • BASF SE(Germany), 

  • RTP Company Clariant (US), 

  • Nabaltec AG(Germany), 

  • Celanese Corporation (US), 

  • Green chemicals SpA (Italy), 

  • Kisumu Chemicals (The Netherlands), 

  • Dow (US), 

  • Akzo Nobel N.V. (The Netherlands), 

  • Amfine Chemical Corporation (US), 

  • M. Huber Corporation (US), 

  • Italmatch Chemicals SpA (Italy) 


Market dynamics:


Major drivers of the market:


There are multiple prominent factors that drive the market growth and rate. The prominent factors that increase this market's revenue include the building & construction, automotive, and electrical & electronics industries.


 There is a huge demand for plastic components in the market in the transportation and infrastructure sector. This is also the major driving factor for the growth of the global flame retardant market. When we talk about the countries, then India, China, and the USA are also getting top on the flame retardant market's revenue generation. Because of the huge popularity and opportunity in the market, the market is expected to grow in the upcoming future. 


The market restraints of flame retardants market:


At the same time, multiple restraints in the market affect the growth of the market. There are some regulations to use halogenated flame retardants in different countries. The difference in the cost of raw materials also affects the global growth of the market. The increase in the disposable capital income and the investments by the government for the commercial and infrastructural development gives value to the market and raises the market value in the upcoming years. 


The role of the construction sector in the market growth:


The flame retardants market witness a considerable amount of rising in the field of the construction sector. The increasing popularity of this market occurs due to the transportation, building and construction, textile, electronic devices, and consumer goods that can contribute to the market upsurge. The increase in construction activities creates market growth on the basis of commercial construction and development projects. 


The role of the Automobile Sector in Flame Retardant Market


There is a huge rise in plastic components in the growing automotive sector in flame retardants market growth. The flame retardant is integrated into the automotive seats for the enforcement that hinders the market upsurge. However, the growing utility of recyclable halogen-free Flame Retardants makes the flame retardant market more popular. 


January 2022


Huber Engineered Materials (HEM) has strengthen its position in the fire retardant additives market with the acquisition of the state-of-the-art Magnifin Magnesiaprodukte GmbH & Co. KG – formerly a 50/50 joint venture with RHI Magnesita.


The products are environment-friendly, halogen-free fire retardants that can be used in a wide range of polymer applications, including elastomers requiring high processing temperatures in excess of 300 °C.


Market segmentation:


The global flame retardants market is fragmented into multiple fields. The market is segmented into application, region, type, and resin. 


Segmentation based on the type:


Based on the type, the flame retardants market forecast is segmented into halogenated and non-halogenated flame retardants. According to the market report, the non-halogenated market holds the largest market share. It covers the 60% CAGR between 2019-25. The non-halogenated segment is further divided into sub-segmentation, including aluminum trihydrate, magnesium hydroxide, organo-phosphorus, and others. Among all these, the trihydrate segments hold the largest share of around 55% in the period of 2023. 


Segmentation based on resin:


The flame retardants market share is segmented into polypropylene, polyethylene, unsaturated polyesters, styrene, rubber, epoxy, and polyvinyl chloride-based on the resin. Among these, the polyethylene segment holds the largest market share. Polyethylene is expected to the growth by 25% that reach over USD 3,500 million by 2030. The growth of the segment is gaining popularity for the widespread availability and extensive use of flame retardant polyethylene. 


Segmentation based on the analysis:


The global flame market retardants the broad range of applications that are based upon the multiple segments. The market has segmented into the electrical and electronics, transportations and textiles, and electronics industry. Among them, the building and construction industry holds the largest market, flame retardants market size. It turns a CAGR of 6.9% from 2020 to 2030. The growth of this field increases due to the growth in infrastructural activities. 


June 2022


Axalta has announced the launch of Plascoat PPA571 FR (Flame-Retardant), a new anti-corrosion coating solution designed to protect buildings and save lives in the event of fires.


Drawing on decades of experience in thermoplastic technology, Axalta has developed this new coating solution in response to the dual threats of fires and toxic fumes which pose a major threat to human life and well being. Such coatings, which can be deployed in a range of environments, are fire-resistant  and act as a barrier to additional damage caused by the spread of flames.


Regional players of the market:


The regional analysis of the Global flame retardants Market is divided into the basis of regions. This consists of the regions of Europe, North America, Asia-Pacific, Latin America, and Middle East & Africa. Among these, the Asia Pacific market holds the largest market share due to consumer electronics and automobile industries' growth. The emerging countries that affect the market grew into a good rise in India, China, and Indonesia. The Asia Pacific market owns the largest market share, up to USD 4000 million, having a CAGR of 7.5%. After that, Europe is the second-largest market that is owing to the construction. The European market has registered moderate growth with a CAGR of around 5.5% between 2019 to 2030. The flame retardants market report is expected to reach a CAGR of USD 2500 million. Besides that, North America shares 20% of the global share. Latin America and the middle east also cover the witnessed significant growth over the forecast period. These regions create multiple opportunities that affect the market growth in the period of 2030.


October 2022


Reliance Industries (NS:RELI) Limited (RIL), the world's largest producer of polyester staple fibers and filament yarns, will use FRX Innovations' Nofia technology to enhance sustainable edge of its well established Recron FS, flame retardant polyester.


Nofia's unique polymeric phosphorus-based chemistry helps make Recron FS more sustainable and technically superior for polyester textile applications. Nofia additives are certified by Oeko-Tex Standard 100 for textile applications and other sustainability certifications such as ChemForward, Green Screen and TCO accrediting that the technology meets these global standards of safety and sustainability.

Recent Development


In May 2021-An Atlanta-based firm named J.M. Huber Corp announced the signing of a definitive agreement with RHI Magnesita (RHIM) to acquire their 50% joint venture. The deal is strategized to be finished by the second half of 2021. 


Huber initially finished the acquisition of 50% ownership interest as a fraction of the purchase of the Martinswerk operation.


December 2021 – Clariant, known for its focused, sustainable, and innovative specialty chemical company, has announced the construction of its first Chinese manufacturing plant, which can offer solutions to its customers in China. 


The segmentation table of the flame retardants market:


Flame Retardants Market, by Type


Non-Halogenated


Halogenated


  • Brominated

  • Chlorinated

  • Others


Flame Retardants Market, by Resin



  • Polyethylene

  • Polypropylene

  • Epoxy

  • Unsaturated Polyesters

  • Polyvinyl Chloride

  • Styrenics

  • Engineered Thermoplastics

  • Rubber

  • Others


Flame Retardants Market, by Application



  • Building & Construction

  • Electricals & Electronics

  • Transportation

  • Textiles

  • Others


Flame Retardants Market, by Region



  • North America


    • US

    • Canada


  • Europe


    • Germany

    • Russia

    • Italy

    • France

    • Spain

    • UK

    • BENELUX

    • Poland

    • Rest of Europe


  • Asia-Pacific


    • China

    • Japan

    • India

    • South Korea

    • Indonesia

    • Rest of Asia-Pacific


  • Latin America


    • Mexico

    • Brazil

    • Argentina

    • Rest of Latin America


  • Middle East & Africa


    • GCC Countries

    • South Africa

    • Rest of the Middle East & Africa




Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 14.2 Billion
  CAGR   6.8% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors and Trends
  Segments Covered   By Type and Halogenated, By Resin, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Clariant (US), ICL (Israel), LANXESS(Germany), BASF SE(Germany), RTP Company Clariant (US), Nabaltec AG(Germany), Celanese Corporation (US), Green chemicals SpA (Italy), Kisumu Chemicals (The Netherlands), Dow (US), Akzo Nobel N.V. (The Netherlands), Amfine Chemical Corporation (US), M. Huber Corporation (US), Italmatch Chemicals SpA (Italy)
  Key Market Opportunities   Challenges, charges, capacity, share, size, marketplace expanding, and technological innovations
  Key Market Drivers

  • Demand for plastic components, transportation and infrastructure sector
  • Increase revenue multiple prominent factors that increase Revenue building & construction, automotive, and electrical & electronics industries.


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    Frequently Asked Questions (FAQ) :

    The flame retardants market has a CAGR of 6.9% for the forecast period of 2022-2030

    Key Players in the global Flame Retardants market: Clariant, ICL, LANXESS, BASF SE, RTP Company, Nabaltec AG, Celanese Corporation, Greenchemicals SpA, Kisuma Chemicals, Dow, Akzo Nobel N.V., Amfine Chemical Corporation, J.M. Huber Corporation, and Italmatch Chemicals SpA

    End user industries like building & construction, electricals & electronics, transportation, consumer goods, and others would assist growth for the flame retardants market.

    Germany would dominate the European flame retardant market.

    Flame retardants are materials that are used to add the compounds such as textiles, plastics, and coatings to prevent the ignition of fires.