Flame Retardants Market Size

Global Flame Retardants Market Overview

The Flame Retardants Market Size was estimated at USD 8.65 billion in 2023. The Flame Retardants market industry is projected to grow from USD 9.25 Billion in 2024 to USD 14.76 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.02% during the forecast period (2024 - 2032). Increased demand for flame retardants in infrastructure and a rise in consumption of electronics are the key market drivers contributing to the overall growth of the market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Flame Retardants Market Trends

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  Growing flame retardants in infrastructure are driving market growth

  
  

Market CAGR for flame retardants is driven by the rising demand for flame retardants in infrastructure. The market for plastic parts in the infrastructure and transportation sectors is extremely competitive. The market for flame retardants is likewise being driven primarily by this. Explosions and fire-related catastrophes are more likely now with more residential and commercial buildings. As a result, there are now more stringent fire safety laws and policies in industrialized nations, increasing the Application of flame retardants in construction to comply with government standards.

Additionally, market participants are creating effective synergists to improve their fire-retardant properties. The quantity necessary to provide an identical degree of non-flammability can be decreased by using synergists in these items. Additionally, synergists are created to address issues like corrosivity and impart qualities like great dispersion and UV protection. Polyester and polypropylene textiles, among others, are treated with flame retardants in the textile business to render them resistant to flames. To increase heat resistance and slow the rate of flame, they are incorporated into thermoplastic vulcanizate elastomers at minimal quantities in accordance with the RoHS regulations. Incorporating flame retardants as supplements stop small fires from turning into catastrophes.

The ongoing and persistent covid epidemic impacts multiple businesses and geographical areas. COVID-19 impacted the market for flame retardants, as the industry was compelled to take new actions because the need for sales suffered and decreased. Many influential figures and analysts are formulating plans to create novel policies to restore the industry to its pre-crisis state. To prevent COVID-19 from harming market statistics, the governmental authorities put up several initiatives for the industry's growth goals in the current projection years. By expanding the potential, this method stabilizes the market and improves revenue generation.

For instance, the usage of flame retardants has increased significantly over the past four years, especially in electronic devices. According to market research by IHS Consulting, it will keep growing at an annualized rate of 2.7% between 2019 and 2025. The plastics and resin sector is the largest consumer of flame retardants. The majority of the remainder is made up of textile and rubber products. As a result, it is anticipated that demand for flame retardants will increase throughout the projection period due to the rising consumption of electronic devices. Thus, driving the Flame Retardants market revenue.

Flame Retardants Market Segment Insights

Flame Retardants Type Insights

The Flame Retardants market segmentation, based on Type, includes Aluminum Trihydrate, Organo-Phosphorus, Magnesium Hydroxide, and Others. The Aluminum Trihydrate dominated the market, accounting for 60% of the market share (USD 4.9 billion) in 2022. There is a rise in demand for sustainable and less toxic flame retardants that are fulfilled by non-halogenated products, which include Aluminum Trihydrate, which is a key driver in boosting the market growth.

Figure 1:  Flame Retardants Market, by Type, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Flame Retardants Application Insights

The Flame Retardants market segmentation is based on Applications including Building & Construction, Electricals & Electronics, Transportation, Textiles, and Others. The Building & Construction category generated the highest market share of about 53% (USD 4.3 billion) in 2022. Building & construction significantly impacts the flame-retardant market's growth due to the growing population and demand for housing needs in emerging nations. Additionally, in industrial development and building projects, the expansion in construction activities generates market growth.

Flame Retardants Regional Insights

By region, the research provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Flame retardants market region will dominate, owing to the rising consumption of electronics and electrical components among consumers. In addition, Due to rising investments in EVs and private construction projects boost demand for flame retardants in this area.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  Flame Retardants Market Share by Region 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe’s Flame Retardants market accounts for the second-largest market share due to increased consumption of automotive goods and supportive government regulations boosting the overall market growth. Further, the German Flame Retardants market dominates the market revenue, and the UK Flame Retardants market is expected to grow steadily in the European Region.

The Asia-Pacific Flame Retardants Market to grow its market share quickly during the projected timeframe. This is due to the growing population and increasing demand for contributions that will boost the market demand. Moreover, China’s Flame Retardants market dominates the market share, and the Indian Flame Retardants market is expected to grow steadily in the Asia-Pacific region.

For instance, From April 2000 to March 2021, the Indian textile industry attracted $3.75 billion in FDI, according to research released by the India Brands Equity Foundation in December 2021. Furthermore, Asia-Pacific is a desirable market for manufacturers due to low labor costs, affordable setup, and flame retardants. These elements fuel the market's expansion for flame retardants.

Flame Retardants Key Market Players & Competitive Insights

Leading market players invest in research and development on a large scale to increase their production capacity, which will help the Flame Retardants market. Market participants are also undertaking an organic and inorganic strategic approach to expand their brand and market revenue ly, with important market developments including new product launches, partnerships, mergers and acquisitions, capital investments, and strategic alliances with other organizations. The flame Retardants industry must offer cost-effective solutions to compete in fragmented markets.

Manufacturing locally to minimize expenses is one of the key business tactics organizations use in the Flame Retardants industry to benefit customers and capture the majority of market share. The Flame Retardants industry has offered significant advantages to building and construction activity in recent years. Major players in the Flame Retardants market, including 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), and Italmatch Chemicals SpA (Italy), are attempting to increase market share by investing in research and development to produce sustainable solutions.

Clariant AG is an international manufacturer of specialized chemicals based in Muttenz, Switzerland. Catalysis, Care Chemicals, and Natural Resources are the three business segments through which it works. Clariant was established in 1995 after its spinoff from Sandoz, another chemical organization. One of the top specialty chemical firms is internationally known for its innovation, sustainability, and focus. In December 2021, Clariant announced the building of its first manufacturing facility in China so that it may provide products to its Chinese clients.

Joseph Maria Huber established the J.M. Huber Corporation in 1883, with its main office in Edison, New Jersey. Various consumer and industrial products are included in Huber's product line, including dental and personal care products, dietary supplements, flame retardants and smoking suppressants, forest management, and construction materials. They are among the biggest privately held American businesses, with $2.2 billion yearly revenue. They operated as a Portfolio Management Company (PMC), the J.M. Huber Corporation. This organizational structure allows our various businesses to run their enterprises independently while enjoying the advantages of belonging to a sizable, intergenerational family firm. In May 2021, J.M. Huber Corp. announced the execution of a binding contract to buy out RHI Magnesita's (RHIM) 50% stake in their joint venture. As part of acquiring the Martinswerk business, Huber initially completed the acquisition of a 50% ownership position.

Key Companies in the Flame Retardants market include

• 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)


• Huber Corporation (US)


• Italmatch Chemicals SpA (Italy)

Flame Retardants Industry Developments

January 2022: The purchase of MAGNIFIN was finalized by Huber Engineered Materials. Martinswerk GmbH, a strategic business unit of HEM Fire retardant additives (FRA), manufactures various halogen-free fire retardants, smoke suppressants, and mainly aluminum oxides and sells the acquired company's goods abroad.

December 2021: Clariant, a specialty chemical firm known for its innovation, sustainability, and focus, has announced the building of its first manufacturing facility in China so that it may provide products to its Chinese clients.

May 2021: Atlanta-based J.M. Huber Corp. announced the execution of a binding contract to buy out RHI Magnesita's (RHIM) 50% stake in their joint venture. As part of acquiring the Martinswerk business, Huber initially completed the acquisition of a 50% ownership position.

Flame Retardants Market Segmentation

Flame Retardants Type Outlook

• Aluminum Trihydrate


• Organo-Phosphorus


• Magnesium Hydroxide


• Others

Flame Retardants Application Outlook

• Building & Construction


• Electricals & Electronics


• Transportation


• Textiles


• Others

Flame Retardants Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America