IMARC Group, a leading market research company, has recently releases report titled, “Flame Retardants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the global flame retardants industry, including the market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the flame retardants market?

What is flame retardants?

Flame retardants are substances used to extinguish or prevent fires. They consist of various chemicals, such as chlorine, bromine, antimony oxides, aluminum hydroxide, molybdenum compounds, zinc, magnesium oxides, organic phosphate esters, phosphates, halogenated phosphorus, and inorganic phosphorus-containing salts. Additionally, they include materials like graphene, graphite, nitrogen compounds, silicon-based materials, and tin. These substances are incorporated into materials or applied to surfaces to limit the spread of fire. Flame retardants are commonly used as coatings on furniture, carpets, curtains, mattresses, and fabrics to enhance their safety and fire resistance. They are also widely employed in the manufacturing of electronics, electrical devices, cables, wires, automobiles, trains, and airplanes to ensure the fire safety of these products and protect passengers. By reducing heat release and limiting the production of smoke during combustion, flame retardants play a vital role in enhancing the safety of combustible materials and finding applications in residential, commercial, and construction sectors worldwide.

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What are the growth prospects and trends in the flame retardants industry?

The market for flame retardants is being driven by the growing demand for their use in coating industrial machinery and electrical devices, ensuring the safety of workers and reducing fire-related hazards. Furthermore, the automotive industry is experiencing an increasing need for flame retardants to coat various parts of vehicles, thereby fueling market growth. In addition, the rising usage of plastics, foam, and composites in residential and commercial sectors worldwide has created a positive impact on the demand for flame retardants. The application of flame retardants to improve fire safety standards in buildings is also contributing to the market's expansion. Moreover, the increasing adoption of electronic appliances such as air fryers, microwaves, ovens, washing machines, and vacuum cleaners, along with the growing demand for devices like laptops, computers, and TVs, is driving the market further. Additionally, market leaders are focusing on research and development efforts to introduce sustainable and non-toxic flame retardant solutions.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

• Alumina Trihydrate
• Brominated Flame Retardants
• Antimony Trioxide
• Phosphorus Flame Retardants
• Others

Breakup by Application:

• Unsaturated Polyester Resins
• Epoxy Resins
• PVC
• Rubber
• Polyolefins
• Others

Breakup by End Use Industry:

• Construction
• Wires and Cables
• Automotive and Transportation
• Electrical and Electronics
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Almatis GmbH
• BASF SE
• Borealis GmbH (OMV Aktiengesellschaft)
• Budenheim Ibérica S.L.U
• Campine NV
• Clariant AG
• Dover Chemical Corporation (ICC Industries Inc.)
• Dow Inc.
• ICL Group Ltd
• Lanxess AG
• Otsuka Chemical Co. Ltd.
• RTP Company (Miller Waste Mills Inc.).

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