Flame Retardant Chemicals – Global Market Outlook (2016-2022)

The Global Market for Flame Retardant Chemicals Market is valued at $ 6.7 billion in 2015 and is expected to reach $ 14.32 billion by 2022 at a Compound Annual Growth Rate (CAGR) of 11.25%. The growing regulations for fire safety and increasing number of end user industries are some of the major factors fueling the market growth. Moreover, high demand from current & emerging applications, emerging economies and advancement in technology and wide usage of flammable materials are favoring the market growth. However, huge cost of flame retardant chemicals and stringent regulations are the restraining factors in this market. On the other hand, increasing developments in synergist compounds will offer a significant growth opportunity over the forecast period.

In chemical type, Aluminum Trihydrate (ATH) segment subjugated the global flame retardant market during the forecast period owing to less cost of the chemicals and low environmental impacts. Asia Pacific is the fastest growing market and is anticipated to register a highest growth due to growing number of end user industries and rising safety concerns. Moreover, in building and construction Asia pacific commanded the maximum share due to growing number of investments in the infrastructure segment.

Some of the key players in this market include Akzo Nobel Polymer Chemicals LLC, Clariant AG, Martinswerk GmbH, DIC Corporation, Dover Chemical Corporation, Royal DSM NV, ICL Industrial Products, Supresta LLC, Synalloy Corporation, The Dow Chemical Company, Lanxess AG, Nabaltec AG, Chemtura Corporation, Italmatch Chemicals and BASF SE….Read More

Advertisements
%d bloggers like this: