Flame Retardant Chemicals Market Size Is Projected To Reach USD 11.71 Billion By 2030, Growing At A CAGR Of 4.73%: Straits Research
| Report Metric | Details |
| Market Size by 2030 | USD 11.71 billion |
| Market Size in 2021 | USD 7.72 billion |
| CAGR | 4.73% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product Type, By End-User Industry |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Albemarle Corporation, Apexical Inc., BASF SE, Clariant AG, Daihachi Chemical Industry Co. Ltd, DIC Corporation, Dow, Eti Maden, ICL, Italmatch Chemicals SpA. |
| Key Market Opportunities | Growing Demand in Building and Construction Segment |
| Key Market Drivers | Rising Safety Standards in Building Construction |
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Regional Analysis
Asia-Pacific is the most significant shareholder in the global flame retardant chemicals market and is expected to grow at a CAGR of 5.56% during the forecast period. Flame retardant chemicals are often used in brown and white products, such as phones, televisions, and appliances like refrigerators and washing machines. The world's most fantastic electronics manufacturing base is located in China. Products like cell phones, TVs, portable computing devices, gaming systems, and other personal electronic gadgets experienced the fastest growth in the electronics sector. Additionally, the construction industry in India ranks as the second-largest economic sector, contributing an average of around 9% to the country's GDP annually. This could result in a massive demand for flame-retardant products in the nation. In addition to the Production Linked Incentive (PLI), the government has launched the Modified Electronics Manufacturing Clusters (EMC 2.0) and the Scheme for Promotion of electronic components and Semiconductors (SPECS) to promote the production of electronics in India.
Europe is expected to grow at a CAGR of 10.9%, generating USD 25 billion during the forecast period. Germany, one of the top manufacturing hubs for the automotive industry, is home to manufacturers from a wide range of industries, including equipment makers, suppliers of materials and components, engine manufacturers, and integrators of entire systems. The German aerospace industry comprises more than 2,300 companies dispersed around the country, with the north having the greatest concentration of companies. Rapid urbanization, rising population growth, and tourism, particularly in the residential and leisure sectors, are all expected to boost the building industry in the region. The government has been investing more in infrastructure for transportation, completing critical projects more swiftly, and improving opportunities for the service sector.
The number of manufacturing facilities and development centers in the US has increased significantly due to the emphasis on producing high-end goods. Robust exports of aircraft components to countries like France, China, and Germany, as well as solid consumer spending in the United States, have propelled the industrial operations in the aerospace industry. The country's aircraft industry may benefit from this by developing a favorable climate for the market for flame-retardant chemicals. The building and construction sector is anticipated to account for the largest share of the country's need for flame retardants. Canada, the second-largest construction market in North America, is expected to keep growing and improving through 2024. The leading causes of considerable commercial and residential building activity growth are government programs and more significant immigration to Canada.
Key Highlights
- The global flame retardant chemicals market size is projected to reach USD 11,714.26 million by 2030, growing at a CAGR of 4.73% during the forecast period (2022-2030). Based on product type , the global flame retardant chemicals market is bifurcated into non-halogenated and halogenated flame retardant chemicals. The non-halogenated flame retardant chemicals segment is the highest contributor to the market and is expected to grow at a CAGR of 5.05% during the forecast period. Based on the end-user industry , the global flame retardant chemicals market is bifurcated into electrical and electronics, buildings and construction, transportation, textile, and furniture. The buildings and construction segment owns the highest market share and is expected to grow at a CAGR of 4.48% during the forecast period. Asia-Pacific is the most significant shareholder in the global flame retardant chemicals market and is expected to grow at a CAGR of 5.56% during the forecast period.
The global flame retardant chemicals market's major key players are
Albemarle Corporation Apexical Inc BASF SE Clariant AG Daihachi Chemical Industry Co. Ltd DIC Corporation Dow Eti Maden ICL Italmatch Chemicals SpA
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Global Flame Retardant Chemicals Market: Segmentation
By Product Type
- Non-halogenated Flame Retardant Chemicals Halogenated Flame Retardants Chemicals
By End-User Industry
- Electrical and Electronics Buildings and Construction Transportation Textile and Furniture
By Regions
- North America Europe Asia-Pacific LAMEA
TABLE OF CONTENT
EXECUTIVE SUMMARY RESEARCH SCOPE & SEGMENTATION Research Objectives Market Definition Limitations & Assumptions Market Scope & Segmentation Currency & Pricing Considered MARKET OPPORTUNITY ASSESSMENT Emerging Regions / Countries Emerging Companies Emerging Applications / End Use Investment Landscape New Business Models / Revenue Streams TAM MARKET TRENDS Drivers Market Warning Factors Latest Macro Economic Indicators Geopolitical Impact Human Factors Technology Factors MARKET ASSESSMENT Porters Five Forces Analysis Value Chain Analysis Raw Material Analysis Sales And Distribution Channel Analysis Trade Analysis Patent Analysis M & A Agreements & Collabration Analysis Export Import Analysis Cost Structure Analysis ESG TRENDS GLOBAL FLAME RETARDANT CHEMICALS MARKET SIZE ANALYSIS Global Flame Retardant Chemicals Market Introduction By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value NORTH AMERICA MARKET ANALYSIS Introduction By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value U.S. By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value Canada EUROPE MARKET ANALYSIS Introduction By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value U.K. By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value Germany France Spain Italy Russia Nordic Benelux Rest Of Europe APAC MARKET ANALYSIS Introduction By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value China By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value Korea Japan India Australia Taiwan South East Asia Rest Of Asia-Pacific MIDDLE EAST AND AFRICA MARKET ANALYSIS Introduction By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value UAE By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value Turkey Saudi Arabia South Africa Egypt Nigeria Rest Of MEA LATAM MARKET ANALYSIS Introduction By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value Brazil By Product Type Introduction Product Type By Value Non-Halogenated Flame Retardant Chemicals By Value Halogenated Flame Retardants Chemicals By Value By End-User Industry Introduction End-User Industry By Value Electrical And Electronics By Value Buildings And Construction By Value Transportation By Value Textile And Furniture By Value Mexico Argentina Chile Colombia Rest Of LATAM COMPETITIVE ASSESSMENT Adoption Matrix Flame Retardant Chemicals Market Share By Manufacturers Flame Retardant Chemicals Market Ranking By Revenue For Manufacturers Average Price By Manufacturers Vendor Footprint Analysis MARKET PLAYERS ASSESSMENT Albemarle Corporation Overview Business Information Revenue ASP Gross Margin Swot Analysis Recent Developmments Apexical Inc BASF SE Clariant AG Daihachi Chemical Industry Co. Ltd DIC Corporation Dow Eti Maden ICL Italmatch Chemicals SpA RESEARCH METHODOLOGY Research Data Secondary Data Major Secondary Sources Key Data From Secondary Sources Primary Data Key Data From Primary Sources Breakdown Of Primaries Secondary And Primary Research Key Industry Insights Market Size Estimation Bottom-Up Approach Top-Down Approach Market Projection Research Assumptions Assumptions Limitations Risk Assessment APPENDIX Discussion Guide Customization Options Related Reports DISCLAIMER
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Market News
- In July 2022, Combining their non-halogenated flame retardant additive expertise, BASF and THOR GmbH have offered customers a complete solution that will improve particular plastic compounds' performance and sustainability while meeting strict requirements for fire safety regulations.
News Media
global flame retardant chemicals market grows steadily at a cagr of 4.73%
global fire sprinkler market ascends at a healthy cagr of 7.49%
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