The global Flame Retardant Market is expected to register a steady revenue CAGR during the forecast period. Flame retardants are in high demand to reduce fire hazards in a variety of industries. Building and construction, automotive, and electronics end-use industries have stringent fire safety standards to which manufacturers must adhere. Furthermore, increasing use of plastic in all sectors due to its advantageous properties is driving market revenue growth. Environmental and health concerns, which limit revenue growth of conventional flame retardants such as brominated and chlorinated flame retardants, are the major market restraints. This has increased demand for environment-friendly flame retardants such as phosphorous and nitrogen. Rapid development in countries such as India, China, and Mexico will drive revenue growth of the market further during the forecast period.
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Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Flame Retardant market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
Key Companies in the market include: Albemarle (U.S.), Lanxess (Germany), Clariant (Switzerland), Italmatch (Italy), Huber (U.S.), BASF (France), Thor (U.S.), DSM (Netherlands), Israel Chemicals Ltd. (Israel), Budenheim Chemicals KG (Germany)
Report Overview:
The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Flame Retardant market is expected to register robust revenue growth during the forecast period, 2021-2028. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
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Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Decabromodiphenyl Ether
- Brominated Epoxy Resin
- Brominated Polystyrene
- Halogen-free Flame Retardant
- Other
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Building Construction
- Electronics Appliances
- Wire Cables
- Automotive
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Flame Retardant market report:
- What is the expected market size of the global Flame Retardant market during the forecast period?
- What factors are expected to hamper global Flame Retardant market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Flame Retardant market?
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