Global Non-Halogenated Flame Retardant Market for Polymers is Expected to Reach USD 2.15 billion in 2018: Transparency Market Research

ALBANY, New York, July 1, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Non-Halogenated Flame Retardants (Aluminum Hydroxide, Phosphorus and Others) Market for Polymers (Polyolefin, Epoxy Resin, PVC, ETP, UPE, Rubber, Styrenics and Others) - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018," the demand for non-halogenated flame retardants was 1,077.8 kilo tons in 2011 and is expected to reach 1,730 kilo tons in 2018, growing at a CAGR of 7.1 % from 2012 to 2018. In terms of revenue, the market was valued at USD 1.26 billion in 2011 and is expected to reach USD 2.15 billion in 2018, growing at a CAGR of 8.1% from 2012 to 2018.

Browse the full report at  http://www.transparencymarketresearch.com/non-halogenated-flame-retardants.html

The global demand for non-halogenated flame retardants is expected to be driven by fire safety regulations concerning risk of fire hazards in end-use industries such as electrical and construction. Halogenated retardants are considered to be toxic and have adverse effects on human and animal life, owing to which end-use industries are now shifting towards non-halogenated flame retardants. However, issues in functional properties such as loading levels may restrain market demand in the coming years.

North America accounted for 41.8% of the global non-halogenated flame retardants market in 2012, followed by Europe and Asia Pacific with 33.3% and 22.5% market share respectively. Asia Pacific is expected to be the fastest growing market for non-halogenated flame retardants owing to growth of major end-use industries in China and India.

Aluminum hydroxide, which finds application in construction and electrical equipment accounted for over 70% of the total market demand in 2012. Phosphorus based non-halogenated flame retardants are expected to have highest CAGR of 7.7% for period from 2012 to 2018 owing to its benefits in mechanical properties and loading levels.

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Non-halogenated flame retardants are majorly used in the construction industry for building materials, paints, coatings, wires and cables across the globe. The construction industry accounted for 41.4% market share in 2012. Electrical industry is expected to be the fastest growing end-use industry with a CAGR of 7.6% for the period from 2012 to 2018, owing to increasing application of non-halogenated flame retardants in the polymers used in electrical equipment. Non-halogenated flame retardants also find applications as additives in various polymers such as polyolefins, epoxy resins, UPE, ETP, rubber, styrenics and PVC. Polyolefins accounted for 23.1% share of the market in 2012, whereas Engineering Thermoplastic (ETP) retardant demand is expected to be the fastest growing application at an estimated CAGR of 7.6% from 2012 to 2018.

Some of the major participants operating in the global market for non-halogenated flame retardant include Albemarle, Clariant International Ltd., Nabaltec AG, Israel Chemicals Ltd., Italmatch and Chemtura Corporation among some other companies.

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The report segments the global non-halogenated flame retardants market as

Non-Halogenated Flame Retardants Market: Product Segment Analysis

- Aluminum Hydroxide

- Phosphorus based flame retardants

- Other (nitrogen based flame retardants, magnesium hydroxide)

Non-Halogenated Flame Retardants Market: End-Use Industry Analysis

- Electrical

- Construction

- Transportation

- Others (textile, furniture)

Non-Halogenated Flame Retardants Market: Application Analysis

- Polyolefin

- Epoxy Resin

- Unsaturated Polyesters

- PVC

- Engineering Thermoplastics (ETP)

- Rubber

- Styrenics

- Others (polyurethane, synthetic fibers)

Non-Halogenated Flame Retardants Market: Regional Analysis

- North America

- Europe

- Asia Pacific

- Rest of the World (Middle East, Africa and Latin America)

 

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