The global organophosphorus flame retardant market is forecast to grow at a CAGR of 5.2% from 2016 to 2021
The major drivers of growth for this market are stringent government regulations related to prohibition of polybrominated diphenyl ethers (PBDEs), growing awareness on fire safety, and increasing market penetration of organophosphorus flame retardants in various end-use industries.
ATH flame retardants are used in a variety of applications, such as polyolefin, epoxy, rubber, unsaturated polyester resin, polyvinyl chloride and others. The report predicts that the demand for engineering thermoplastics is likely to experience the highest growth in the forecast period supported by growing demand in end product manufacturing.
Within the organophosphorus flame retardant market, the building and construction segment is expected to remain as the largest market by value and volume. Stringent government regulations related to prohibition of the use of halogenated flame retardants is expected to spur growth for this segment over the forecast period.
North America is expected to emerge as the largest market due to government initiatives and inclination of original equipment manufacturer (OEMs) towards sustainable and safer alternatives of halogenated flame retardants leading to wider acceptance of organophosphorus flame retardants in various end-use industries.
Asia Pacific and the rest of the world are expected to witness significant growth over the forecast period because of growing awareness related to fire safety and growth in construction, electrical and electronics, and transportation sector.
Israel Chemicals Ltd., Clariant, Chemtura Corporation, Lanxess, and THOR group are among the major suppliers of the organophosphorus flame retardants. Some companies are opting for M&A as a strategic initiative for driving growth.
Key Topics Covered:
1. Executive Summary
2. The Organophosphorus Flame Retardant Industry: Background and Classifications
3. Market Trends and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunity and Strategic Analysis
6. Company Profiles of Leading Players
- Amfine Chemicals
- Chemtura Corporation
- Clariant International Ltd
- Daihachi Chemical Industry Co. Ltd
- Huber Engineered Materials
- Israel Chemicals Ltd (ICL)
- Jiangsu Yoke Technology Co., Ltd
- Thor Specialties, Inc.
- Zhejiang Wansheng
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SOURCE Research and Markets