Flame Retardant Chemicals Market in North America 2018-2023 - Rising Consumer Electrical & Electronic Goods Manufacturing is Driving the Market
DUBLIN, May 25, 2018 /PRNewswire/ --
The "North America Flame Retardant Chemicals Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The North America flame retardant chemicals market is expected to register a CAGR of more than 5% during the forecast period (2018-2023). The United States was the largest market in 2017 and is also expected to register the fastest growth during the forecast period.
Rising Consumer Electrical & Electronic Goods Manufacturing
The flame retardant chemicals play a significant role in the electrical & electronics market. Electrical fires are one of the major sources of the household and industrial fires around the world. The use of flame retardant chemicals can lead to a decrease in the same. Flame retardant materials find use in electrical equipment, from the smallest components of a computer to the large electrical grids. Flame retardant chemicals increase the resistance to both internal and external heat sources. In terms of size, the electronics market in the United States is the largest market. Owing to the use of advance technology, the increasing number of R&D centers, and the rising demand from consumers, the United States market is expected to remain as the market leader over the forecast period. Also, due to the rapid pace of innovation in the advancement of technology and R&D activities in the electronics industry, there is a high demand for newer and faster electronic products. There is a spur in the number of manufacturing plants and development centers in the United States that are focusing on high-end products, which is expected to boost the demand for flame retardant chemicals over the forecast period
Buildings & Construction to Dominate the Market
Flame retardant chemicals are commonly used in building materials to meet the important fire safety standards and codes. Flame retardant chemicals increase the threshold temperature of the material, at which it catches fire, and reduce the rate of spreading of fire, along with providing the critical time required to escape from the surroundings. The United States, which has the largest construction industry in North America, is growing at a steady rate with the commercial construction expected to rise by 2% in 2018. The office space market in the country is estimated to grow by almost 10% in the next few years. Additionally, the rise in home sales, coupled with the demand for office furniture, is creating the demand flame retardant chemicals in the country.
United States to Dominate the Market
In 2017, the United States held the highest market share, accounting for more than 80% of the market. The infrastructure modifications are expected to encourage the growth of the repair construction activities at a quicker pace in the region. The gradual growth of the commercial sector, primarily office space construction, is likely to have a positive impact on the market. Moreover, the country is the second-largest producer of automotive vehicles in the world. The production has recorded a robust growth since the past five years and the sales of automotive vehicles have been increasing at a constant rate. The United States is the second-largest economy for electronics in the world, with the demand for consumer electronics growing rapidly. This demand is expected to contribute to the growth of the market.
Key Topics Covered
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Regulatory Policy Analysis
3.4 Raw Material Analysis
4. Market Dynamics
4.1 Drivers
4.1.1 Emergence of Stringent Fire Safety Standards and Legislation
4.1.2 Rising Consumer Electrical and Electronic Goods Manufacturing
4.1.3 Growing Infrastructure Actives in the Region
4.2 Restraints
4.2.1 Environmental and Health Concerns Regarding Brominated and Other Flame Retardant Chemicals
4.2.2 Non-suitability of Hydroxides to High Temperature Applications
4.3 Opportunities
4.3.1 Rising Awareness on Environment-Friendly Flame Retardants
4.3.2 Active R&D into Non-Halogenated Flame Retardants
5. Market Segmentation and Analysis
5.1 By Type
5.1.1 Non-halogenated Flame Retardant Chemicals
5.1.1.1 Inorganic Compounds
5.1.1.1.1 Aluminum Hydroxide (ATH)
5.1.1.1.2 Magnesium Hydroxide
5.1.1.1.3 Boron Compounds
5.1.1.1.4 Antimony Oxides
5.1.1.2 Nitrogen-based
5.1.1.3 Phosphorous-based
5.1.1.4 Others
5.1.2 Halogenated Flame Retardant Chemicals
5.1.2.1 Chlorinated Compounds
5.1.2.2 Brominated Compounds
5.2 By End-user Industry
5.2.1 Electrical & Electronics
5.2.2 Buildings & Construction
5.2.3 Transportation
5.2.4 Textiles and Furniture
5.2.5 Others
6. Regional Market Analysis
6.1 United States
6.2 Canada
6.3 Mexico
6.4 Rest of North America
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis
7.3 Strategies Adopted by Leading Players
8. Company Profiles
8.1 AkzoNobel N.V.
8.2 Albemarle Corporation
8.3 Apexical, Inc.
8.4 BASF SE
8.5 Clariant
8.6 DIC CORPORATION
8.7 DowDuPont
8.8 DSM N.V.
8.9 Huber Engineered Materials
8.10 ICL
8.11 Italmatch Chemicals SpA
8.12 LANXESS
8.13 MPI Chemie BV
8.14 Nabaltec AG
8.15 Nippon Carbide Industries Co. Inc.
8.16 RTP Company
8.17 Sumitomo Chemical Co. Ltd
8.18 Solaris Chemtech Limited
8.19 Thor
8.20 TOR Minerals
8.21 Tosoh Corporation
For more information about this report visit https://www.researchandmarkets.com/research/533qng/flame_retardant?w=5
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