Flame The flame retardant chemicals market is projected to grow by USD 2.67 Billion from 2024-2028, with AI impacting trends and infrastructure development driving revenue - Technavio

NEW YORK, Sept. 23, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global flame retardants chemicals market  size is estimated to grow by USD 2.67 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.97%  during the forecast period.  Rise in infrastructure development is driving market growth, with a trend towards emergence of environmentally friendly flame retardants  However, environmental and health concerns caused by flame retardants  poses a challenge - Key market players include ADEKA Corp., Akzo Nobel NV, Albemarle Corp., BASF SE, Clariant International Ltd., Dow Chemical Co., Frank Beirne Fabrics, ICL Group Ltd., Intochemicals BV, Italmatch Chemicals Spa, J.M. Huber Corp., Kafrit Industries 1993 Ltd., Lanxess AG, Nabaltec AG, NEWOS GmbH, PENGG KABEL GmbH, Perimeter Solutions LP, PHARMORGANA GmbH, Stahl Holdings B.V., and Wego Chemical Group Inc..

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Key Market Trends Fueling Growth

The flame retardants chemicals market is witnessing a shift towards environment-friendly and halogen-free alternatives due to growing concerns over environmental, health, and fire safety issues. Renewable-based flame retardants derived from sources like sugarcane are gaining popularity as they do not interfere with the recycling process. Clariant International's partnership with Neste to offer renewable hydrocarbon-based additives is an example of this trend. The New Exolit OP Terra range of flame retardants offers high performance and sustainability, aligning with the market's demand for eco-friendly solutions. This shift is expected to drive market growth during the forecast period. The use of bio-based polypropylene, which is dependent on petrochemical prices, is also a significant factor influencing the market. 

The Flame Retardants Market is experiencing significant growth due to increasing fire safety laws and regulations in the Building and Construction sector. This includes the use of flame retardants in construction materials like insulation, flooring, coatings, and cables. Fire performance standards for wires & cables in telecommunications, energy, and infrastructure development projects are driving demand. However, concerns over harmful chemicals like bromine and chlorine, which are commonly used flame retardants, have led to a push for environmentally friendly options. This includes the use of flame retardant synergists like Antimony oxides and ATH. Manufacturers are also focusing on developing flame retardants that do not pose health risks, such as neurological or developmental issues, or act as endocrine disruptors. Rapid urbanization and infrastructure development projects, as well as the growth of electric vehicles (EVs) and renewable energy systems, are further expanding the market. Wildlife and ecosystems are also impacted by combustible materials and persistent organic pollutants, making it essential to balance fire safety with environmental protection and sustainability. Local building authorities and regulation limits continue to shape the market, with Dow Corning and other leading companies innovating to meet these demands. 

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Market Challenges

• Flame retardant chemicals are essential in various applications to prevent fires. However, some flame retardants contain toxic chemicals, such as halogen-containing ones, which pose health risks to humans. These chemicals can cause neurological damage, cancer, and hormone disruption. Moreover, they bioaccumulate in human bodies, leading to long-term chronic health problems. Regulatory agencies, including the Bromine Science and Environmental Forum (BSEF) and the Environmental Protection Agency (EPA), have prohibited the use of halogen-containing flame retardants due to their negative impact on the environment and living beings. In Europe, regulations like REACH, Waste Electrical and Electronic Equipment (WEEE), and RoHS have banned toxic and flammable substances, restricting the growth of the global flame retardant chemicals market during the forecast period.
• The Flame Retardants Market faces several challenges in areas of energy, environmental protection, and sustainability. Energy consumption in manufacturing is a significant concern, while environmental regulations aim to limit Persistent Organic Pollutants (POPs) and protect ecosystems. Flame retardants are used in various industries, including building and construction, where local authorities enforce fire performance standards and regulation limits. Manufacturers seek environmentally friendly options to address health effects, such as neurological and developmental issues linked to certain flame retardants like Endocrine disruptors. The industry includes Halogenated Flame Retardants (HFRs) like Hexabromocyclododecane (HBCD), Antimony oxides, and ATH. Chemistry companies like Dow Corning offer Flame Retardant Synergists and alternatives, such as Aluminum Triohydroxide. Rapid urbanization, infrastructure development projects, and the rise of Electric Vehicles (EVs) and Renewable Energy Systems create new opportunities for flame retardants in combustible materials, textiles, plastics, and circuit boards. However, industrial shutdowns and supply chain disruptions pose challenges to market growth. Companies must navigate these complexities while ensuring compliance with fire and safety regulations.

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Segment Overview 

This flame retardants chemicals market report extensively covers market segmentation by

1. Type 
• 1.1 Halogen
• 1.2 Intumescent coatings
• 1.3 Inorganic flame retardants
• 1.4 Nitrogen flame retardants
• 1.5 Phosphorous
2. Application 
• 2.1 Building and construction
• 2.2 Electricals and electronics
• 2.3 Textiles and plastics
• 2.4 Transportation
3. Geography 
• 3.1 APAC
• 3.2 Europe
• 3.3 North America
• 3.4 Middle East and Africa
• 3.5 South America

1.1 Halogen-  The Flame Retardants Chemicals Market is experiencing steady growth due to increasing demand for fire safety in various industries. These chemicals are essential in reducing the risk of fires and protecting lives and property. Key applications include textiles, electronics, building materials, and automotive. Major players in the market include Chemours, Honeywell, and BASF, who are investing in research and development to offer innovative solutions. The market is expected to continue expanding, driven by stringent fire safety regulations and growing awareness of fire hazards.

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Research Analysis

The Flame Retardants Chemicals Market plays a crucial role in ensuring fire safety in various industries, particularly in Building and Construction. Fire safety laws mandate the use of flame retardants in construction materials such as insulation, flooring, coatings, cables, and building standards. Harmful chemicals like bromine, antimony oxides, and ATH (aluminum trihydrate) are commonly used as flame retardants. However, concerns over their environmental impact, including their classification as Persistent Organic Pollutants (POPs) and potential harm to ecosystems, have led to a push for more sustainable alternatives. Rapid urbanization and infrastructure development projects, as well as the growing demand for electric vehicles (EVs) and renewable energy systems, are driving market growth. Local building authorities and manufacturing industries are working together to meet fire safety regulations while minimizing the use of harmful chemicals and promoting sustainability. The chemistry behind flame retardants continues to evolve, with new products like FR1025 offering improved performance and reduced environmental impact.

Market Research Overview

The Flame Retardants Chemicals Market encompasses a wide range of chemicals used to enhance fire safety in various industries, including construction, telecommunications, energy, and manufacturing. Fire safety laws and building standards mandate the use of flame retardants in construction materials such as insulation, flooring, and coatings, as well as in wires and cables. Harmful chemicals like bromine and chlorine are commonly used as flame retardants, but concerns over their environmental impact and potential health effects, including neurological and developmental issues, have led to the development of environmentally friendly options. The market includes chemicals like flame retardant synergists, ATH, antimony oxides, and FR1025. Rapid urbanization and infrastructure development projects, as well as the growing use of combustible materials in textiles, plastics, and renewable energy systems, are driving market growth. However, industrial shutdowns and supply chain disruptions can impact production and availability. Consumers are increasingly demanding sustainable solutions, and the market is responding with innovative, eco-friendly alternatives. The flame retardants market is a complex and evolving industry, influenced by factors such as fire performance standards, regulation limits, and the chemistry behind the various flame retardant types.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Type
• Halogen
• Intumescent Coatings
• Inorganic Flame Retardants
• Nitrogen Flame Retardants
• Phosphorous
• Application
• Building And Construction
• Electricals And Electronics
• Textiles And Plastics
• Transportation
• Geography
• APAC
• Europe
• North America
• Middle East And Africa
• South America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio