Global Flame Retardants Market By Country, Product and Market, 6th Edition
As developed countries continue to enact bans and phaseouts of bromine- and chlorine-based flame retardants, export-oriented manufacturing hubs in the developing world have followed suit.
NEW YORK, June 1, 2017 /PRNewswire/ -- However, the world still needs flame retardant additives in insulation, phones, tablets, cable jacketing, and cars, meaning that substitutes have been found. As a result, halogen-free phosphorus compounds have become the largest single replacement for halogenated products, surpassing brominated retardants in market size in 2015.
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Global Flame Retardants answers these questions and more:
- Besides phosphorus, what environmentally friendly flame retardants stand to benefit from the phaseout of halogen-based compounds?
- Which end-use markets will provide the best growth opportunities through 2020?
- How does recent merger and acquisition activity in the global flame retardant industry affect market share?
Gains in US, India, Brazil, Eastern Europe to drive global market through 2020
Slower growth in China will be offset by improved flame retardant demand in India, and rapid growth in other developing markets, such as Mexico. Increases in value terms, on the other hand, will accelerate significantly, as global commodity prices improve from a low 2015 base.
Key Findings in the Flame Retardants Study:
Phosphorus flame retardants to win the halogen-free race
Phosphorus-based flame retardants will record by far the fastest market growth of any major product type. As halogenated retardants, such as decaBDE, are phased out across the world, end users have scrambled to find effective alternatives. Nonhalogenated phosphorus compounds have proven to be the best substitute on both a cost and performance basis. As a result, demand for these products overtook brominated retardants in 2015, becoming the second most widely used type of flame retardant. They will continue to record the fastest growth through 2020, as well.
Developing markets continue to see fastest growth, motor vehicles a bright spot
In percentage terms, the Africa/Mideast region will see the fastest expansion of any region. However, growth in the Asia/Pacific region will also be robust, and it will remain the largest regional market for flame retardants through 2020.
In both regions, improvements in motor vehicle production activity will provide significant opportunities for flame retardant suppliers. In addition, rising living standards in both regions is expected to improve vehicle quality, creating demand for car components that more closely resemble their developed world counterparts. This will spur demand for high performance under-the-hood plastics, as well as interior paneling and upholstery that contain flame retardant chemicals.
Tough times for bromine lead to merger and acquisition activity for market leaders
Significant merger and acquisition activity has occurred in the flame retardant industry over the past year. In February 2016, JM Huber's Huber Engineered Materials subsidiary acquired the mineral flame retardants business of Albemarle, to let the latter company focus on its brominated flame retardant business. In September 2016, German firm LANXESS agreed to purchase US-based Chemtura. Israel Chemicals is the only one of the major three brominated flame retardant suppliers that did not engage in any major acquisitions or divestitures in 2016.
Study Coverage
This study provides historical demand data (2005, 2010, and 2015), and forecasts (2020 and 2025). The industry is segmented by product (alumina trihydrate, phosphorus compounds, brominated compounds, antimony compounds, boron compounds, chlorinated compounds) and market (construction, electrical/electronic products, wire & cable, motor vehicles, textiles).
The study also provides company market share and competitive analysis on industry leaders such as Albemarle, Chemtura, China Minmetals, Clariant International, Israel Chemicals, Jiangsu Yoke Technology, JM Huber, LANXESS, Nabaltec, US Borax (Rio Tinto), and Zhejiang Wansheng.
Read the full report: http://www.reportlinker.com/p04895342/Global-Flame-Retardants-Market-By-Country-Product-and-Market-Edition.html
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