NEW YORK, April 25, 2016 /PRNewswire/ -- "Government regulations giving momentum to innovation in technology drive the market"
The market size of halogen-free flame retardants is expected to reach USD 5.38 billion by 2021, registering a CAGR of 8.4% between 2016 and 2021. Halogen-free flame retardants are used in different applications ranging from electrical & electronics to a number of large industries. There are three types of halogen-free flame retardants including aluminum hydroxide, organo-phosphorus chemicals, and others (nitrogen, magnesium hydroxide, zinc, and borate). The new regulatory guidelines imposed by government along with rising awareness among end users for fire safe products has a great impact in the growth of halogen-free flame retardants market. Due to the bio-accumulation effect of halogenated flame retardants in plants and living beings leading to health issues, there is an increasing shift toward use of less toxic and more environmentally friendly product lines.
"Polyolefin application to dominate the market"
The polyolefin application led the global halogen-free flame retardants market in 2015. The increasing use in electrical wires and cables, roofing, and automotive parts is keeping the polyolefin application ahead of other applications. However, the massive industrialization in the emerging regions such as Asia-Pacific and the Middle East & Africa is influencing the growth of epoxy resins and unsaturated polyesters segment. Both of them have application in various industries such as building & construction materials, automotive, marine, wires & cables, and others.
"Asia-Pacific projected to be fastest-growing market during the forecast period"
Asia-Pacific is expected to witness the highest growth rate in the halogen-free flame retardants market, globally. Increasing environmental regulations imposed by government and industrial growth in the Asia-Pacific region led to the increasing demand of halogen-free flame retardants for automobiles and electrical & electronics industries
Break-up of profile of primary interviewees for the report
- By Company Type – Tier 1 - 31%, Tier 2 - 36% ,and Tier 3 - 33%
- By Designation – C Level– 43%, Director Level–30%, Others–27%
- By Region – North America–37%, Europe–23%, Asia-Pacific–26%, and RoW–14%
Some of the major companies profiled in this report are Clariant International Ltd. (Switzerland), Lanxess AG (Germany), Israel Chemical Ltd. (Israel), Albemarle Corporation (U.S.), Nabaltech AG (Germany), Chemtura Corporation Ltd. (U.S.), and others.
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- Porter's five forces analysis
- Value chain analysis
- Market segmentation (type, application, and region), by volume and value
- Competitor analysis
- Detailed information on strategic developments in the industry
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