Flame Retardant Chemicals Market Research Report 2022 – Global Forecast till 2032

“Fire safety requirements are becoming stricter around the world, prompting the development of novel flame retardant additives and has a significant influence on the growth of the flame retardant chemicals market.”

The increased use of fire-resistant products in different end-use industries, such as electrical and electronics, transportation, and construction, is expected to fuel demand for flame retardants.

Household fires are one of the leading causes of fatalities. Due to stringent fire safety rules, fire retardant chemicals are employed in construction materials and products which in turn propels the flame retardant chemicals market.

To meet fire safety and prevention laws, these industries are increasingly relying on flame retardant-based materials. Product demand is also being driven by a growing consumer awareness of the importance of increasing the fire safety of combustible materials and goods.

In 2020, COVID-19 had a negative impact on the market. Due to the pandemic scenario, building and car manufacture were temporarily halted during the government-imposed lockdown, negatively impacting demand for corresponding flame retardants.

However, the construction industry is quickly rebounding and is expected to grow in the next years, boosting demand for the flame retardant chemical market.

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How is the Flame Retardant Chemicals Market Segmented?

“Fire resistant chemicals are projected to be used more frequently because they play an important role in decreasing the general danger of fire related with the use of highly combustible feedstock in goods such as textiles, apparel, composites, and plastics.”

Flame retardant chemicals market can be segmented based on their application in the end user industries such as automotive, construction, textiles, electronics and electrical industry and others.

On the other hand, flame retardant chemicals market, based on the type of chemicals, is segmented as chlorinated flame retardant, boric acid flame retardant, brominated fire retardant, organophosphorus based flame retardant, ammonium phosphate fire retardant, nitrogen flame retardant, antimony oxide, Aluminium hydroxide fire retardant and other flame retardants.

Which is the Leading Region in the Flame Retardant Chemicals Market?

“Asia Pacific is a major electrical and electronics centre, with the biggest flame retardant market share. The presence of significant electronics industries, as well as increased construction activity, will drive the market in this region.”

Based on the regions of the world, the Flame Retardant Chemicals market can be segmented in to Asia-Pacific region, North America, Western Europe, Eastern Europe, Japan and Middle East and Africa.

The flame retardant chemicals market is expected to witness a moderate single digit growth in the next five years.

Among the regional segments, Asia-Pacific accounts for the largest share of global flame retardant chemicals market with China accounting for a large chunk of demand, Asia-Pacific is followed by North-America.

The growth of end user industries especially in the Asia-Pacific region has led to a significant growth in the global flame retardant chemicals market.

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What are the Factors Impacting the Growth of the Flame Retardant Chemicals Market?

“Due to increased construction activity around the world, the building and construction segment is likely to dominate the flame retardant chemicals market and rise during the forecast period.”

The growth of construction industry which employs flame retardants in insulation materials, paints and coatings and other materials, growth of automotive and electronics industry and other emerging application segments are expected to drive growth of flame retardant chemicals market.

Moreover, the regulations pertaining safety standards as regards to fire safety in the end user industries has led to significant increase in demand over the past few years in the global flame retardant chemicals market.

The growth of flame retardant chemicals market is however dependent on the price of feedstock or the raw materials required for producing these chemicals.

Moreover, some of the flame retardant chemicals being harmful to the environment have led to reduction in their use world over and this has also led to development of eco-friendly flame retardant chemicals which are expected to gain foothold in the global flame retardant chemicals market and in turn drive the growth of the flame retardant chemicals market.

The detrimental effects of halogenated flame retardants on persons and the environment have greatly slowed the expansion of halogenated flame retardants such as brominated, chlorinated, and others. Certain chemicals, such as hexabromocyclododecane (HBCD), are prohibited in the European Union, Japan, and Canada.

This has significantly fuelled the demand for safer and environmentally friendly flame retardants, such as phosphorous, bromine, and chlorine-based non-halogenated flame retardants. As it supports environmental sustainability, the shifting trend toward the replacement of halogenated flame retardants has primarily pushed innovation for new halogen free flame retardant.

The majority of the demand is predicted to come from applications such as polyolefins, epoxy flame retardant, and polyvinyl chloride (PVC).

The major players in the flame retardant chemicals market are Clariant, BASF, Chemtura, AkzoNobel, Ciba specialty chemicals, Lanxess AG, Bayer Material Science among the others.

These key players are incrementally shifting their focus towards halogen free flame retardants and non-toxic flame retardants.

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Key Segments