Jan 27, 2021   SOURCE: BusinessWire

The Worldwide Halogen-Free Flame Retardants Industry is Expected to Reach $6.2 Billion by 2025 - ResearchAndMarkets.com

The "Halogen-Free Flame Retardants Market by Type (Aluminum Hydroxide, Organophosphorus), Application (Polyolefins, UPE, ETP, Styrenics), End-Use Industry (Electrical & Electronics, Construction, Transportation), Region - Global Forecasts to 2025" report has been added to ResearchAndMarkets.com's offering.

The halogen-free flame retardants market is estimated to grow from USD 4.1 billion in 2020 to USD 6.2 billion by 2025, at a CAGR of 8.60%.

The halogen-free flame retardants market is driven mainly by stringent regulations against use of toxic halogentated flame retardants. However, lower performance than halogenated flame retardants is expected to restrain the market growth.

The major application of flame retardants is in electric wire insulation in building & construction and transportation. Flame retardants are used in circuit boards, electronic casing, and cables & wire systems. Strict fire safety standards to reduce the spread of fires in residential and commercial buildings are driving the demand for halogen-free flame retardants.

Organophosphorous expected to be the fastest-growing type of the halogen-free flame retardants market, in terms of value, between 2020 and 2025

The aluminum hydroxide segment accounted for the largest share in the halogen-free flame retardants market in terms of volume, however organophosphorous led the market in terms of value in 2019. It is also expected to register the highest CAGR during the forecast period. Organophosphorus halogen-free flame retardants possess high thermal stability with low loadings compared to other types of halogen-free flame retardants.

The high cost of phosphorus-based chemicals has limited their use in many industries so far. However, due to stringent regulations set by governments, the use of phosphorus-based chemicals has increased, leading to quality end products.

Their low loading levels as fillers in polymer blends make them more suitable for various applications by varying the composition. Therefore, they are a preferred choice for applications such as polyurethane foams, textiles, and engineering plastics

The polyolefins estimated to account for the largest share of the overall halogen-free flame retardants market, in terms of value, between 2020 and 2025

The halogen-free flame retardants market based on the application is segmented as pololefins, epoxy resins, unsaturated polyester, polyvinyl chloride, rubber, engineered thermoplastic, styrenics, and others. Polyolefins are the most widely used polymers. They have a wide range of applications across all industries. The use of polyethylene and polypropylene is increasing in various consumer-centric industries. The market for polyolefins is driven by the increased demand from various sectors, such as electrical & electronics, automotive, construction, and others. The demand for polyolefins is increasing due to its high thermal & chemical resistance and insulating properties.

Strong foothold of halogen-free flame retardants manufacturers in North America to drive the demand for halogen-free flame retardants in the region

North America is a global manufacturing hub and has stringent government regulations. The growth of the halogen-free flame retardants market in the region is supported by strong awareness about the toxicity of halogenated flame retardants.

The halogen-free flame retardants market in the APAC is estimated to register a CAGR between 2020 and 2025. The market in this region is primarily driven by the demand from the electrical & electronics industry and the growing economy. The market in Europe is growing at a comparatively slow rate. The slow growth rate is attributed to the regions' sluggish growth in industrial production.

Market Dynamics

Drivers

  • Stringent Government Rules Against Toxic Halogenated Flame Retardants
  • Growing Use of Polymers in the Automobile Industry
  • Strict Fire Safety Guidelines

Restraints

  • High Loading Levels of Mineral-Based Flame Retardants
  • Lower Performance Than Halogenated Flame Retardants

Opportunities

  • Introduction of More Effective Synergist Compounds
  • Emerging Economies in the APAC Region
  • Rising Demand for Consumer Electronics Worldwide

Companies Mentioned

  • Akzonobel N.V.
  • Amfine Chemical Corporation
  • Arkema Sa
  • Axipolymer Inc.
  • Basf Se
  • Budenheim Chemicals Kg
  • Celanese Corporation
  • Century Multech, Inc.
  • Clariant Ag
  • Dongying Jingdong Chemical Co. Ltd.
  • Dupont De Nemours Inc.
  • Greenchemicals Spa
  • Gulec Chemicals Gmbh
  • Huber Engineered Materials
  • Israel Chemicals Ltd. (Icl)
  • Italmatch Chemicals S.P.A.
  • Kisuma Chemicals Bv
  • Lanxess Ag
  • Nabaltec Ag
  • Other Market Players
  • Polyplastics Co. Ltd.
  • Presafer (Qingyuan) Phosphor Chemical Co. Ltd
  • Qingdao Fundchem Co. Ltd.
  • Rtp Company
  • Stahl Holdings B.V.
  • Thor Company

For more information about this report visit https://www.researchandmarkets.com/r/lvrpjq