The global Flame Retardants market size is valued at $7.2 billion in 2022. The report provides market size forecasts, trends, and growth opportunities across different Flame Retardants types. Key market types including Aluminum oxides, Bromine compounds, Phosphorus compounds, Chlorine compounds, Antimony oxide, and others are analyzed in the industry. Further, potential flame-retardant applications including Building and Construction, Electrical and Electronics, Cables and Wires, Transportation, Textile and Furnishing, and others are analyzed in the report. Leading companies and market size outlooks across 25 countries are included in the study.
Introduction to Flame Retardants Market, 2023
Flame Retardants to prevent or delay fire growth are widely being procured by commercial and industrial consumers worldwide. Different types of Flame Retardants such as reactive or additive types based on functions, organic and inorganic types are marketed by companies. Products manufactured using different chemicals such as bromine, chlorine, phosphorous, metal hydroxides, nitrogen, boron compounds, antimony, and others are marketed for different applications.
Flame Retardants Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
The global Flame Retardants market size stood at $7.2 billion in 2022. Further, the market is poised to register a growth rate of 6.31%, compounded annually between 2023 and 2030. The market growth is predominantly driven by widening applications and new product launches.
Market Drivers- Strong demand growth for halogen-free Flame Retardants
Halogen-free (Non-halogenated Flame Retardants) are witnessing rapid demand growth across applications for prevention or delaying the spread of fire. Halogenated Flame Retardants offer excellent performance, but they pose health and environmental problems. Accordingly, organic chemicals such as specific brominated, chlorinated Flame Retardants face challenges for future growth.
With the growing drive towards non-toxic and environment-friendly chemicals, non-halogenated fire retardants are witnessing strong market growth. Flame-retardant vendors are widely marketing halogen-free products with high insulating properties, improved thermal resistance, and other features for use in high-performance applications.
However, mineral-based Flame Retardants pose challenges such as very high dosage levels required to be added, and relatively low performance compared to halogenated compounds.
Market Trends- An estimated 8% to 10% decline estimated in Flame Retardants due to COVID-19
COVID-19 left a negative impact on the global Flame Retardants industry with demand estimated to have declined between 8% and 10% across most regions. With the shutdown of manufacturing operations, lockdown restrictions, and reduced demand from end-user industries, the global Flame-retardant companies witnessed a strong decline in sales.
However, with growing consumer confidence, we estimate the end-user activities to resume in building and construction, electronics and electrical goods, cables and wires, textiles, furnishings, plastics, and other industries. Further, the low oil price environment will support the margins for retardant manufacturers. However, research and development activities aimed at developing new and innovative products are likely to be delayed. We expect most companies to focus on aggressive marketing of existing products instead of new product launches during 2021 and 2022.
The long-term outlook remains robust for the market as the recovery is poised to continue through 2025. Leading brome-producing companies like Tosoh Corporation plan to expand their bromine production capacity to support future demand from Flame Retardants and other bromine uses.
Flame Retardants Market Share Analysis- Textile industry finds significant uses for Flame Retardants
Textile is one of the versatile users of Flame Retardants, with Flame Retardants applied at the final stage of manufacture or at the fiber level itself. Curtains, carpets, and other textiles coated with Flame Retardants significantly slow down and/or prevent fires. Further, products with high sustainability, environmentally friendly, fashionable, aesthetic, and adhering to regulatory standards are widely marketed. During 2020, the market for Flame Retardants in the textile and furnishing industry stood at US$579.8 million. However, with recovering market conditions and investments in R&D, the market offers robust growth potential through the forecast period.
Flame-retardant Market Segmentation
Types
Applications
Companies
Region
1. Executive Summary
1.1 Introduction to Flame Retardants Markets
1.2 Flame Retardants Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Flame Retardants Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Flame Retardants Market Trends
3.1.1 Increasing demand for Non-Halogenated Flame Retardants
3.1.2 Swift demand growth from end-user industries
3.1.3 Focus on emerging markets in Asia Pacific and Latin America
3.2 Key Flame Retardants Market Growth Drivers
3.2.1 R&D efforts in developing new chemicals
3.2.2 Increasing fire safety regulations
3.3 Key Flame Retardants Market Growth Restraints
3.3.1 Fluctuating Raw Material Prices
3.3.2 Intense Competitive Conditions in the fairly consolidated market
4 Flame Retardants Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Flame Retardants Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Flame Retardants Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Flame Retardants Market Size Outlook to 2030
5. Flame Retardants Market Segmentation- Outlook by Type
5.1 Flame Retardants Market Share Analysis by Type, 2023
5.2 Aluminum oxides Market Outlook to 2030
5.3 Bromine compounds Market Outlook to 2030
5.4 Phosphorus compounds Market Outlook to 2030
5.5 Chlorine compounds Market Outlook to 2030
5.6 Antimony oxide Market Outlook to 2030
5.7 Others
6. Flame Retardants Market Segmentation- Outlook by Technology
6.1 Flame Retardants Market Share Analysis by Technology, 2023
6.2 Building and Construction: Flame Retardants Market Outlook to 2030
6.3 Electrical and Electronics: Flame Retardants Market Outlook to 2030
6.4 Cables and Wires: Flame Retardants Market Outlook to 2030
6.5 Transportation: Flame Retardants Market Outlook to 2030
6.6 Textile and Furnishing: Flame Retardants Market Outlook to 2030
6.7 Others
7. North America Flame Retardants Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Flame Retardants Market Growth Opportunities
7.2.1 North America Flame Retardants Market Outlook by Type, 2021 to 2030
7.2.2 North America Flame Retardants Market Outlook by Application, 2021 to 2030
7.2.3 North America Flame Retardants Market Outlook by Country, 2021 to 2030
7.3 United States Flame Retardants Market Outlook, 2021 to 2030
7.4 Canada Flame Retardants Market Outlook, 2021 to 2030
7.5 Mexico Flame Retardants Market Outlook, 2021 to 2030
8. Europe Flame Retardants Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Flame Retardants Market Growth Opportunities
8.2.1 Europe Flame Retardants Market Outlook by Type, 2021 to 2030
8.2.2 Europe Flame Retardants Market Outlook by Application, 2021 to 2030
8.2.3 Europe Flame Retardants Market Outlook by Country, 2021 to 2030
8.3 Germany Flame Retardants Market Outlook, 2021 to 2030
8.4 France Flame Retardants Market Outlook, 2021 to 2030
8.5 United Kingdom Flame Retardants Market Outlook, 2021 to 2030
8.6 Spain Flame Retardants Market Outlook, 2021 to 2030
8.7 Italy Flame Retardants Market Outlook, 2021 to 2030
8.8 Other Europe Flame Retardants Market Outlook, 2021 to 2030
9. Asia Pacific Flame Retardants Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Flame Retardants Market Growth Opportunities
9.2.1 Asia Pacific Flame Retardants Market Outlook by Type, 2021 to 2030
9.2.2 Asia Pacific Flame Retardants Market Outlook by Application, 2021 to 2030
9.2.3 Asia Pacific Flame Retardants Market Outlook by Country, 2021 to 2030
9.3 China Flame Retardants Market Outlook, 2021 to 2030
9.4 Japan Flame Retardants Market Outlook, 2021 to 2030
9.5 India Flame Retardants Market Outlook, 2021 to 2030
9.6 South Korea Flame Retardants Market Outlook, 2021 to 2030
9.7 Indonesia Flame Retardants Market Outlook, 2021 to 2030
9.8 Other Asia Pacific Flame Retardants Market Outlook, 2021 to 2030
10. South and Central America Flame Retardants Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 South and Central America Flame Retardants Market Growth Opportunities
10.2.1 South and Central America Flame Retardants Market Outlook by Type, 2021 to 2030
10.2.2 South and Central America Flame Retardants Market Outlook by Application, 2021 to 2030
10.2.3 South and Central America Flame Retardants Market Outlook by Country, 2021 to 2030
10.3 Brazil Flame Retardants Market Outlook, 2021 to 2030
10.4 Argentina Flame Retardants Market Outlook, 2021 to 2030
10.5 Other Latin America Flame Retardants Market Outlook, 2021 to 2030
11. Middle East and Africa Flame Retardants Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and Africa Flame Retardants Market Growth Opportunities
11.2.1 Middle East and Africa Flame Retardants Market Outlook by Type, 2021 to 2030
11.2.2 Middle East and Africa Flame Retardants Market Outlook by Application, 2021 to 2030
11.2.3 Middle East and Africa Flame Retardants Market Outlook by Country, 2021 to 2030
11.3 Saudi Arabia Flame Retardants Market Outlook, 2021 to 2030
11.4 United Arab Emirates (the UAE) Flame Retardants Market Outlook, 2021 to 2030
11.5 Other Middle East Flame Retardants Market Outlook, 2021 to 2030
11.6 Egypt Flame Retardants Market Outlook, 2021 to 2030
11.7 South Africa Flame Retardants Market Outlook, 2021 to 2030
11.8 Other Africa Flame Retardants Market Outlook, 2021 to 2030
12. Profiles of major world Flame Retardants Companies
12.1 Albemarle Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.2 Clariant AG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.3 BASF SE
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.4 LANXESS AG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.5 Budeheim Chemicals KG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.6 Israel Chemicals Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.7 Dow Chemical Company
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.8 Huber Engineered Materials
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.9 Italmatch Chemicals SpA
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
Increasing demand for Non-Halogenated Flame Retardants; Swift demand growth from end-user industries; Focus on emerging markets in Asia Pacific and Latin America; R&D efforts in developing new chemicals.
The global Flame Retardants market size stood at $7.2 billion in 2022.
The market is poised to register a growth rate of 6.31%, compounded annually between 2023 and 2030.
The market is fairly consolidated with the dominance of Albemarle Corporation, Clariant AG, BASF SE, LANXESS AG, Budeheim Chemicals KG, Israel Chemicals Ltd, Dow Chemical Company, Huber Engineered Materials, Italmatch Chemicals SpA, and others.
Non-halogenated flame retardants in Asia Pacific offer robust growth prospects