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.
Stringent Government Rules Against Toxic Halogenated Flame Retardants
Growing Use of Polymers in the Automobile Industry
Strict Fire Safety Guidelines
High Loading Levels of Mineral-Based Flame Retardants
Lower Performance Than Halogenated Flame Retardants
Introduction of More Effective Synergist Compounds
Emerging Economies in the APAC Region
Rising Demand for Consumer Electronics Worldwide
Amfine Chemical Corporation
Budenheim Chemicals Kg
Century Multech, Inc.
Dongying Jingdong Chemical Co. Ltd.
Dupont De Nemours Inc.
Gulec Chemicals Gmbh
Huber Engineered Materials
Israel Chemicals Ltd. (Icl)
Italmatch Chemicals S.P.A.
Kisuma Chemicals Bv
Other Market Players
Polyplastics Co. Ltd.
Presafer (Qingyuan) Phosphor Chemical Co. Ltd
Qingdao Fundchem Co. Ltd.
Stahl Holdings B.V.
For more information about this report visit https://www.researchandmarkets.com/r/lvrpjq
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