The Global Flame Retardant Market Covers Pin-point Analysis on Growth, Industry Size, statistics, Future Development Strategies and Business Opportunities The Global Flame Retardant Market report covers an exhaustive understanding of the Flame Retardant Industry that encompasses various important factors like the product type, sales, revenue, competition market size, regions, and applications. The report further provides a thorough understanding of the Flame Retardant Market through value chain analysis and SWOT, which helps the consumer/user/ reader to understand expected trends in the Flame Retardant Industry, demand-supply situation in the market, its weaknesses, strengths and various opportunities the market can offer. Statistics and data have been included in the Flame Retardant Market to support the information in the report through charts and tables for enhanced readability and to present more engaging content.
The Global Flame Retardant Market report 2018 covers deep dive segmentation in every aspect by type, application, application, end-user and region. Smart home is a smart system that anticipates and responds with intuitive and at times automated control of some or all of the amenities in a home that include TV, lighting, music, safety & security, climate, energy & water, and more. The smart home technology has grown tremendously since 2010 and transitioned from wired technology to wireless technology with emergence of wireless technologies, such as Bluetooth, Wi-Fi, and mobile Internet. The Internet of Things (IoT) has enabled the rapid growth of Flame Retardant, connecting physical devices with internet connectivity and sensors providing new services to households. The trend of smart home is shifting towards the centralized control. For example, Amazon Echo and Google Home are heading in the direction of centralized smart home control.
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The total Flame Retardant market is valued at USD 6.8 billion as on 2017 and is anticipated to reach USD 8.8 billion by the end of 2023, growing at a CAGR of 4.5%. Rising urbanization, along with government initiatives to provide affordable housing is expected to drive the demand of these products in construction sector especially in developing nations. Continued robust economic growth and increasing market penetration of flame retardants in industrialized countries, and rising personal incomes is further expected to increase the demand of flame retarded plastic products.
In 2017, Asia-Pacific region accounted for the largest market share in global flame retardant market accounting for more than 50% market share. It is further expected to grow at the fastest CAGR owning to growing use of flame retardants in China and India followed by Thailand. The demand of flame retardant in North America will rise at a faster pace as compared to other developed regions mainly due to reviving construction market of the US.
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In 2017, Non-halogenated flame retardants market accounted for largest market share of 60% in terms of volume. This product segment is further expected to witness a highest CAGR of 6% in the forecast period owing to high regulations aimed at phasing out halogenated flame retardant usage. Aluminium hydroxide (ATH) accounted for the highest market volume within the non-halogenated product segment at 1 million tons in 2017, and is further expected to grow at an estimated CAGR of 5% during the forecast period.
Electrical & electronics segment is the leading end-user industry of flame retardants with a market of 40% in 2017 and is further expected to witness a highest CAGR of 5% during the forecast period 2018 to 2023. Building & Construction end-user industry is projected to grow at a CAGR of 4.0% from 2018 to 2023 due to high use of flame retardant infused materials in structural insulations and elements.
Major market leaders are acquiring small companies to increase their footprint in the respective region. Companies are focusing more on product innovation to gain market share. Some of the market players active in the industry include Albemarle, BASF ICL, Chemtura, Clariant International Ltd., Italmatch Chemicals, Huber Engineered Materials, BASF, Thor Group Ltd., & DSM.
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Table of Contents
Introduction
Executive Summary
Flame Retardants, By Type
Factors influencing the demand of Flame Retardants
North America market analysis
Western Europe market analysis
Asia Pacific market analysis and more………
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