Chicago, June 06, 2024 (GLOBE NEWSWIRE) — The Global Flame Retardants Market is estimated to grow from USD 7.0 billion in 2022 to USD 9.5 billion by 2028, at a CAGR of 5.2%, as per the recent study by MarketsandMarkets™. The flame retardants market is mainly driven by the increase in fire accidents in various industries and fire safety guidelines. The increasing demand for consumer electronics in the emerging markets of Asia Pacific are expected to provide growth opportunities for players in the flame retardants market.
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Browse in-depth TOC on “Flame Retardants Market”.
190 – Market Data Tables
80 – Figures
280 – Pages
List of Key Players in Flame Retardants Market:
Albemarle Corporation (US)
Clariant AG (Switzerland)
LANXESS AG (Germany)
BASF SE (Germany)
ICL Group Ltd. (Israel)
Nabaltec AG (Germany)
Huber Engineered Materials (US)
ADEKA Corporation (Japan)
Italmatch Chemicals S.p.A. (Italy)
Avient Corporation (US)
Drivers, Restraints, Opportunities and Challenges in Flame Retardants Market:
Drivers: Strict fire safety guidelines to increase the demand for flame retardants in various applications
Restraints: Harmful chemicals used in flame retardants
Opportunity: Rising demand for wires & cables globally
Challenges: Growing emphasis on environmental protection and sustainability
Key Findings of the Study:
Nitrogen is projected to register the highest CAGR, in terms of value, of the global flame retardants during the forecast period.
Building & construction is estimated to be the largest end-use industry of the flame retardants, in terms of value, during the forecast period.
Epoxy is estimated to be the largest application of the flame retardants, in terms of value, during the forecast period.
Western Europe is estimated to be the second-largest market for the flame retardants market, in terms of value, during the forecast period.
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