Halogen-Free Flame Retardant Market by Type, Application, End-Use Industry, & Region - Global Forecasts to 2021


Posted May 23, 2019 by Chemical-Research-Expert

The market size of halogen-free flame retardants was USD 3.36 Billion in 2015 and is projected to reach USD 5.38 Billion by 2021, registering a CAGR of 8.4% between 2016 and 2021.

 
The market size of halogen-free flame retardants was USD 3.36 Billion in 2015 and is projected to reach USD 5.38 Billion by 2021, registering a CAGR of 8.4% between 2016 and 2021.

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Halogen-free flame retardants are chemical compounds which when added to polymers in solid, liquid, or gaseous phase provide fire resistance to the final products on exposure to heat source. Different substances such as antimony trioxide, melamine, aluminum, phosphorus, and magnesium help in reducing the flame as per the composition—amount of filler added in the polymer matrix attributing to different end properties such as high thermal resistance, viscosity, and char formation.

Halogen-free flame retardants find their applications across all types of polymers that are used in electronics, construction, automotive, and other industries. The polyolefin application is expected to be the major segment, followed by epoxy resin and unsaturated polyester (UPE). Polyolefins are the most widely used polymer and have a wide range of applications across all industries.

The use of polyethylene and polypropylene is increasing in various consumer-centric industries. Polyethylene and polypropylene are the most widely used polymers. These polymers, when mixed with halogen-free flame retardants, are mostly used for packaging, wires & cables, circuit boards, and various other uses to maintain fire resistance. The flourishing electronics and automotive industries will catalyze the demand for epoxy resin application of halogen-free flame retardants.

Halogen-free flame retardants are used across various industries, the major industries being electrical & electronics, building & construction, and transportation. They are used in electric wire insulation materials, building materials, automotive parts, and textiles & home furnishings.

Strict fire safety standards to reduce the risk of spread of fire in residential and commercial buildings are driving the growth of halogen-free flame retardants. The growing consumer electronics industries, coupled with strict environmental regulations on the materials used in electronics manufacturing, will fuel the growth of the halogen-free flame retardants market. Halogen-free flame retardants are used in circuit boards, electronic casing, and cables & wires.

North America is expected to dominate the halogen-free flame retardants market, followed by Western Europe. The strict regulations in these regions regarding the use of safer chemicals across all industry products will drive the market for halogen-free flame retardants.

The rising demand for safer consumer electronics and strict fire safety regulations for residential & commercial building materials will generate the demand for halogen-free flame retardants. Non-halogenated flame retardants are used in textiles, home furnishings, and furniture to reduce the risk of fire hazard.

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Currently, the global halogen-free flame retardants market is dominated by various market players such as Clariant International Ltd. (Switzerland), Lanxess AG (Germany), Israel Chemicals Ltd. (Israel), Albemarle Corporation (U.S.), Nabaltech AG (Germany), Chemtura Corporation Ltd. (U.S.), and others.

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Last Updated May 23, 2019