The global flame retardant market is expected to rise at a CAGR of 5.9% to reach USD 11,175.9 million by the end of 2027 on account of the increasing fire safety regulations adopted by various end-user industries worldwide. Flame retardants are chemicals added to flammable materials such as plastic, coatings, textiles, and others to prevent fire incidents. Flame retardants are also added to products such as electric wires, computers, mattresses, foams, automobile parts, and others for protection against fire.

We are all going through difficult times due to the current coronavirus pandemic. Most businesses are temporarily closed as the governments of various nations imposed lockdown measures to protect people from the COVID-19 epidemic. Research and development activities on the invention of an antidote to fight coronavirus are still in its nascent stage. The world economy is facing a significant drawback due to business halt.

Special reports on various markets affected by the coronavirus pandemic are provided by Fortune Business Insights. We aim at guiding the investors to offer complete evaluations of the market, current situation, and prospects so that they can accordingly chalk out plans to gain maximum revenue in the near future.

The Report Answers the Following Questions:

What is the competitive landscape of the market?
How will end-user applications help promote growth?
What are the key strategies adopted by players in this market?
What are the significant industry developments in this market?
Segment

Antimony Oxides Segment Earned Highest Share Soon to be Overpowered by ATH Segment

The market was dominated by the antimony oxides segment with a 26.6% flame retardant market share in 2019. However, the ATH or the aluminium trihydrate segment is likely to emerge dominant in the forecast period as it does not emit any toxic smoke while burning and is, therefore, the most widely used component in the field of flame retardants today.

Some of the Key Players of the Flame Retardant Market include:

Thor (UK)
Italmatch Chemicals S.p.A. (Italy)
Huber Engineered Materials (United States)
Kisuma Chemicals (Netherlands)
Nabaltec AG (Germany)
Dow (United States)
Akzo Nobel N.V. (Netherlands)
BASF SE (Germany)
ICL Group (Israel)
Lubrizol Corporation (United States)
Clariant (Switzerland)
LANXESS (Germany)
Others
Browse Complete Summary of research Report: https://www.fortunebusinessinsights.com/flame-retardants-market-102909

Regional Analysis-

Asia Pacific Emerged Dominant Accountable to Increasing Construction Activities

Asia Pacific accounted for the largest flame retardant market share in 2019 with a revenue of USD 3,173.7 million. This is owing to the presence of prominent electronics production industries and an increasing number of construction activities occurring in the region. On the other hand, the market in North America will rise remarkably in the coming years on account of the stringent regulations imposed mandatorily on fire safety in all end-products. Furthermore, the Europe market will exhibit significant growth in the coming years on account of the rising use of flame retardant products by the automotive industry.