The market of flame retardant chemicals is expected to grow with the CAGR of 7.3% during 2015-2021.

It is expected that market of flame retardant chemicals will grow with a healthy pace in the upcoming years. The main reason for the growth of the market is the increasing concerns of various economies, industries and even household to prevent fire. The ability of flame retardant chemical market to suppress delay or inhibit the fire is the main reason why it is witnessing such a growth. There are a number of factors driving the market such as increasing safety regulations for fire, lesser toxic emissions, increasing use of flame retardant chemical across various industries such as furnishing, electronic equipments, transportation, textiles etc. Continuous R&D is done in the field due to which better products are developed. Various restraints affecting the market are stringent environment regulations, various health related concerns and increasing price of the chemicals.

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