Market Overview
Global Flame Retardants Market is expected to register a CAGR of 6.5% to reach over USD 8,000 Million by the end of 2025. Flame retardants are materials which are added to compounds such as plastics, textiles, foams, and coatings to delay or prevent the ignition of fires. Flame retardants finds numerous end-use applications in diverse end-use industries such as building & construction, transportation, consumer goods, and electronics. Flame retardants are either added as a copolymer during the polymerization process, extrusion or molding process, or as a coating on the surface. They are generally categorized into two types that includes halogenated and non-halogenated flame retardants. Halogenated flame retardants are generally based on bromide or chlorine. They have excellent flame retardant characteristics in polyamide base system, but exhibits serious heath and environmental issues. Thus, various regulatory organizations such as the Restriction of Hazardous Substances Directive (RoHS), Restriction of Chemicals (REACH) by the Europe Union and the US Environmental Protection Agency (EPA), and the WEEE directives, and the Registration, among others, have banned most of the halogenated flame retardants that include brominated flame retardants (DecaBDE, PentaBDE, OctaBDE, etc.), chlorinated flame retardants (TCEP, TDCPP, HBCD), amongst others. Hence, Halogen-free flame retardants are considered as the viable alternatives offering similar fire resistance and technical capabilities as halogenated flame retardants. These halogen-free flame retardants produce less smoke and toxic components. Some of the halogen free flame retardants include mineral based flame retardants (aluminum trihydrate, magnesium hydroxide, and zinc stearate), phosphorus-based flame retardants (elemental phosphorus, organic phosphorus, and inorganic phosphorus), and nitrogen-based flame retardants (melamine cyanurate, melamine phosphate, and melamine polyphosphate), among others. These halogen free flame retardants are widely used in diverse end-use applications and have gained significant attention due to the growing flame retardant demand and ongoing regulations on halogenated flame retardants.


Market Dynamics
Global Flame Retardant Market is projected to witness healthy growth registering a CAGR of 6.5% during the forecast period, 2019–2025. The prominent factors driving the growth of the global market is the increasing application of flame retardants in building & construction, automotive, and electrical & electronics industry. Besides, factors such as the growing demand for lightweight plastic components over metal in transportation sector and rising incidences of fire accidents globally are likely to boost the global flame retardant market. The growing preference for halogen-free flame retardants over conventional flame retardants is one of the key trends noticed in the global market. Moreover, the use of recyclable halogen-free is likely to create a lucrative opportunities for the market in the coming future.
However, stringent regulations over the use of halogenated flame retardants and fluctuating raw material prices is likely to hamper the growth of the market. Furthermore, the escalating construction industry in the emerging economies such as China, India, and Indonesia owing to the rise in residential construction due to the increase in per capita disposable income and increase in investments by governments in commercial construction for infrastructural development is likely to fuel the growth of the global flame retardants market in the coming future.

Segmentation
Global Flame Retardants Market has been segmented by Type, Resin, Application, and Region.
Based on Type, the global Flame Retardants market has been segmented into non-halogenated and halogenated flame retardants. The non-halogenated segment holds the largest market share of over 60% and is expected to register a CAGR of 7% between 2019-2025 owing to the non-toxic nature of halogen-free flame retardants and widespread usage of flame retardants globally.
Based on Resin, the global market has been segmented into polyethylene, polypropylene, epoxy, unsaturated polyesters, polyvinyl chloride, styrenics, engineered thermoplastics, rubber, and others. The polyethylene segment accounts for the largest market share of above 25% and is expected to witness a fastest growth of around 8% to reach over USD 3,500 million by 2025 among other resins. The growth of this segment is attributed to the outstanding physical properties such as high strength, rigidity and toughness offered by polyethylene, widespread availability, and extensive use of flame retardant polyethylene in building and construction and transportation industry.
The global flame retardants market has a broad range of applications. Based on application, the global market has segmented into building & construction, electricals & electronics, transportation, textiles, and others. The Building and construction application accounts for the largest share of over 40% in the global market and is the fastest growing segment with CAGR of around 7.5% from 2019 to 2025. The growth in this segment is attributed to the growth in infrastructural activities across the globe, especially in residential segment.
Global Flame Retardants Market Share, by Region, 2018 (%)

Regional Analysis
The global Flame Retardants market has been divided based on region into Asia-Pacific, Europe, North America, Latin America and Middle East & Africa.
The Asia-Pacific market accounts for the largest share of around 50%in 2018 in the global flame retardants market due to the growth in consumer electronics, electrical, and automotive industries. Moreover, the increase in per capita spending on infrastructural developments by governments and individual, especially in emerging economies such as China, India and Indonesia are likely to boost the flame retardants market in the region. The Asia Pacific market was valued at around USD 4,000 million and is expected to register the highest CAGR of over 7.5% throughout the forecast period.
Europe was the second largest market with market share of around 25% in 2018 in the global flame retardants market owing to the growing construction activities in Eastern Europe due the increase number of single-family dwellings, growing formal lending to households, and low mortgage and interest rates. Furthermore, stringent government regulations by Restriction of Chemicals (REACH) by the Europe Union on conventional flame retardants is likely to boost the growth of flame retardant market in the region over the forecast period. Europe market has registered a moderate growth with CAGR around 5.5% between 2019 to 2025 and is expected to reach a value of over USD 2,500 million by 2025 end.
North America accounts for around 20% of the global share and is expected to register a CAGR of around 6%. The growth in the region is mainly attributed to the increase in residential construction with the growing need for single-family dwellings. The North America market was valued at around USD 1,600 million in 2018 and is expected to reach around USD 2,500 million over the forecast period. Flame retardant market in Latin America and Middle East and Africa has witnessed a significant growth over the forecast period. This growth is attributed to the growing automobile industry in the Latin America region, especially Mexico and favorable fire protection regulation in many industries such as building and construction and automobile industry.

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Key Players
Clariant, ICL, LANXESS, BASF SE, RTP Company, Nabaltec AG, Celanese Corporation, Greenchemicals SpA, Kisuma Chemicals, Dow, Akzo Nobel N.V., Amfine Chemical Corporation, J.M. Huber Corporation, and Italmatch Chemicals SpA
The global Flame Retardants market is characterized by the presence of many global, regional, and local vendors. The market is highly fragmented with all the players competing to gain maximum market share. The increasing focus on sustainability and stringent government regulations are prompting manufacturers to focus on the development of flame retardants meeting global environmental compliance. The key players are emphasizing on the development of halogen-free flame retardants with improved performance in their product portfolio to gain a competitive advantage. Furthermore, the players are highly investing in R&D and increasing production capacity of environmentally friendly flame retardants. For instance, ICL increased production capacity of FR1025 polymeric flame retardant owing to the increasing demand in the automotive industry.
The players operating in the global flame retardants market are adopting various strategies such as expansion, mergers & acquisitions, alliances, joint ventures, and expansion to maintain the position and increase the geographic presence. New product launch was the most widely employed growth strategy amongst many market players to capture maximum market share. For instance,
• In 2019, Clariant, a leading specialty chemicals company, launched 11 new additives based on renewable feedstock under the brands Exolit OP Terra and Licocene Terra. These Exolit OP flame-retardants have been proven to achieve UL 94 V-0 rating even after multiple recycling processes. Moreover, with stable flame retardancy, the new Exolit OP Terra range is used in applications such as electronics, electrical equipment, and automobile components.
• In 2019, SONGWON, launched a halogen-free flame retardant to offer high performance and competitive advantages in numerous applications under its ongoing commitment to sustainability.

Market Segmentation
Global Flame Retardants Market, by Type
• Non-Halogenated
o Aluminum Trihydrate
o Organo-Phosphorus
o Magnesium Hydroxide
o Others
• Halogenated
o Brominated
o Chlorinated
o Others
Global Flame Retardants Market, by Resin
• Polyethylene
• Polypropylene
• Epoxy
• Unsaturated Polyesters
• Polyvinyl Chloride
• Styrenics
• Engineered Thermoplastics
• Rubber
• Others
Global Flame Retardants Market, by Application
• Building & Construction
• Electricals & Electronics
• Transportation
• Textiles
• Others
Global Flame Retardants Market, by Region
• North America
o US
o Canada
• Europe
o Germany
o Russia
o Italy
o France
o Spain
o UK
o BENELUX
o Poland
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Rest of Asia-Pacific
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of Middle East & Africa
Available Additional Customizations
• Company Profiles of Other Key Players
• Regulatory Framework of General Chemicals
• Raw Material Pricing Analysis
• Pricing Analysis
Intended Audience
• Flame Retardants manufacturers
• Suppliers and traders
• Government, associations, and industrial bodies
• Investors and trade experts
• Consulting in Flame Retardants experts


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