Flame Retardant Market Size To Reach $14.90 Billion By 2030

Flame Retardant Market Growth & Trends

The global flame retardant market size is expected to reach USD 14.90 billion by 2030, registering a CAGR of 7.1% during the forecast period, according to a new report by Grand View Research, Inc. This growth can be attributed to the growing application scope in key end-use industries including automotive, electrical & electronics, transportation, construction, and others. In addition, increasing demand for these products in applications, such as polyolefin, Engineering Thermoplastics (ETP), epoxy resins, Polyvinyl Chloride (PVC), and rubber, coupled with the presence of favorable government regulations, especially in Asia Pacific, North, America, and Europe, will drive the market in the coming years.

Halogenated products, including brominated, chlorinated, phosphate-based, and antimony trioxide-based, are widely used in various applications, such as printed wiring boards, wires & cables, floorings, flexible polyurethane foams, polyolefins, polyamides, wall sheeting, refrigeration, and others. The demand for environmentally friendly products, such as non-halogenated flame retardants, is growing at a rapid pace. The Asia Pacific, North America, and Europe regions have emerged as the largest consumers owing to the presence of stringent environmental sustainability policies and the rising awareness about fire safety among consumers.

Phosphorus-based flame retardants, both chlorinated and non-halogenated, are extensively used in flexible and rigid polyurethane foams and the demand is anticipated to augment in the coming years. They have wide application prospects, and it is a vital part of inorganic flame retardants. These products can be divided into inorganic and organic phosphorous products. Asia Pacific holds a substantially high share owing to the increasing product penetration in the end-use industries including automotive, electrical & electronics, construction, and others. The markets in Asia Pacific are witnessing high production, especially in countries, such as India, China, Japan, and South Korea, owing to the growing emphasis on eco-labeled fire resistance products.

The COVID-19 pandemic has highly impacted the growth of the automotive and construction, sectors. The halting of manufacturing activities, slowing down of construction projects, and ongoing labor shortages owing to travel restrictions are expected to affect the demand for the products and their derivatives in construction applications over the forecast period. The global market is highly competitive due to the presence of a large number of multinationals that are engaged in constant R&D activities. Companies, such as BASF SE, Clariant, DuPont, DSM, Albemarle Corp., and LANXESS have a global presence and dominate the market due to a wide range of products for each application market. A majority of these companies have integrated their business operations across the value chain.

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Flame Retardant Market Report Highlights

• Asia Pacific was the dominant regional market in 2022 owing to the increased investments in the end-use industries, such as transportation and construction, especially in developing countries like India

• The U.S. accounted for the largest share of the North America regional market in 2022 due to the large-scale production and rapid growth of the electrical & electronics, automotive, and construction sectors in the U.S.

• The non-halogenated product segment accounted for the highest revenue as well as volume share in 2022 owing to increased environmental concerns and stringent government regulations

• By application, Polyolefins segment accounted for the largest revenue share in 2022. Due to the growing use of polyolefins as plastics in numerous applications.
  

Flame Retardant Market Segmentation

Grand View Research has segmented the global flame retardant market based on product, application, end-use, and region:

Flame Retardant Product Outlook (Revenue, USD Million; Volume, Kilo Tons, 2018 - 2030)

• Halogenated

  • Brominated

  • Chlorinated Phosphates

  • Antimony Trioxide

  • Others

• Non-Halogenated

  • Aluminum Hydroxide

  • Magnesium Dihydroxide

  • Phosphorus Based

  • Others

Flame Retardant Application Outlook (Revenue, USD Million; Volume, Kilo Tons, 2018 - 2030)

• Polyolefins

• Epoxy Resins

• UPE

• PVC

• ETP

• Rubber

• Styrenics

• Others

Flame Retardant End-use Outlook (Revenue, USD Million; Volume, Kilo Tons, 2018 - 2030)

• Construction

• Transportation

• Electrical & Electronics

• Others

Flame Retardant Regional Outlook (Revenue, USD Million; Volume, Kilo Tons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

List of Key Players of Flame Retardant Market

• Albemarle Corporation

• ICL

• LANXESS

• CLARIANT

• Italmatch Chemicals S.p.A

• Huber Engineered Materials

• BASF SE

• THOR

• DSM

• FRX Innovations

• DuPont