The Global Flame Retardants Market is expected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30. Most of the market expansion would be propelled by the rising fire safety laws, the rapidly expanding end-user verticals like electronics & electrical, construction, textile, automotive, etc., and the burgeoning use of plastic in almost every industry.
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Top leading companies in the Global Flame Retardants Market includes:
Lanxess AG, Albemarle Corporation, Clariant International Ltd., Chemtura Corporation, Israel Chemicals Limited (ICL), BASF SE, LG Chem, The Dow Chemical Company, Italamtch Chemicals, Nabaltech AG, Huber Engineered Materials, DuPont, Hongboali Group Co. Ltd., Huntsman International LLC, FRX Polymers, Inc., and Akzo Nobel.
Global Flame Retardants Market Driver:
Rise in Strict Regulations Regarding Fire & Human Safety – The primary aspect projected to drive the Global Flame Retardants Market during 2024-30 is the increasing rules & regulations regarding fire & human safety worldwide. Governments of various countries are actively focusing on preventing fire & explosion-related incidents in offices, industries, public places, etc., which, in turn, has led to the implementation of stringent rules for industries to use flame retardants in cables, wires, construction products, insulation materials, textiles, automotive components & interiors, and paints & coatings in order to reduce the chances of combustion, i.e., stimulating the overall market expansion.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Alumina Trihydrate
-Brominated Flame Retardants
-Antimony Trioxide
-Phosphorous Flame Retardants
-Others
By Application
-Unsaturated Polyester Resins
-Epoxy Resins
-PVC
-Rubber
-Polyolefins
-Styrenics
-Others
By End User Industry
-Building & Construction
-Automotive & Transportation
-Electronic & Electrical
-Others (Adhesives, Textiles, Aerospace, etc.).
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Global Flame Retardants Market Geographic Reach:
The Geographic Reach of the Global Flame Retardants Market evaluates the spread and significance of Global Flame Retardants market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, South Africa, Saudi Arabia, Rest of MEA.
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