Flame retardant chemicals find major use in different end-user industries. This enables their use in variety of consumer and industrial applications. The major end-user industry of flame retardant chemicals is building & construction, which accounts for a majority of their usage, followed by wires & cables, electronics, automotive & construction, textiles, and other applications.
Of the five main flame retardant chemicals, brominated flame retardant chemicals have been the most successful, as demonstrated by BASF major companies. This success story is now spurred on by increased investment in the sector. Antimony oxides and organophosphorus flame retardant chemicals are the sectors that have received the most funding, as the companies are investing to increase their flame retardant chemicals capacities by establishing new plants and expanding the capacities of the existing ones. Albemarle Corporation (U.S.) and Chemtura Corporation (U.S.) appear to be breaking out as emerging winners. The share of antimony oxides and other flame retardant chemicals is also increasing, driven by increased usage in end-user industries.
The flame retardant chemicals market has a significant number of small as well as few big manufacturers. The companies in the flame retardant chemicals market are segmented according to type of flame retardant chemicals produced by them. Some of the manufacturers focus on producing halogenated flame retardant chemicals, while others focus on producing non-halogenated flame retardant chemicals. In the flame retardant chemicals market, the companies are focusing on new product development to increase their product portfolio that suits various industries. On the other side, companies are also focusing on capacity expansion to increase their production capacities, which will further help them to cater to the rising demand.
The flame retardant chemicals market has a specific set of raw materials; every flame retardant chemicals manufacturer uses different type of raw materials and ingredients to manufacture different types of flame retardant chemicals. The industry also lacks the need for bulk suppliers. The raw materials that are used in bulk are bromine, chlorine, aluminum, phosphorus, and others. Price increases in raw materials force the manufacturers to increase the price of flame retardant chemicals-based products, which creates a threat of reduction in the demand.
This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as the drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as Albemarle Corporation (U.S.), Israel Chemicals Ltd. (Israel), Chemtura Corporation(U.S.), BASF SE (Germany), Clariant AG ( Switzerland), Bayer Material Science (Germany), Lanxess (Germany), DIC Corporation (Japan), E.I. Du Pont De Nemours and Company (U.S.), Akzonobel N.V. (Netherlands) have also been profiled in this report.
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