The flame retardant chemicals market is expected to grow at a healthy pace in the next five years to reach $10,340 million by 2019. Asia-Pacific dominates the flame retardant chemicals market due to high usage of flame retardant chemicals in various end-user industries.
Consumer markets, including equipment & electronics, automotive & construction, in the emerging economies will present enormous opportunities for manufacturers and suppliers in the future especially the ones involved in infrastructure applications, so the boom in these sectors in emerging econmoies will increase the demand for flame retardant chemicals and the products based on it. The factors that drive the growth in the flame retardant chemicals market include high demand from current & emerging applications, demand from emerging econmoies, and advancement in technology. The construction and automotive industry and other major end-user industries of flame retardant chemicals are on a boom globally. This will increase the demand for flame retardant chemicals and flame retardant chemicals-based derivatives.
The factors that are providing hindrance in the growth of this market are the increasing regulations to protect the environment, and increasing prices may lead to the decrease in demand. Owing to the rising feedstock costs, the major producers are increasing prices of flame retardant chemicals.
The flame retardant chemicals market size is analyzed in terms of value ($million) and consumption (KT) for all regions, and its respective major countries. The revenues from each region have been broken down by applications in end-user industries, namely, building & construction, electronics, automotive & transportation, wires & cables, textiles, and other applications. Also, the types of flame retardant chemicals that are identified and included are aluminum trihydrate, antimony oxides, brominated, chlorinated, organophosphorus, and other flame retardant chemicals.
For this report, different secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, world economic outlook, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of the flame retardant chemicals market. The primary sources-experts from related industries and suppliers-have been interviewed to obtain and verify critical information as well as to assess the future prospects and market estimations.
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.