Market Research Report
Flame Retardant Market Analysis By Product (Halogenated (Brominated, Antimony Trioxide), Non Halogenated (Aluminum Hydroxide, Magnesium Dihydroxide, Phosphorous)), By Application, By End-Use And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||398909|
|Published||Content info||95 Pages
Delivery time: 1-2 business days
|Flame Retardant Market Analysis By Product (Halogenated (Brominated, Antimony Trioxide), Non Halogenated (Aluminum Hydroxide, Magnesium Dihydroxide, Phosphorous)), By Application, By End-Use And Segment Forecasts, 2014 - 2025|
|Published: November 3, 2016||Content info: 95 Pages||
The global flame retardants market is expected to reach USD 11.96 billion by 2025, according to a new report by Grand View Research, Inc. Favorable regulatory scenario promoting the use of these materials for fire safety is expected to fuel market growth over the forecast period. Flame retardants are added to potentially flammable products as a precautionary measure against fire hazards.
Stringent fire safety regulations and guidelines have forced construction industry to adopt flame retardant usage. The usage of the high amount of composite material and plastics has increased the risk of fire hazards. To reduce this risk and to increase the critical escape time in case of fire hazards, there has been an increase in FR usage and this trend is expected to grow over the next nine years thus benefitting flame retardant demand.
Non halogenated flame retardants emerged as the leading product segment and accounted for 57.7% of total market volume in 2015. The product segment is also expected to witness the highest growth of 5.7% over the forecast period. Favorable regulations regarding the use of non halogenated flame retardants are expected to drive this segment over the forecast period.