PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1804846
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1804846
The global flame retardants market size is projected to reach USD 10.52 billion by 2030 from USD 7.73 billion in 2024, at a CAGR of 5.32 %. Their usage is widespread in building & construction, electronics, automotive & transportation, textiles, and wire & cable industries, where fire prevention is a critical requirement. The main function of flame retardants is to stop flammability and limit the fire spread in materials, making them essential for enhancing safety standards in diverse industries.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million) and Volume (Kiloton) |
Segments | Type, Application, End-use Industry, and Region |
Regions covered | Asia Pacific, Western Europe, Central & Eastern Europe, North America, Middle East & Africa, and South America |
As international fire safety standards are getting more stringent and the issue of risk mitigation becomes more prominent, industries are becoming more inclined towards flame-retardant solutions to meet safety norms and save lives and assets. Increased use of fire-resistant materials is one of the key drivers of growing the market for flame retardants.
"Brominated segment accounted for the second-largest market share of the flame retardants market, in 2024"
Brominated flame retardants hold the second-largest share of the global flame retardants market, in terms of value, in 2024. This is fueled by their high flame suppression efficiency, cost-effectiveness, and compatibility with a wide range of polymers such as polystyrene, polyurethane, and epoxy. They are extensively applied in electronics & appliances, building & construction materials, and textiles, where reliable performance is necessary to meet strict fire safety regulations. Their strong functional efficiency and established use in vital applications continue to support their substantial market position, despite increasing regulatory restrictions in some regions due to environmental concerns.
"Unsaturated polyesters segment was the third largest application of the global flame retardants market, in terms of value, in 2024."
In terms of value, the unsaturated polyesters segment was the third-largest application of the global flame retardants market in 2024. Its widespread use in automotive and construction components, where adherence to fire safety standards is crucial, drives this dominance. These resins are inherently flammable, necessitating the incorporation of flame retardants to meet stringent regulatory standards. The expansion of this segment is also driven by the growing use of fiber-reinforced composites and molded components in industrial and infrastructure applications, where flame retardant performance is critical to ensure safety and long life.
"Automotive & transportation industry was the third largest end-use industry of flame retardants market, in terms of value, in 2024."
The automotive & transportation industry was the third-largest end-use industry in the global flame retardants market, in terms of value, in 2024. This is heavily attributed to the growing safety mandates and expanding use of lightweight, flammable materials like plastics and composites in vehicle interiors and electrical systems. The rising demand for electric vehicles (EVs), which need advanced thermal management and fire safety solutions for battery systems and wiring, further contributed to the dependence of the sector on flame retardants. Stringent fire safety mandates in commercial vehicles, aviation, and railway transport also encouraged steady usage of flame retardant material.
"Western Europe was the second largest region in the flame retardants market, in terms of value, in 2024."
Western Europe was the second-largest market in the global flame retardants market in terms of value, which was dominated by its advanced regulatory framework for fire protection in industries such as sectors like construction, electronics, automotive, and textiles. The region's strong manufacturing industry, especially in Germany, France, and Italy, and early adoption of non-halogenated and eco-friendly flame retardants also underpins demand. Moreover, the influence of major industry players and ongoing R&D in flame retardant technologies has bolstered the strength of Western Europe as a global player.
The key players profiled in the report include Albemarle Corporation (US), ICL Group Ltd. (Israel), LANXESS AG (Germany), J.M. Huber Corporation (US), Nabaltec AG (Germany), BASF SE (Germany), ADEKA Corporation (Japan), Avient Corporation (US), Clariant AG (Switzerland), and Italmatch Chemicals S.p.A. (Italy).
Research Coverage
This report segments the market for flame retardants based on type, application, end-use industry, and region and provides estimations of value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for flame retardants.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the flame retardants market; high-growth regions; and market drivers, restraints, and opportunities.