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Global Halogen-Free Flame Retardant Chemicals Market Insight2022-04-12 Comments
The Halogen-Free Flame Retardant Chemicals is forecast to steady growth over the next four years. According to the WK-chem Research “Global Halogen-Free Flame Retardant Chemicals Professional Survey Report 2022, Forecast to 2027”, With environmental awareness increases, so does the demand for more environmentally friendly alternatives，the Halogen-Free Flame Retardant Chemicals industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.97% base on WK-chem Research regression analysis model.
“The growing number of residential and commercial locations increases the chance of explosion and fire-related incidents. Because of this, the demand for the product market will also be further affected, and industry players should ensure the reliability of their products to adapt to the development of the industry.“said Jimmy Joy, Senior analyst, Chemicals & Materials Market Research Center in WK-chem Research.
Flame retardants are used in circuit boards, electronic enclosures, and cable and wire systems. Strict government regulations on toxic halogenated flame retardants have greatly impacted the growth of the halogen-free flame retardants market. Consistent with this, the increasing use of polymers in the automotive industry along with stringent fire safety guidelines are also key determinants for the growth of the halogen-free flame retardants market. Growing concerns about human health, related to growing awareness of the need for environmental protection have led to the global ban of several halogenated flame retardants, which is also positively impacting the growth of the halogen-free flame retardants market. A major factor for the growth of the market is various regulations and safety measures regarding fire safety. In addition to this, the growing consumer awareness of toxic substances released by fires has also contributed to the booming market for halogen-free flame retardants. However, high loading levels of mineral-based flame retardants and easy availability of alternative products may act as key restraining factors for the growth rate of the halogen-free flame retardants market.
This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Halogen-Free Flame Retardant Chemicals companies that include Clariant AG (Switzerland), Lanxess AG (Germany), Israel Chemicals Ltd. (Israel), Nabaltec AG (Germany), BASF SE (Germany).
Segmentation of Halogen-Free Flame Retardant Chemicals Market:
According to the type, the market for Halogen-Free Flame Retardant Chemicals is divided into Aluminum Hydroxide and Organophosphorus.Aluminum Hydroxide dominates the market, and by combining these blends in a polymer matrix, the combined effect has been found to be more effective than the compounds acting individually. Synergist blends can reduce the weight percent of halogenated flame retardants, reduce toxicity and improve flame retardant properties.According to application, the Halogen-Free Flame Retardant Chemicals market is divided into Electrical & Electronics, Construction, Transportation.Construction occupies a dominant position in the market, driven by the urbanization process and awareness of safety precautions, and the large market demand has driven the market development.
Halogen-Free Flame Retardant Chemicals Market: Regional Analysis
In terms of geography, the global Halogen-Free Flame Retardant Chemicals market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.North America is currently the leading regional market for Halogen-Free Flame Retardant Chemicals due to The increasing use of halogen-free flame retardants is driven by stringent regulations and consumer awareness. Stringent and increasing environmental regulations and stringent standards set by other regulatory bodies have made North America a strong market for halogen-free flame retardant manufacturers.The Asia Pacific market is expected to grow with the highest CAGR.Due to the development of urbanization construction, more and more flame retardant products are mainly required, which further expands the market development.
Largest share area：North America
largest share country：the Unite States
Product Type: Aluminum Hydroxide and Organophosphorus.
Application：Electrical & Electronics, Construction, Transportation.
Leading Company：Clariant AG (Switzerland), Lanxess AG (Germany), Israel Chemicals Ltd. (Israel), Nabaltec AG (Germany), BASF SE (Germany).