|Base Year Market Size
|USD 8.62 Billion
|Forecast Year Market Size
|USD 16.53 Billion
|Fastest Growing Market
The global flame retardant market size was valued at USD 8.62 billion in 2022. It is estimated to reach USD 16.53 billion by 2031, growing at a CAGR of 7.5% during the forecast period (2023–2031). Global construction sector expansion has been fueled by rising disposable income, which is anticipated to help the market for flame retardants.
A broad range of chemicals added to manufactured goods like plastics, fabrics, surface finishes, and coatings are called "flame retardants." When an ignition source is present, flame retardants become active and work in various physical and chemical ways to stop or delay the spread of ignition. They can be included in the polymerization process as a copolymer, later during the molding or extrusion, or (especially for textiles) as a topical finish. While organohalogen and organophosphorus chemicals can be either reactive or additive, mineral flame retardants are normally additive. Different basic mechanisms of flame retardancy exist depending on the flame retardant and the substrate. Flame-retardant substances that are additive or reactive can work in the vapor (gaseous) or condensed (solid) phases.
The expansion of important end-use industries is a primary driver of the global market for flame retardants. Major producers, including BASF SE, Clariant, LANXESS, and others, are investing in research and development to create novel compounds for use in applications that can counteract the limitations of flame retardants. Governments are very concerned about fire safety. Inflammable materials like plastics will likely be used more often over the projection period in important end-use industries, including the automotive, construction, and electrical industries. This will raise the risk of fire in these end-use industries. Flame retardants prevent fire from spreading and save the environment from smoke emissions. Due to their flame-retardant qualities, they increase the escape time. End-use businesses must abide by the fire safety laws that nations worldwide have established. The market for flame retardants is predicted to gain favorably from this development.
The automotive, electrical, and electronics sectors are the two industries that use flame-retardant materials most frequently. These industries use many flame retardants, and how much depends on the product function, the material, and the required fire resistance level. In the electrical and electronics business, plastic components are widely employed in various components, from USB hubs to insulated cables. This heavy use increases the risks of fire. Flame retardant chemicals are used in electrical and electronic devices to comply with legal requirements and lessen fire risk. This is expected to increase demand for flame retardants in the end-use industry.
In addition, leisure and a convenient lifestyle are in higher demand now than previously, and the electrical and electronics business meets these needs. Globally, especially in developing nations like Asia-Pacific, rising literacy rates, rising disposable income, and rising standards of life have fueled the expansion of the electrical and electronics industry. The market for flame retardants has recently benefited from this, and the trend is anticipated to last during the forecast period. The building and construction industries are another major user of flame retardants. The world population has increased significantly, and numerous nations have experienced rapid urbanization in recent years. Over the forecast period, both of these trends are anticipated to continue. Global construction sector expansion has been fueled by rising disposable income, which is anticipated to help the market for flame retardants.
Compared to halogenated flame retardants, low-smoke halogen-free flame retardants have many advantages. However, they have some operational problems, which are expected to impede its expansion. Flame retardants containing halogens are highly hazardous and have negative environmental impacts. Certain drawbacks of halogen-free flame retardants include color impartation and excessive loading levels. The drawback of magnesium hydroxide, a widely used halogen-free flame retardant for polypropylene, is its high loading level.
Magnesium hydroxide functions as a flame retardant and smoke suppressant in polymers. The global market is expected to be negatively impacted by a few operational issues with halogen-free flame retardants, even though they are safer and have several advantages over halogen-containing flame retardants.
Electrical and electronics had the highest penetration and growth rate among end applications in 2020. Many electrical and electronic equipment use flame retardants, including printed circuit boards, mobile phones, wires and cables, computers, and electrical sockets. These goods' incorporation of flame retardants enables manufacturers to adhere to strict fire safety rules. Regarding growth rate and penetration, the construction industry came second to electrical and electronic end-use. Governments have established regulations and recommendations for fire safety, forcing companies in the building sector to utilize materials with flame retardants.
Due to the current COVID-19 epidemic, automobiles, transportation, and other end uses like furniture had minimal penetration in 2020. However, these sectors are projected to have rapid development over the forecast period, mostly due to the enormous untapped potential in the transportation sector. However, the swift replacement of metals with plastics in the transportation industry is anticipated to increase demand for flame retardants.
Based on region, the global flame retardant market is bifurcated into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
Asia-Pacific is the most significant global flame retardant market shareholder and is estimated to exhibit a CAGR of 8% over the forecast period. Production facilities in the Asia Pacific account for a significant portion of the market for flame retardants. China and India are the market leaders for flame retardants in this region. The increased awareness of flame retardants and safety laws in the region and continuous infrastructure-building initiatives in developing nations like India, China, and Japan are to blame for the expansion of the Asia-Pacific flame-retardant market. In Asia-Pacific, China has the largest and fastest-growing market for flame retardants. It is a major manufacturer of flame retardants that are both antimony-based and chlorinated. Due to increased domestic production and the replacement of halogen-based chemicals, the production of phosphorous and brominated flame retardants is anticipated to expand in China throughout the projection period.
However, due to growing environmental concerns, the usage of brominated flame retardants has been limited in the nation in recent years. With many small- and medium-sized firms producing specialty flame retardants, China's market for flame retardants appears to be fragmented. Additionally, the nation offers flame retardants made of antimony for export.
Europe is anticipated to exhibit a CAGR of 6.6% over the forecast period. Several developed nations, including Germany, France, the UK, Spain, Italy, and Norway, are present in the region. The demand for flame retardant materials in the area has increased because of developments in manufacturing, particularly in the automotive, transportation, and construction sectors. To meet the soaring demand from clients, major producers, including BASF SE, Clariant, Italmatch Chemical S.p.A., DSM, and Lanxess, are releasing new and enhanced products across their portfolio of flame-retardant chemicals and investing in the development of current or new manufacturing lines. For instance, BASF SE created Ultrason, a polyethersulfone particle foam, in September 2018. The combination of the foam's characteristics—lightweight, stiffness, and superior strength—make it especially well-suited for use in complex-shaped parts of cars, planes, trains, and other vehicles. The strong need for fire-retardant items in end-use industries like construction, furniture, transportation, and automotive explains this.
Additionally, major flame-retardant producers in the nation and rising exports of flame-retardant goods and their derivatives to Europe and other international markets are projected to fuel market expansion throughout the projection period.
North America emerged as one of the fastest-growing regions in the global market. Power cables, wiring, and connectors, mostly used in construction, transportation, and electronic devices, are among North America's electrical components with the highest demand. North America's regional market is dominated by the United States, then by Canada. This is explained by mass production and the expanding electrical and electronics, automobile, and construction industries in the United States. Due to rising investments in EVs and private construction projects, the automotive and construction industries are expanding.
In Latin America, the market for flame retardants is anticipated to rise due to the region's favorable legislative changes and expanding industrial safety standards. The region's consistent economic expansion and rising middle- and high-income consumers in nations like Argentina and Brazil are altering regional demand trends. The demand for and consumption of high-end value-added goods, including electronics, furniture, appliances, and cars, have significantly increased due to these reasons. Growing production of flame-retardant materials such as wire, cables, connectors, printed circuit boards, shrinkable films, flexible cables, and others will be closely correlated to the rising production of automobiles and electronic appliances. Over the projection period, the region's need for flame retardant items will be directly fueled by the region's rising production of automobiles and electronic goods.
The Middle East and Africa will experience an increase in the use of flame retardants due to the rising demand for polyurethane foams in the automotive, furniture, and other industries in nations like the United Arab Emirates, Kuwait, and Saudi Arabia. However, the coronavirus outbreak led to a slowdown in the market for flame retardants, which are used in the region's electrical and automotive industries, among other sectors. The development of the flame retardants market in the Middle East and Africa has been significantly hindered by factors including the installation of limits on chemical exports and imports and a stop in the manufacturing of several non-essential commodities.
|DuPont DSM FRX Polymers Inc. Thor BASF SE Huber Engineered Materials Italmatch Chemicals S.p.A Clariant LANXESS ICL Albemarle Corporation
|U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
|China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
|Middle East and Africa
|UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
|Brazil Mexico Argentina Chile Colombia Rest of LATAM
|Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Based on the product, the global flame retardant market is bifurcated into halogenated and non-halogenated flame retardants.
The Non-Halogenated flame retardants segment dominates the global market and is projected to exhibit a CAGR of 8.4% over the forecast period. This is attributable to the increase in demand for flame retardants that are less hazardous and environmentally friendly. Commonly utilized as flame retardants in mounding materials, antimony trioxide and brominated organic compounds are known to have negative environmental consequences. When coupled with hydromagnesite fillers, antimony trioxide exhibits good flame-retardant qualities. Antimony trioxide's negative environmental impacts will increase demand for safer and eco-friendly substitutes, such as non-halogenated flame retardants.
The flammability of numerous everyday items made of engineered thermoplastic materials, including clothing, home appliances, cars, and airplanes, is thoroughly investigated. As they serve a critical role in lowering the overall danger of fire associated with using highly flammable feedstock in goods like textiles, apparel, composites, and plastics, flame retardants are projected to be used more frequently.
Based on application, the global flame-retardant market is bifurcated into polyolefin, epoxy resins, unsaturated polyester, polyvinyl chloride, engineering thermoplastics, rubber, styrene, and others.
The polyolefin segment owns the highest market share and is predicted to exhibit a CAGR of 8.1% over the forecast period. The thermoplastic olefin and grafted copolymer are the main components of fire-retardant polyolefin fabric and fiber. Polyolefin fibers, primarily polypropylene and polyethylene, are inexpensive, high-volume synthetic materials that are remarkably resistant to wear and stains. Reduced flammability is typically required by one of the components in the manufactured articles rather than the fiber itself when making plastic items. For instance, in carpets, fire retardants are incorporated into the latex binder to offer fire protection for the polyolefin face fiber.
Polyolefins are given flame retardants to lessen flame propagation, stop polymer from leaking, stop smoke from forming, and boost resistance to ignition. Flame retardants are necessary for polyolefin textiles for various products, including construction fabrics, mattress covers, roofing and siding, parts of trains and planes, carpet backing, automobile fabrics, etc. Most frequently employed in polyolefins, metal hydroxide flame retardant is a member of the family of halogen-free flame retardants. To add flame retardancy features to polyolefins like polyethylene, polypropylene, and others, brominated flame retardants are a cost-effective substance.
Based on end-use, the global flame-retardant market is divided into construction, transportation, electrical and electronics, and others.
The electrical and electronics segment is the most significant contributor to the market and is estimated to exhibit a CAGR of 7.7% over the forecast period. With a demand of more than 1,174.7 kilotons in 2020, the electrical and electronics industry topped the end-user segment. Due to the use of electric currents in their operation, electrical and electronics have a high risk of fire damage. Various products, including laptops, smartphones, TVs, refrigerators, vacuum cleaners, and printed wiring boards, utilize flame retardants to lower this danger. Due to rising disposable income, the electrical and electronics industry is expected to increase faster throughout the projected period.