A Quick Overview of Flame Retardants Market
The key object of this report on the Flame Retardants Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Flame Retardants Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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Flame Retardants Market Scenario:
The Global Flame Retardants Market is expected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30. Most of the market expansion would be propelled by the rising fire safety laws, the rapidly expanding end-user verticals like electronics & electrical, construction, textile, automotive, etc., and the burgeoning use of plastic in almost every industry. Besides, the implementation of stringent fire safety regulations in sectors like building & construction, automotive, & electronics on account of the rise in fire-related incidents is also driving the market for flame retardants.
Flame Retardants Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:
Market Driver - Rise in Strict Regulations Regarding Fire & Human Safety
The primary aspect projected to drive the Global Flame Retardants Market during 2024-30 is the increasing rules & regulations regarding fire & human safety worldwide. Governments of various countries are actively focusing on preventing fire & explosion-related incidents in offices, industries, public places, etc., which, in turn, has led to the implementation of stringent rules for industries to use flame retardants in cables, wires, construction products, insulation materials, textiles, automotive components & interiors, and paints & coatings in order to reduce the chances of combustion, i.e., stimulating the overall market expansion.
Flame Retardants Market Segmentation Analysis:
Flame Retardants Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
By Type
- Alumina Trihydrate
- Brominated Flame Retardants
- Antimony Trioxide
- Phosphorous Flame Retardants
- Others
By Application
- Unsaturated Polyester Resins
- Epoxy Resins
- PVC
- Rubber
- Polyolefins
- Styrenics
- Others
By End User Industry
- Building & Construction
- Automotive & Transportation
- Electronic & Electrical
- Others (Adhesives, Textiles, Aerospace, etc.)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Who are the Key Market Players in the Flame Retardants Market?
In the fast-changing Flame Retardants Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Flame Retardants market ruling the industry are:
List of Key Companies Profiled:
- Lanxess AG
- Albemarle Corporation
- Clariant International Ltd.
- Chemtura Corporation
- Israel Chemicals Limited (ICL)
- BASF SE
- LG Chem
- The Dow Chemical Company
- Italamtch Chemicals
- Nabaltech AG
- Huber Engineered Materials
- DuPont
- Hongboali Group Co. Ltd.
- Huntsman International LLC
- FRX Polymers, Inc.
- Akzo Nobel.
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