Sun, 29 May 2022

Global-Non-halogenated-Flame-Retardants-Market

The factors such as increasing adoption of the polymers in the different industries like electronics, building and construction, textiles and transports, along with the requirement for the fire safety in the manufacturing is playing an important role for the safety of the workers along with the production unit for reducing the damage in different types of the industries, the stringent government rules regarding the fire safety because of the fast urbanization and construction activities across the world have been contributing to the growth of the non-halogenated flame retardants market during the forecast period.

New York, December 2021: Axiom Market Research & Consulting™ added a report on non-halogenated flame retardants market which includes study on product, application, end user, and geography. Non-halogenated flame retardants market was projected to grow at a CAGR of 6.4% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the non-halogenated Flame Retardants Market.

The report analyses the non-halogenated flame retardants market based on product, application, end use, and geography. By product, the non-halogenated flame retardants market is segmented into aluminum hydroxide, phosphorous based flame retardants, nitrogen based, and magnesium hydroxide. By application, the non-halogenated flame retardants market is segmented into polyolefins, epoxy resins, unsaturated polyester, polyvinyl chloride, engineering thermoplastics, rubber and styrenics. By end use, the non-halogenated flame retardants market is segmented into construction, electrical and transportation. Based on the geography, the non-halogenated flame retardants market is studied for the regions including North America, Europe, Asia Pacific and Rest of the World.

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The key players in the non-halogenated flame retardants market are Albemarle Corporation, BASF SE., Chemtura Corporation, Clariant International Ltd., DSM, Dupont, Huber Engineered Materials, Italmatch Chemicals, Lanxess, Thor Group Ltd., FRX Polymers, Nabaltec AG, Delamin, ICL, Gulbrandsen, ChemPoint and TRiiSO among others.

Regional Trends of Non-halogenated Flame Retardants Market

Based on the geography, the non-halogenated flame retardants market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World. Europe is expected to be the leading region in the non-halogenated flame retardants market during the forecast period. The growth of the market in the region is attributed to the development of Europe and increasing use of the non-halogenated flame retardants in the different types of industries like electrical, construction and automation fuelling the demand for the market in the region. Asia Pacific is estimated to witness significant growth in the non-halogenated flame retardants market due to the increasing adoption of the non-halogenated flame retardants as the precaution for the accidents and fire safety measures.

Non-halogenated Flame Retardants Market Segmentation Highlights

  • Aluminum Hydroxide product segment is estimated to gain high market share in the non-halogenated flame retardants market during the forecast period. The factors like excellent smoke suppressor properties and cost effectiveness has been driving the growth of the segment in the market.
  • Polylefins application segment is expected to dominate the non-halogenated flame retardants market during the forecast period. The factors like low density, break resistant, nontoxic and non-contaminating properties have been driving the growth of the segment in the market.
  • Construction end segment is estimated to gain high market share in the non-halogenated flame retardants market during the forecast period. The factors driving the growth of the segment are accidents in the construction materials, site, building and residential areas as the chemicals are helping to prevent the spread of fire when it is applied to the material of construction.
  • Europe is estimated to lead the non-halogenated flame retardants market during the forecast period. The factors responsible to the growth of the market in the region are increased development of the region and increasing use of non-halogenated flame retardants in the different types of industries like electrical, construction and automation in the region.

Research Objectives of Non-halogenated flame retardants Market Report:

  • Analysing the outlook of the non-halogenated flame retardants market with the recent trends and Porter's five forces analysis
  • Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period
  • Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects
  • Country-level analysis, integrating the demand and supply forces that are influencing the growth of the non-halogenated flame retardants market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years
  • Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players.

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Axiom Market Research & Consulting™ is a full-service market research and data analytics company providing key market intelligence to global companies to take informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc.

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