Published: 05-Feb-2020 | Published By: Market Research Store
The published report on “Global Halogen-Free Flame Retardant Chemicals Market – By Type (Aluminum Trihydrate, Phosphorus-Based, Magnesium Hydroxide, and Others), By Resin Type (Styrenics, Polyethylene, Polyvinyl Chloride, Epoxy, Polypropylene, Rubber, Engineered Thermoplastics, Unsaturated Polyesters, and Others), By Application (Transportation, Wires and Cables, Textile, Electrical and Electronics, Building and Construction, and Others), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025.” exhibits the escalating demand for global Halogen-Free Flame Retardant Chemicals market in 2018 was approximately USD 4000 Million. It is anticipated to reach around USD 5500 Million by 2025 with a CAGR of around 7%.
Browse Full Report 117 Market Data Tables and 46 Figures spread through 117 Pages and in-depth TOC on "Halogen-Free Flame Retardant Chemicals Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-halogen-free-flame-retardant-chemicals-market-report-716606
The ban on the halogenated flame retardants has increased the use of halogen-free flame retardants. These retardants are found to be similar to that of the halogenated flame retardants in terms of fire resistance. However, its non-toxic nature is found to help make it eco-friendly as well as increase its application in building and construction, consumer goods, transportation, electrical and electronics, and others.
The global Halogen-Free Flame Retardant Chemicals market is anticipated to bolster due to the growing awareness among users about noxious emissions released by the fire. Moreover, the increasing demand for the production of cars and commercial vehicles will help boost the Halogen-Free Flame Retardant Chemicals market during the forecast period due to the increasing use of plastics and rubbers in the automotive industry. In addition, the halogen-free flame retardants’ unique properties such as delay in the start of a fire or even the spreading of fire are the major factors expected to propel the growth of the Halogen-Free Flame Retardants Chemicals market.
Additionally, the low costs compared to the halogenated flame retardants will further expand the growth of the market. The rising concerns about human health and safety along with the stringent regulations put forth by the government regarding the use of flame retardants will supplement the growth of the Halogen-Free Flame RetardantsChemicals market. Furthermore, the need for a higher amount of halogen-free flame retardants compared to halogenated flame retardants will probably restrain market growth.
Based on type, Aluminum Trihydrate section holds the biggest portion of the global Halogen-Free Flame RetardantChemicalsmarket. The cost-effectiveness of the compound is foreseen to help flood the market development.
The polyethylene resin type is predicted to hold a major part of the market share of the global Halogen-Free Flame Retardant Chemicals market. It is essentially because of the escalating use of the LDPE, MDPE, and HDPE in various enterprises.
Moreover, the building and construction section is foreseen to hold the biggest share of the global Halogen-Free Flame Retardant Chemicals market. The reason behind this is the rising utilization of plastics to make windows, roofing shingles, railings, facade decorations, cable trays, skirting boards, decking, and fencing, which is probably going to help flood the development of the building and constructionsegment. TheHalogen-Free Flame Retardant Chemicals market will expand because of the increasing utilization of construction materials, plastics, paints and coatings, and sealants in the building and construction industry.
On a global scale, the Halogen-Free Flame Retardant Chemicals market is anticipated to acquire the majority of its shares in the Asia Pacific. The emerging nations like China, Japan, and India owing to the advancements occurring in the mechanical and construction division.
Some of the key players in the global Halogen-Free Flame Retardant Chemicals market include Clariant International, Lanxess AG, Israel Chemicals Limited (ICL), BASF, The Dow Chemical, Albemarle, Celanese, Nabaltech, Chemtura, RTP Company, Mitsubishi Engineering Plastics, Huber Engineered Materials, Dow Corning, Akzo Nobel, Polyplastics, Taixing Huagong, Presafer, Italmatch Chemicals, and Qingdao Fundchem.
The global Halogen-Free Flame Retardant Chemicals market is segmented into:
Global Halogen-Free Flame Retardant ChemicalsMarket: By Type
- Aluminum Trihydrate
- Magnesium Hydroxide
Global Halogen-Free Flame Retardant ChemicalsMarket: By Resin Type
- Polyvinyl Chloride
- Unsaturated Polyesters
- Engineered Thermoplastics
Global Halogen-Free Flame Retardant ChemicalsMarket: By Application
- Wires and Cables
- Electrical and Electronics
- Building and Construction
Global Halogen-Free Flame Retardant Chemicals Market: By Regions
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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