The scope of our recent study on the "Flame Retardants Market Forecast to 2031 - Global and Regional Share, Trends, and Growth Opportunity Analysis - by Type, and End-Use Industry" includes the factors fuelling the flame retardants market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.
The flame retardants market size was valued at US$ 6.44 billion in 2023 and is expected to reach US$ 9.56 billion by 2031; it is estimated to register a CAGR of 5.1% from 2023 to 2031.
In flame retardants market, bromine-based flame retardant absorbs energy and slows fire propagation. The retardants are mixtures of synthetic chemicals that differ in molecular structures; physicochemical, toxicological, and ecotoxicological properties; and chemistries such as additives, reactive, and polymeric. They also differ in function and technical features depending on the intended material or product application. Bromine-based flame retardants are added to a wide variety of industrial products to make them less flammable. Chlorine-based flame retardants contain chlorine that absorbs energy and slows fire propagation. Chlorinated paraffins are majorly used chlorine-based fire retardants in paints and coatings, leathers, and rubbers. The retardants act as chemical additives and enhance the fire resistance of plastics and other materials.
Based on type, the market is segmented into halogenated (bromine-based and chlorine-based) and halogen-free (phosphorus-based, aluminum hydroxide, magnesium hydroxide, and others). Halogenated segment held the largest share in the global flame retardants market in 2023 and halogen-free is expected to register a higher CAGR from 2023 to 2031. Phosphorus-based flame retardants are reactive building blocks that enhance the fire safety of flammable materials such as plastics, textiles, wood, paper, and others. These retardants primarily act in the solid phase of polymer. It is transferred into phosphoric acid by thermal degradation, and water is released from the substrate in the solid phase. These phosphoric acid compounds are used as flame-retardant additives in plasticizers, foams, hydraulic fluids, anti-foam agents, and coatings for electronic devices.
The flame retardants market is segmented into five main regions-North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Asia Pacific held the largest flame retardants market share in 2023. The growth of the flame retardants market in Asia Pacific is propelled by the region's robust industrial development in electronics, electrical, construction and automotive sectors. The countries such as China, India, Japan, South Korea are at the forefront of this market expansion, leveraging their extensive industrial bases, increasing spending power, and making strategic investments in flame retardants production to enhance their market presence.
According to the World Trade Statistical Review 2022, China and India were reported to be the world's two largest textile exporters in 2021. According to the China National Textile and Apparel Council, the country exported textiles worth US$ 323.3 billion in 2022. As per the World Trade Organization data, Vietnam's textile exports to the US accounted for US$ 18.24 billion in 2022, a rise compared to US$ 14.37 billion in 2021. In the textile industry, flame retardants are used in fabric coatings, seating, and upholstery furniture to suppress the combustion process. Moreover, government initiatives and policies aimed at promoting domestic manufacturing and industrial growth also play a significant role in driving the flame retardants market in the region.
Global Flame Retardants Market Breakdown - by Region
The report includes the segmentation of the global flame retardants market as follows:
The global flame retardants market is bifurcated based on type, and end-use industry. Based on type, the market is categorized into halogenated, (bromine-based and chlorine-based), halogen-free (phosphorus-based, aluminum hydroxide, magnesium hydroxide, and others). Based on end-use industry, the market is segmented into building and construction, automotive and transportation, electrical and electronics, textiles, and others. In the building & construction industry, flame retardants are used in building materials and products for safety purposes and to meet necessary fire safety standards and codes. Flame retardants are applied in the automotive & transportation industry to enhance fire safety. It is majorly used in protecting functional and structural automotive components, as well as essential mass transportation vehicle applications. Flame retardants are incorporated in the plastic casing of electrical and electronic products to prevent short circuits and protect overheating components from catching fire. Bromine-based flame retardants are majorly used in polymers for electrical and electronics equipment.
In textile fabrics, most of the fabrics are highly flammable and can cause a fire hazard. Therefore, it becomes essential to treat textile fabrics with flame retardants. Flame retardant fabrics are effective in preventing the spread of flame by reducing the area of combustion. Other end-use industries are packaging, furniture, medical, and industrial machinery. In the packaging industry, paper and cardboard, when untreated, are highly flammable materials, which can restrict their use for packaging purposes. The fire properties of paper or cardboard are improved by treating them with flame retardants.
By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific flame retardants market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America market is further categorized into Brazil, Argentina, and the Rest of South & Central America.
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