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Halogen free flame retardant are substance or components which are added to other materials including plastics, coating and textile to prevent the spread of fire. A major part of this demand comes from the global plastic industries. Since all carbon-based materials are combustible, and the use of plastics is so widespread, there is a need to decrease the risk of fire related accidents. The flame retardant can be mixed with the base material or chemically bonded to it.
The global market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the halogen-free flame retardant market. The halogen-free flame retardant market has a developing potential owing to the rising demand for halogen free flame retardant in the replacement of halogen based flame retardants material in various industrial sector and stringent environmental regulations and fire safety standards for residential and commercial buildings. Moreover, technological advancement, increasing research& & development by key players and ring demand from Asia Pacific are factors which robust the growth of the market during the projected period. However, fluctuation in the prices of raw material and excessive cost associated with the halogen free flame retardant are the major factors hindering the market growth.
The report analyses the global halogen-free flame retardant market by type, application, end user industry and geography.
By type the market is bifurcated into, aluminium hydroxide, organo-phosphorus chemicals and other. In 2017, the aluminium hydroxide segment dominated the global halogen free flame market and is expected to maintain its dominance over the forecast period owing to the low cost and easy availability of aluminium hydroxides.
Likewise, by application, the global halogen-free flame retardant market is segmented into, polyolefins, unsaturated polyester (UPE), polyvinyl chloride (PVC), rubber, styrenics and others. Other applications include engineered thermoplastic and epoxy resin. In 2017, the polyolefins segment leads the market as it is widely used polymer and has applications in various industries Moreover, Polyethylene and polypropylene market is expected to grow at a faster pace owing to increasing demand from various consumer-centric industries.
Based on end user industry, the halogen-free flame retardant market is categorized into, electrical & electronics, building & construction and transportation. The electrical & electronics segment accounted for the largest market share in 2017 and is expected to maintain its dominance over the forecast period. The largest share is primarily attributed to growing consumer electronics industries and increasing use of halogen free flame retardant in circuit boards, electronic casing, and cables & wires.
By geography, the global halogen-free flame retardant market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America, and Middle East & Africa. Asia Pacific is expected to be the fastest-growing region during the prediction period. Factors such as rising industrialization, high regional demand, increasing focus of major key players for establishing manufacturing plants in developed and developing countries like China, Japan and India are driving the growth of halogen-free flame retardant market in Asia pacific.
Some of the key participants of the global halogen-free flame retardant market are ClariantLANXESS, ICL, Albemarle Corporation, Nabaltech AG, BASF SE, Akzo Nobel N.V, Huber Engineered Materials, Italmatch Chemicals S.p.A, etc. The market players are adopting merger, acquisition and product development strategies, to sustain the competition and enhance their customer base. Moreover, increase in product extensions and product innovations will strengthen the competitive environment among the market payers. Many of the key players are involve in research & development activities to improvise the quality of the products. Furthermore, Companies are looking for fewer toxic products and make changes to the articles materials and design or select safer chemicals.
The global halogen-free flame retardant market report is segmented into, type, application, end user industry and geography. By type the market is bifurcated into, aluminium hydroxide, organo-phosphorus chemicals and other. Likewise, by application, the global halogen-free flame retardant market is segmented into, polyolefins, unsaturated polyester (UPE), polyvinyl chloride (PVC), rubber, Styrenics and others. Based on end user industry, the halogen-free flame retardant market is categorized into, electrical & electronics, building & construction and transportation. By geography, the global halogen-free flame retardant market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world includes Latin America, and Middle East & Africa. Asia Pacific is expected to be the fastest-growing region during the prediction period. Factors such as rising industrialization, high regional demand, increasing focus of major key players for establishing manufacturing plants in developed and developing countries like China, Japan and India are driving the growth of halogen-free flame retardant market in Asia pacific. Some of the key participants of the global halogen-free flame retardant market are ClariantLANXESS, ICL, Albemarle Corporation, Nabaltech AG, BASF SE, Akzo Nobel N.V, Huber Engineered Materials, Italmatch Chemicals S.p.A, etc.
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