The global demand for non-halogenated flame retardants is expected to register a CAGR of 6.2% by garnering a market value of USD 3,787.1 Million in 2022. The growth of the market is supported by
Attributes | Key Statistics |
---|---|
Global Non-Halogenated Flame Retardants Market Estimated Size (2022E) | USD 3,787.1 Million |
Projected Market Valuation (2032F) | USD 6,911.1 Million |
Value-based CAGR (2022 to 2032) | 6.2% |
Collective Value Share: Top 3 Countries (2022E) | 41.3% |
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Increasing incidences of different end-user sectors catching fire despite the presence of precautionary measures are driving growth for fire retardants.
As most fire retardants cause toxic emissions, government authorities of various countries have set up stringent regulations to streamline the use of fire retardants. This, in turn, has increased the dependency on non-halogenated flame retardants.
Non-halogenated flame retardants are majorly made using Metal Oxide, Phosphorous, and Nitrogen. In addition, most companies have undertaken research and are focusing on using less harmful components that can not only get the fire under control but also can reduce emissions.
The development of automotive sectors in developing regions such as the Asia Pacific and the Middle East and Africa is bolstering the demand for non-halogenated flame retardants.
On the other hand, the established end-user industries in the USA are increasing the efficiency of non-halogenated flame retardants by integrating technology into the same. From monitoring the emission caused by flame retardants to regulating the use of the same through technology, non-halogenated fire retardants are serving as a great help in end-user industries in the USA
Well-established end-user sectors in China such as the healthcare and shoe manufacturing industries are heavily relying on non-halogenated fire retardants. In addition, the large production of synthetic rubber in China is contributing to the growth of the non-halogenated flame retardants market.
Developed regions such as North America and Europe have a strong presence in end-user sectors. Rapid urbanization in these regions has led to the development of residential and commercial sectors. As modern manufacturing industries are undergoing drastic changes, the dependency on non-halogenated flame retardants is expected to increase with time.
As most countries want to achieve their sustainability goals by 2030 or 2050, nearly all end-user industries are focusing on using and producing environmentally friendly services. This has led to the increasing use of non-halogenated flame retardants in major end-user sectors.
Key players in the non-halogenated flame retardants market are focusing on offering sustainable options that are viable and easily adaptable for diverse end-user sectors. Through this, the companies are aiming to reach nearly all end-user sectors that want to protect equipment at all costs in major mishaps.
The growth of non-halogenated flame retardants is expected to be impressive owing to the penetration of electric vehicles along with innovation in electric products.
Growth in the construction industry and rapid urbanization are estimated to bode well for the global non-halogenated flame retardants market. Besides, increasing usage of plastics in the automotive & transportation, electrical equipment, and consumer electronics industries is expected to drive the non-halogenated flame retardants market.
The East Asia region is anticipated to remain one of the prominent markets owing to significant development in the chemical industry and strong growth in the building & construction sector.
According to the latest research report published by Future Market Insights, the global non-halogenated flame retardants market is anticipated to hold around 40-45% of the share in the global flame retardant market.
Moreover, plastic components of vehicles need to have strong flame retardant characteristics in order to lessen fire hazards that are mainly caused by vehicle heat generation.
The demand for non-halogenated fire retardants is set to be fueled by the requirement for new flame retardants in automotive polymers, as well as growing concerns of governments & environmental authorities regarding the negative effects of halogenated flame retardants. Due to tighter government rules, it is projected that this demand would expand significantly over the upcoming decade.
Demand for non-halogenated flame retardants grew at 6.5% CAGR between 2015 and 2021. Consumption is expected to grow at 6.2% CAGR between 2022 and 2032 with a total market value of USD 6,911.1 Million in 2032. Non-halogenated flame retardants are compounds mixed with manufacturing materials to suppress flames.
They are devoid of halogens and can improve the former’s efficiency, as well as ensure safety. These retardants are recyclable and emit less smoke during disposal. All these characteristics are projected to push the global non-halogenated flame retardants market in the next decade.
Globally, the electrical and electronics business is booming due to rising demand from end users. In the electrical and electronics sector, plastics are applied to printed circuit boards, electronic housing & components, wire & cable, switches, and connections.
Flame retardants are nowadays considered to be a required component in their manufacturing in order to protect these items from fire caused by resistive heating or joule heating. Electronic garbage and other hazardous items associated with it have drawn more attention during the past 10 years.
Increased investments in the electronics sector, especially in India and the East Asia region are expected to bolster demand in the non-halogenated flame retardants market. The electronics industry is gaining traction across the globe since several companies in the field of flame retardants are targeting this sector owing to significant opportunities.
Government rules revolving around vehicle emission management, together with favorable features of modern plastics, are driving original equipment manufacturers (OEMs) to utilize plastic materials in the production of automotive parts.
Over the last few years, the use of plastic components in the automobile industry has increased due to the material's various features such as high durability, corrosion resistance, toughness, design flexibility, and resilience.
An average car employs plastic composites, which account for 10% to 15% of the car's overall weight. As plastics are lighter than their metal equivalents, they increase the fuel efficiency of automobiles by reducing the overall weight. Reduced carbon dioxide emissions are the result of the increasing fuel economy.
According to FMI’s estimates, a 10% decrease in vehicle weight saves 5-7% on gasoline. Therefore, there is a possibility to cut carbon dioxide emissions by 20 kg for every kilogram of vehicle weight reduction.
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Red phosphorus, a phosphorus-based flame retardant, is one of the most popular non-halogenated flame retardants. Its mechanical and electrical characteristics are equivalent to those of halogenated flame retardants, but it also has certain disadvantages. Red phosphorus is thus only employed in processes that call for the use of red or dark hues.
Magnesium hydroxide, another non-halogenated flame retardant, works well in place of halogenated flame retardants. Magnesium hydroxide has the same advantages and qualities as its halogenated equivalent, but it has the disadvantage of a high loading level.
Thus, these drawbacks are expected to hold back the non-halogenated flame retardants market in the upcoming decade. Market players are nowadays focusing on improving the dosage of non-halogenated flame retardants to make them more efficient as an alternative to halogenated flame retardants.
The presence of substitutes for any product impacts the demand for targeted products. Further, if the availability of the alternative products is in abundant quantity and is offered at an affordable price, demand for the targeted product decreases.
Several rubbers like polystyrene, butadiene, and neoprene are available in the market and are used for the production of tires, gloves, belts, footwear, and other medical equipment. Polystyrene and butadiene rubbers are extensively used in tire manufacturing, thereby accounting for a prominent share of the tire industry.
The non-halogenated flame retardants market is set to be hindered by the availability of various substitute products across the globe.
Further, various types of rubbers are used in the production of gloves, which is a key consuming application of non-halogenated flame retardants. The presence of substitute products for each application of non-halogenated flame retardants is thus hampering growth in the global market.
“The USA Government to Implement Stringent Norms to the Control Use of Fire Retardant Liquids”
The USA is expected to remain one of the leading non-halogenated flame retardant markets in North America. The USA market is expected to reach about USD 6,911.1 Million by the end of the forecast period and exhibit growth at a CAGR of 6.2% during the assessment period.
California, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, New York, Oregon, Rhode Island, San Francisco (California), Vermont, Washington, and Washington, D.C. are just a few of the states in the USA that have put strict regulations in place to control the use of flame retardants in consumer products.
Each of these jurisdictions has its own restrictions or prohibitions on flame retardants, as well as a different range of regulated products. Additionally, some flame-retardants in children's products must be disclosed, according to laws in the states of Maine, Oregon, Vermont, and Washington.
To limit the use of flame-retardants in a wide range of products, various bills have been passed since the beginning of 2021. These consist of numerous items for kids, upholstered furniture for homes, mattresses, and electronic enclosures. These limitations put forward by the USA government will undoubtedly have a negative impact on the market.
“Flame Retardant Additives to Be Used by China-based Green Tire Manufacturers”
In recent years, China has become the world's largest consumer and producer of synthetic rubber. The China non-halogenated flame retardants market is estimated to grow at a robust CAGR of 7.3% between 2022 and 2032.
An important factor driving China's domestic healthcare industry is the rapid demographic shift. The National Bureau of Statistics announced revised demographics of the Chinese population in 2021. The number of people aged 65 and older was 200.5 million, representing about 14.2% of the total population. It has further increased healthcare spending and expanded the medical accessories market.
For many years, China has led the shoe manufacturing industry, and it continues to dominate the marketplace, with 12.6 billion pairs of shoes manufactured yearly according to the World Atlas report.
It is worth noting that tire manufacturing necessitates a lot of energy, which has proven to be a huge issue in the country. Although China is one of the leading markets for EVs, creating new opportunities for greener tire manufacturing is a priority for key players.
“Demand for Metal Oxide-based Fire Retardant Sprays to Grow by 2032”
Metal oxide-based non-halogenated flame retardants are dominating the market in terms of product type. The segment is expected to grow at a high CAGR, especially in the Asia Pacific region during the forthcoming years. In 2022, the metal oxide-based segment is anticipated to account for nearly 65.6% of the share in the non-halogenated flame retardants market, finds FMI.
In the forecast period, the segment is likely to grow in the upward direction due to the increasing demand for metal oxide-based non-halogenated flame retardants. Metal oxide-based flame retardants are considered to be highly effective, as compared to other types of products.
“Automotive Industry to Utilize Flame Resistant Coatings to Produce Tires”
By end-use industry, the electrical and electronics segment is expected to remain at the forefront in the global non-halogenated flame retardants market during the evaluation period.
As per FMI, the electrical and electronics segment is projected to generate a share of 30.7% and reach a valuation of USD 1,162.6 Million in the forecast period. Production of automobiles, especially light and heavy commercial vehicles, and two-wheelers is increasing, which is driving sales of tires all over the globe.
Moreover, tires are being significantly consumed in the after-sales services. Polyisoprene rubber is extensively used in the production of tires used in various categories of vehicles. Increasing demand for tires from OEMs and after services is significantly benefiting due to the consumption outlook of non-halogenated flame retardants all over the globe, which is propelling growth in the market.
Key players in the non-halogenated flame retardants market are focusing on the expansion of their production capacities owing to significantly rising demand for the product in medical applications and tire production.
Further, to enhance their global presence, key manufacturers are investing in acquisitions and collaboration activities to expand their market presence and consumer base, as well as strengthen their distribution networks.
One of the recent key industry developments:
Attribute | Details |
---|---|
Estimated Market Size (2022) | USD 3,787.1 Million |
Projected Market Valuation (2032) | USD 6,911.1 Million |
Value-based CAGR (2022 to 2032) | 6.2% |
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2015 to 2021 |
Market Analysis | Value (USD Million) and Volume (Tons) |
Key Countries Covered | The USA, Canada, Brazil, Mexico, Germany, Italy, France, The UK, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, and South Africa. |
Key Segments Covered | Product Type, End-Use Industry, Application, & Region |
Key Companies Profiled | Clariant International Limited; Albemarle Corporation; Israel Chemical Limited; Italmatch Chemicals S.p.A; Chemtura Corporation; Nabaltec AG; FRX polymer Inc.; Huber Engineered Materials; Amfine Chemical Corporation; THOR Group Limited; BASF SE.; Huber Engineered Materials; Lanxess AG; DSM; Delamin; Dupont; Sarex; Firefree Coatings, Inc.; Akzo Nobel N.V.; Dow; Lubrizol Corporation; SUZUHIRO CHEMICAL CO., LTD.; ADEKA CORPORATION; H.M. Royal; MPI Chemie; Oceanchem Group Limited; Tosaf |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global non-halogenated flame retardants market size is anticipated to reach a valuation of US$ 3,787.1 Million in 2022.
The global non-halogenated flame retardants market is anticipated to witness a CAGR of 6.2% over the forecast period of 2022 and 2032 in terms of value.
The global non-halogenated flame retardants market witnessed growth at a CAGR of 6.5% CAGR between 2015 and 2021.
Clariant International Limited, Albemarle Corporation, Israel Chemical Limited, Italmatch Chemicals S.p.A, Chemtura Corporation, Nabaltec AG, and FRX polymer Inc. are the leading players in the non-halogenated flame retardants market.
The top countries driving the non-halogenated flame retardants market are China, the USA, and Germany.
1. Executive Summary | Non-Halogenated Flame Retardants Market 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Million) Analysis 2015 to 2021 and Forecast, 2022 to 2032 8. Market Background 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product Type 9.1. Metal Oxide Based 9.2. Phosphorous Based 9.3. Nitrogen Based 9.4. Others 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End Use Industry 10.1. Electrical and Electronics 10.2. Construction 10.3. Automotive and Transportation 10.4. Others 11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application 11.1. PO 11.2. Epoxy 11.3. UPE 11.4. Rubber 11.5. PVC 11.6. PU 11.7. Styrenics 11.8. ETP 11.9. Others 12. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, by Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. South Asia and Pacific 12.5. East Asia 12.6. Middle East and Africa (MEA) 13. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 14. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 15. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032 16. South Asia and Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032 17. East Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032 18. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032 19. Country Wise Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. Clariant International Limited 21.2. Albemarle Corporation 21.3. Israel Chemical Limited 21.4. Italmatch Chemicals S.p.A 21.5. Chemtura Corporation 21.6. Nabaltec AG 21.7. FRX polymer Inc. 21.8. Huber Engineered Materials 21.9. Amfine Chemical Corporation 21.10. THOR Group Limited 21.11. BASF SE 21.12. Huber Engineered Materials 21.13. Lanxess AG 21.14. DSM 21.15. Delamin 21.16. Dupont 21.17. Sarex 21.18. Firefree Coatings, Inc. 21.19. Akzo Nobel N.V. 21.20. Dow 21.21. Lubrizol Corporation 21.22. SUZUHIRO CHEMICAL CO., LTD. 21.23. ADEKA CORPORATION 21.24. H.M. Royal 21.25. MPI Chemie 21.26. Oceanchem Group Limited 21.27. Tosaf 22. Assumptions and Acronyms Used 23. Primary Survey Analysis 24. Research Methodology
Chemicals & Materials
July 2022
REP-GB-15154
309 pages
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