- The worldwide non-halogenated flame retardants market is expected to reach over USD 2 billion by 2020. Non-halogenated flame retardants are eco-friendly, and generate less heat ejections and smoke. They are more suitable than bioaccumulation-causing halogens. The latter are harmful for environment and humans.
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Concerns regarding environment and human health have led many countries towards prohibiting the usage of halogen based flame retardants. Such regulations are a major factor steering further demand for the non-halogenated flame retardants market.
With regards to volume, the largest consumed product was aluminum hydroxide. This segment is likely to dominate the market in the forecast period (2014 to 2020). It would grow at a CAGR of 7% in the same. Phosphorous is one of the least consumed segments. In 2013, it contributed over 50% of the global share.
Expanding at about 8.2 percent CAGR, the segment would produce the highest income in the years ahead. Polyoefins, epoxy resins, and UPE are some of the market applications. These three are estimated to grow at around 7.1% (volumes) and 8.3% (revenues) CAGRs. In respect of volume share, the lowest performing application is styrenics.
Rubber applications would grow sluggishly with approximate CAGRs of 6.3% (volumes) and 6.4 % (revenues) in the same period. The key end-users of the non-halogenated flame retardants market are construction, and electricals. In 2013, construction contributed over 35% of the worldwide market.
Electricals will remain the fastest growing sector, at a CAGR of 7.5 % (volumes) and 8.6% (revenues), in the years to come. North America, with its stern security laws, was the leading client of the market. This region is anticipated to grow at around 7% CAGR till 2020. Europe and Asia Pacific chase North America.
RoW accounted for the least volume consumption, with little more than 2 percent of the global share. This could be ascribed to clemency in directives for fire control. However, the region would remain the most speedily expanding market (from 2014 to 2020) when fresh fire security and control measures are implemented.
The participants of the non-halogenated flame retardants market include Clariant International Ltd., Albermarle Corporation, BADF, Italmatch Chemicals, Dupont, Delmin, and Nabaltec AG.
Information Source: Grand View Research
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