세계의 난연성 화학제품 시장 - 예측(2024-2029년)

The global flame-retardant chemicals market is evaluated at US$10.071 billion for the year 2022 and is projected to grow at a CAGR of 5.58% to reach a market size of US$14.734 billion by the year 2029.

Chemicals known as flame retardants are applied to materials to prevent or delay the spread of fire, lowering the danger of combustion and enhancing fire safety. Through a variety of methods, including chilling the substance, creating a barrier, or blocking the chemical interactions that lead to the spread of fire, these substances stop the combustion process.

Chemicals that are often employed as flame retardants include phosphorus- and nitrogen-based compounds, halogenated compounds (such as brominated and chlorinated flame retardants), and mineral-based additives (such as magnesium hydroxide and aluminum hydroxide).

MARKET TRENDS:

The major end-user markets for flame retardant chemicals are building and construction, electrical and electronics, transportation, textiles, and furniture. Rising construction activities and growing demand for electrical and electronic products have increased the demand for flame-retardant chemicals across the industry. Growing awareness about the environment and health concerns and rising awareness about eco-friendly flame retardants are anticipated to drive the demand for flame retardant chemicals, which is expected to drive the overall market growth.

Furthermore, the growing use of bio-based flame retardants is further going to unlock growth opportunities for manufacturers to increase their profit margins by introducing environment-friendly flame retardant chemicals. The most widely used flame retardant chemicals are- polybrominated diphenyl ethers, tetrabromobisphenol A (TBBPA), and organophosphate flame retardants. Moreover, the shortage of raw materials and their hazardous impact on health and the environment are expected to hinder the growth of the market in the coming years.

MARKET DRIVERS:

• Increasing application of flame retardant chemicals in the construction industry is anticipated to drive the market's growth.

One of the primary reasons driving the market's growth is the continually increasing demand from the end-user industries, especially in building and construction. Owing to strict fire safety regulations, there is a high demand for flame-retardant chemicals in the construction sector. In residential and commercial buildings, flame retardants are mostly used in structural insulation.

Many residential, as well as commercial sectors, use insulators because of their higher energy efficiency and low utility costs. Increasingly strict rules and regulations related to the various fire standards around the world are anticipated to further drive market growth. For example, in European countries, all materials that are used for construction purposes, including flame retardant chemicals, must meet certain specifications for fire requirements according to EN 13501. In the United States, all the material has to be tested according to ASTM E 84.

The government of India has set up a fund for housing, under the National Housing Bank. The continuous spending in the housing and residential sector is expected to drive market growth. China is one of the major economies, which is expected to drive the market in the coming years. According to the National Development and Reform Commission, the construction of major projects in the country has surged in recent years, from waterways, and highways to residential projects.

• Rising concerns about fire hazards might impact global flame retardant chemicals market growth.

The flame retardant chemicals market is being greatly impacted by growing concerns about fire dangers, which is propelling considerable development in several industries. The need for fire safety precautions has come to light as the number of fire incidents in residential, commercial, and industrial settings has increased. Governments and regulatory agencies across the globe have enforced strict building rules and laws that require the use of flame-retardant chemicals in a variety of products, such as electronics, textiles, automobile parts, and building materials.

Flame retardant chemicals are in high demand as a result of manufacturers and consumers placing a higher priority on fire-resistant products to reduce the danger of fire mishaps. The flame retardant chemicals market is rising rapidly due to growing concerns about fire dangers. This growth is being fueled by many factors such as regulatory compliance, technical improvements, sustainability initiatives, and expanding uses across a wide range of sectors.

RESTRAINTS:

The flame retardant chemicals market is subject to many constraints that may impede its growth, even with the notable growth drivers. The increased focus on the effects of conventional flame retardant chemicals on the environment and human health is one of the main obstacles. Environmentally friendly alternatives are becoming increasingly popular as a result of regulatory agencies placing limitations on the use of certain flame retardants due to concerns about their toxicity, persistence, and bioaccumulation.

Furthermore, market participants face financial and operational difficulties due to the high expenses of creating and deploying innovative flame retardant technologies as well as the difficulty of complying with regulatory requirements. Overall, even though the flame retardant chemicals market is growing globally, the industry's ability to develop and remain competitive over the long run depends on how well these technological, financial, legal, and environmental constraints are addressed.

North America is anticipated to be the major regional market.

The flame retardant chemicals market in North America is driven by many factors that foster its growth and expansion. The need for flame retardant chemicals is driven by strict fire safety rules set by government authorities and industry standards organizations. These restrictions are present in several industries, including construction, automotive, electronics, and textiles. The flame retardant chemicals market is supported by the region's strong construction sector, which is typified by continuous infrastructure building and renovation projects and generates a sizable need for fire-resistant materials and coatings.

Market expansion is also driven by technological developments and formulation improvements in flame retardants, which aim to improve efficacy, environmental sustainability, and compatibility with end-use applications. In addition, the region's robust electronics and electrical equipment manufacturing sector and the growing use of flame retardant materials in the automotive industry to raise vehicle safety standards support the market's overall growth trajectory in North America.

Key Developments:

• In October 2023, Clariant, a specialty chemical business with a focus on sustainability, officially opened its new, state-of-the-art production facility for halogen-free flame retardants in Daya Bay, Huizhou, marking another significant milestone in its China Strategy.
• In October 2022, Leading inventive organization Italmatch Chemicals, which specializes in performance additive chemicals, began building a new flame retardant factory in China, where it already has three sites.
• In July 2022, To give clients a complete solution that fulfills strict fire safety regulations and improves the sustainability and performance of certain plastic compounds, BASF and THOR GmbH pooled their expertise in non-halogenated flame retardant additives.

Segmentation:

By Type

• Halogen
• Phosphor
• Antimony Oxide
• Others

By End-User Industry

• Textiles
• Automotive
• Construction
• Electrical and Electronics
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base, and Forecast Years Timeline
• 1.8. Key Benefits for the stakeholder

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Processes

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis
• 4.5. Analyst View

5. GLOBAL FLAME RETARDANT CHEMICALS MARKET, BY TYPE

• 5.1. Introduction
• 5.2. Halogen
  • 5.2.1. Market Trends and Opportunities
  • 5.2.2. Growth Prospects
  • 5.2.3. Geographic Lucrativeness
• 5.3. Phosphor
  • 5.3.1. Market Trends and Opportunities
  • 5.3.2. Growth Prospects
  • 5.3.3. Geographic Lucrativeness
• 5.4. Antimony Oxide
  • 5.4.1. Market Trends and Opportunities
  • 5.4.2. Growth Prospects
  • 5.4.3. Geographic Lucrativeness
• 5.5. Others
  • 5.5.1. Market Trends and Opportunities
  • 5.5.2. Growth Prospects
  • 5.5.3. Geographic Lucrativeness

6. GLOBAL FLAME RETARDANT CHEMICALS MARKET, BY END-USER INDUSTRY

• 6.1. Introduction
• 6.2. Textiles
  • 6.2.1. Market Trends and Opportunities
  • 6.2.2. Growth Prospects
  • 6.2.3. Geographic Lucrativeness
• 6.3. Automotive
  • 6.3.1. Market Trends and Opportunities
  • 6.3.2. Growth Prospects
  • 6.3.3. Geographic Lucrativeness
• 6.4. Construction
  • 6.4.1. Market Trends and Opportunities
  • 6.4.2. Growth Prospects
  • 6.4.3. Geographic Lucrativeness
• 6.5. Electrical and Electronics
  • 6.5.1. Market Trends and Opportunities
  • 6.5.2. Growth Prospects
  • 6.5.3. Geographic Lucrativeness
• 6.6. Others
  • 6.6.1. Market Trends and Opportunities
  • 6.6.2. Growth Prospects
  • 6.6.3. Geographic Lucrativeness

7. GLOBAL FLAME RETARDANT CHEMICALS MARKET, BY GEOGRAPHY

• 7.1. Introduction
• 7.2. North America
  • 7.2.1. By Type
  • 7.2.2. By End-User Industry
  • 7.2.3. By Country
    • 7.2.3.1. USA
      • 7.2.3.1.1. Market Trends and Opportunities
      • 7.2.3.1.2. Growth Prospects
    • 7.2.3.2. Canada
      • 7.2.3.2.1. Market Trends and Opportunities
      • 7.2.3.2.2. Growth Prospects
    • 7.2.3.3. Mexico
      • 7.2.3.3.1. Market Trends and Opportunities
      • 7.2.3.3.2. Growth Prospects
• 7.3. South America
  • 7.3.1. By Type
  • 7.3.2. By End-User Industry
  • 7.3.3. By Country
    • 7.3.3.1. Brazil
      • 7.3.3.1.1. Market Trends and Opportunities
      • 7.3.3.1.2. Growth Prospects
    • 7.3.3.2. Argentina
      • 7.3.3.2.1. Market Trends and Opportunities
      • 7.3.3.2.2. Growth Prospects
    • 7.3.3.3. Others
      • 7.3.3.3.1. Market Trends and Opportunities
      • 7.3.3.3.2. Growth Prospects
• 7.4. Europe
  • 7.4.1. By Type
  • 7.4.2. By End-User Industry
  • 7.4.3. By Country
    • 7.4.3.1. United Kingdom
      • 7.4.3.1.1. Market Trends and Opportunities
      • 7.4.3.1.2. Growth Prospects
    • 7.4.3.2. Germany
      • 7.4.3.2.1. Market Trends and Opportunities
      • 7.4.3.2.2. Growth Prospects
    • 7.4.3.3. France
      • 7.4.3.3.1. Market Trends and Opportunities
      • 7.4.3.3.2. Growth Prospects
    • 7.4.3.4. Spain
      • 7.4.3.4.1. Market Trends and Opportunities
      • 7.4.3.4.2. Growth Prospects
    • 7.4.3.5. Others
      • 7.4.3.5.1. Market Trends and Opportunities
      • 7.4.3.5.2. Growth Prospects
• 7.5. Middle East and Africa
  • 7.5.1. By Type
  • 7.5.2. By End-User Industry
  • 7.5.3. By Country
    • 7.5.3.1. Saudi Arabia
      • 7.5.3.1.1. Market Trends and Opportunities
      • 7.5.3.1.2. Growth Prospects
    • 7.5.3.2. UAE
      • 7.5.3.2.1. Market Trends and Opportunities
      • 7.5.3.2.2. Growth Prospects
    • 7.5.3.3. Israel
      • 7.5.3.3.1. Market Trends and Opportunities
      • 7.5.3.3.2. Growth Prospects
    • 7.5.3.4. Others
      • 7.5.3.4.1. Market Trends and Opportunities
      • 7.5.3.4.2. Growth Prospects
• 7.6. Asia Pacific
  • 7.6.1. By Type
  • 7.6.2. By End-User Industry
  • 7.6.3. By Country
    • 7.6.3.1. China
      • 7.6.3.1.1. Market Trends and Opportunities
      • 7.6.3.1.2. Growth Prospects
    • 7.6.3.2. Japan
      • 7.6.3.2.1. Market Trends and Opportunities
      • 7.6.3.2.2. Growth Prospects
    • 7.6.3.3. India
      • 7.6.3.3.1. Market Trends and Opportunities
      • 7.6.3.3.2. Growth Prospects
    • 7.6.3.4. South Korea
      • 7.6.3.4.1. Market Trends and Opportunities
      • 7.6.3.4.2. Growth Prospects
    • 7.6.3.5. Taiwan
      • 7.6.3.5.1. Market Trends and Opportunities
      • 7.6.3.5.2. Growth Prospects
    • 7.6.3.6. Thailand
      • 7.6.3.6.1. Market Trends and Opportunities
      • 7.6.3.6.2. Growth Prospects
    • 7.6.3.7. Indonesia
      • 7.6.3.7.1. Market Trends and Opportunities
      • 7.6.3.7.2. Growth Prospects
    • 7.6.3.8. Others
      • 7.6.3.8.1. Market Trends and Opportunities
      • 7.6.3.8.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 8.1. Major Players and Strategy Analysis
• 8.2. Market Share Analysis
• 8.3. Mergers, Acquisitions, Agreements, and Collaborations
• 8.4. Competitive Dashboard

9. COMPANY PROFILES

• 9.1. Clariant Ltd.
• 9.2. Albermarle Corporation
• 9.3. Daihachi Chemical Industry Co., Ltd
• 9.4. J.M Huber Corporation
• 9.5. Thor Industries
• 9.6. Apexical, Inc.
• 9.7. MPI Chemie B.V.
• 9.8. DIC Corporation
• 9.9. Lanxess