Flame Retardant Market Global Forecast Report by Product Type (Halogenated, Non-Halogenated), Application (Polyolefins, Epoxy Resins, UPE (Unsaturated Polyster), PVC (Polyvinyl Chloride), ETP (Engineering Thermoplastics), Others), Chemistry (ATH, Brominated, Antimony Oxides, Chlorinated, Phosphorus Compounds, Others), End Use (Electrical & Electronics, Construction, Transportation, Others), Country and Company Analysis 2024-2032
Buy NowFlame Retardant Market Size
Flame retardant market was valued at US$9.38 billion in 2023 and is expected to reach approximately US$15.88 billion by 2032, with CAGR of 6.03% from 2024 to 2032. The growth in demand to flame retardants is acknowledged in response to the growing use of fire-resistant products across various sectors within electrical and electronics, transportation and construction.
Flame Retardant Market Outlooks
Flame retardants are chemicals having a function to delay the fire spread in the product. They can be used in all sorts of materials to make the finished products less flammable or at least to buy time in case of fire, time for evacuation or actually fighting the fire. They attain their results by interfering with the combustion process in one of two ways: by creating a char layer and by generating gases that extinguish fire.
Flame retardants find application in industries such as construction, electronics, textiles, automobile industries among others. These increase fire safety because they are incorporated into building insulation, wire/coaxial cables, furniture, and apparel. In electronics, they avoid shorting of circuit and overheating of electrical appliances. While flame retardants are helpful, some of them are environmentally and health hazardous; therefore, the development of better flame retardants continues.
| Report Features | Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 - 2032 |
|
Historical Years |
2019 - 2023 |
|
Market Size in 2023 |
US$ 9.38 Billion |
|
Market Forecast in 2032 |
US$ 15.88 Billion |
|
Market Growth Rate (2024-2032) |
6.02% |
Growth Driver of the Flame Retardant Market
Stringent Fire Safety Regulations
Flame retardant is mainly influenced by government laws and fire protection in different regions. Different sectors such as construction, automotive, electronics industries etc., have to adhere to certain fire safety regulation in order to safeguard consumers and avoid fire dangers. The demand for flame retants is growing as the global regulatory agencies set higher safety standards, thus its use in building materials, textiles and electronics. This drive for improved flame resistance is therefore creating better demand for flame retardant chemicals especially in the North American and European markets. The EU’s Green Deal Industrial Plan published in February 2023, increase European industrial edge and production capability during the bloc’s shift of its manufacturing industry towards climate neutrality.
Rising Construction Activities
Flame retardants are felicitated by the growing construction industry; especially in the developing countries. With increasing rates of population growth and development of infrastructures, requirements for flame retardant materials in dwelling, business, and manufacturing structures have increased. Flame retardants are crucial for insulation, roof, and coatings, as far as fire protection standard measures are concerned in building construction. Also, HRT has expanded the market as a result of the tendency in constructing environmentally friendly buildings and structures. As construction activities escalate, especially in the Asia-Pacific area, the flame retardant market is expected to expand remarkably.
Increased Use of Consumer Electronics
Flame retardants are widely used in electronics goods, including smartphone, laptops and home appliances, due to the continuous growth in their usage. Flame retardant additives must be used for the component because electronics components heat up very easily, resulting in short circuits. As technology and production progress, electronic devices’ parts become more tender and tinier, enhancing fire risks; as a result, flame retardants contained in electrical products. Furthermore, the upsurge of the electric vehicle market is inducing further demand of flame-resistant material to safeguard the battery system. This trend, coupled with a growth in global electronic consumption, plays a major role in market growth. In April 2024, Finolex introduced electric wires to boost safety in electrical works and prevent fire accidents through FinoGreen – the new set of sustainable and flame-retardant wires.
North America Flame Retardant Industry
Flame-retardant markets in North America are rapidly expanding since the authorities increase fire safety requirements for construction, automotive, and electronics industries. Growing population density and the need for fire protection materials in structures and products fuels the market’s growth, specifically in the U.S. and Canada.
United States Flame Retardant Industry
The United States flame retardant market is in gradual expansion due to increasing fire compliance standards in significant construction, automotive, and electronics industries. Rapid changes in demography, especially the urbanization process, infrastructural improvements have made flame retardant more crucial in buildings ,moments and in electricity equipment. Further, the increasing EV market is a driver for flame retardants for the purpose of improving battery safety. The government policies on fire prevention and safety standards, along with technological development in flame retardant materials is favoring the industry for growth. The change towards environment friendly and non-hazardous flame parasite is also picking up pace in the United States.
Asia Pacific Flame Retardant Industry
The flame-retardant industry in the Asia-Pacific region is still emerging as construction projects continue to rise as well as the growing concern over safety from fires. Some of the major reports include China and India based on the fact that there is an increasing requirement of flame-resistant materials by textile industries, electronics, automobile among others. This growth is attributed to concern with safety and compliance as is evident in other markets.
China Flame Retardant Industry
Flame-retardant market, as one of the fastest developing industries in China, has been driven by the process of industrialization and urbanization. The fire safety requirements in the construction industry, automotive industry, electronics industry, amongst others, propel the flame resistant material industry. Additional momentum for growth is provided by the government’s ongoing efforts to improve safety protocols and increase the level of fire risks. Also, need of flame retardants has been extended due to progressing EV market especially in battery assembly and electrical equipment parts. China socialism orientation towards green sustainable development also implies change towards more environmentally friendly non- toxic flamer retardants. Further, the continuous change in the industry will be characterized by advanced innovations in formulations and application. The latest investment in the China strategy was Clariant’s new production site for halogen-free flame retardants started in Daya Bay, Huizhou in October 2023. The facility cost was also financed by an investment of CHF 60 million, which was successfully achieved on the specified time frame.
Flame Retardant Company Analysis
Some of the key players in the market include Albemarle Corporation, BASF AG, Clariant AG, DIC Corporation, The Dow Chemical Company, Icl Group Ltd, Lanxess AG, and UFP Industries, Inc.
Flame Retardant Company News
In April 2024, Trinseo launched new PFAS-free flame-retardant products, including two grades of Emerge-brand polycarbonate resin and one grade of Emerge-brand PC/ABS blend. These products maintain critical performance attributes while addressing the demand and regulatory pressures to reduce PFAS use, especially in consumer electronics and electrical industries.
In February 2024, Evonik launched its new INFINAM FR 4100L 3D printing resin, designed for digital light processing (DLP) technology to produce flame-retardant and mechanically durable parts.
The Interim Budget 2024-25 increased the capital investment outlay for infrastructure by 11.1% to Rs 11.11 lakh crore, which would be 3.4% of GDP. Additionally, according to the IBEF report, FDI in the construction development and construction activity sectors stood at USD 26.54 billion and USD 33.52 billion, respectively, between April 2000 and December 2023.
In October 2023, Solvay launched a new SolvaLite grade with superior flame retardancy for battery enclosures, meeting the automotive sector's demand for material solutions to protect electric batteries from fire hazards.
Product Type: Industry is divided into 2 viewpoints:
- Halogenated Flame Retardants
- Non-Halogenated Flame Retardants
Application: Industry is divided into 6 viewpoints:
- Polyolefins
- Epoxy Resins
- UPE (Unsaturated Polyster)
- PVC (Polyvinyl Chloride)
- ETP (Engineering Thermoplastics)
- Others
Chemistry: Industry is divided into 6 viewpoints
- ATH
- Brominated
- Antimony Oxides
- Chlorinated
- Phosphorus Compounds
- Others
End Use: Industry is divided into 4 viewpoints
- Electrical & Electronics
- Construction
- Transportation
- Others
Countries: Industry is divided into 25 Countries
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.4 United Kingdom
2.5 Belgium
2.6 Netherlands
2.7 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All companies have been covered with 4 Viewpoints
- Overview
- Key Persons
- Recent Development & Strategies
- Revenue Analysis
Key Players Analysis
- Albemarle Corporation
- BASF AG
- Clariant AG
- DIC Corporation
- The Dow Chemical Company
- Icl Group Ltd
- Lanxess AG
- UFP Industries, Inc.
Report Details:
| Report Features | Details |
| Base Year |
2023 |
| Historical Period |
2019 - 2023 |
| Forecast Period |
2024 - 2032 |
| Market |
US$ Billion |
| Segment Covered | Product Type, Application, Chemistry, End User and Countries |
| Countries Covered |
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
|
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Customization Services available
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1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Flame Retardants Market
6. Market Share Analysis
6.1 By Product Type
6.2 By Application
6.3 By Chemistry
6.4 By End Use
6.5 By Countries
7. Product Type
7.1 Halogenated Flame Retardants
7.2 Non-Halogenated Flame Retardants
8. Application
8.1 Polyolefins
8.2 Epoxy Resins
8.3 UPE (Unsaturated Polyster)
8.4 PVC (Polyvinyl Chloride)
8.5 ETP (Engineering Thermoplastics)
8.6 Others
9. Chemistry
9.1 ATH
9.2 Brominated
9.3 Antimony Oxides
9.4 Chlorinated
9.5 Phosphorus Compounds
9.6 Others
10. End Use
10.1 Electrical & Electronics
10.2 Construction
10.3 Transportation
10.4 Others
11. Countries
11.1 North America
11.1.1 United States
11.1.2 Canada
11.2 Europe
11.2.1 France
11.2.2 Germany
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Belgium
11.2.7 Netherlands
11.2.8 Turkey
11.3 Asia Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Thailand
11.3.6 Malaysia
11.3.7 Indonesia
11.3.8 Australia
11.3.9 New Zealand
11.4 Latin America
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Argentina
11.5 Middle East & Africa
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 South Africa
12. Porter’s Five Forces Analysis
12.1 Bargaining Power of Buyers
12.2 Bargaining Power of Suppliers
12.3 Degree of Rivalry
12.4 Threat of New Entrants
12.5 Threat of Substitutes
13. SWOT Analysis
13.1.1 Strength
13.1.2 Weakness
13.1.3 Opportunity
13.1.4 Threat
14. Key Players Analysis
14.1 Albemarle Corporation
14.1.1 Overview
14.1.2 Key Persons
14.1.3 Recent Development & Strategies
14.1.4 Revenue Analysis
14.2 BASF AG
14.2.1 Overview
14.2.2 Key Persons
14.2.3 Recent Development & Strategies
14.2.4 Revenue Analysis
14.3 Clariant AG
14.3.1 Overview
14.3.2 Key Persons
14.3.3 Recent Development & Strategies
14.3.4 Revenue Analysis
14.4 DIC Corporation
14.4.1 Overview
14.4.2 Key Persons
14.4.3 Recent Development & Strategies
14.4.4 Revenue Analysis
14.5 The Dow Chemical Company
14.5.1 Overview
14.5.2 Key Persons
14.5.3 Recent Development & Strategies
14.5.4 Revenue Analysis
14.6 Icl Group Ltd
14.6.1 Overview
14.6.2 Key Persons
14.6.3 Recent Development & Strategies
14.6.4 Revenue Analysis
14.7 Lanxess AG
14.7.1 Overview
14.7.2 Key Persons
14.7.3 Recent Development & Strategies
14.7.4 Revenue Analysis
14.8 UFP Industries, Inc.
14.8.1 Overview
14.8.2 Key Persons
14.8.3 Recent Development & Strategies
14.8.4 Revenue Analysis
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