The global market for non-halogenated flame
retardants is expected to reach USD 2.54 billion by 2020, according to a new
study by Grand View Research, Inc. Concern for human health and environment has
led to many countries banning halogen based flame retardants. These regulations
and legislations are key factors positively affecting the demand for halogen
free retardants. Polymers are being increasingly used in many end use
industries such as automotive, electrical, construction, etc. Increased use of
polymers has given a significant rise to risk of fire accidents. Extensive use
of non-halogenated flame retardants for countering these instances will lead to
its increased demand and eventual market growth. The estimated CAGR for market
revenue is 8.2%. However, issues with processing of these materials are
expected to be a challenge for market participants.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/non-halogenated-flame-retardantsFurther key findings from the study suggest:
- The global market for non-halogenated flame retardants is expected to reach 2013.9 kilo tons, growing at an estimated CAGR of 7.3% from 2014 to 2020 in terms of volume.
- Phosphorous based retardants are expected to generate over 50% of the overall market revenue, growing at an estimated CAGR of 8.3% till 2020. It is also estimated to be the fastest growing segment in revenue terms.
- Construction is leading non-halogenated flame retardants end use segment in terms of revenue, however its estimated CAGR of 7.9% is the lowest.
- North America was a dominant consumer of non-halogenated flame retardants in 2013 with over 40% volume share and is expected to continue this trend with a CAGR of 7%, below the consolidated industry CAGR of 7.3%.
- Market structure is fragmented with a number of players accounting for more than 60% of the market share.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
For
the purpose of this study, Grand View Research has segmented the
non-halogenated flame retardants market on the basis of product, application,
end use and region:
Global Non-Halogenated Flame
Retardants Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2020)
• Aluminum hydroxide
• Phosphorous Based
• Others (nitrogen, magnesium
hydroxide, etc.)
Global Non-Halogenated Flame
Retardants Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2020)
• Polylefins
• Epoxy resins
• UPE
• PVC
• ETP
• Rubber
• Styrenics
• Others Applications
Global Non-Halogenated Flame
Retardants End Use industry Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2020)
• Electrical
• Construction
• Transportation
• Others (furniture, textiles,
etc.)
Non-Halogenated Flame Retardants
Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
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James
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Sales Specialist, U.S.A.
Grand
View Research, Inc.
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Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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