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Flame Retardants Market: By Type, By Application, By End-Users, and Geography
Flame Retardants Market: By Type, By Application, By End-Users, and Geography
Flame Retardants Market size was valued at US$ 8,726.5 million in 2023 and is poised to grow at 4.8% CAGR over the forecast years to reach US$ 12,116.3 million by 2030. The flame-retardant market is expected to continue growing in the coming years, driven by several factors increasing fire safety regulations, growing demand for fire-resistant products, and advancements in flame-retardant technology. Governments around the world are implementing stricter fire safety regulations for buildings, electronics, and other products. This is driving demand for flame retardants as manufacturers seek to comply with these regulations. There is a growing demand for fire-resistant products in various end-use industries, such as construction, electrical & electronics, transportation, and furniture. This is due to factors such as increasing urbanization, rising disposable incomes, and growing awareness of fire safety.
Manufacturers are developing new and improved flame retardants that are more effective, less toxic, and more environmentally friendly. This is opening up new opportunities for the flame-retardant market. However, the flame-retardant market also faces some challenges and concerns about the safety of some flame retardants the high cost of some flame retardants, will impact the growth of the market. Despite these challenges, the flame-retardant market is expected to grow in the coming years, driven by the factors mentioned above. Here are some of the trends that are likely to shape the market in the future the development of greener flame retardants, increased demand for flame retardants in developing countries, and focus on flame retardant recycling.
Study Period
2024-2030Base Year
2023CAGR
4.8%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
The flame retardants market is growing due to the development of greener alternatives, some traditional flame retardants have been linked to health problems, such as cancer and endocrine disruption. This has led to regulations on the use of certain flame retardants and is driving the development of greener alternatives. As concerns about the safety of traditional flame retardants grow, there is a focus on developing greener alternatives. These alternatives are typically based on natural materials or are halogen-free. As developing countries experience economic growth, there is a growing demand for fire-resistant products. This is likely to lead to increased demand for flame retardants in these countries and a growing focus on recycling flame retardants at the end of their useful life. This is driven by both environmental and economic considerations.
Based on regions the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Asia Pacific currently dominates the market, this region is experiencing rapid infrastructural development and a growing electronics manufacturing sector, both of which require flame retardants. China is a particularly strong market due to its massive manufacturing base. North America and Europe are mature markets however, there is still growth potential in these regions due to the ongoing focus on fire safety regulations and the replacement of aging infrastructure regions like Latin America, the Middle East, and Africa are undergoing rapid economic development and are increasingly adopting stricter fire safety standards.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 8,726.5 million |
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Market Size in 2030 |
US$ 12,116.3 million |
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Market CAGR |
4.8% |
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By Type |
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By Application |
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By End User |
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Download Free Sample Report
The flame retardants market was valued at US$ 8,726.5 million in 2023 and is projected to grow at 4.8% CAGR over the forecast years to reach US$ 12,116.3 million by 2030.
Flame retardants are various chemicals applied to materials to prevent burning or slow the spread of fire. These chemicals are used in various consumer and industrial products to decrease the ability of materials to ignite and protect property and lives.
• Increasing fire safety regulations • Growing demand for fire-resistant products • Advancements in flame-retardant technology
• The safety of some flame retardants • The high cost of some flame retardants
• Greener flame-retardant development • Increased demand for flame retardants in developing countries. • Focus on flame retardant recycling.
Market research is segmented based on type, application, end-users, and region.
Asia-Pacific is the dominating region in the flame retardants market.
| 1.Executive Summary |
| 2.Global Flame Retardants Market Introduction |
| 2.1.Global Flame Retardants Market - Taxonomy |
| 2.2.Global Flame Retardants Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Flame Retardants Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Flame Retardants Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Flame Retardants Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Alumina trihydrate |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Brominated flame retardants |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Antimony trioxide |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Phosphorous flame retardants |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Flame Retardants Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Unsaturated Polyester Resins |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Epoxy Resins |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. PVC |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Rubber |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Polyolefins |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Flame Retardants Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Construction |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Automotive & Transportation |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Electronics |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Flame Retardants Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Flame Retardants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Alumina trihydrate |
| 9.1.2.Brominated flame retardants |
| 9.1.3.Antimony trioxide |
| 9.1.4.Phosphorous flame retardants |
| 9.1.5.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Unsaturated Polyester Resins |
| 9.2.2.Epoxy Resins |
| 9.2.3.PVC |
| 9.2.4.Rubber |
| 9.2.5.Polyolefins |
| 9.2.6.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Construction |
| 9.3.2.Automotive & Transportation |
| 9.3.3.Electronics |
| 9.3.4.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Flame Retardants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Alumina trihydrate |
| 10.1.2.Brominated flame retardants |
| 10.1.3.Antimony trioxide |
| 10.1.4.Phosphorous flame retardants |
| 10.1.5.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Unsaturated Polyester Resins |
| 10.2.2.Epoxy Resins |
| 10.2.3.PVC |
| 10.2.4.Rubber |
| 10.2.5.Polyolefins |
| 10.2.6.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Construction |
| 10.3.2.Automotive & Transportation |
| 10.3.3.Electronics |
| 10.3.4.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Flame Retardants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Alumina trihydrate |
| 11.1.2.Brominated flame retardants |
| 11.1.3.Antimony trioxide |
| 11.1.4.Phosphorous flame retardants |
| 11.1.5.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Unsaturated Polyester Resins |
| 11.2.2.Epoxy Resins |
| 11.2.3.PVC |
| 11.2.4.Rubber |
| 11.2.5.Polyolefins |
| 11.2.6.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Construction |
| 11.3.2.Automotive & Transportation |
| 11.3.3.Electronics |
| 11.3.4.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Flame Retardants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Alumina trihydrate |
| 12.1.2.Brominated flame retardants |
| 12.1.3.Antimony trioxide |
| 12.1.4.Phosphorous flame retardants |
| 12.1.5.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Unsaturated Polyester Resins |
| 12.2.2.Epoxy Resins |
| 12.2.3.PVC |
| 12.2.4.Rubber |
| 12.2.5.Polyolefins |
| 12.2.6.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Construction |
| 12.3.2.Automotive & Transportation |
| 12.3.3.Electronics |
| 12.3.4.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Flame Retardants Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Alumina trihydrate |
| 13.1.2.Brominated flame retardants |
| 13.1.3.Antimony trioxide |
| 13.1.4.Phosphorous flame retardants |
| 13.1.5.Others |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Unsaturated Polyester Resins |
| 13.2.2.Epoxy Resins |
| 13.2.3.PVC |
| 13.2.4.Rubber |
| 13.2.5.Polyolefins |
| 13.2.6.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Construction |
| 13.3.2.Automotive & Transportation |
| 13.3.3.Electronics |
| 13.3.4.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Clariant |
| 14.2.2.Lubrizol Corporation |
| 14.2.3.LANXESS |
| 14.2.4.ICL Group |
| 14.2.5.BASF SE |
| 14.2.6.Albemarle Corporation |
| 14.2.7.Jiangsu Yoke Technology Co. Ltd |
| 14.2.8.RTP Company Clariant |
| 14.2.9.Nabaltec AG |
| 14.2.10.Celanese Corporation |
| 14.2.11.Green chemicals SpA |
| 14.2.12.Kisumu Chemicals |
| 14.2.13.Dow |
| 14.2.14.Akzo Nobel N.V. |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.