Flame retardant chemicals are most saliently used in the plastic industry. Since the use of plastic is widespread in many end-user industries and all the carbon-based materials are combustible, there is an immense need to decrease the risk of fire-related accidents. Non-halogenated or halogen-free flame retardants have significantly gained popularity with an increase in the number of regulations and restrictions over the usage of brominated flame retardants. Thermal stability and non-toxic nature of the phosphorous non-halogenated flame retardants are used in the form of polycarbonates, polyesters, and polyamides. With the development of a variety of aromatic phosphates, a halogen-free flame is gaining prominence in the global flame retardant chemicals market. Bisphenol-A bis (diphenyl phosphate) (BDP), Resorcinol bis (diphenyl phosphate) (RDP), and Triphenyl phosphate (TPP) have replaced the traditional flame retardants and have achieved commercial success in recent times. In 2017, FRX Polymers Inc., a global leader in polymeric halogen-free flame retardant solutions, announced the replacement for antimony in brominated flame retardant systems, making Nofia non-halogenated polyphosphonates available. Nofia flame retardants is an outstanding synergist in brominated flame retardant products and are experiencing massive demand as it is cost-effective and light-weight. Owing to these factors, as of 2018, the global Flame Retardant Chemicals Market size evaluated to be 32.5 billion. The demand for the same is poised to rise at a CAGR of 5.8% during 2019-2025.
According to the Our World in Data Organization, the annual number of deaths caused due to fire evaluated in 2016 was 132 million globally. An increase in the number of deaths and fire-related injuries have strengthened the demand and reaped the market revenue of flame retardant chemicals. The rise in the demand for flame retardant chemicals from end-user industries such as electrical and electronic, building and construction, and metal industries along with an increase in the adoption of fire safety regulations are fostering the flame retardant chemicals growth.
Impact of Flame Retardant Chemicals in the Application Industries
· Transportation Industry:
According to the U.S. Department of Transportation report, the country net value of transportation was estimated at $7.7 trillion in 2016. The widespread use of plastic formulations within the transport industry continues to make fire safety a top priority. The transportation industry is the largest consumer of brominated flame retardant hexabromocyclododecane (HBCDD). They are used in automotive textiles, insulation panels, and for plastic casings and cabinets.
Additionally, to ensure the safety of the passengers, the flame retardant chemicals are added in the seats to avoid small flames such as matches and cigarettes could prompt ignition. Thus, the opportunities created by the transportation industry is anticipated to open further avenues of market growth in the coming years.
· Building and Construction Industry
Loss of human life is majorly due to household fires. Flame retardants are mainly used in building products and materials because of strict government regulations. The use of flame retardant chemicals in structural insulations that are used in buildings is to conserve energy and to maintain a comfortable temperature. Governments’ regulation, such as in Europe, all the materials that are used in building and construction, should meet the fire regulation as per EN13501.
Moreover, in the United States, according to ASTM E 84, all the materials have to be tested.
Furthermore, phosphorus flame retardant chemicals are most commonly used in polyurethane foams that are available in three forms: reactive liquid flame retardants, additive liquid flame retardants, and solid flame retardants. According to the American Institute of Architects (AIA), the projected increase in the construction spending for nonresidential buildings is 4% and will continue to grow at the same growth rate through 2019. The growing pace of building and construction industry majorly in Africa, Saudi Arabia, the United Arab Emirates, and Qatar is expecting investments to increase the market demand for flame retardant chemicals.
· Furnishing Industry:
Fire-retardant chemicals are added to all the materials that are used for furnishing at home to reduce the speed at which the fire flames can spread such as sofas, mattresses, carpets, curtains, and home decors. The most common retardant compound used in the furnishing is bromine-based polybrominated diphenyl ethers (PBDE). Owing to this, there is a continuous upsurge in the production of PBDE. It has become very important for the people to be protected from devastating that from furnishing fires that the Federal Government started mandating the use of flame retardant chemicals in the home décor and furnishing products. Major developments have happened in the furnishing industry are the movement from brominated halogenated FR, and the industry is moving towards the trend of using polymeric flame retardants. This has enhanced the growth of the flame retardant chemicals market in the furnishing industry.
· Supermarkets and Hypermarkets:
The fastest-growing segment of the flame retardant chemicals market are the supermarkets and hypermarkets. The segment is expected to grow at a CAGR of 6.2% through to 2025. The flame retardant chemicals are used for producing the packaging boxes and cans. They play a vital role in food packaging in supermarkets and hypermarkets. If a fire breaks out in a store, these packaging materials will slow down the fire. Also, used extensively in the furnishing of the store such as cupboards, storage areas, and racks. These sections in a supermarket are prone to fire. Therefore, the flame retardant chemicals are applied as a part of furnishing to prevent the fire from spreading fast.
APAC Region Dominating the Flame Retardant Chemicals Market
APAC is leading the flame retardant chemicals market with a regional share of 41.5% as of 2018. Infrastructural activities are continuously growing in the countries in the ASEAN countries such as China and India, which is developing the structural elements, insulation, electric wires, and cables demand. In addition to this, according to the Global Systems for Mobile Communications (GSMA), APAC’s mobile industry is expected to contribute $1.9 trillion, which is 5.3% of the region’s GDP by the end of 2023. As of 2018, China contributed 1.2 billion unique mobile subscribers with over 97% of these coming from Mainland China, out of which 69% were smartphones. The availability of low-cost electronics substitutes and low-cost labor, the demand for electronic products is increasing, which is also booming the flame retardant chemicals market growth.
Furthermore, according to the Indian Brand Equity Foundation (IBEF), India’s domestic textile industry is expected to reach $250 billion by the end of 2019. Developments and modernization of the textile industry in the country are driving the market growth as textile consists of highly ignitable materials. To reduce the ignitability flame, retardant chemicals are used to reduce the effect. As a consequence, the flame retardant chemicals market is expected to upsurge in APAC.
The Major Frontrunners in the Market
Some key players dominating the flame retardant chemicals market are J. Clariant AG, Dow Chemical Company, BASF SE, Huntsman Corporation, Nippon Carbide Industries Co. Inc., Lanxess AG, Du Pont, Akzo Nobel N.V, Albemarle Corp., and J.M. Huber Corporation. Many companies are introducing new products to increase their market presence or entering into strategic mergers and acquisition, joint ventures, and partnerships. One such example of collaboration is:
· J.M. Huber Expands its Production Units in Germany
In March 2018, J.M. Huber Corporation, a chemical, additives, and minerals provider organization, announced a major capital investment to increase its production capacity for Martinal LEO precipitated alumina trihydrate in Germany. The company has expanded two production capacities to support the increasing demand from European customers. This investment will support in high-quality Martinal LEO grades by 20%. This is the major investment made by the company in the past 40 years at Martinswerk.
Talk to one of our sales representative about the full report by providing your details in the link below:
Flame Resistant Cable Market
Halogen-Free Flame Retardant Market
Fire Retardant Coatings Market
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
To request for a quote, provide your details in the below link:
Mr. Venkat Reddy
Email: [email protected]
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.