A global market study (Mordor) anticipates growth of 6.2% per year for PIN flame retardants for the period 2018-2023, from a global value of 1.4 billion USD in 2016. The study considers that growth will be driven by infrastructure development in emerging economies and by increasing consumer demand for electronics worldwide.
Flame retardants are needed for fire safety, and health and environment concerns are expected by the study to lead to regulations further restricting the use of halogenated flame retardants. A second report (Ceresana) studies FR demand growth to 2024, concluding that transport will be the highest growth sector, but with construction remaining the biggest use sector.
“Global Non-Halogenated Flame Retardant Chemicals Market – Growth, Trends and Forecasts (2018 – 2023)”, MordorIntelligence, December 2017 and March 2018 https://chemicals.report/chemical-reports/global-non-halogenated-flame-retardant-chemicals-market/ and https://www.mordorintelligence.com/industry-reports/non-halogenated-flame-retardants-market
“Market study: Flame Retardants (5th edition)”, Ceresana, January 2018 http://www.ceresana.com/en/market-studies/chemicals/flame-retardants/