Posted on 11/07/2019 in 2019
Growing demand for flame retardants

Several market studies predict continuing growth for flame retardants, in particular for non-halogenated PIN solutions.
360MarketUpdates projects an annual growth rate of 5.1% (CAGR) for the world flame retardant market 2018-2013. Key drivers for this growth in demand are identified as fire safety needs in infrastructure construction, especially in India, China and ASEAN countries, as well as growing use of flame retardants in electronic and electrical goods.
FMI (Future Market Insights) estimates that the world non-halogenated flame retardant market will grow at 6.4% CAGR 2015-2025, to exceed US$ 4.5 billion. Drivers identified in the report are increasing use of polymers in electrical and electronics, construction and transport, especially automotive, as well as “rising concerns” about halogenated FRs. Non-halogenated FRs are considered by the report to be “more environmentally friendly …can be recycled and produce relatively low and non-toxic smoke …”.
ReportOcean, however, estimates that the world non-halogenated flame retardant market will grow at >8% in value CAGR 2017-2024 (>7% growth in tonnage), to reach over 6.9 billion US$ (around 3 million tonnes). Main drivers are here indicated as adoption of environmentally friendly solutions by industry and regulations, both excluding halogenated FRs, as well as growth in construction and electronics user industries.
Energias assess expected growth in fire-resistant cables, estimated CAGR of more than 3% 2018-2024, to reach over 2.1 billion US$. These cables ensure circuit integrity for specified times in case of fire. Increasingly stringent fire safety regulations, urbanisation, growth in the construction and automotive industries, and increased spending on fire precautions in buildings are here identified as drivers.

OceanReports 16/4/2019 “Halogen Free Flame Retardant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024”
360MarketUpdates 2/4/2019 “Global Flame Retardant Chemicals Market, Trends, CAGR Status, Market Growth, Analysis and Forecast (2018 – 2023)”
FMI 10/4/2019 “Non-halogenated Flame Retardants Market Revenue Expected to Exceed US$ 4.5 Bn by 2025”
Energias Market Research, 13/3/2019 “Fire-Resistant Cable Market: to witness a CAGR of 3.1% during 2018-2024”

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