Posted on 13/02/2020 in Regulatory 2020
Growth predicted for flame retardants

New market studies continue to predict growth for flame retardant demand, particularly for PIN FRs.
Credence Research predicts 6.4% annual growth for the flame retardants globally to 2025, marginally higher than DataMintIntelligence (6.2% in pinfa Newsletter n°108), with particular growth in PIN FRs and in electrical & electronics, automotive and construction. Coherent with this, Industry Research predict 7.2% growth for PIN FRs worldwide to 2024, especially in E&E, driven by “rising awareness for eco-friendly FRs” and regulation obliging to move away from halogenated FRs. Zion estimated 8% growth (from 3 billion US$ in 2017 to 6.9 billion in 2024) for the global PIN FR market (pinfa Newsletter n°92). ResearchandMarkets estimated 6.2% growth from 2018 to 2023 (pinfa Newsletter n°96).
This FR market growth is reflected in Lucintel’s predictions for the flame retardant plastics market, estimating a 4% growth to US$ 55 billion worldwide by 2024. Lucintel identifies as main growth sectors: E&E, construction, transportation, wire & cable, pipe & tank, aerospace & defence, and marine, with drivers being fire regulations, growing consumption of FR plastics in E&E and increasing demand for halogen free wire and cable. Also, Transparency estimates the FR masterbatch market will grow worldwide at 7% to US$ 1.8 billion by 2027, again with especially strong growth in E&E, and driven by fire regulations in construction and industry and electrical vehicles.
ResearchandMarkets estimates the global LSHF (low smoke halogen free) cable market will grow at 10.7% from 2019 to 2027 (from 2.5 to 6.4 billion US$), again driven by regulations on fire safety, especially in construction, in both developed and developing economies.
TrendsMarketResearch (TMR) on the other hand predict a 3.7% growth rate in volume for FRs worldwide 2018-2023. TMR however predict the global FR masterbatch market to grow 8% in value 2019-2027 (from US$ 1.8 billion), with E&E and cables, construction and electric vehicles identified as sectors leading growth. For PIN FRs, DataBridgeMarketResearch predicts growth of 8.4% for 2019-2026 (from US$ 4.31 billion 2018), driven by increasing regulatory requirements for both fire safety and “environmentally friendly” FRs. For PIN FR cables, InsightPartners predicts 10.7% growth for low smoke zero halogen (LSZH) cables 2019-2027 (from US$ 2.5 billion 2018), driven by new testing standards for cables smoke emission and toxicity and corrosion resulting from non-LSZH cables in case of fire. Acumen predict 4.9% growth 2019-2026 for intumescent coatings (to reach US$ 1.5 billion 2026), driven especially by passive fire protection of steel structures in the oil and gas industries.

CredenceResearch “Flame Retardant Chemicals Market By Type (Alumina Trihydrate, Antimony Trioxide, Phosphorus Flame Retardants, Brominated Flame Retardants), By End-Use (Automotive, Construction, Textile, Electronics, Aerospace, Paints & Coatings, Packaging) – Growth, Future Prospects And Competitive Analysis, 2017 – 2025”
IndustryResearch “Non-Halogenated Flame Retardant Chemicals Market – Growth, Trends, and Forecast (2019-2024)”
Lucintel “Flame Retardant Plastics Market Report: Trends, Forecast and Competitive Analysis” (2019-2024)
Transparency Market Research “Flame Retardant Masterbatches Market (Type: Brominated, Chlorinated, Organophosphorus, Antimony Oxides, Alumina Trihydrate [ATH], and Others; Resin: PE, PP, ABS, PS, PC, and Others; and End-use Industry: Automobiles, Building & Construction, Electrical & Electronics, Consumer Products, Packaging, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027”
Research and Markets “Low Smoke Halogen Free Cable Market to 2027 – Global Analysis and Forecasts by Type; Insulation Material; Application”, July 2019

Share This