The world market for flame retardants is predicted to grow nearly 6% per year from 2015 to 2020, from US$ 7 to 10 billion, according to a new Market study by ResearchAndMarkets. Today, Asia has today nearly 50% of the world FR market, and is the fastest growing. The electronics and cables markets are expected to grow fastest, driven by rising demand for consumer electronics.
The worldwide increase in the standard of living will increase demand for flame retardants, because fire safety requirements are linked with increases in standards of living. PIN flame retardants will benefit from market changes and regulation. In particular, inorganic FRs, including nanocomposites and expandable graphite, are expected to expand markets, because of positive health profiles and effectiveness for smoke suppression.
“Global Market for Flame Retardant Chemicals Segmented by Application, Composition and Geography (2015-2020)” http://www.researchandmarkets.com/reports/3618564