Phosphorus FR market to grow 5.2 % per year to 2021
BACK TO NEWS
Organophosphorus markets are predicted to grow significantly over the coming five years in a study by Lucintel. Key drivers of this growth are identified as the phase-out of PBDEs, increasing awareness of fire safety and increasing market penetration of phosphorus flame retardants in different applications, in particular in engineering thermoplastics.
North America offers high growth potential as equipment manufacturers (OEMs) look for safer and more sustainable fire safety solutions. Growth is also expected in the rest of the world especially in construction, electrical and electronics and transport applications.
“Global Organophosphorus Flame Retardant Market 2016-2021: Trends, Forecast, and Opportunity Analysis”, July 2016