A market report by Zion Research predicts accelerating growth in the world flame retardant market, from US$ 6 billion in 2014 to US$10 billion in 2020, with an annual growth rate increasing progressively each year and averaging +10%/year over the 6 years.
This growth will be particularly driven by safety regulations in buildings and in automobiles. “Toxicity issues related to halogenated FRs” will result in organic molecule, phosphorus-based FRs being one of the fastest growing segments. A second report by 360 looks at the non-halogenated FR market to 2021. A third report by QY Research predicts growth of PIN flame retardants in the specific market of PBT (polybutylene terephthalate), a technical engineering thermoplastic polymer, from 2011 to 2020. PBT offer performance mechanical properties and resistance to wear and is increasingly used in electronics, automobile construction and in technical fibres. A fourth report (WGR) on all flame retardants estimates that the global FR will more than double from 6.7 billion US$ in 2016 to over 14 billion US$ in 2022, driven by increasing fire safety requirements and new end-user industries. Construction and infrastructure applications will grow particularly, and the development of synergists will contribute to market diversification.
“Demand Globally for Flame Retardant Chemicals to Grow”, 9 June 2016 Zion Research report Dec. 2015 “Halogen-Free Flame Retardant Market Analysis and Forecast by Applications and Competitors to 2021”, 360 Market Updates, October 2016. “Flame Retardant Chemicals (Aluminum Trihydrate (ATH), Antimony Oxides, Bromine, Chlorine, Organophosphorus and Others) Market for Building & Construction, Electronics, Automotive & Transportation, Wires & Cables, Textiles, and Other End-users: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”
“Global Halogen Free Flame Retardant PBT Market Professional Survey Report 2016”, QY Research July 2016
“Flame Retardant Chemicals – Global Market Outlook (2016-2022)”, WGR649638, 1 August, 2016