Two further reports confirm expected growth of the world PIN flame retardants market, estimating respectively annual growth rates of 8.3% 2017-2021 and 6.2% 2018-2023. Another recent study estimated growth of over 8% to 6.9 billion US$ by 2024 (pinfa Newsletter n°92). The two new reports note that PIN FRs contribute to fire safety “without emitting toxic gases”, indicating strong growth in electrical and electronics applications and in construction, as well as in industries including wire and cable, textiles and transportation.
“Halogen-Free Flame Retardant Chemicals Market Overview: Competition Trends, Top Players, Industry Growth and Forecast 2021”, Absolute Reports, 14 June 2018 https://www.absolutereports.com/global-halogen-free-flame-retardant-chemicals-market-2017-2021-10690489