The global PIN FR market is expected to reach 6.9 billion US$ by 2024, according to a market study by Zion Market Research, more than doubling from an estimated 3 billion in 2016. That is an annual growth rate of over 8% (value) and 7% (tonnage). The study indicates that growth will be driven by increasing use of plastics in many industries, often replacing metals to reduce weight and save costs, as well as end-user industry fire safety awareness and regulatory restrictions on halogenated FRs. Construction, wire and cable and E&E are indicated as main use growth sectors. In a separate study, Technavio estimates annual growth of over 8.5% for low smoke halogen-free flame retardant polypropylene for 2017-2022, driven particularly by growth in the construction industry.
“Global Halogen Free Flame Retardant Market — Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024″, Zion Market Research, 16 Feb. 2018 https://www.zionmarketresearch.com/news/halogen-free-flame-retardant-market
“Global Low Smoke Halogen Free Flame Retardant Polypropylene Market 2018-2022”, Technavio, 11 April 2016 http://beforeitsnews.com/…logen-free-flame-retardant-polypropylene-market-to-set-phenomenal-growth-from-2018-to-2022-3487818.html