A study by Global Market Insights estimates growth of PIN flame retardant use by 7% per year to 2024, to reach 3.2 billion Euros. This is expected to be driven by increasing investment in construction combined with more stringent fire safety requirements, increasing use of polymers in automobiles and emphasis on environmental effects and recycling.
Growth is expected in Europe, North America, Asia, Middle East and South America, and particularly in polyolefins for wires and cables, and epoxy resins for quality and industrial applications. A second study by Radiant Insights estimates a somewhat different figure but with a shorter time horizon, suggesting that the global PIN flame retardant market will be 2.3 billion € (2.54 bn US$) by 2020 (7.3% CAGR growth). Drivers of demand identified include increasing use of polymers to replace steel in transports, and low smoke low heat release requirements for building materials, as well as environmental regulations which will favour PIN products.
““Non Halogenated Flame Retardants Market Size By Application (Polyolefns, Epoxy Resin, UPE, PVC, ETP, Rubber, Styrenics), By Product (Aluminum Hydroxide, Phosphorous Based), By End Use (Construction, Electrical, Transportation), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Thailand, Brazil, Saudi Arabia, UAE), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024” https://www.gminsights.com/industry-analysis/non-halogenated-fame-retardants-market-report
“Non Halogenated Flame Retardants Market Size, Industry Report 2020”, Radiant Insights http://www.radiantinsights.com/research/non-halogenated-flame-retardantsmarket