Flame Retardant Market Forecast and Future Outlook – 2027
The global flame retardant market is expected to rise at a CAGR of 5.9% to reach USD 11,175.9 million by the end of 2027 on account of the increasing fire safety regulations adopted by various end-user industries worldwide. They are chemicals added to flammable materials such as plastic, coatings, textiles, and others to prevent fire incidents. Flame retardants are also added to products such as electric wires, computers, mattresses, foams, automobile parts, and others for protection against fire. A recently published report by Fortune Business Insights, titled, “Flame Retardant Market Size, Share & Industry Analysis, By Chemistry (ATH, Brominated, Antimony Oxides, Chlorinated, Phosphorous Compounds, and Others), By End User (Automotive, Construction, Wire & Cable, Electrical & Electronics, Textile, and Others), and Regional Forecast, 2020-2027,” states that the market value was USD 7,091.2 million in the year 2019 and is expected to rise remarkably in the forecast period set between 2020 to 2027.
Source:
https://www.fortunebusinessinsights.com/flame-retardants-market-102909
The Report Answers the Following Questions:
- What is the competitive landscape of the market?
- How will end-user applications help promote growth?
- What are the key strategies adopted by players in this market?
- What are the significant industry developments in this market?
Segment
Antimony Oxides Segment Earned Highest Share Soon to be Overpowered by ATH Segment
The market was dominated by the antimony oxides segment with a 26.6% flame retardant market share in 2019. However, the ATH or the aluminium trihydrate segment is likely to emerge dominant in the forecast period as it does not emit any toxic smoke while burning and is, therefore, the most widely used component in the field of these retardants today.
