Synopsis of Flame Retardants Market:
In terms of volume the Global Flame Retardants Market is estimated to be witnessed a significant growth of million metric tons by 2022 with CAGR of 5.86% between 2016 and 2022.
Flame retardants are chemicals which are added to many materials to increase their fire safety it has reduced the devastating impact of fires on people, property and the environment. They are added to or treat potentially flammable materials, including textiles and plastics.Flame retardants are found in various applications such as plastics, fabrics, cable and wires, polyurethane foam, and others. Increasing in demand for building and construction, electronics and transportation industries will boost the market of flame retardants. Substitutes such as magnesium hydroxide (MDH) for flame retardants might hamper the global flame retardant market.
Increasing in demand of plastic Industry and new regulation to improvement safety towards are the main drivers of flame retardants market. In addition, Flame retardants has a toxicity issue at the time of flame retardant production process which could affect the market near future.
The global flame retardants market is majorly segmented on the basis of types, application, end users and region. Based on types of flame retardants market is segmented into brominated, phosphorus, nitrogen, chlorinated, metal hydrate and others. Based on application of flame retardants the market is segmented into plastics, fabrics, cable and wires, polyurethane foam, and others. Based on end user the market segmented into transportation, packaging industry, military & aerospace industry, building & construction, electronics, and others.
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Key players of the global flame retardants market are BASF SE (Germany), Albemarle Corporation (US), Chemtura Corporation (US), The Dow Chemical Co (US), Clariant International Ag (Switzerland), Akzo Nobel NV (Netherlands), China Antimony Chemicals Co. Ltd (China) and others.
Study Objectives of Flame Retardants Market:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the global flame retardants Market
- To understand the supply and demand dynamics including supply and consumption concentration mapping
- To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
- To provide competitor positioning of the market
- To provide company profiling of major players in the market along with their production and capacity
- To provide regional trade analysis
- To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market
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The report about Global Flame Retardants Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
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