The market size of halogen-free flame retardants is projected to reach USD 6.2 billion by 2025 from USD 4.1 billion in 2020, at a CAGR of 8.60%. stringent regulations against use of toxic halogenated flame retardants is expected to support the growth of the halogen-free flame retardants market. However, high loading level of mineral based flame retardants is restraining the growth of the market. On the other hand, the introduction of more efficient products has created opportunities for manufacturers.
Clariant AG (Switzerland), Lanxess AG (Germany), Israel Chemicals Ltd. (Israel), Nabaltec AG (Germany), and Huber Engineered Materials (US) are the major players in this market.
The major players to strengthen their foothold in the global halogen-free flame retardants market adopted key strategies such as expansions, contracts & agreements, new product launches, and acquisitions. The maximum number of strategic developments undertaken between 2011 and 2016 took place in Europe, followed by North America and Asia-Pacific.
Major players operating in the global halogen-free flame retardants market are Clariant International Ltd. (Switzerland), Lanxess AG (Germany), Israel Chemical Ltd. (Israel), Albemarle Corporation (U.S.), Nabaltech AG (Germany), Chemtura Corporation Ltd. (U.S.), and others.
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Electrical & electronics is estimated to be the largest end-use industry of the halogen-free flame retardants market during the forecast period.
Rising manufacturing of wires & cables and the demand for high-quality consumer electronics will drive the market. Electrical & electronic products generate heat during operations. They often have plastic components, which leads to the possibility of said components heating up enough to pose a fire hazard; hence, halogen-free flame retardants are necessary.
North America is estimated to be the largest market for halogen-free flame retardants during the forecast period.
North America is expected to dominate the halogen-free flame retardants market, followed by Europe. The strict regulations in these regions regarding the use of safer chemicals across all industry products will drive the market for halogen-free flame retardants. The rising demand for safer consumer electronics and strict fire safety regulations for residential & commercial building materials will generate the demand for halogen-free flame retardants. Non-halogenated flame retardants are used in textiles, home furnishings, and furniture to reduce the risk of fire hazard.
Lanxess AG is one of the leading players in the halogen-free flame retardants market, with the highest number of developments between 2011 and 2016. The company has made maximum developments in Europe. With major focus on new product developments, Lanxess AG strategized expanding its product portfolio. In lieu of meeting the global demands, Lanxess AG in September 2013 acquired business operations of ThermoPhos International B.V., which will suffice the demand-supply gap.
Huber Engineered Materials (U.S.) is another major player in the global halogen-free flame retardants market. The company has been focusing on acquisitions and expansion. Huber increased the production capacity by 30% of aluminum trihydrate in its Arkansas plant to meet the global demand of ATH as a halogen-free flame retardant due to its low cost.
Based on application, the market is segmented as polyolefin, epoxy resins, unsaturated polyesters (UPE), poly-vinyl chloride (PVC), engineering thermoplastic (ETP), rubber, styrenics, and others. Based on end-use industry, the market is segmented as electrical & electronics, building & construction, transportation, and others. Based on region, the market is segmented as Asia-Pacific, Western Europe, Central & Eastern Europe, North America, Middle East & Africa, and South America.
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