NON-HALOGENATED FLAME RETARDANT MARKET ANALYSIS

Global Non-Halogenated Flame Retardant Market was valued at US$ 3.9 Mn in 2022, and is expected to exhibit a CAGR of 8.15 % over the forecast period (2023-2030) and is expected to reach US$ 7.3 Mn by 2030. The growing construction industry is a major driving factor fueling the market growth of non-halogenated flame retardants. Furthermore, increasing usage of plastic in the automotive industry is expected to augment the market growth of non-halogenated flame retardants.

Global Non-Halogenated Flame Retardant Market - Impact of Coronavirus (COVID-19) Pandemic

The recent coronavirus outbreak negatively affected the market for non-halogenated flame retardant. The severe disruptions in various manufacturing and supply-chain operations caused by various precautionary lockdowns imposed by governments to combat disease spread result in massive financial losses for the market. As a result of the COVID-19 pandemic, the production of electronics parts has been halted due to a logistical bottleneck and a global shortage of manpower. On the other hand, non-essential items (including most electronics products) are no longer being delivered by numerous e-commerce sites around the world, which is harming the electronics industry. This will have a significant impact on the market for non-halogenated flame retardant in the electronics sector, which is the largest market for non-halogenated flame retardant. Additionally, the usage of non-halogenated flame retardant are used in the construction industry, however the shutdown of   construction projects is limiting the market growth during the pandemics. Over the forecast period, the described factors will have a negative impact on the market's revenue growth path.

On the positive side, as COVID-19 cases decline, the market is expected to revive as individual regulatory bodies begin to relax these enforced lockdowns. The operations that have been halted and canceled will continue, and as a result, it is anticipated that the market will grow. As a result, the market will recover and grow, following COVID-19.

Global Non-Halogenated Flame Retardant Market: Growth Drivers

Growing construction industry

The growing construction industry is a major driving factor fueling the market growth of non-halogenated flame retardants. Rising usage of the plastic industry as they are the ideal alternative of metal and also saves energy is propelling the demand for plastic in construction industry. The non-halogenated flame is widely used in the production of polymers. According to the Coherent Market Insights analysis, the use of plastic building and construction materials saved 467.2 trillion BTUs of energy over alternative construction materials.

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Increasing usage of plastic in the automotive industry

Increasing usage of plastic in the automotive industry is expected to augment the market growth of non-halogenated flame retardants. Plastic has excellent properties such as corrosion resistance, durability, flexibility and also reduce the overall weight of the automobile making it fuel-efficient. Hence, the growing adoption of plastic in automobiles will favor the market growth of non-halogenated flame retardants over the forecast period.

Global Non-Halogenated Flame Retardant Market: Market Restraints

Volatility in demand and supply of raw materials

Volatility in demand and supply of raw materials used in the production of non-halogenated flame retardant is expected to hamper the market growth over the forecast period. A concern associated with the melamine based flame retardants such as feeding and dosing is expected to hinder the market growth of non-halogenated flame retardants. Hence, the aforementioned factors are expected to negatively impact the market growth to some extent in the future.

Global Non-Halogenated Flame Retardant Market: Market Segmentation

On the basis of end user industry, in 2022, construction industry accounted the largest market share of 31% in terms of revenue, followed by electrical & electronics and automobile & transportation, respectively. Non-halogenated flame retardants are widely used in the building products and materials owing to it offers protection from fires. In addition, these non-halogenated retardant is referred as additive which enhance fire and combustion resistance.

Moreover, the flame retardants are widely used in structural insulation in buildings. Thus, this retardant can be applied to building materials, which offer prevention form spread of fire. Owing to these factors, there is increase in demand for non-halogenated flame retardant in construction industry. Moreover, the flame retardants are widely used in structural insulation in buildings.

Figure 2. Global Non-Halogenated Flame Retardant Market, By Region, 2022

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Global Non-Halogenated Flame Retardant Market: Regional Analysis

On basis of the region, Europe region dominated the global evaporation material market, in 2022, accounting for 37% share in terms of volume, followed by North America and Asia Pacific respectively. The increasing usage of non-halogenated flame retardant in electrical and electronics industry in the Europe is driving the market growth. Moreover, non-halogenated flame retardant are widely used in the automotive industry which offers protection from fire. Additionally, the growth of automotive industry in Germany is expected to propel demand for non-halogenated flame retardant during the forecast period.

With around 25% of all passenger vehicles produced and about 20% of all new registrations, Germany is Europe's largest automotive market in terms of sales and production. Aside from that, Germany has Europe's highest concentration of OEM factories. Germany presently has 44 OEM locations there. In the EU, Germany's OEM market share exceeded 55% in 2021.

On the other hand, rising demand for non-halogenated flame retardant from several industries including construction, electrical & electronics, automotive & transportation, and others in North America is bolstering the market growth.

Global Non-Halogenated Flame Retardant Market: Recent Developments

• In December 2021, Clariant International Limited, an innovative and sustainable specialty chemical company, declared the construction of first production facility regarding flame retardants in China. Moreover Clariant International Limited offered sustainable and innovative flame retardants in Asian markets.
• In November 2021, Huber Engineered Material has signed agreement with RHI Magnestia and formed joint venture between them to develop the non-halogenated flame retardants. Huber Engineered Material As skilled at developing and manufacturing specialized engineered products and agricultural solutions. RHI Magnestia is an international full-service supplier to the paper and pulp industry; the production of pulp and paper necessitates application-specific refractories.
• In July 2022, In order to provide clients a comprehensive solution that will improve the sustainability and performance of certain plastic compounds and comply with strict fire safety regulations, BASF and THOR GmbH have combined their expertise in non-halogenated flame retardant additives. BASF is a European multinational corporation and the world's top producer of chemicals. THOR GmbH is an international manufacturer and provider of specialty biocides marketed under the trade names Microcare, AFLAMMIT flame retardants, and ACTICIDE.

Global Non-Halogenated Flame Retardant Market: Key Companies

Key players operating in the Global Non-Halogenated Flame Retardant market includes Clariant International Limited, Albemarle Corporation, Israel Chemical Limited, Italmatch Chemicals S.p.A, Chemtura Corporation, Nabaltec AG, FRX Polymer Inc, Huber Engineered Material, Amfine Chemical Corporation, and THOR Group Ltd

*Definition: Non-halogenated flame retardants are additives, which lacks halogen and emit less smoke during disposal. Flame-retardant are mainly used across industries which are highly prone to catch fire such as wires and cables, automobiles, circuit boards, electrical and electronic appliances, and textiles. Non-halogenated flame retardants are environmental friendly do not leave a negative impact on environment upon disposal. The market is classified on the basis of product type into metal oxide based, phosphorous based, and nitrogen based. Polyolefin, epoxy resins, UPE, PVC, ETP, rubber, and styrenics are some of the major application areas of non-halogenated flame. Construction, electrical & electronics, and automotive & transportation are some of the major end user of non-halogenated flame retardants.