Name: Non-Halogenated Flame Retardant MarketChallenges and Opportunities
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Non-Halogenated Flame Retardant Market, Non-Halogenated Flame Retardant Market Report, Non-Halogenated Flame Retardant Industry Report, Non-Halogenated Flame Retardant Market Size, Non-Halogenated Flame Retardant Market Share, Non-Halogenated Flame Retardant Market Analysis, Non-Halogenated Flame Retardant Market Growth, Non-Halogenated Flame Retardant Market Trends, Non-Halogenated Flame Retardant Market Overview, Non-Halogenated Flame Retardant Market Forecast

Non-Halogenated Flame Retardant Market, By Product Type (Metal Oxide Based (Al (OH3), Mg (OH)2), Phosphorous Based, Nitrogen Based, Others), By End User Industry (Construction, Electrical & Electronics, Automotive & Transportation, Others), By Application (Polyolefin, Epoxy resins, Ultra-high molecular weight polyethylene (UPE), Poly Vinyl Chloride (PVC), ETP, Rubber, Styrenics)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2023

Code : CMI3681

Pages :120

Formats :

Excel and PDF

Industry : Specialty and Fine Chemicals

Market Challenges And Opportunities

Global Non-Halogenated Flame Retardant Market: Market Restraints

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: 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.

Figure 1. Global Non-Halogenated Flame Retardant Market, By Application, in 2022

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.