Global Non-Halogenated Flame Retardant Market was valued at US$ 3.9 Mn in 2022 and is estimated to reach US$ 7.3 Mn by 2030, exhibiting a CAGR of 8.15% during the forecast period (2023-2030).
According to Global Non-Halogenated Flame Retardant Market Report, 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) as highlighted in a new report published by Coherent Market Insights.
Flame retardants are additives that are used in polymers in order to enhance their fire resistance and prevent ignition and to slow down fire spread. Flame retardants are basically categorized into halogenated and non-halogenated. Out of which, non-halogenated flame are gaining huge demand. Non-halogenated flame retardant is mainly mixed with production materials in order to suppress flame. Non-halogenated flame retardant lack halogens, enhance efficiency, ensure safety and these additives are also recyclable and release less smoke during disposal. Non-halogenated flame retardants are widely used across rubber, plastics, and textiles products. Out of which, plastic is a major consumer of these additives. They have a less environmental impact and promote sustainability due to their benefits over the halogenated flame.
Drivers
Increasing usage of plastics from electrical & electronics industry
Rising usage of plastics from electrical & electronics industry is expected to propel the market growth of non-halogenated flame retardants. Plastics are widely used across the electronic industry for manufacturing of connectors, switches, electronic housing components, wire & cable, switches, and printed circuit boards. Flame retardant is used in this product to safeguard fire due to overheating. This is expected to accelerate the market growth of non-halogenated flame retardants in the upcoming forecast period.
Market Opportunities
Growing usage of non-halogenated flame in the production of plastic sheet films
Growing usage of non-halogenated flame in the production of plastic sheet films is expected to provide lucrative growth opportunity to the market of non-halogenated flame. All these materials are widely used across transportation, construction, and electrical industries. Hence, the growing demand for polymers will favor market growth over the forecast period. Moreover, growing demand for epoxy resins, which are widely used in paints & coating and adhesives is expected to augment the market growth.
Market Restraints
Drawback of red phosphorus used in the non-halogenated flame retardant
Production of non-halogenated flame retardant involve high loading level such as magnesium hydroxide and the process is also complex. This is expected to hinder the market growth of non-halogenated flame retardant over the forecast timeframe. Moreover, red phosphorus is the most commonly used non-halogenated flame retardants. However, it has the drawback of color impartment to the polymer and this limit its applications, as it can be only used across that, require red or dark colors.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/non-halogenated-flame-retardant-market-3681
Key Takeaways
- On the basis of application, polyolefin dominated the global non-halogenated flame retardants market in 2022 with around 23% of market share in terms of revenue, followed epoxy and rubber, respectively.
- Non-halogenated flame retardants induce flame retardant properties to the various manufactured products, largely polymers and textiles. Flame retardants emit less heat & smoke and are used to control spread the flames to prevent spread of massive fire. Non-Halogenated Flame Retardants finds its application in various end use industries such as automotive, electrical, construction and transportation. The surge in growth of these industries across the globe is expected to fuel the market growth during the forecast period.
Market Trends
Increasing integration of nanotechnology in product development is projected to be a major trend in the market. Now non-halogenated flame retardants can be mixed with nanoclays, which reduce the negative impact on the performance of polymer additives and also, enhance the performance. Also, nanoclays enhance the mechanical properties of non-halogenated flame retardants and polymers. This is expected to fuel market growth.
Competitive Section
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
Global Non-Halogenated Flame Retardant Market- Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 outbreak has severely harmed the entire supply chain and had a significant negative impact on the industries. The emergence of COVID-19 pandemic disrupted the global economy and had numerous consequences on its various sectors such as electrical and electronics industry, transportation industry, medical industry, industrial, defense and security, chemical, residential, commercial, and so on. During the first and second wave of the pandemic, the global Non-Halogenated Flame Retardant market was also affected. Throughout the pandemic, operations have been difficult to maintain due to labor shortages and practical difficulties caused by social distancing and other precautionary measures. Furthermore, the lack of raw materials and interruption in supply chain are major factors, which hampering the market growth.
