Stringent Fire Safety Regulations Propelling Demand for Flame Retardant Chemicals to Reach $14.4 billion by 2030

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Industry Experts, Inc., has introduced the latest version of its report on Flame Retardant Chemicals Market. The global demand for Flame Retardant Chemicals is estimated at US$9.7 billion in 2024 and projected to reach US$14.4 billion by 2030 at a 2024-2030 CAGR of 6.8%, the report reveals.

Some of the factors instrumental in driving demand for Flame Retardant Chemicals include stringent fire safety standards mandated by governments across various sectors, greater consumer awareness about the potential risks and harmful consequences of fires, globalization & international trade, rapid urbanization in emerging economies and the vast number of end-use sectors where these compounds are widely used.

With an estimated share of 42.6% in 2024, Asia-Pacific is the largest global market for Flame Retardant Chemicals, which is also anticipated to clock the fastest 2024-2030 CAGR of 9.2%. The region has emerged as an industrial and manufacturing hub, with countries, such as China, Japan, South Korea and India maintaining strong presence in electronics, automotive and construction. All of this requires large volumes of flame retardant chemicals to make plastics and other materials resistant to fires before being used in cables, appliances and buildings. Rapid infrastructure development in China, India and Southeast Asia is further propelling demand for flame-retardant products, such as cables, insulation and coatings. Asia-Pacific has grown to become the epicenter of consumer electronics (e.g., smartphones & 5G devices) and electric vehicle (EV) production, stimulating demand for flame retardants in engineering plastics and epoxy resins. Another factor is the lower cost of producing flame retardant chemicals in the region, enabling both halogenated and non-halogenated compounds to be manufactured in large volumes.

The report studies the Flame-Retardant Chemicals market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

The market for types of Flame Retardant Chemicals analyzed in this report includes Halogenated Flame Retardants (comprising Brominated Flame Retardants & Chlorinated Flame Retardants) and Non- Halogenated Flame Retardants (comprising Inorganic Flame Retardants, Intumescent Flame Retardants, Nitrogen-Based Flame Retardants & Phosphorous-Based Flame Retardants). The study also examines the market for Flame Retardant Chemicals by grade, comprising Industrial Grade and Technical Grade. The applications where Flame Retardant Chemicals are used as analyzed in this report include Engineering Plastics, Epoxy Resins, Polyolefins, Polyurethane and Polyvinyl Chloride, among Other Applications (Primarily Polystyrene, Rubber, Styrenics & Unsaturated Polyester Resins). By end-use sector, the analysis covered by this report includes Automotive & Transportation, Building & Construction and Electrical & Electronics, among Other End-Use Sectors (Incl. Textiles & Furniture and Wires & Cables).

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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