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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 Chi...

Global Flame Retardant Chemicals Demand to Reach 3.8 Million Metric Tons by 2026 - Market Research Report (2019-2026) by Industry Experts, Inc.

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Industry Experts, Inc. published the global market research report on Flame Retardant Chemicals. The new report entitled " Flame Retardant Chemicals – A Global Market Overview " reveals that the Epoxy Resins and Polyolefins are the largest and the fastest growing applications of Flame Retardant Chemicals globally during the analysis period 2019-2026. Epoxy resins and polyolefins form the two largest applications for flame retardant chemicals, and they will retain their leadership position over the analysis period with epoxy resins recording the fastest growth. While the global building & construction industry accounts for the largest share of flame retardants demand, the electrical & electronics sector, particularly in Asia, will emerge as the fastest growing. Asia-Pacific will retain its dominant position as the largest, as also the fastest growing, market for flame retardant chemicals. Bio-based and plant-based flame retardants are other areas where extensive res...