Transparency Market Research, New York: The global non-halogenated flame retardants market for polymer was valued at ~US$ 2 Bn in 2018 and is anticipated to expand at a CAGR of ~8% from 2019 to 2027. The global non-halogenated flame retardants market for polymer is driven by growth in the building & construction industry. In terms of value, the market in North America is expected to expand at a CAGR of ~8% during the forecast period. In North America, American Chemistry Council’s North American Flame Retardant Alliance (NAFRA) is an organization that supports producers, suppliers, and companies.
Request for Covid-19 Impact Analysis on Non Halogenated Flame Retardants Market for Polymers: https://www.transparencymarketresearch.com/Covid19.php
Key Drivers of Non-halogenated Flame Retardants Market for Polymers
Halogenated retardants are considered toxic. Owing to such reasons, several end-use industries are now shifting to the use of non-halogenated flame retardants. Flame retardants are popularly used as additives in polymers in order to increase the fire resistance during fire accidents or in case of ignition. The drive by fire safety regulations regarding risk of fire hazards in various end-use industries, including construction and electrical are also considered as one of another key growth factor for the global demand for non-halogenated flame retardants. Moreover, increasing polymer usage in multiple industries is also leading to high demand for flame retardant polymers.
Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php
Electrical Applications to Offer Lucrative Opportunities
Worldwide, the construction industry widely utilizes the non-halogenated flame retardants for paints, coatings, building materials, wires, and cable applications. The construction industry collectively accounted for ~46% market share in 2018. Similarly, the electrical industry is growing at a CAGR of ~8% for the period from 2019 to 2027 and is expected to be the upcoming fastest growing end-use industry due to the widespread use of non-halogenated flame retardants in electrical equipment. Engineering Thermoplastic (ETP) retardant demand is expected to surge due to its estimated growth rate of 8% CAGR from 2019 to 2027, whereas, Polyolefins accounted for 26% share of the market in 2018 and is likely to grow at a moderate rate over the forecast period.
Safety Concerns in Terms of Usage to Hamper Market
Concerns related to the safe usage of non-halogenated flame retardants materials in plastics, toxicity; and environmental compatibility are hampering the non-halogenated flame retardants market for polymer. Furthermore, certain issues in functional properties like loading levels and setbacks in cognitive operations of non-halogenated flame retardants are growth restraining factors expected to hinder the market growth in the coming years.
View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/1273
Growth Opportunities in Asia Pacific
Based on region, the global non-halogenated flame retardants market for polymer has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for ~42% of the global non-halogenated flame retardants market in 2018. The building & construction industry held the prominent share of the market in North America. This region was then followed by Europe and Asia Pacific which together accounted for ~56% market share. In terms of production, Asia Pacific holds major share of the global non-halogenated flame retardants market for polymer, as key producing countries such as China, India and Japan, are based in the region. Presence of rapidly expanding economies, such as India and China, is estimated to create lucrative opportunities for the non-halogenated flame retardants market for polymer in Asia Pacific in the near future.
Purchase Premium Research Report on Non Halogenated Flame Retardants Market for Polymers @ https://www.transparencymarketresearch.com/checkout.php
Key Players in Global Market
The leading players in the non-halogenated flame retardants market for polymers are Albemarle, Israel Chemicals Limited (ICL), Nabaltec AG, Italmatch, and Clariant. These companies accounted for more than 40% of the market share. Albemarle being the leading player in the market is engaged in manufacturing of aluminum hydroxide and magnesium hydroxide under the brand name Martinal and Magnifin respectively. In December 2018, LANXESS invested US$ 223 Mn for expanding its flame retardants additives business. The company significantly strengthened its market position after acquiring Chemtura, a U.S.-based company, in 2017. The company’s brominated flame retardant additives and bromine derivatives have been integrated into Lanxess’ business with phosphorus-based flame retardant additives. Owing to increasing environmental concerns, and technological developments in non-halogenated flame retardants, a number of companies are entering the non-halogenated flame retardant market.
Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm
Global Non-halogenated Flame Retardants Market for Polymers: Research Scope
Non-halogenated Flame Retardants Market for Polymers, by Product
- Aluminum Hydroxide
- Phosphorous
- Others (including Nitrogen – based Flame Retardants, and Magnesium Hydroxide)
Non-halogenated Flame Retardants Market for Polymers, by End-use Industry
- Electrical
- Construction
- Transportation
- Others (including Textile and Furniture)
Non-halogenated Flame Retardants Market for Polymers, by Application
- Polyolefin
- Epoxy Resin
- Unsaturated Polyesters
- PVC
- Engineering Thermoplastics (ETP)
- Rubber
- Styrenics
- Others (including Polyurethane, Synthetic Fibers)
Non-halogenated Flame Retardants Market for Polymers, by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm
Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry,
UV Stabilizers Market – The global UV stabilizers market is likely to grow in the near future owing to the increasing demand for packaging materials and automotive coating. UV stabilizers are primarily used with UV absorbers and HALS in the industries. The properties of UV stabilizers such as low-cost, high processing ability, low volatility, and weather resistance are propelling their industrial application.
Bio-based Chemicals Market – The bio-based chemicals market can be classified based on product and application. In terms of product, the bio-based chemicals market can be bifurcated into bioplastics, and biofuels. The bioplastics segment can be further sub-segmented into biodegradable bioplastics such as regenerated cellulose, bio-degradable polyesters, and non-biodegradable bioplastics such as Bio-PET and Bio-PE. Plastics are made from petrochemicals. Increase in focus on the usage of renewable resources is driving the demand for bioplastics.
District Heating Market – The global district heating market can be segmented based on heat source, application, plant type, and region. In terms of heat source, the district heating market can be classified into natural gas, renewable energy, coal, oil & petroleum products, and others. Based on application, the global district cooling market can be divided into residential, industrial, and commercial. In terms of plant type, the district heating market can be bifurcated into boilers and combined heat and power (CHP).
Soil Conditioners Market – According to the United Nations’ projections, the global population is estimated to reach 8.5 billion by 2030, which is estimated to further exceed 9.1 Bn by 2050. Growth in population and dearth of arable land is likely to boost the demand for rich agricultural yields in the near future. This, in turn, is projected to create opportunities in the soil conditioners market by 2026. Increasing demand for soil with high nutritive content is raising awareness about soil management practices. However, the soil conditioners market is likely to face some challenges during the forecast period.
Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/non-halogenated-flame-retardants.htm
Website: http://www.transparencymarketresearch.com