Rise in Demand in Building & Construction Industry Anticipated to Drive Global Halogen-Free Flame Retardants Market: Ken Research
Halogen-free flame retardant is a viable alternative for halogenated flame retardants, which exhibit superb flame-retardant characteristics. It is mixed with the different end-use materials for instance plastic, textiles, paints and coatings to make the products flame resistant. In the case of fire, it releases smoke & toxic fire gases such as polychlorinated dibenzofurans (PCDF) or polybrominated or polychlorinated dibenzodioxins (PCDD) that decreases visibility and the releases toxins bioaccumulate and are non-biodegradable.
According to study, “Global Halogen-Free Flame Retardants Market: Information by Type (Aluminum Trihydrate, Phosphorous-Based), Resin Type (Polyethylene, Polypropylene, Epoxy), End-Use Industry (Building & Construction, Electrical & Electronics), and Region-Forecast till 2023” the key companies operating in the global halogen-free flame retardants market are LANXESS, ICL, BASF SE, Nabaltec AG, Celanese Corporation, Greenchemicals SpA, Chemtura Corporation Limited, RTP Company, Akzo Nobel, Daihachi Chemical Industry Co. Ltd., Albemarle Corporation, Dic Corporation, Delamin Limited, Dover Chemical Corp., DSM N.V., DowDuPont, Apexical Inc., Bayer AG, Amfine Chemical Corporation, Kisuma Chemicals, J.M. Huber Corporation, Clariant AG.
Based on type, halogen-free flame retardants market is segmented into minerals (Magnesium Hydroxide (MDH), Alumina Trihydrate (ATH) and Calcium Carbonate), phosphorous based (organic & inorganic), nano-composites (Zinc Borate & Intumescent) and nitrogen (melamine) and others (nitrogen, magnesium hydroxide, zinc, borates). Aluminum trihydrate segment dominates the market owing to the lower cost of the product as compared to other halogen-free flame retardants. Based on resin type, market is segmented into polyethylene, unsaturated polyesters (UPE), polypropylene, engineered thermoplastics (ETP), epoxy, polyvinyl chloride (PVC), rubber, styrenics and others. Polyethylene segment holds largest share due to the large-scale applications of the MDPE, LDPE, and HDPE across various end-use industries. Based on application, market is segmented into carpet backing, adhesives & sealants, wire & cable compounds, plastics & composites, resin potting compounds, profile of trims, pipes, cable trays, doors & windows, skirting boards, decking, railings, facade decoration, roofing shingles & fencing, textiles and others. In addition, based on end-use industry, market is segmented into building & construction, transportation, electrical & electronics, consumer goods and others. The building & construction segment is predicted to witness high growth rate as a result of wide use of polymers in the form of composites, foams, plastics, textiles, and paints & coatings during the forecast period.
The halogen-free flame retardants market is driven by increase in demand in the building & construction industry, followed by stringent regulations against the use of halogenated flame retardants and growth in demand in the electrical & electronics industry. However, high loading levels of halogen-free flame retardants may impact the market. Moreover, rise in development more effective synergist compounds and emerging innovation in technology are key opportunity for market.
Based on geography, the Asian-Pacific region dominates the halogen-free flame retardants market owing to growth in endues industries in the region. The Asian-Pacific and European regions are expected to witless substantial growth rate due to rise in awareness of the need for environmental protection and growth in concerns regarding human health over the forecast period. It is estimated that future of the market will be bright on account of increase in adoption of environment friendly flame retardants caused by the regulations posed by the authorities during the forecast period.
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Ankur Gupta, Head Marketing & Communications