Report Code: CMI48049

Published Date: May 2024

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 6.4%
9.2B
2023
9.7B
2024
15.6B
2033

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Akzo Nobel N.V.
  • ICL Group Ltd.
  • Nabaltec AG
  • Italmatch Chemicals S.p.A.
  • Nippon Carbide Industries Co. Inc.
  • Others

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Reports Description

Global Flame Retardant Chemicals Market was valued at USD 9.7 Billion in 2024 and is expected to reach USD 15.6 Billion by 2033, at a CAGR of 6.4% during the forecast period 2024 – 2033.

Chemicals applied to materials or goods to prevent or delay the ignition, combustion, or spread of flames are known as flame retardant chemicals. To increase fire safety and lower the possibility of fire-related damage or casualties, they are frequently employed in textiles, plastics, foams, and other materials.

Flame Retardant Chemicals  Market: Growth Factors

Increasing regulations regarding fire & safety

The market for flame retardant chemicals has grown significantly as a result of more laws about safety and fire restrictions. Global governments are enforcing stricter laws to reduce fire dangers and safeguard public safety, forcing industry to use flame retardant products to meet these requirements.

Chemicals that are flame retardants are essential for improving the fire resistance of a variety of materials, such as fabrics, plastics, electronics, and building supplies. To prevent the production of harmful gases and smoke in the case of a fire, slow the spread of the flame, and lower the danger of ignition, these laws require the use of flame retardants in materials and goods.

Flame retardant chemicals are in high demand across a wide range of industries as a result of the growing emphasis on fire safety. Furthermore, the driving demand for flame retardant solutions has been customers’ increased knowledge of fire safety and the possible dangers connected with non-compliant items.

As businesses emphasize the adoption of fire-resistant materials to assure compliance and minimize fire-related hazards, the market for flame retardant chemicals has been developing due in part to the increasing regulatory pressure and increased awareness of fire safety.

Increasing demand from the building and construction sector

The market for flame retardant chemicals is significantly driven by the expanding demand from the building and construction industry. Materials that can stop or delay the spread of fire are becoming more and more necessary as building fire safety rules become more stringent.

Chemicals that are flame retardants are necessary additions to a variety of building supplies, including wiring, coatings, roofing, and insulation. By inhibiting the combustion process or postponing ignition, these substances lower the likelihood of fire-related events. Globally, there is a growing need for flame-retardant chemicals due to the burgeoning construction sector and the expansion in urbanization and infrastructure development.

Furthermore, the increased emphasis on employing flame retardant materials as governments and consumers are conscious of fire safety regulations is fuelling the demand for these chemicals in the construction sector. For instance, the Minister of Housing & Urban Affairs said that India’s rapidly expanding construction industry is poised to become the third-biggest globally by 2025. There are forward and backward links between the construction industry and 250 different economic sectors, making it the second largest employer in the nation.

Flame Retardant Chemicals  Market: Restraints

Concern about harmful chemical

The market for flame retardant chemicals has been greatly influenced by growing worries about the effects that dangerous chemicals may have on human health and the environment. The need for safer and more ecologically friendly flame-retardant substitutes is rising among both consumers and regulatory agencies.

Chemicals that are persistent in the environment and may have negative health impacts on humans, including poisoning and metabolism, have drawn attention to them, such as halogenated flame retardants. Because they provide equivalent fire protection without hazards to the ecosystem and human health, non-halogenated or naturally flame-retardant materials are becoming increasingly popular.

To innovate and deliver revolutionary flame-retardant solutions that satisfy strict safety and regulatory criteria while minimizing their ecological imprint, manufacturers are investing in research and development. This change in direction towards greener and safer alternatives reflects the evolving priorities of both consumers and regulatory authorities, driving the transformation of the flame-retardant chemicals market.

Global Flame Retardant Chemicals Market 2024–2033 (By Product Type)

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Flame Retardant Chemicals  Market: Opportunities

Increasing number of electrical products

The expanding use of electrical items in modern life has increased the need for flame retardant chemicals. As the number of electronic gadgets increases, so does the potential of electrical fires, demanding strict safety precautions.

Flame retardant chemicals are critical components in electronic equipment because they prevent or slow the spread of fire, reducing damage and averting catastrophic incidents. Electrical device manufacturers prioritize the use of flame retardants to meet safety rules and safeguard consumers.

Furthermore, technical improvements and customer desires for smaller, stronger gadgets increase the demand for effective flame-retardant solutions. As a result, the growing popularity of the electrical products market closely corresponds with the expansion of the flame-retardant chemicals sector, encouraging the advancement of safer and more sustainable fire protection solutions.

According to the India Cellular and Electronics Association (ICEA), total electronic product output for the fiscal year 2023-24 is predicted to exceed USD 115 billion, with mobile phones accounting for more than $50 billion in the current fiscal year.

In the goal of developing a semiconductor ecosystem, the government won an achievement with a USD 2.75 billion initiative by Micron to create an assembly and testing factory for memory chip modules, which received 70% government funding.

Global Flame Retardant Chemicals Market 2024–2033 (By End User)

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Flame Retardant Chemicals  Market: Segmentation Analysis

Global Flame Retardant Chemicals market is segmented by product type, application, end user and region.  Based on product type, the market is classified into halogenated chemicals and non-halogenated chemicals. Halogenated chemicals dominated the market in 2023 with a market share of 59.7% and are expected to keep their dominance during the forecast period 2024-2033.

Steel dominates the Flame Retardant Chemicals market because of its inherent qualities, which make it ideal for this application. Flame Retardant Chemicals are employed in the water and wastewater industries to connect existing pipes while maintaining service.

Steel has high strength, durability, and corrosion resistance, making it perfect for handling the extreme conditions found in subterranean infrastructure. Additionally, steel Flame Retardant Chemicals create a solid and waterproof connection, assuring durability over time. Steel’s adaptability enables customisation to accept a wide range of pipe materials, sizes, and operating pressures.

In addition, advances in steel fabrication processes have resulted in the creation of new tapping sleeve designs that improve installation efficiency while reducing the need for upkeep. Steel is widely used due to its exceptional characteristics and versatility.

Based on application, the market is classified into polyolefins, epoxy resins, polyvinyl chloride, polyurethane, polystyrene and others. Polyolefins dominated the market in 2023 with a market share of 31.5% and are expected to keep their dominance during the forecast period 2024-2033.

Polyolefins, a thermoplastic polymer that includes polyethylene and polypropylene, are widely utilized in sectors ranging from construction to automotive owing to their outstanding qualities such as lightweight, durability, and chemical resistance.

However, their flammability raises serious safety concerns. To solve this issue, flame retardant chemicals are introduced into polyolefins during production. This is driving the flame retardant chemicals market as polyolefin demand rises.

Flame retardants prevent or delay combustion, lowering the danger of fire and restricting its spread. They function by preventing the chemical processes that occur during combustion. As worldwide fire safety standards tighten, demand for flame retardant polyolefins rises, boosting the flame retardant chemical market.

Based on application, the market is classified into construction, transportation, electrical & electronics and others. Electrical & Electronics dominated the market in 2023 with a market share of 42.8% and is expected to keep its dominance during the forecast period 2024-2033.

Electrical and electronics industries are significant drivers of the flame retardant chemicals market owing to strict safety regulations and a rising need for fire-resistant materials in electronics. Flame retardant chemicals are important components in electronic equipment because they prevent the spread of flames caused by electrical shorts or overheating.

These chemicals are added to plastics, circuit boards, and wires to improve fire safety and prevent catastrophic accidents. Furthermore, the widespread use of electronic equipment in a variety of applications, including electrical appliances, automobile electronics, and telecommunications, drives up demand for flame retardant chemicals.

As technology progresses and devices get more compact and powerful, the requirement for efficient flame retardant solutions becomes increasingly vital, fuelling constant innovation and expansion in the flame retardant chemicals industry.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 9.7 Billion
Projected Market Size in 2033 USD 15.6 Billion
Market Size in 2023 USD 9.2 Billion
CAGR Growth Rate 6.4% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Product Type, Application, End User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Flame Retardant Chemicals  Market: Regional Analysis

By region, Flame Retardant Chemicals  market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Flame Retardant Chemicals market in 2023 with a market share of 40.6% and is expected to keep its dominance during the forecast period 2024-2033.

The rapid urbanization and industrialization in Asia-Pacific countries such as India, China, and Southeast Asian nations have resulted in a growth in demand for flame retardant chemicals in the building, electronics, and automotive industries to fulfil severe safety laws.

Furthermore, these nations’ growing populations and rising disposable income levels have spurred demand for consumer electronics and appliances, hence expanding the flame retardant industry. Furthermore, government activities encouraging fire safety and limits on pollution have accelerated the use of flame retardant chemicals in a variety of sectors.

In addition, the Asia-Pacific area benefits from a strong manufacturing base, technical breakthroughs, and a competent workforce, enabling the manufacture of high-quality flame retardant chemicals at competitive rates, which drives regional market expansion.

Global Flame Retardant Chemicals Market 2024–2033 (By Billion)

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Flame Retardant Chemicals  Market: Recent Developments

  • In September 2022, LANXESS introduced the Emerald Innovation NH 500, a non-halogen flame retardant. The phosphorus-based compound has been developed for usage in glass fiber-reinforced polymers used to make electronic and electrical (E&E) devices.
  • In March 2020, AkzoNobel introduced a new fire prevention system for timber facades. It provides great fire resistance, long-term attractiveness, and significant increases in manufacturing efficiency.
  • In July 2022, BASF collaborated with THOR GmbH to supply clients with an extensive solution that would improve the long-term viability and effectiveness of certain plastic compounds while also meeting high fire safety standards.

List of the prominent players in the Flame Retardant Chemicals Market:

  • Akzo Nobel N.V.
  • ICL Group Ltd.
  • Nabaltec AG
  • Italmatch Chemicals S.p.A.
  • Nippon Carbide Industries Co. Inc.
  • Israel Chemicals Ltd.
  • M. Huber Corporation
  • RTP Company
  • Budenheim Iberica SLU
  • Thor Group Limited
  • PCC SE
  • Clariant AG
  • LANXESS AG
  • Albemarle Corporation
  • Dow Inc.
  • BASF SE
  • Momentive Performance Materials Inc.
  • DIC Corporation
  • Zhejiang Wansheng Co. Ltd.
  • Shandong Brother Sci.&Tech. Co. Ltd.
  • Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Flame Retardant Chemicals Market is segmented as follows:

By Product Type

  • Halogenated Chemicals
  • Non-Halogenated Chemicals

By Application

  • Polyolefins
  • Epoxy Resins
  • Polyvinyl Chloride
  • Polyurethane
  • Polystyrene
  • Others

By End User

  • Construction
  • Transportation
  • Electrical & Electronics
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Flame Retardant Chemicals Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Flame Retardant Chemicals Market: Snapshot
  • Chapter 3. Global Flame Retardant Chemicals Market – Industry Analysis
    • 3.1 Flame Retardant Chemicals Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing regulations regarding fire & safety
      • 3.2.2 Increasing demand from Building and construction sector
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Product Type
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By End User
  • Chapter 4. Global Flame Retardant Chemicals Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Flame Retardant Chemicals Market: company market share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Flame Retardant Chemicals Market – Product Type Analysis
    • 5.1 Global Flame Retardant Chemicals Market Overview: By Product Type
      • 5.1.1 Global Flame Retardant Chemicals Market Share, By Product Type, 2023 and 2033
    • 5.2 Halogenated Chemicals
      • 5.2.1 Global Flame Retardant Chemicals Market by Halogenated Chemicals, 2024 – 2033 (USD Billion)
    • 5.3 Non-Halogenated Chemicals
      • 5.3.1 Global Flame Retardant Chemicals Market by Non-Halogenated Chemicals, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Flame Retardant Chemicals Market – Application Analysis
    • 6.1 Global Flame Retardant Chemicals Market Overview: By Application
      • 6.1.1 Global Flame Retardant Chemicals Market Share, By Application, 2023 and 2033
    • 6.2 Polyolefins
      • 6.2.1 Global Flame Retardant Chemicals Market by Polyolefins, 2024 – 2033 (USD Billion)
    • 6.3 Epoxy Resins
      • 6.3.1 Global Flame Retardant Chemicals Market by Epoxy Resins, 2024 – 2033 (USD Billion)
    • 6.4 Polyvinyl Chloride
      • 6.4.1 Global Flame Retardant Chemicals Market by Polyvinyl Chloride, 2024 – 2033 (USD Billion)
    • 6.5 Polyurethane
      • 6.5.1 Global Flame Retardant Chemicals Market by Polyurethane, 2024 – 2033 (USD Billion)
    • 6.6 Polystyrene
      • 6.6.1 Global Flame Retardant Chemicals Market by Polystyrene, 2024 – 2033 (USD Billion)
    • 6.7 Others
      • 6.7.1 Global Flame Retardant Chemicals Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Flame Retardant Chemicals Market – End User Analysis
    • 7.1 Global Flame Retardant Chemicals Market Overview: By End User
      • 7.1.1 Global Flame Retardant Chemicals Market Share, By End User, 2023 and 2033
    • 7.2 Construction
      • 7.2.1 Global Flame Retardant Chemicals Market by Construction, 2024 – 2033 (USD Billion)
    • 7.3 Transportation
      • 7.3.1 Global Flame Retardant Chemicals Market by Transportation, 2024 – 2033 (USD Billion)
    • 7.4 Electrical & Electronics
      • 7.4.1 Global Flame Retardant Chemicals Market by Electrical & Electronics, 2024 – 2033 (USD Billion)
    • 7.5 Others
      • 7.5.1 Global Flame Retardant Chemicals Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 8. Flame Retardant Chemicals Market – Regional Analysis
    • 8.1 Global Flame Retardant Chemicals Market Regional Overview
    • 8.2 Global Flame Retardant Chemicals Market Share, by Region, 2023 & 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Flame Retardant Chemicals Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Flame Retardant Chemicals Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Flame Retardant Chemicals Market, by Product Type, 2024 – 2033
      • 8.4.1 North America Flame Retardant Chemicals Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Flame Retardant Chemicals Market, by Application, 2024 – 2033
      • 8.5.1 North America Flame Retardant Chemicals Market, by Application, 2024 – 2033 (USD Billion)
    • 8.6 North America Flame Retardant Chemicals Market, by End User, 2024 – 2033
      • 8.6.1 North America Flame Retardant Chemicals Market, by End User, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Flame Retardant Chemicals Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Flame Retardant Chemicals Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Flame Retardant Chemicals Market, by Product Type, 2024 – 2033
      • 8.8.1 Europe Flame Retardant Chemicals Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Flame Retardant Chemicals Market, by Application, 2024 – 2033
      • 8.9.1 Europe Flame Retardant Chemicals Market, by Application, 2024 – 2033 (USD Billion)
    • 8.10 Europe Flame Retardant Chemicals Market, by End User, 2024 – 2033
      • 8.10.1 Europe Flame Retardant Chemicals Market, by End User, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Flame Retardant Chemicals Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Flame Retardant Chemicals Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Flame Retardant Chemicals Market, by Product Type, 2024 – 2033
      • 8.12.1 Asia Pacific Flame Retardant Chemicals Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Flame Retardant Chemicals Market, by Application, 2024 – 2033
      • 8.13.1 Asia Pacific Flame Retardant Chemicals Market, by Application, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Flame Retardant Chemicals Market, by End User, 2024 – 2033
      • 8.14.1 Asia Pacific Flame Retardant Chemicals Market, by End User, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Flame Retardant Chemicals Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Flame Retardant Chemicals Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Flame Retardant Chemicals Market, by Product Type, 2024 – 2033
      • 8.16.1 Latin America Flame Retardant Chemicals Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Flame Retardant Chemicals Market, by Application, 2024 – 2033
      • 8.17.1 Latin America Flame Retardant Chemicals Market, by Application, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Flame Retardant Chemicals Market, by End User, 2024 – 2033
      • 8.18.1 Latin America Flame Retardant Chemicals Market, by End User, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Flame Retardant Chemicals Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Flame Retardant Chemicals Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Flame Retardant Chemicals Market, by Product Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Flame Retardant Chemicals Market, by Product Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Flame Retardant Chemicals Market, by Application, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Flame Retardant Chemicals Market, by Application, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Flame Retardant Chemicals Market, by End User, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Flame Retardant Chemicals Market, by End User, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Akzo Nobel N.V.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 ICL Group Ltd.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Nabaltec AG
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Italmatch Chemicals S.p.A.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Nippon Carbide Industries Co. Inc.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Israel Chemicals Ltd.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 J.M. Huber Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 RTP Company
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Budenheim Iberica SLU
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Thor Group Limited
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 PCC SE
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Clariant AG
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 LANXESS AG
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Albemarle Corporation
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Dow Inc.
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 BASF SE
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Momentive Performance Materials Inc.
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 DIC Corporation
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Zhejiang Wansheng Co. Ltd.
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Shandong Brother Sci.&Tech. Co. Ltd.
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 28

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Akzo Nobel N.V.
  • ICL Group Ltd.
  • Nabaltec AG
  • Italmatch Chemicals S.p.A.
  • Nippon Carbide Industries Co. Inc.
  • Israel Chemicals Ltd.
  • M. Huber Corporation
  • RTP Company
  • Budenheim Iberica SLU
  • Thor Group Limited
  • PCC SE
  • Clariant AG
  • LANXESS AG
  • Albemarle Corporation
  • Dow Inc.
  • BASF SE
  • Momentive Performance Materials Inc.
  • DIC Corporation
  • Zhejiang Wansheng Co. Ltd.
  • Shandong Brother Sci.&Tech. Co. Ltd.
  • Others

FAQs

The major driver for the Flame Retardant Chemicals market is increasing regulations regarding fire & safety and increasing demand from building and construction sector.

The “Polyolefins” had the largest share in the global market for Flame Retardant Chemicals.

The “Halogenated Chemicals” category dominated the market in 2023.

The key players in the market are Akzo Nobel N.V., ICL Group Ltd., Nabaltec AG, Italmatch Chemicals S.p.A., Nippon Carbide Industries Co. Inc., Israel Chemicals Ltd., J.M. Huber Corporation, RTP Company, Budenheim Iberica SLU, Thor Group Limited, PCC SE, Clariant AG, LANXESS AG, Albemarle Corporation, Dow Inc., BASF SE, Momentive Performance Materials Inc., DIC Corporation, Zhejiang Wansheng Co. Ltd., Shandong Brother Sci.&Tech. Co. Ltd., Others.

“Asia-Pacific” had the largest share in the Flame Retardant Chemicals Market.

The global market is projected to grow at a CAGR of 6.4% during the forecast period, 2024-2033.

The Flame Retardant Chemicals Market size was valued at USD 9.7 Billion in 2024.

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