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Flame Retardant Chemicals Market will be growing at a CAGR of 6.4% during the forecast period To 2025

The latest market report published by Acute Market Reports, Inc. “Flame Retardant Chemicals Market – Growth, Future Prospects, and Competitive Analysis, 2017 – 2025,” the global flame retardant chemicals market is expected to grow at a CAGR of 6.4% over the forecast period from 2017 to 2025

Market Insights

Increasing concerns regarding human health due to the use of toxic halogenated flame retardant chemicals coupled with increasing awareness towards environmental protection has resulted in the ban of several halogen-based flame retardant chemicals. The legislation imposed on the ban of toxic flame retardant chemicals is driving the demand for non-halogenated flame retardant chemicals across the globe. Increasing the use of polymers in several end-use industries such as electrical, automotive, electronics and construction has, in turn, increased the risk of fire mishaps. Thus, increasing the use of flame retardant chemicals for contradicting such mishaps will bring impetus in the overall demand. Also, increasing investments in the automotive and construction industry, especially in the Asia Pacific region coupled with strict regulations regarding fire safety, are anticipated to propel the market growth.

Browse Full Report Originally Published by Acute Market Reports at https://www.acutemarketreports.com/report/flame-retardant-chemicals-market

Also, with the rapid growth of the global population as well as increasing purchasing power in developing economies such as South Korea, India, China, and other ASEAN countries has bolstered the demand for construction and infrastructural projects such as shopping malls, recreational centers, high-rise buildings, and sophisticated healthcare centers. This is leading to high demand for flame retardant chemicals.

Competitive Insights

The global flame retardant chemicals market is witnessing a steady growth owing to increasing demand from automotive and construction industries coupled with the rapid growth of the electronics industry in the developing regions.

Some of the major players operating in the global flame retardant chemicals market include The Dow Chemical Company, Lanxess AG, BASF SE, Albemarle Corporation, Dover Corporation, Clariant Corporation, Akzo Nobel N.V., Nabaltec AG, Broadview Technologies Inc., and ICL Industrial Products among others.

Key Trends