Boston, MA -- (SBWIRE) -- 07/28/2012 -- Flame retardants can be defined as additive materials used to inhibit flames and to stop the magnification of burning. These are materials with large non-inflammable effect such as halogen, phosphorus, nitrogen containing compound, and hydroxide metallic compound, etc. At present, flame retardants are mostly applied in plastics and rubber which in turn are used in the manufacturing of building and construction; electrical and electronics; wire and cable; automobile and transportation; textile; etc. These do not impart any property to the material with which they are added. However, these inhibit or delay burning of materials and are indispensable for protecting electrical appliances, construction materials, and textiles. With increasing fire safety standards across the globe and growing use of flammable materials, flame retardant chemicals are gaining more and more importance.
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This study estimates the global market of flame retardant chemicals by the end of 2017. Asia-Pacific is one of the most dominant markets for flame retardant chemicals, accounting for 48.5% of the global volume consumption in 2011. It is the fastest growing region for the flame retardant chemicals market both in terms of production and consumption. Flame retardant chemicals owing to their advanced and better quality characteristics are one of the fastest growing segments of today's plastic additives industry.
This market research study provides detailed qualitative and quantitative analysis of the global flame retardant chemicals market. The report provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. The market is further segmented and forecasted for major geographic regions, North America, Europe, Asia-Pacific and Rest of the World that include key growth regions such as China and India. Major countries with the market volumes and revenues are covered for each of the region. Competitive scenario and market share of the top players in the market has been discussed in detail. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities.
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