RnRMarketResearch

Flame Retardants to 2016

US demand to grow 5% annually through 2016

 
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Dallas, TX -- (SBWIRE) -- 10/03/2012 -- Demand for flame retardants in the US is expected to grow 4.6 percent per year to 938 million pounds in 2016, a significant rebound as the industry benefits from an improving economy and a turnaround in key markets like building construction and motor vehicles. Construction related applications will provide the biggest impetus to growth and continue to account for the greatest share of sales. Other factors increasing demand include stringent fire codes and flammability requirements. Environmental issues will present mixed results, with concern over the potentially deleterious health effects of halogenated flame retardants slowing growth for those compounds, especially in consumer goods, but also offering opportunities for safer alternatives.

Recession of 2007-2009 affected most flame retardant markets

The mortgage crisis and ensuing economic downturn resulted in a decline in flame retardant demand beginning in 2007 as a glut in the housing market led to a sharp downturn in residential construction. By 2009 the recession began to impact the construction of offices and commercial spaces. These trends reduced the need for flame retardants used mostly in construction, with boron (used in insulation) and chlorinated compounds (used in PVC) seeing the steepest declines. Markets closely associated with construction, such as wire and cable, upholstery, carpets and rugs, and other home furnishings, experienced similar losses. Outside the construction industry, flame retardant demand in motor vehicles and electronics also felt the severity of the recession.

Construction markets to see sharpest advances thru 2016

With the housing market bottoming out and showing signs of recovery, demand for flame retardants will also begin to improve. Flame retardants utilized in construction applications will see the sharpest improvements given that insulation, roofing, flooring, building boards, and other structural materials that all require treatment. Boron and phosphorusbased flame retardants will expand at the fastest rates. Brominated compounds will benefit from use in polystyrene and polyurethane insulation.

Outside of the construction market, a number of other uses for flame retardants will experience improved market prospects, including construction associated industries like carpeting, curtains, and other home furnishings. Wire and cable applications for both communications and power transmission will expand, along with new construction. Use in motor vehicle applications will post strong improvement along with the rebound in US motor vehicle output. The increasing use of plastics in vehicles provides additional opportunities. In contrast, the outlook for the US electronics industry is less benign and electronics applications will be the slowest growing outlets for flame retardant demand.

Non-halogenated types to benefit from safety concerns

Alumina trihydrate is by far the most important type of flame retardant used in the US market in volume terms, with 46 percent of total volume sales. However, the higher-value brominated flame retardants account for the greatest share of market value. Halogenated types will register subpar advances due to health and safety concerns, although this same issue will provide opportunities for a number of non-halogenated alternatives.

COMPANY PROFILES

Company Profiles for 36 competitors in the US flame retardants industry

Additional Information

This study analyzes the US market for flame retardants, including alumina trihydrate, phosphorus compounds, brominated and chlorinated compounds, antimony oxide, boron compounds, and other smaller-volume products such as magnesium hydroxide and melamine derivatives. The study discusses environmental, regulatory and other market environment factors. Historical data are provided for 2001, 2006, and 2011, with forecasts provided for the years 2016 and 2021. Demand is stated in millions of pounds and millions of US dollars and is also presented by market (construction products, wire and cable, electrical and electronic products, motor vehicles, and other markets) and materials (thermoplastic resins, thermoset resins, and other materials). In this study, the term “sales” is synonymous with “demand” and is equal to production plus imports, less exports. The entire study is framed within the overall flame retardant industry’s economic and market environments.

As defined in this study, flame retardants consist of products added to a material at the time of manufacture to improve the material’s ability to withstand fire and heat, resist combustion, and/or reduce or eliminate the generation of smoke and toxic fumes in the event of a fire. Not included are products used after manufacturing to improve fire safety, such as asbestos or other mineral coatings applied to steel beams or chemical sprays which are applied to textiles. Also excluded are applications for alumina trihydrate in which the compound is used as a filler and not for its flame retardant properties, such as in acrylic countertop materials.

Information and data were obtained from a variety of primary and secondary sources, including government and trade associations, industry participants, online databases, and other Freedonia studies. Consultations with plastic resin producers, reinforcement producers, additive suppliers, plastic resin distributors, end users, consultants, industry specialists, and trade associations were pursued. Secondary data were obtained from the government, trade associations and private sources, including material from the American Composite Manufacturers Association, the American Plastics Council, the Bromine Science and Environmental Forum, and the Fiberglass Tank & Pipe Institute. Other sources included trade publications such as Chemical & Engineering News, Chemical Week, ICIS Chemical Business, International Association of Plastics Distributors, Modern Plastics, Plastics Additives & Compounding, Plastics Engineering, Plastics News, and Plastics Technology.

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LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table

SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators
2 Population & Households
3 Personal Consumption Expenditures
4 Construction Expenditures
5 Manufacturers’ Shipments
6 Plastic Resin Supply & Demand
7 Flame Retardant Market, 2001-2011
8 Flame Retardant Pricing

SECTION III -- PRODUCTS
1 Flame Retardant Demand by Type
2 Halogenated Flame Retardant Demand
3 Non-halogenated Flame Retardant Demand
4 Flame Retardant Demand by Product
5 Alumina Trihydrate Flame Retardant Demand
6 Alumina Trihydrate Flame Retardant Demand
by Market & Material
7 Boron Flame Retardant Demand
8 Boron Flame Retardant Demand by Market & Material
9 Phosphorus Flame Retardant Demand
10 Phosphorus Flame Retardant Demand by Market & Material
11 Brominated Flame Retardant Demand
12 Brominated Flame Retardant Demand by Market & Material
13 Antimony Trioxide Flame Retardant Demand
14 Antimony Trioxide Flame Retardant Demand by Market & Material
15 Chlorinated Flame Retardant Demand
16 Chlorinated Flame Retardant Demand by Market & Material
17 Other Flame Retardant Demand
18 Other Flame Retardant Demand by Market & Material

SECTION IV -- MATERIALS
1 Flame Retardant Demand by Material
2 Thermoplastic Resin Demand for Flame Retardants
3 Polyvinyl Chloride Demand for Flame Retardants
4 Polyolefins Demand for Flame Retardants
5 Polystyrene Demand for Flame Retardants
6 ABS Demand for Flame Retardants
7 Nylon Demand for Flame Retardants
8 Other Thermoplastic Demand for Flame Retardants
9 Thermoset Resin Demand for Flame Retardants
10 Polyurethane Demand for Flame Retardants
11 Unsaturated Polyester Demand for Flame Retardants
12 Epoxy Resin Demand for Flame Retardants
13 Phenolic Resin Demand for Flame Retardant
14 Other Thermoset Resin Demand for Flame Retardants
15 Other Materials Demand for Flame Retardants
16 Cellulosics Demand for Flame Retardants
17 Adhesives & Coatings Demand for Flame Retardants
18 Elastomer Demand for Flame Retardants
19 All Other Materials Demand for Flame Retardants

SECTION V -- MARKETS
1 Flame Retardant Demand by Market
2 Construction Indicators
3 Construction Products Market for Flame Retardants by Application
4 Construction Products Market for Flame Retardants by Product
5 Electrical & Electronic Product Indicators
6 Electrical & Electronic Market for Flame Retardants by Application
7 Electrical & Electronic Market for Flame Retardants by Product
8 Insulated Wire & Cable Indicators
9 Wire & Cable Market for Flame Retardants
10 Wire & Cable Market for Flame Retardants by Product
11 Motor Vehicle Indicators
12 Motor Vehicle Market for Flame Retardants
13 Motor Vehicle Market for Flame Retardants by Product
14 Textile Product Shipments
15 Textile Market for Flame Retardants
16 Textile Market for Flame Retardants by Product
17 Aerospace Equipment Shipments
18 Aircraft & Aerospace Market for Flame Retardants
19 Aircraft & Aerospace Market for Flame Retardants by Product
20 Other Markets for Flame Retardants

SECTION VI -- INDUSTRY STRUCTURE
1 Selected US Flame Retardant Sales by Company, 2011
2 Selected Acquisitions & Divestitures
3 Selected Cooperative Agreements

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