Dallas, TX -- (SBWIRE) -- 03/07/2013 -- RnRMarketResearch.com adds “World Flame Retardants to 2016” new market research report to its store. Worldwide demand for flame retardant additives market is forecast to rise 5.4 percent yearly to 2.6 million metric tons in 2016. Advances will represent an acceleration over the 2006-2011 period, in which demand was severely impacted by the effects of a global economic slowdown, especially in the mature markets of the US, Western Europe, and Japan. In addition to an improved economic outlook, flame retardant demand through 2016 will benefit from trends toward improved fire safety and flammability standards — particularly in the developing world — and the rising use of plastic products over less flammable materials.
Non-halogenated types to benefit from favorable environmental profiles
Alumina trihydrate was the leading flame retardant product by volume in 2011, and is expected to post above-average gains in demand through 2016, driven by trends toward non-halogenated chemicals. Halogenated types (chlorinated and brominated) will see subpar advances due to health and safety concerns, while in turn providing opportunities for a number of non-halogenated alternatives. Flame retardants that feature more favorable environmental profiles, including boron, phosphorus, melamine, and magnesium hydroxide, will benefit most from the trend away from the use of halogenated chemicals. However, although brominated flame retardants are being phased out of a number of applications, superior performance and new environmentally friendly formulations will help these products remain an important part of the product mix going forward.
Construction markets to experience fastest gains
Construction and electrical and electronic applications were the leading markets for flame retardants in 2011, each accounting for about one-fourth of overall demand. Faster gains are expected for construction products, fueled by the recovery of the markets in North America and Western Europe and increasing flammability standards in the developing world. Wire and cable, for both communications and power transmission, will expand along with new construction, generating demand for flame retardant products. Demand in motor vehicle applications will also exhibit improvement due to the rebound in motor vehicle output in North America, Western Europe, and Japan and continued growth in developing countries. The increasing use of plastics in vehicles provides additional opportunities for flame retardant demand.
Asia/Pacific region to retain market dominance
The Asia/Pacific region will continue to be the largest and fastest-growing market for flame retardants through 2016, accounting for more than half of global demand. Advances will be fueled by over eight percent annual growth in the large Chinese market, rapid development in less developed countries such as India and Thailand, and solid growth for electronics producers such as South Korea and Taiwan. Gains in North America will reflect Mexico’s growing importance as a producer of electronics and other consumer goods for the American markets, and the recovery of building construction in the US. Western Europe will see a rebound from the declining demand of the 2006-2011 period, although financial uncertainty will restrain growth in flame retardant outlets such as construction and motor vehicle production.
Profiles 37 global competitors such as Albemarle, Chemtura, and Israel Chemicals
This study analyzes the world market for flame retardants, including alumina trihydrate, brominated compounds, phosphorus compounds, chlorinated compounds, antimony oxide, boron compounds, and other products such as magnesium hydroxide, melamine derivatives, and other low-volume flame retardants. The outlook for major markets is discussed along with regulatory, environmental, and other market-influencing factors with comparisons drawn between the various regions of the world. Historical data are provided for 2001, 2006, and 2011, with forecasts provided for 2016 and 2021. Demand is stated in thousand metric tons and millions of US dollars and is presented by market (electrical and electronics, construction, wire and cable, motor vehicles, textiles, and other markets). In this study, the term “sales” is synonymous with “demand” and “market” and is equal to production plus imports, less exports. The term “shipments” is used interchangeably with “production.” The entire study is framed within the overall flame retardant industry’s economic and market environment.
As defined in this study, flame retardants consist of those 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 filler and not for its flame retardant properties, most notably in acrylic countertop materials.
Macroeconomic and demographic indicators presented in this study were obtained from The Freedonia Group Consensus Forecasts dated June 2012. Gross Domestic Product (GDP) historical data are derived from the national income and products accounts from the Organization for Economic Co- Operation and Development (OECD) for its member countries, from the European Bank for Reconstruction and Development (EBRD) for its member countries, and from the International Monetary Fund for its member countries that are not part of the OECD or EBRD. Sources of GDP estimates for other countries are based on information from the World Bank and a variety of sources including the countries’ statistical bureaus. GDP forecasts are developed from a consensus of public agencies and private firms.
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