Global Halogen-Free Flame Retardants Market: Information by Type (Aluminum Trihydrate, Phosphorous-Based), Resin Type (Polyethylene, Polypropylene, Epoxy), End-Use Industry (Building & Construction, Electrical & Electronics), and Region—Forecast till 2023
Pune, India -- (SBWIRE) -- 09/10/2018 -- The Global Halogen-Free Flame Retardants Market is segmented by Type, Resin, Application, and Region.
Various types of Halogen-Free Flame Retardants include aluminum hydroxide, alumina trihydrate, magnesium hydroxide, phosphorus-based, molybdate flame retardants & smoke suppressants, and others. The feasibility of these retardants is decided on the basis of their decomposition temperature. Aluminum hydroxide is expected to dominate the global market due to its lower cost, high absorptivity, and non-toxic nature although it decomposes at 180ºC, which makes it unsuitable for thermoplastics. However, magnesium hydroxide is costlier but provide stability up to 340ºC.
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Polypropylene, polyethylene, nylon, polycarbonate, polyethylene terephthalate, polybutylene terephthalate are some of the resins used in Halogen-Free Flame Retardants. Polypropylene and polyethylene together dominate the global market owing to their increased demand from the consumer-based industries. Addition of these polymers results in enhanced flame retardant properties such as longer thermal resistance and good mechanical strength.
The end-user industries segment includes building & construction, automotive, aerospace, electronics & electrical, paints & coatings, and others. The increasing use of plastics in construction for flooring, roofing, insulation, and others has augmented the demand for these flame retardants. The use of Halogen-Free Flame Retardants in automotive and aerospace due to the stringent fire safety standards is likely to fuel the market growth during the forecast period.
Some of the manufacturers operating in the Global Halogen-Free Flame Retardant Market are Clariant (Switzerland), Lanxess (Germany), ICL (Israel), Albermarle Corporation (U.S.), Nabaltec AG (Germany), RTP Company (U.S.), Huber Engineered Materials (U.S.), SIMONA AMERICA Inc. (U.S.), Bayer AG (Germany), BASF SE (Germany), Celanese Corporation (U.S.), and Delamin Limited (U.K).
The Global Halogen-Free Flame Retardants Market is spanned across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The high demand from the automotive and aerospace industry is driving the Halogen-Free Flame Retardants Market in the North American region. Furthermore, the rebound in construction activities in the region is likely to fuel the market growth during the forecast period 2018-2023.
Europe was the second leading market in 2016 due to the high production and sales of the automotive parts in countries such as Germany, Italy, the U.K, France, and others.
Asia Pacific is the fastest growing region in the Global Halogen-Free Flame Retardants Market on account of the high demand from the automotive and building & construction industry in the region.
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