Halogen-Free Flame Retardant Market expected to reach 5.76% CAGR growth forecast period 2018-2023, Halogen-Free Flame Retardant Market Categorizes Type, Resin Type, End-Use Industry and Region | Halogen-Free Flame Retardant Industry
Pune, India -- (SBWIRE) -- 12/12/2018 -- Market Overview
Market Research Future (MRFR) has revealed in its latest report that the global halogen-free flame retardants market is projected to thrive moderately at a CAGR of 5.76% during forecast period 2018 to 2023. The halogen-free flame retardants market is estimated to grow from USD 2191.95 Mn in 2017 to USD 3067.05 Mn by the end of 2023. The disclosure about the toxin emissions from halogen and its severe effects on life and earth in the 1990s has paved the way for the adoption of halogen-free flame retardants over the years.
The shift towards non-halogenated retardants supported by the stringent laws enforced such as Restriction of Hazardous Substances (RoHS); Registration, Evaluation, Authorization and Restriction of Chemicals (REACH); Waste Electrical and Electronic Equipment Regulation (WEEE), etc. is likely to augment the global halogen-free flame retardants market growth in the foreseeable future. The strong value maintained by the construction industry is expected to catapult the market on an upward trajectory. The extensive use of polymers in the construction sector in the form of plastics, composites, foams, textiles, and paints and coatings, among others has intensified the adoption of halogen-free flame retardants for meeting safety standards. The demand from the construction sector is poised to catalyze with the accelerated construction activities being undertaken globally. Additionally, the increasing demand from the electronics industry and opportunities posed by transportation industry are projected to open avenues of market growth over the next couple of years. Nevertheless, high loading levels of halogen-free flame retardants remain an impediment to the market proliferation.
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This MRFR report offers a comprehensive analysis of the global halogen-free flame retardants market for the forecast period 2018-2023. The primary objective of the report is to provide an unbiased perspective towards the market. Key growth opportunities and market threats are also discussed in the report. The scope of the discussion also covers various types of halogen-free flame retardants such as aluminum trihydrate, phosphorous-based, and magnesium hydroxide. Revenue analysis of major types of resins that are used for manufacturing halogen-free flame retardants such as polyethylene, polypropylene, epoxy, unsaturated polyesters, polyvinyl chloride, styrenics, engineered thermoplastics, and rubber is also available in the report. Primary end-use industries of halogen-free flame retardants that are analyzed in the report include building & construction, electrical & electronics, transportation and consumer goods.
The global halogen-free flame retardants market is segmented on the basis of the type, resin, end-use industries, and region.
On the basis of the type, the global halogen-free flame retardants market is segmented as aluminum hydroxide, alumina trihydrate, magnesium hydroxide, phosphorous-based, molybdate flame retardants & smoke suppressants, and others.
Based on the resin, the global market is segmented as polypropylene, polyethylene, nylon, polycarbonate, polyethylene terephthalate, polybutylene terephthalate, and others.
On the basis of the end-user industries, the global market is segmented into building & construction, electronics & electrical, automotive, paints & coatings, and others.
Huber Engineered Materials
SIMONA AMERICA Inc.
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Market Research Future (MRFR) engages advanced analytical algorithms for drawing an insightful representation of market foresight. Statistical observations available in our reports are authenticated by data sourced from extensive primary and secondary research, which includes interviews with industry opinion holders, white paper references, SEC filings, paid database services, and published annual reports among others. Optimum quality and credibility of the market intelligence is assured by the deployment of advanced scientific tools for data assimilation and mapping. An in-depth analysis of key market elements such as historical data, consumer behavior, etc. reaffirms the credibility of the research findings. Top-down and bottom-up approaches employed authenticate the market size and revenue estimation. A multi-layer verification process assures the accuracy of the quantitative and qualitative information.
Base Year- 2017
Projection Period- From 2018 to 2023
Currency- USD Million
For the scope of the research, MRFR's report offers a comprehensive segmental analysis of the global market for halogen-free flame retardants.
By Resin Type
By End-Use Industry
Building & Construction
Electrical & Electronics
North America: US and Canada
Europe: Germany, Netherlands, Belgium, Poland, Italy, Russia, UK, France, Spain, and Rest of Europe
Asia-Pacific: China, Japan, India, Australia & New-Zealand, Malaysia, Thailand, South Korea, and Rest of Asia-Pacific
Middle East & Africa: Egypt, UAE, Israel, Saudi Arabia, Turkey, Rest of the Middle East & Africa
Latin America: Brazil, Argentina, Mexico, Rest of Latin America
Halogen-free flame retardants manufacturers
Suppliers and distributors
Raw material suppliers
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