10-Oct-2018 | Zion Market Research
The major players in the halogen free flame retardant market are LANXESS AG, BASF SE, Albemarle Corporation, and Clariant among others. These players are set to power the development of halogen free flame retardant market in the near future.
Browse the full "Halogen Free Flame Retardant Market, By Type (Aluminum Hydroxide, Organo- Phosphorous and Other Type), By Application Type (Polyolefin, Epoxy Resins, Polyvinyl Chloride (PVC), Unsaturated Polyester (UPE), Rubber, Engineered Thermoplastics (ETP), Styrenics and Others), For End User (Building and Construction Industry, Electrical and Electronics Industry, Transportation Industry, Wires and Cables Industry and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024" report at https://www.zionmarketresearch.com/report/halogen-free-flame-retardant-market
he global halogen free flame retardant market is likely to show a CAGR of over 8% from 2017 to 2024. The demand for halogen free flame retardant market in terms of volume is likely to cross almost 3,000 Tons in 2024 at a CAGR of over 7% in the near future.
Rising Application Of Plastics In Various Sectors And Various Regulations To Power The Development Of Global Halogen Free Flame Retardant Market
Some of the major factors that will power the development of the halogen free flame retardant market comprise rising application of plastics in various sectors, awareness for fire safety goods among the end-user sectors, and various regulations led by the governing agencies on the employment of halogenated flame products. End-user sectors are restoring different metal materials with plastic elements in their manufacturing procedure to reduce costs and lower general weight. On the other hand, plastic materials are more vulnerable to catch fire in comparison to metal elements. Hence, halogen free flame retardant chemicals are broadly employed to make these plastic substances, which are employed in manufacturing industries, thus boosting the halogen free flame retardant market. Rising investment by major players is also set to power the halogen free flame retardant market. For example, in February 2018, The Fire Retardant Additives declared a significant capital spending to elevate its production, thereby powering the halogen free flame retardant market.
Zion Market Research’s research analysts concluded that there will be a rising need for aluminum hydroxide flame retardant due to its non-toxicity, easy availability, and low cost, boosting the halogen free flame retardant market. The major applications of halogen free flame retardant are rubber products, cables, electrical arcing, flame retardant wires, and carpet backing among others.
In the type sector of halogen free flame retardant market, aluminum hydroxide flame retardant has majority of share. The aluminum hydroxide flame retardant ruled the halogen free flame retardant market in 2016 with almost 70% market share and is likely to maintain the same in the future. Factors such as easy availability, nontoxic nature, and low cost are boosting the development of halogen free flame retardant market.
North America ruled the halogen free flame retardant market in 2016 after Europe. The execution of new environmental rules in North America and Europe had resulted in a huge development of the halogen free flame retardant market in these areas. The Asia Pacific is likely to be the quickest developing area for halogen free flame retardant market in the forecast period.
The global halogen free flame retardant market is segmented as follows:
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