Flame Retardants are applied to otherwise combustible materials to prevent, stop or slow down fire from initiating or propagating to avoid any accidental injury or damage. Flame retardants are added to transportation products like seats, and seat covers; furnishing products such as carpets, curtains, foam, and upholstery; electrical and electronic devices such as TVs, laptops, and computers, and in electric cables, and insulation materials used in building and construction materials.
MARKET DYNAMICS
The global flame retardants market is driven by increasing use of flame retardant optical fibers and rising demand for flame retardants in the automotive industry. Another factor owing to market growth is the increased security measures across end-user sectors. The market is restricted by increasing prices of flame retardant chemicals and issues related to toxicity of flame retardants. Changing standards of flame retardancy and fire safety along with the emerging application for specific plastic type presents major opportunities for key players in the market.
MARKET SCOPE
The "Global Flame Retardants Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the flame retardants market with detailed market segmentation by material type, application, end-user industry, and geography. The global flame retardants market is expected to witness high growth during the forecast period. The report provides focal statistics on the market status of the leading flame retardants market players and offers significant trends and opportunities in the market.
MARKET SEGMENTATION
The global flame retardants market is broadly segmented by material type, application, and end-user industry. By material type, the global flame retardants market is segmented as aramids & blends, polyolefin & blends, polybenzimidazole, cotton fibers, laminated polyesters, and others. By application, the market is segmented as thermal, mechanical, chemical, radiation, and others. Based on the end-user industry, the flame retardants market is segmented into oil & gas, construction & manufacturing, pharmaceuticals, law enforcement & military, firefighting, and others.
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REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flame retardants market based on various segments. It also includes market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The flame retardants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the flame retardants market from both demand and supply side and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trend influencing the market during the forecast period. Besides, it also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the flame retardants market in these regions.
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MARKET PLAYERS
The reports cover key developments in the flame retardants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from flame retardants market are anticipated to lucrative growth opportunities in the future with the rising demand for Flame Retardants in the global market. Below mentioned is the list of few companies engaged in the Flame Retardants market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Flame Retardants market. Also, the study focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the significant developments in the past five years.
-Akzo Nobel N.V.
-Albermarle Corporation
-BASF SE
-Broadview Technologies
-Clariant
-Dover Corporation
-ICL
-LANXESS
-Nabaltec AG
-The Dow Chemical Company
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