Market Synopsis:
Regionally, the global halogen-free flame-retardant market is spanned
across five regions namely Asia Pacific, North America, Europe, Latin America,
and the Middle East & Africa.
North America dominated the global halogen-free flame retardants market
in 2016 owing to growing demand from reviving construction, automotive, and
aerospace industries in the region. Use of plastics along with halogen-free
flame retardants in the automotive parts such as chemical tanks, cable
insulation, gas cans, carpet fibers help to reduce overall weight and toxic
emissions in the environment. The U.S. aerospace and defense (A&D) industry
is the world’s leading innovator and producer of technologically advanced
aircraft, space and defense systems. In 2016, the U.S. aerospace industry
contributed around export sales of USD 147 billion to the U.S. economy.
Thus, rising adoption of lightweight aircraft with low emission and
higher fuel efficiency are expected to augment the market growth. Furthermore,
the construction spending as of March 2018 is nearly USD 1,284,740 million according
to United States Census Bureau. The reviving construction activities in this
region is expected to drive the demand for these flame retardants over the
assessment period. Furthermore, the U.S. Environmental Protection Agency
announced safer alternatives for halogenated flame retardants such as
hexabromocyclododecane (HBCD) and entabromodiphenyl ether (pentaBDE) in 2014,
which is likely to propel the demand for non-halogenated flame retardants.
Europe was the second largest region in the global halogen-free flame
retardant market in 2016 on account of the high product demand from the
automotive sector. The European FP7 research project NANOFRABS developed new
and more effective halogen-free flame retardant for ABS compound by
incorporation of nanofillers. These ABS compound are much lighter than any
other plastics and thereby can help in vehicle reduction by 10%, which makes
them fuel efficient. They are highly used in dashboards, wheel covers, bumper bars,
and others due to their strength, chemical and scratch resistance.
Asia Pacific is expected to witness a significant growth owing to the
high demand for non-halogenated flame retardants from major end-use industries
such as construction, automotive, and electrical & electronics. High
production and sales of automotive and consumer electronics in China, India,
South Korea and Australia is expected to drive the market growth in this
region.
Latin America is projected to witness a significant growth owing to the
high demand for halogen-free flame retardants from the automotive industry.
The infrastructural and the construction activities in the GCC countries
are likely to fuel the demand for halogen-free flame retardants in the Middle
East & Africa over the assessment period.
Key Players
·
Clariant
·
Lanx
·
ICL
·
Albermarle Corporation
·
Nabaltec AG
·
RTP company
·
Huber Engineered Materials
·
SIMONA AMERICA Inc.
·
Bayer AG
·
BASF SE
·
Celanese Corporation
·
Delamin Limited
Segmentation
The global halogen-free flame
retardants market is segmented on the basis of the type, resin, application,
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 market is segmented into building & construction,
electronics & electrical, automotive, paints & coatings, and others.
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