Albany, New York, August 31, 2016: Flame retardants offer an excellent balance of cost, performance, processability, and other properties. Environmental concerns have motivated key manufacturers to develop global non-halogenated flame retardants market. Government regulations and changing consumer preferences has also propelled the demand for non-halogenated flame retardants. Flammability requirements and increasingly severe fire codes in construction products is also fueling the requirement of non-halogenated flame retardants. These are some of the findings of a new report added to the expanding repository of Market Research Reports Search Engine (MRRSE).
The report, titled “Non-Halogenated Flame Retardants Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025,” states that the demand for smaller-volume non-halogenated flame retardants is expected to increase during the period between 2015 and 2025. In terms of value, the global market for non-halogenated flame retardants is expected to exhibit a 6.40% CAGR from 2015 to 2025. As non-halogenated flame retardants do not have any halogen, they are more environment-friendly than the halogenated flame retardants. The non-halogenated flame retardants find application in textile materials, plastics, epoxy, unsaturated polyester, polyvinyl chloride, polyurethane, engineering thermoplastics, styrenics, and rubber.
Technological advancements have motivated key companies to manufacture metal oxide-based, nitrogen-based, and phosphorous-based flame retardants. With this, key players are predicted to maintain their dominance in the global market throughout the forecast period.
As per the findings of the report, non-halogenated flame retardants are used in various industries including automotive, building and construction, and electrical and electronics. Demand for non-halogenated flame retardants is expected to be generated from the building and construction industry. The use of non-halogenated flame retardants is expected to increase for electrical and electronics.
The report says that the introduction of non-halogenated flame retardants by key companies is expected to motivate the startup companies to launch their new products in the global market. Ticona Engineering Polymers, a forerunner in the design and development of non-halogenated flame retardants, has been introducing new varieties in the global market that are being used in electrical and electronic equipment. This has inspired many new entrants and other key companies to upgrade and introduce their new products. With the introduction of new non-halogenated flame retardants, the global market is predicted to be highly competitive. Companies are aiming to introduce new flame retardants featured with improved processability.
The global non-halogenated flame retardants market is regionally divided into Asia Pacific (excluding Japan), Japan, North America, Eastern Europe, Western Europe, Latin America, and the Middle East and Africa.
Browse Full Global Non-Halogenated Flame Retardants Market Report with TOC:http://www.mrrse.com/non-halogenated-flame-retardants-market
Clariant International Limited, Israel Chemical Limited, Albemarle Corporation, Italmatch Chemicals S.p.A, Nabaltec AG, Chemtura Corporation, FRX Polymer Inc, Huber Engineered Material, THOR Group Ltd., and Amfine Chemical Corporation are some of the key companies manufacturing non-halogenated flame retardants across various geographies.
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