Recent advancements in the denier polypropylene fiber have created considerable interest among numerous industries such as construction, electrical and electronics, automotive, packaging, and aerospace. At present, there are two popular flame retardants, halogenated and non-halogenated flame retardants. Both flame retardants are effectively used for their flame-retardant properties to the polypropylene polymer. However, the preference of many industries is shifting from halogenated to non-halogenated flame retardants. With this, the global market for non-halogenated flame retardants is expected to grow significantly.
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In terms of value, the global non-halogenated flame retardants market is expected to exhibit a 6.40% CAGR during the period between 2015 and 2025.
Demand for Non-halogenated Flame Retardants from Building and Construction Industry Continues to Increase
Non-halogenated flame retardants find application in rubber, unsaturated polyester, styrenics, engineering thermoplastics, epoxy, plastics, and textile materials. Metal oxide-based, nitrogen-based, and phosphorous-based non-halogenated flame retardants are expected to be in demand throughout the forecast period. NHFRs are being used by various industries such as automotive, electrical and electronics, and building and construction.
Fire safety is a growing concern in the modern society. Flame retardants are designed to offer fire protection to polymers that are under fire risk scenarios. Non-halogenated flame retardants slow down the spread of the flame and minimize heat release, which reduces the emission of toxic gas. Non-halogenated flame retardants are being increasingly used by the building and construction industry. This is expected to propel the global market in the years to come.
The development of polypropylene with polymers is anticipated to multiply the growth opportunities for the global non-halogenated flame retardants market.
New Product Launches to Benefit Global Demand for Non-halogenated Flame Retardants
Clariant International Limited, Albemarle Corporation, Israel Chemical Limited, Italmatch Chemicals S.p.A, Chemtura Corporation, Nabaltec AG, FRX Polymer Inc., Huber Engineered Material, Amfine Chemical Corporation, and THOR Group Ltd. are some of the key companies operating in the global non-halogenated flame retardants market. Key organizations are focusing on launching new flame retardants in the global market to maintain their dominance. With the use of advanced technology, manufacturers of non-halogenated flame retardants are aiming to add new features in their products, thus fulfill the needs of various end-user industries. Currently, low smoke flame retardants are more demand as compared to the others. Low smoke non-halogenated flame retardants delay the entire combustion procedure and offer high fire resistance. As non-halogenated flame retardants are environment-friendly, they are increasingly being used in the construction industry. Considering its many benefits, low flame non-halogenated flame retardants are also used by other industries.
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The entry of new companies is expected to benefit the global market in many ways. Startups are predicted to adopt new technologies to introduce new flame retardants, thus contribute largely in the global market. With the presence of key companies and the entry of new manufacturers, the global market is expected to remain highly competitive throughout the forecast period.
Based on region, the global non-halogenated flame retardants market is divided into Eastern Europe, Western Europe, Asia Pacific (excluding Japan), Japan, North America, Latin America, and the Middle East and Africa.