London, 16 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Flame Retardant Chemicals Market 2014-2018, which is expected to grow at a CAGR of 10.37 percent during the forecast period of 2013-2018.
Flame retardant chemicals are responsible for preventing or delaying the combustion of materials and are indispensable elements in the protection of plastic products, electronic devices, construction material, insulation material, and textiles. They are halogen, nitrogen, and phosphorous containing compounds and are increasingly being used across various sectors and industries.
“The global demand for flame retardant chemicals is driven by increased security measures and the new regulatory guidelines for reducing toxic chemicals,” says Faisal Ghaus, Vice President of TechNavio.
“The enforcement of more stringent safety and flammability standards in both developed and developing regions and the rising use of plastic products instead of less flammable materials are expected to contribute to the increased demand for flame retardant chemicals in the future.”
Key Market Drivers
- Growing Demand from APAC Region
- Demand from Various Industries
- Fire Safety Regulations
Key Market Trends
- Growing Demand for Non-halogenated Flame Retardants
- Emergence of New Chemistries for Flame Retardant Applications
Key Market Vendors
- AkzoNobel NV
- Albemarle Corp.
- BASF SE
- E.I. DuPont De Nemours and Co.
- Israel Chemicals Ltd. (ICL)
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
