Global Flame Retardant Market is valued approximately USD 10.63 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.4 % over the forecast period 2019-2026. Flame retardants are compounds added to materials like plastics, electrical devices, construction materials and textiles to delay the production of the flame in the material preventing the spread of the fire. The various types of flame retardants are aluminum trihydrates, brominated flame retardant, antimony oxides and others. The increase in demand from current & emerging applications majorly electrical industry has led the adoption of Flame Retardant across the forecast period. The use in electronics is increasing due to the property of decreasing flammability of combustible substance. As per Statista, the number of users of Consumer Electronics is expected to amount to 2.9 billion by 2024 with the user penetration increasing from 26.9% in 2020 to 38.5% by 2024. Also, with the growing use in other end-use industries such as building & construction, automotive & transportation, wires & cables at a substantial rate across the world is expected to fuel the demand for Flame Retardants. Moreover, the rising government norms imposing improved safety standards for smoke and flammability range in different products drives the market growth.

The regional analysis of global Flame Retardant market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to presence of electrical & electronics manufacturing hubs and increase in infrastructure activities in countries such as China, India and Japan. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing population along with increasing disposable income increases the demand for electronic products and rise in building activities would create lucrative growth prospects for the Flame Retardant market across Asia-Pacific region.

Major market player included in this report are:
ICL (Israel Chemicals Ltd.)
Clariant International Ltd. (Switzerland)
Lanxess AG (Germany)
Nabaltec AG (Germany)
The Dow Chemical Company (U.S.)
BASF SE (Germany)
Akzo Nobel (Netherlands)
Italmatch Chemicals (Italy)
Huber Engineered Materials (U.S.)The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
ATH
Antimony Oxide
Brominated
Chlorinated
Phosphorous
Others
By End-Use Industry:
Building & Construction
Electronics & Appliances
Automotive & Transportation
Wires & Cables
Textiles
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Flame Retardant Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investor