PUBLISHER: Grand View Research | PRODUCT CODE: 1554021
PUBLISHER: Grand View Research | PRODUCT CODE: 1554021
The global non-halogenated flame retardants market size is expected to reach USD 9.76 billion by 2030, registering a CAGR of 8.25% during the forecast period, according to a new report by Grand View Research, Inc. Concern for human health and environment has led to many countries banning halogen based flame retardants. These regulations and legislations are key factors positively affecting the demand for halogen free retardants. Polymers are being increasingly used in many end use industries such as automotive, electrical, construction, etc. Increased use of polymers has given a significant rise to risk of fire accidents. Extensive use of non-halogenated flame retardants for countering these instances will lead to its increased demand and eventual market growth. However, issues with processing of these materials are expected to be a challenge for market participants.