Flame Retardant Market Global Forecast Report by Product Type, Application (Polyolefins, Epoxy Resins, UPE, PVC, ETP, Others), Chemistry, End Use, Country and Company Analysis 2024-2032

Flame Retardants Market Analysis

The Global Flame Retardants Market will reach US$ 15.88 billion by 2032, up from US$ 9.38 billion in 2023, with a CAGR of 6.03% between 2025 and 2033. Some of the key elements fueling the market are the growing usage of flame retardants in the aerospace sector, the increased focus on fire safety standards and regulations across industries, and the launch of bio-based flame retardants made from renewable resources.

Flame Retardants Industry Outlooks

Chemical compounds or materials known as flame retardants are made to prevent or reduce the spread of fire. They contribute to improving the fire resistance of different items and materials by decreasing their flammability and can tolerate high temperatures without burning up themselves. Their capacity to reduce fire-related damage contributes to the materials' and items' extended useful lives. They prevent overheating and fire in electronic gadgets, including TVs and laptops. To improve building fire safety, they are extensively utilized in construction materials like paints, insulation, and wiring.

Companies and individuals are investing in fire-resistant products and materials as a result of growing awareness of the need of fire safety. A favorable market outlook is also being produced by the aerospace industry's growing usage of flame retardants to satisfy strict safety regulations for aircraft interiors, including insulation, wiring, and cabin materials. Aside from this, the popularity of electric cars (EVs) is creating new markets for flame retardants since the lithium-ion batteries in these cars need materials that are resistant to fire in order to prevent thermal runaway events. To further improve fire safety, the textile industry is progressively utilizing flame-retardant materials for use in household textiles, public areas, and workwear.

Driving Forces of Flame Retardants Market

An increasing focus on fire safety laws

One of the main elements favorably impacting the market is the growing emphasis on fire safety rules and regulations across a range of sectors. A positive market outlook is also provided by the growing usage of flame retardants in the automotive industry to make interior components like dashboards, seats, and wiring harnesses that put out fires in the event of an accident. Aside from this, the electronics sector's growing reliance on flame retardants to safeguard equipment and stop electrical fires is fueling the market's expansion. Furthermore, strict safety regulations are being implemented by regulatory and governing agencies across the globe to lower the danger of fires and safeguard people and property.

Technological advancements

Constant innovation in flame retardant technology is another important driver of market expansion. Additionally, a positive market outlook is provided by the increased focus on creating flame retardants that are less hazardous and environmentally benign. In addition, a larger customer base is being drawn in by the introduction of bio-based flame retardants that come from renewable sources. Additionally, a number of scientists and producers are creating novel flame retardant materials that are more efficient, eco-friendly, and adaptable. For instance, in September 2023, A non-halogen flame retardant developed by Lanxess AG and is principally intended for use in glass fiber-reinforced polymers, which are used to make goods for the electronics and electrical industries. In addition, the market is developing because more and more nanoscale flame retardant compounds are being used, which lowers the requirement for chemicals and enhances environmental health.

Asia Pacific Flame Retardants Market

Asia Pacific's rapid infrastructural development and urbanization contributed to its significant market share in the industry. It is necessary to use fire-resistant materials when constructing transit systems, industrial complexes, and residential and commercial buildings. The growing use of flame retardants can be attributed to their necessity in achieving the strict safety criteria in these projects. Flame retardants are also in great demand due to the region's high concentration of electronic industries. In addition, the readily accessible sources of essential raw materials, such as the chemicals needed to produce flame retardants, contribute to the market expansion. Flame retardants are becoming more and more in demand as a result of the growth of numerous sectors and the rising number of fire incidents in the Asia Pacific region.

India Flame Retardants Industry

Growing safety standards in a variety of industries, including as electronics, automotive, and construction, are driving a large portion of the flame retardant sector in India. For instance, the National Infrastructure Pipeline (NIP) was introduced by the Indian government in 2021. It calls for an investment of 1.4 trillion USD, of which 24% will go toward renewable energy, 19% toward roads and highways, 13% toward railroads, and 16% toward urban infrastructure.

Furthermore, flame retardants are being added by manufacturers to materials including plastics, fabrics, and coatings as fire safety becomes more of a priority. To satisfy customer demand and legal requirements, major companies in the industry are investing in cutting-edge and eco-friendly flame retardant products. Bio-based flame retardants are being developed as a result of the move toward sustainable practices. This market is predicted to grow further as urbanization and industrialization rise, offering opportunity to existing and emerging businesses alike.

China Flame Retardants Industry

The market for flame retardants in China is expected to increase significantly due to strict safety regulations in a number of industries, including electronics, automotive, and construction. The National Bureau of Statistics of China stated that in the first half of 2022, construction investment rose by 6.7%. Furthermore, the need for fire-safe materials has increased due to rapid industrialization and urbanization, and government initiatives that promote fire protection measures have furthered this demand. Growing awareness of fire hazards and the growing use of flame retardants in consumer items are important growth factors. As manufacturers work to address health and environmental issues related to existing chemical formulations, future trends point to a transition toward bio-based and environmentally friendly flame retardants. Furthermore, technological developments are resulting in the creation of flame retardants that are more efficient and function better.

Global Flame Retardants Company Analysis

The key players in flame retardants industry are Albemarle Corporation, BASF AG, Clariant AG, DIC Corporation, The Dow Chemical Company, Icl Group Ltd, Lanxess AG and UFP Industries, Inc.

Global Flame Retardants Company News

July 2022- The halogen-free flame retardant Flamestab(R) from BASF and the phosphonates AFLAMMIT(R) technology from THOR GmbH have teamed up to provide customers and end users synergistic benefits for demanding flame resistance applications.

January 2022- MAGNIFIN Magnesiaprodukte GmbH & Co KG (MAGNIFIN) was successfully acquired by Huber Engineered Materials. Fire Retardant Additives (FRA), Huber's strategic business unit, has smoothly incorporated the product lineup that was formerly presented by MAGNIFIN and represented by Martinswerk GmbH. Huber's range of smoke suppressants, halogen-free fire retardants, and specialty aluminum oxides is strengthened by this strategic combination, which greatly increases its market power globally.

December 2021- The first production facility for flame retardants to be built in China has been announced by Clariant AG.

December 2021- At its existing location in Daya Bay, Guangdong Province, China, CLARIANT started building a new flame retardant production facility. With the new facility, CLARIANT will be able to better meet the region's increasing need for flame retardant solutions while also increasing production capacity.

Product Type- Market breakup in 2 viewpoints:

1. Halogenated Flame Retardants

2. Non-Halogenated Flame Retardants

Application - Market breakup in 6 viewpoints:

1. Polyolefins

2. Epoxy Resins

3. UPE (Unsaturated Polyster)

4. PVC (Polyvinyl Chloride)

5. ETP (Engineering Thermoplastics)

6. Others

Chemistry- Market breakup in 6 viewpoints:

1. ATH

2. Brominated

3. Antimony Oxides

4. Chlorinated

5. Phosphorus Compounds

6. Others

End Use- Market breakup in 4 viewpoints:

1. Electrical & Electronics

2. Construction

3. Transportation

4. Others

Countries- Market breakup in 25 viewpoints:

1. North America

• 1.1 United States
• 1.2 Canada

2. Europe

• 2.1 France
• 2.2 Germany
• 2.3 Italy
• 2.4 Spain
• 2.5 United Kingdom
• 2.6 Belgium
• 2.7 Netherland
• 2.8 Turkey

3. Asia Pacific

• 3.1 China
• 3.2 Japan
• 3.3 India
• 3.4 Australia
• 3.5 South Korea
• 3.6 Thailand
• 3.7 Malaysia
• 3.8 Indonesia
• 3.9 New Zealand

4. Latin America

• 4.1 Brazil
• 4.2 Mexico
• 4.3 Argentina

5. Middle East & Africa

• 5.1 South Africa
• 5.2 Saudi Arabia
• 5.3 UAE

All the key players have been covered from 4 Viewpoints:

• Business Overview
• Key Persons
• Recent Development & Strategies
• Financial Insights

Key Players Analysis:

1. Albemarle Corporation

2. BASF AG

3. Clariant AG

4. DIC Corporation

5. The Dow Chemical Company

6. Icl Group Ltd

7. Lanxess AG

8. UFP Industries, Inc.