Summary
Major players in the halogen-free flame retardants market are Clariant AG , LANXESS , J.M. Huber Corporation, Israel Chemicals Limited , Nabaltech AG , BASF SE , Celanese Corp. , RTP Company , Kisuma Chemicals B.V. , Amfine Chemical Corporation , Albemarle Corporation, ICL, Nabaltec AG, Akzo Nobel N.V, Italmatch Chemicals S.p.A., Greenchemicals SpA , DuPont, Dongying Jingdong Chemical Co. Ltd., Arkema, KPL International Limited, and Axipolymer Incorporation.
The global halogen-free flame retardants market is expected to grow from $4.77 billion in 2022 to $5.27 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The halogen-free flame retardants market is expected to reach $7.74 billion in 2027 at a CAGR of 10.1%.
The halogen-free flame retardants market consists of sales of phosphorus-based halogen-free flame retardants and magnesium hydroxide-based halogen-free flame retardants.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
The halogen-free flame retardants refer to a substance that lacks a certain group of halogen elements and is said to be halogen-free (fluorine, chlorine, bromine, iodine, and astat). In addition to poisonous gases that are hazardous to people, these fire components also cause metals to corrode.
North America was the largest region in the halogen-free flame retardants market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the halogen-free flame retardants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of halogen-free flame retardants are aluminum hydroxide, organophosphorus and other types.Aluminum hydroxide refers to a naturally occurring mineral that can refer to any of numerous white, gelatinous, or crystalline hydrates of alumina, known as aluminum hydroxide.
These are used in various applications such as polyolefins, epoxy resin, unsaturated polyester, polyvinyl chloride, rubber, engineered thermoplastic, styrenics, and other applications and various end users such as textile, transportation, wires and cables, electrical and electronics and building and construction.
Growing health concerns regarding the use of halogen-based flame retardants because of the polluted environment are expected to propel the growth of the halogen-free flame retardants market going forward.Several regulations are being introduced for the growing concerns regarding human health through environmental pollution, which had resulted in the ban of several halogen-based flame retardants across the world, and as a result, increases the demand for the halogen-free flame retardants market.
For example, in February 2020, the European Union, a Europe-based supranational political and economic union(EU), approved Regulation (EU) 2019/2021, a set of rules.As of March 1, 2021, halogenated flame retardants were also prohibited from being used in plastic enclosures and stands for electronic displays.
Therefore, growing health concerns regarding the use of halogen-based flame retardants because of the polluted environment drives the halogen-free flame retardants market.
Technological advancement is a key trend in the halogen-free flame retardants market.Major companies in the halogen-free flame retardants market are advancing in their new technologies and research and developments halogen-free flame retardants market.
For instance, in July 2022, BASF a Germany – based manufacturer and chemical producer, and THOR GmbH, a Germany-based manufacturer of chemical products, combined their expertise to introduce non -halogenated flame retardance additives- a vital component for plastic components or composites that are frequently used in transportation, construction, domestic, and industrial applications since unintentional exposure to heat and flame can cause catastrophic damage and put lives in danger. For polyolefins, which are traditionally a difficult flame resistance application, the combined flame-retardant additives offer customers and end users with the advanced benefits of BASF’s halogen-free flame retardant Flamestab® and THOR’s phosphonates AFLAMMIT® technology.
In December 2021, LANXESS, a Germany-based chemical company provider of chemical intermediates, additives, speciality chemicals, and plastics operating in halogen–free flame retardants market, acquired Emerald Kalama chemical for $1.04 billion. This acquisition will enable LANXESS to expand new high-margin. Emerald Kalama Chemical is a Netherlands-based provider of speciality chemicals company, including halogen-free flame retardants.
The countries covered in the Halogen-Free Flame Retardants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The halogen-free flame retardants market research report is one of a series of new reports that provides halogen-free flame retardants market statistics, including halogen-free flame retardants industry global market size, regional shares, competitors with a halogen-free flame retardants market share, detailed halogen-free flame retardants market segments, market trends and opportunities, and any further data you may need to thrive in the halogen-free flame retardants industry. This halogen-free flame retardants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
