+1-888-308-5802     
News Contact Us

Non Halogenated Flame Retardants Market Share - How the Business Will Grow in 2024?

Author : Ronak Bora | Published Date : 2019-05-09 

Non halogenated flame retardants market share from polyolefins is set to grow over 7% by 2024. Halogen free polyolefins include PP, LDPE, PE, LLDPE, EVA and MDPE. They are primarily used in electric cables & wires, construction and transportation sectors. Market share from epoxy resins applications will witness significant growth of over 7% by 2024. Increasing epoxy resin demand utilized for high quality coatings coupled with rapid industrial growth will propel the industry.As per a report by Global Market Insights Inc., “Non-halogenated flame retardants market is poised to exceed a revenue of USD 3.4 billion by the end of 2024, with a projected CAGR of 8% over 2016-2024.”

Increasing investment in the construction sector coupled with stringent regulations towards fire safety will propel the industry outlook. Europe non halogenated flame retardants market is governed by regulations introduced by WEEE and REACH. WEEE directive 2012/19/EU aims to   substantially increase recycling capacity and cover additional group of products. Various parameters including toxicity, ecological effects and fire resistance capacity are considered before authorizing sales and distribution of fire suppressants.

Request for Sample Copy of this [email protected]  www.gminsights.com/request-sample/detail/730 

 

With immense application scope across the automotive sector, Non-Halogenated Flame Retardants Market is undoubtedly anticipated to carve a positive growth chart over the coming years. Polymeric materials have been experiencing massive demand in automobiles since the past few years, driven by the deployment of polymers in vehicles as a substitute of steel to increase their aesthetic appeal, function ability, and fuel efficiency. The use of polymers results in reduction of vehicle weight almost up to 10% which ultimately results in fuel optimization. However, various toxicity concerns associated with the product may hamper the non-halogenated flame retardants market expansion over the years. To combat these restraints, market players have been heavily investing in R&D activities to manufacture environmentally viable polymers.

Non halogenated flame retardants market share from polyolefins is set to grow over 7% by 2024. Halogen free polyolefins include PP, LDPE, PE, LLDPE, EVA and MDPE. They are primarily used in electric cables & wires, construction and transportation sectors. Market share from epoxy resins applications will witness significant growth of over 7% by 2024. Increasing epoxy resin demand utilized for high quality coatings coupled with rapid industrial growth will propel the industry. 

North America non halogenated flame retardants market size, led by U.S., will surpass USD 1.3 billion in 2015. Federal government guidelines laid down by the Environment Protection Agency will stimulate sales of bio based products and limit brominated and chlorinated fire suppressors demand. In 2015, North America electrical industry used more than 100 kilos ton fire suppressants.

Request for Inquiry before buying this Report @  www.gminsights.com/inquiry-before-buying/730

Worldwide consumption of polyolefins has significantly increased lately, which is leaving a subsequent impact on Non halogenated flame retardants market. Halogen free polyolefins including LDPE, PE, PP, EVA, LLPE, and MDPE are widely deployed in the manufacturing of electric wires and cables and also in transportation and construction sector. On these grounds, polyolefins applications in the forthcoming years are projected to witness an appreciable growth at 7% CAGR over 2016-2024. Rapid industrial growth has led to an increasing demand for high-quality coatings, which substantially escalates non-halogenated flame retardants market demand from epoxy resin application. As per estimates, this application is forecast to witness gains at around 7% CAGR over 2016-2024.

Worldwide non-halogenated flame retardants industry is highly consolidated with leading four companies covering 30% of the global share. Stringent regulatory compliance with regard to product toxicity and ecological effects enforced by renowned environmental agencies like REACH and WEEE is likely to add a renewed dynamism to non-halogenated flame retardants market in the years ahead. Industry players have been increasingly investing in research activities to broaden the product portfolio. Some of the key participants include Nabaltec, BASF Albermarle, Israel Chemicals, Chemtura, Clariant, and Italmatch Chemicals, and Huber.

 

About Global Market Insights


Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology

Contact Us


Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: [email protected]

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Bitumen Market will experience considerable growth up to 2025

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Bitumen Market Research Report’. in this report, analysts have provided a detailed evaluation of the global Bitumen market. the report is inclusive of a completely comprehensive study of the Bitumen market alongside all... Read More

Fluorspar Market Growth Between 2019 to 2024 - By Type, Raw Material, Application, Companies, Region-Forecasts

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Fluorspar Market Research Report’. in this report, analysts have provided a detailed evaluation of the global fluorspar market. the report is inclusive of a completely comprehensive study of the fluorspar market alongsi... Read More

Phosphate Rock Market: What are the main applications and challenges?

Published Date: 2019-11-12         Author: Ronak Bora

The research study on ‘Modest recovery in Global Phosphate Rock Market’ is inclusive of a detailed summary of this industry. A highly focused approach on the subjective research has been undertaken, with the description of product scope and elaborate industry insights and outlook until 2... Read More

© 2019 Fractovia. All Rights Reserved