The Global Market for Flame Retardant Chemicals Market is valued at $6.1 billion in 2014 and is expected to reach $14.32 billion by 2022 at a Compound Annual Growth Rate (CAGR) of 11.25%. The factors that drive the market include high demand from current & emerging applications, emerging economies and advancement in technology. Whereas increasing costs and strong government regulations are major restraints of the market. Construction and automotive industry and other major end-user industries of flame retardant chemicals are on a boom globally.
Flame Retardant Chemicals market is segmented by type, by product, by application, by end-user and by geography. Depending on the various types, market is segmented into Aluminum Hydroxide, Brominated Flame, Chlorinated and Organo Phosphorous. Based on the Products, it is segregated as Wood/Paper, Textiles, Plastics, Coatings/Paints and Decorations/Others. Based on the Applications, it is classified into Polystyrene, Polyolefins and Polyvinyl Chloride. Based on End-users, it is categorized as Acrylonitrile Butadiene Styrene, Polyethylene, Polycarbonates and Polypropylene. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific accounts the largest share in the market, followed by North-America.
The key players in the Flame Retardant Chemicals market include Akzo Nobel Polymer Chemicals LLC, Clariant AG, Martinswerk GmbH, DIC Corporation, Dover Chemical Corporation, Royal DSM NV, ICL Industrial Products, Supresta LLC, Synalloy Corporation and The Dow Chemical Company.
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