Flame retardants are additives that are used in polymers in order to enhance their fire resistance and prevent ignition and to slow down fire spread. Flame retardants are basically categorized into halogenated and non-halogenated. Out of which non-halogenated flame are gaining huge demand. Non-halogenated flame retardant is mainly mixed with production materials in order to suppress flame. Non-halogenated flame retardant lack halogens, enhance efficiency, ensure safety and these additives are also recyclable and release less smoke during disposal. Non-halogenated flame retardants are widely used across rubber, plastics, and textiles products. Out of which plastic is a major consumer of these additives. They have a less environmental impact and promote sustainability due to their benefits over the halogenated flame.
The global non-halogenated flame retardants market was estimated to be valued slightly lesser than US$ 3.0 billion in terms of revenue in 2018 and is predicted to grow at a CAGR of 6.4% during the forecast period (2019 to 2027).
Rising usage of plastics from electrical & electronics industry is expected to propel the market growth of non-halogenated flame retardants. Plastics are widely used across the electronic industry for manufacturing of connectors, switches, electronic housing components, wire & cable, switches, and printed circuit boards. Flame retardant is used in this product to safeguard fire due to overheating. This is expected to accelerate the market growth of non-halogenated flame retardants.
Growing usage of non-halogenated flame in the production of plastic sheet films is expected to provide lucrative growth opportunity to the market of non-halogenated flame. All these materials are widely used across transportation, construction, and electrical industries. Hence, the growing demand for polymers will favor market growth over the forecast period. Moreover, growing demand for epoxy resins which are widely used in paints &coating and adhesives is expected to augment the market growth.
Production of non-halogenated flame retardant involve high loading level such as magnesium hydroxide and the process is also complex. This is expected to hinder the market growth of non-halogenated flame retardant over the forecast timeframe. Moreover, red phosphorus is the most commonly used non-halogenated flame retardants. However, it has the drawback of color impartment to the polymer and this limit its applications, as it can be only used across that, require red or dark colors.
On the basis of application, polyolefin dominated the global non-halogenated flame retardants market in 2018 with around 23% of market share in terms of revenue, followed epoxy and rubber, respectively.
Increasing integration of nanotechnology in product development is projected to be a major trend in the market. Now non-halogenated flame retardants can be mixed with nanoclays, which reduce the negative impact on the performance of polymer additives and also, enhance the performance. Also, nanoclays enhance the mechanical properties of non-halogenated flame retardants and polymers. This is expected to fuel market growth.
Growing initiatives by major players to promote the non-halogenated flame retardant as a part of the smart strategy is expected to augment the market growth over the forecast period. For instance, in October 2019, Clariant, a provider of specialty chemicals, has to broaden its collaboration with engineering plastics division of Shinkong Synthetic Fibers Corp. to promote Clariant's non-halogenated flame retardants to a host of applications in China.
Key players operating in the global non-halogenated flame retardants market are Clariant International Limited, Albemarle Corporation, Israel Chemical Limited, Italmatch Chemicals S.p.A, Chemtura Corporation, Nabaltec AG, FRX Polymer Inc, Huber Engineered Material, Amfine Chemical Corporation, and THOR Group Ltd
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