Non-Halogenated Flame Retardant Chemicals Market size is forecast to reach $2.18 billion by 2025, after growing at a CAGR of 6.2% during 2020-2025. The Non-Halogenated Flame Retardant Chemicals market is driven by increasing consumer demand for electrical & electronic products across the world.
Non-Halogenated Flame Retardant Chemicals Market size is forecast to reach $2.18 billion by 2025, after growing at a CAGR of 6.2% during 2020-2025. The Non-Halogenated Flame Retardant Chemicals market is driven by increasing consumer demand for electrical & electronic products across the world. Moreover, increasing epoxy resin demand utilized for high quality coatings coupled with rapid industrial growth will propel the industry.
Key Takeaways
Europe dominates the Non-Halogenated Flame Retardant Chemicals market owing to presence of end use industries such as automotive industry, aerospace industry and others.
Non-halogenated flame retardants are based on the elements phosphorus and nitrogen. The halogenated compound flame retardants containing phosphorus are commonly used in engineering plastics, polyurethane foams, thermosets, coatings, and textiles used in industrial and engineering.
During the forecast period environmental and health concerns regarding brominated and other flame retardants are also expected to drive the non-halogenated flame retardant chemicals market.
The growing popularity of green chromatography and the increasing use of chromatography techniques in proteomics, genomics and metabolomics medicines are expected to produce new prospects for further expansion of the demand for chromatographic reagents.
Type - Segment Analysis
Aluminum hydroxide held the largest share in the Non-Halogenated Flame Retardant Chemicals market in 2019. Aluminum hydroxide is widely used fillet in rubber, FRPs and polymers. It is an excellent smoke suppressant and is extremely affordable. Aluminum hydroxide (ATH) has been widely used in flammable polymer materials due to its low cost, strong smoke suppression effect and eco-friendliness in nature. Aluminum hydroxide filling reduces the concentration of combustible polymer. The concentration of combustible gas and oxygen dissolved by water vapor emitted when aluminum hydroxide is dehydrated prevents combustion. In addition, advanced aluminum hydroxide such as nano-aluminum hydroxide which improves the limited oxygen index and flame retardancy of flame-retardant polymers, but also helps to improve the surface finish, mechanical and electrical properties of polymer products, and enhance their resistance to leakage, arcing and wear.
Application - Segment Analysis
Polyolefin has been the primary market for Non-Halogenated Flame Retardant Chemicals in 2019 growing at a CAGR of XX%. The growth is attributed due to its usage in construction, transportation and electrical industries. Moreover, non-halogenated flame retardants find major applications in polyolefin foams. They are used in buildings, primarily in the HVAC applications, such as sound insulation and thermal insulation for pipes. Halogen free polyolefin include PP, LDPE, PE, LLDPE, EVA and MDPE. The other major insulation material includes polystyrene foam boards, rigid polyurethane foam panels and ammonium polyphosphate. Ammonium polyphosphate is a polymeric flame retardant material. Ammonium polyphosphate compounds are primarily used in intumescent coatings but are also effective in rigid and flexible polyurethane foams and injection moulded polyolefins, in formulations for unsaturated polyesters, phenolics, epoxies and coatings for textiles.
End Use – Segment Analysis
Building and Construction Industry holds the largest share in the end use industry in 2019 growing at a CAGR of 8.4%. Household fires are among the main causes of human life loss. In construction materials and products, non-halogenated flame retardants are used mainly due to strict fire safety regulations. Flame retardants are used primarily in structural insulation in houses. Insulations are used in homes and other buildings, in order to maintain comfortable temperature, while conserving energy. Globally, the demand for non-halogenated flame retardants is powered by complex fire requirements. With the growing environmental issues associated with the use of flame retardants, the demands for non-halogenated flame retardants have been substantially growing. The global construction industry will rise at a healthy pace in forecast period, where the Asia-Pacific and Middle East & African regions are experiencing massive investments in the construction sector due to the various business opportunities available in these markets, along with increasing demand for residential homes and growing population. Prior to COVID-19 pandemic there was prediction that there would be acceleration in construction industry. There will be a lingering and heavy impact on private investment owing to the financial toll that was inflicted upon businesses and investors across a wide range of sectors because of COVID-19 pandemic. At the end of 2020 and in initial phase of 2021 the construction sector will return to normalcy in terms of economic activity.
Building and Construction Industry holds the largest share in the end use industry in 2019 growing at a CAGR of 8.4%. Household fires are among the main causes of human life loss. In construction materials and products, non-halogenated flame retardants are used mainly due to strict fire safety regulations. Flame retardants are used primarily in structural insulation in houses. Insulations are used in homes and other buildings, in order to maintain comfortable temperature, while conserving energy. Globally, the demand for non-halogenated flame retardants is powered by complex fire requirements. With the growing environmental issues associated with the use of flame retardants, the demands for non-halogenated flame retardants have been substantially growing. The global construction industry will rise at a healthy pace in forecast period, where the Asia-Pacific and Middle East & African regions are experiencing massive investments in the construction sector due to the various business opportunities available in these markets, along with increasing demand for residential homes and growing population. Prior to COVID-19 pandemic there was prediction that there would be acceleration in construction industry. There will be a lingering and heavy impact on private investment owing to the financial toll that was inflicted upon businesses and investors across a wide range of sectors because of COVID-19 pandemic. At the end of 2020 and in initial phase of 2021 the construction sector will return to normalcy in terms of economic activity.
Geography - Segment Analysis
Europe dominated the Non-Halogenated Flame Retardant Chemicals market with a share of more than 40%, followed by North America and APAC. The growth of non-halogenated flame retardant chemicals in Europe is attributed due to strong automotive, construction and electrical and electronics industry. The German electronic industry is the Europe’s prominent industry. The electrical and electronics industry accounted for more than 10% of the total German industrial production and about 3% of the country’s gross domestic product (GDP). Moreover, the electrical and electronics industry accounted for around 23% of the entire FDI of the country. The Europe is one of the biggest motor vehicle manufacturers in the world and the industry represents the largest private investor in R&D. The presence of huge automotive manufacturing base in the European Union has largely contributed to Europe's prosperity. According to European Commission 80% of the growth in the sector is expected to occur outside the European Union. The growth in the European automotive industry will similarly augment the growth of non-halogenated flame retardant chemicals market.
Drivers – Non-Halogenated Flame Retardant Chemicals Market
Rapid growth in infrastructure in emerging economies.
Flame retardant chemicals play a significant role in infrastructure to protect it from fire hazards. The rapidly rising demand for infrastructure investment from the emerging economies, combined with a substantial gap in bank funding, has created a huge need for institutional capital. Investment demand in the infrastructure of emerging markets is projected to hit $19.2 trillion over the 20 years, with Asia alone needing $15.8 trillion, according to a study published by the Public-Private Infrastructure Advisory Facility and the World Bank Group.
Challenges – Non-Halogenated Flame Retardant Chemicals Market
Impact on environment can hamper the market.
Halogenated flame retardant are highly toxic in nature and also produce harmful gases/fumes on exposure to fire. Halogenated compounds with aromatic rings can degrade into dioxin derivatives, particularly when heated, such as during production, a fire, recycling, or exposure to sun. As they are bio accumulated in plants, water supplies, and living beings, these halogenated flame retardants and some of their derivatives often pose a threat to the ecosystem.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Non-Halogenated Flame Retardant Chemicals market. In 2019, the market of non-halogenated flame retardant chemicals has been consolidated by the top five players accounting for xx% of the share. Major players in the Non-Halogenated Flame Retardant Chemicals Market are Nabaltec AG, Huber Engineered Materials, BASF SE, and ICL, among others.
Acquisitions/Technology Launches
In July 2017, Clariant launched on-halogenated flame retardant Exolit 855. Exolit 855 can be used in environments with strict flammability requirements, such as public buildings, buying critical evacuation time for occupants in the event of a fire.
