Home >> Business >> Flame Retardant Masterbatches Market Is Projected To Reach US$ 3,667.9 Mn By 2026 | Credence Research

Flame Retardant Masterbatches Market Is Projected To Reach US$ 3,667.9 Mn By 2026 | Credence Research

According to the latest report published by Credence Research, Inc. “Global Flame Retardant Masterbatches Market By Flame Retardant Type (Alumina Trihydrate ), By Application (Engineering Plastics, Rubber, Epoxy Resins, Polyvinyl Chloride (PVC), Others), By End-Use Industry (Automotive, Construction, Textile, Electronics, Aerospace, Paints & Coatings, Packaging, Others) – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the worldwide market for Flame Retardant Masterbatches was valued at US$ 1,625.2 million in 2017, with CAGR anticipated to expand by 9.6 percent from 2018 to 2026.

Browse the full report at “Flame Retardant Masterbatches Market

Market Insights

Demand for flame retardant masterbatches is motivated by solid development in the building and automotive sector in the main areas of North America, Europe and Asia-Pacific. The increasing building industry is one of the main variables that has resulted in the robust development of the market for flame retardants. The United States, Germany, China, Japan and India are the main nations driving the development of the worldwide construction industry. Flame retardant masterbatches, which are integrated with plastics, are widely used as construction materials and also comply with significant fire safety legislation. Furthermore, non-halogenated flame retardant chemicals are becoming more popular among end-users as they are environmentally friendly and are suggested by multiple regulatory authorities. Environmental regulations limited the use of halogenated flame retardants, such as brominated and chlorinated flame retardants, which encourage research and development of non-toxic flame retardants that can resist heat and flame with minimal environmental impact.

However, strict public regulations on the use of toxic flame retardants are one of the main variables slowing down the development of the industry. Brominated and chlorinated flame retardants are the two most preferred and commonly used flame retardants, as they are further used in a broad spectrum of consumer products such as pcs, televisions, motor vehicles, electronics, carpets and furniture. These flame retardants can trigger damaging impacts that can harm the body’s systems. When these flame retardants degrade, they also end up in household dust, where they are usually inhaled and ingested. Europe and North America limited the use of such chemicals and classified them as toxic pollutants under the Stockholm Convention of 2012. This trend could also be embraced in Asia-Pacific owing to increasing environmental concerns in the region. Restrictive legislation on the use of halogenated flame retardants is therefore a main factor in the development of the halogenated flame retardant masterbatches industry.

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The market for flame retardant masterbatches was segmented on the grounds of the flame retardant type, the application, the end-use sector and the region. Based on the flame retardant type, aluminum trihydrate accounted for a significant market share in 2017 and is anticipated to remain dominant throughout the forecast period. Demand for ATH was considerably high in developing economies such as China, India, Brazil and South Africa, among others. The reason for elevated demand is due to the elevated demand for thermoplastics, its low smoke characteristics and associated modifications in public regulations on the use of flame retardants. On the basis of the implementation, engineering plastics accounted for a significant market share in 2017. Flame retardant masterbatches based thermoplastics find extensive use in clothing, home furnishings, engineering domain owing to its good chemical stability and superior mechanical properties, thus contributing to its high growth. Further, based on end-use industry, the construction sector dominated the market in 2017, due to its high usage in this sector owing to properties such as providing rigid thermal insulation to buildings and other constructions, improving its strength for usage in ceilings, roofs, floors, foundation and walls, and providing superior structural integrity by insulating from heat.

Based on region, Asia Pacific dominated the market in 2017 with India, China and Japan spearheading the growth of the industry. Japan is one of the top three producers of automotive vehicles in the world. The automotive sector accounts for more than 90% of the total manufacturing industry in the country. Owing to the rising complexity of the vehicles comprising of more than 20,000 individual parts, the automotive industry in the country has evolved itself into integrated supply chain of companies as a result of which the growing network of automotive component suppliers has become an imperative part of the country’s economy, covering multiple industries such as chemicals and rubber among others.

Major players operating in the flame retardant masterbatches market include Akzonobel N.V., Albermarle Corporation, BASF S.E., Clariant S.E., Dover Corporation, Lanxess A.G., DowDupont Inc., Polyplast Muller GmbH, Ampacet Corporation and Cromex S.A. among others.

By Flame Retardant Type Segment (2016–2026; Kilo tons, US$ Mn)

  • Alumina Trihydrate
  • Brominated Flame Retardants
  • Antimony Trioxide
  • Phosphorous Flame Retardants
  • Others (zinc oxide, boron compounds, etc.)

By Application Segment (2016–2026; Kilo tons, US$ Mn)

  • Engineering Plastics
  • Rubber
  • Epoxy Resins
  • Polyvinyl Chloride (PVC)
  • Others (PET, polyolefin)

By End-use Industry Segment (2016–2026; Kilo tons, US$ Mn)

  • Automotive
  • Construction
  • Textile
  • Electronics
  • Aerospace
  • Paints & Coatings
  • Packaging
  • Others (transportation, consumer goods, etc.)

By Geography Segment (2016–2026; US$ Mn)

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America

Medium Blog: https://medium.com/@kumarganesh028/flame-retardant-masterbatches-market-is-projected-to-reach-us-3-667-9-d46960bbf02d

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