LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global halogen-free flame retardant chemicals market is projected to grow to 2,234.4 thousand metric tons by 2021, at a CAGR of more than 8% over the forecast period.
This research report titled ‘Global Halogen-free Flame Retardant Chemicals Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
Halogen-free flame retardant chemicals are used to reduce the impact of fire without emitting toxic gases that have adverse effects on people and the environment. The rising use of plastics in the packaging, construction, electrical and electronics, and automotive industries is directly impacting the halogen-free flame retardant chemicals market.
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Based on end-user, the report categorizes the global halogen-free flame retardant chemicals market into the following segments:
- Building and construction industry
- Electrical and electronics industry
- Wires and cables industry
- Transportation industry
- Textile industry
- Other industries
The top three revenue-generating end-user segments in the global halogen-free flame retardant chemicals market are discussed below:
Building and construction industry
“The building and construction industry has carved out a place in the halogen-free retardant chemicals market, and generates over 28% of the overall revenue. This market segment uses flame retardant materials for structural insulation and in structural elements,” says Mahitha Mallishetty, a lead analyst at Technavio for specialty chemicals research.
Various kinds of plastics are being increasingly adopted in the building and construction industry due to their high durability, high strength, and ease of cleaning and repairing. Halogen-free flame retardants are being increasingly adopted in the segment to ensure fire safety of these plastics.
Electrical and electronics industry
The electrical and electronics industry is the second largest segment of the halogen-free flame retardant chemicals market, projected to reach 494.2 thousand metric tons by 2021. The halogen-free heat retardant materials are mainly used in consumer electronics, communication and information technology equipment, electrical appliances, and electrical parts.
Fire retardant materials are also crucial in circuit boards, electrical connectors, and electrical cabinets and enclosures, where it is crucial to ensure fire safety. The increase in the use of electrical and electronic equipment with modernized lifestyle will fuel the market growth of halogen-free flame retardant chemicals during the forecast period.
Wires and cables industry
“The wires and cables industry is a key end-user of the halogen-free chemicals market, where ensuring fire safety is extremely essential. Phosphorus-based halogen-free flame retardants are widely used in this segment to retard flame in cables made of PVC,” says Mahitha.
Aluminum hydroxide, zinc borate, and magnesium hydroxide are mainly used in wires and cables made of polyolefins. The use of fire retardant materials in wires and cables is highly dependent on the physical and electrical properties of the final insulation material.
The top vendors highlighted by Technavio’s research analysts in this report are:
- J. M. Huber
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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