Surging demand for polymers drives the global non-halogenated flame
retardants market. In addition to several components, polymers also
contain flame retardants in order to enhance their resistance to
fire. Flame retardants help in slowing down the spreading of fire.
However, the function of flame retardants is only restricted to
promoting fire resistance and lower heat generation since it does not
make polymers non-combustible.
The demand for flame retardants is propelled by extensive consumption
of polymers across numerous industry segments such as textiles,
construction, electronics, and transportation. In 2012, this market
was valued at US$1.26 billion. However, owing to greater regulatory
support in addition to high polymer demand, the global
non-halogenated flame retardants market is anticipated to grow at an
8.1% CAGR between 2012 and 2018 thereby reaching a market value worth
US$2.15 billion by 2018.
The global non-halogenated flame retardants market is characterized
by strict implementation of environmental and fire safety
regulations. Regulatory measures play a significant role in the
performance of the non-halogenated flame retardants market.
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What
Drives the Segment for Aluminum Hydroxide Non-halogenated Flame
Retardants?
The global non-halogenated flame retardants market is systematically
classified on the basis of product, end-use industries, application,
and geography. On the basis of product, this market is segmented into
phosphorus based non-halogenated flame retardants, aluminum hydroxide
(ATH), and others which include nitrogen and magnesium hydroxide.
Aluminum hydroxide is mostly applied in construction, automobiles,
and electrical appliances. In 2012, the market for aluminum hydroxide
held an about 70% of the market share owing to robust demand for the
same. Aluminum hydroxide non-halogenated flame retardant is very
inexpensive, which is why it is highly demanded in the market.
Based on end-use industries, the global non-halogenated flame
retardants market is classified into transportation, electrical
industry, and building and construction. The other industries include
furniture and textiles.
Electrical
Industry Segment to Witness Robust Growth
Some of the key end-use industries in the global
non-halogenated flame retardants market include
transportation, electrical, and construction. Since these industries
are susceptible to fire hazards, the demand for non-halogenated flame
retardants is quite high from these segments. It is anticipated that
substantial demand for non-halogenated flame retardants will come
from the electrical industry during the forecast period.
Application-wise, the non-halogenated flame retardants market is
categorized into styrenics, rubber, engineering thermoplastics (ETP),
PVC, polyolefin, unsaturated polyester (UPE), epoxy resins, and
others. The application segment for polyolefins holds the highest
share in the overall non-halogenated flame retardants market,
followed by the epoxy resins segment. The engineering thermoplastics
segment is anticipated to expand robustly during the forecast period.
This segment will grow at an 8.1% CAGR between 2012 and 2018.
Key
Role of Nanotechnology in Further Growth of the Market
On the basis of geography, the non-halogenated flame
retardants market is segmented into Asia Pacific, North America,
Europe, and Rest of the World. Owing to heightened environmental
concerns, the North America and Europe markets are characterized by
strict implementation of rules pertaining to the limited production
and lesser imports of goods containing halogenated flame retardants.
As a result, economies such as India, China, Indonesia, and Malaysia
will be affected since these economies export huge quantities of
finished goods containing flame retardant polymers to the U.S. and
Europe. This in turn will lead to the growth of the non-halogenated
flame retardants market in Asia Pacific.
The leading four companies operating in the global non-halogenated
flame retardants market collectively account for 40% of the total
share in the market. Few other prominent companies in this industry
are mainly engaged in the production of mineral based non-halogenated
flame retardants which are magnesium hydroxide and aluminum
hydroxide. Other prominent companies in the market include
Clariant International Ltd., BASF AG, Chemtura Corporation,
Italmatch, and more.
The introduction of nanotechnology in the area of product development
is expected to give a major boost to the global non-halogenated flame
retardants market in the years to come.
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