Non-Halogenated Flame Retardant Market Analysis and forecast with Rising Trends 2019–2027
Non-halogenated flame retardants are additives that do not include halogen and produce less smoke when discarded. Wires and cables, vehicles, circuit boards, electrical and electronic equipment, and textiles are all examples of industries where flame retardants are commonly utilised. Non-halogenated flame retardants are environmentally benign and do not pollute the environment when discarded.
According to coherent Market Insights, The global Non-Halogenated Flame Retardant Market is projected to surpass US$ 5.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.4% during the forecast period (2019 to 2027). Metal oxide-based, phosphorous-based, and nitrogen-based products are the three types of products that make up the market. Non-halogenated flame is used in a variety of applications, including polyolefin, epoxy resins, UPE, PVC, ETP, rubber, and styrenics. Non-halogenated flame retardants are widely used in construction, electrical and electronics, and automotive and transportation.
During the forecast period, environmental and health concerns about brominated and other flame retardants are projected to boost the market. In the future, increased regulations prohibiting the use of halogenated flame retardants will certainly present an opportunity. Europe is likely to be the market leader throughout the world. The Asia-Pacific area, on the other hand, is expected to develop at the quickest rate throughout the projected period.
Household fires are one of the leading causes of death in the United States. Because of severe fire safety rules, non-halogenated flame retardants are employed in construction materials and goods. Flame retardants are commonly utilised in structural insulation in buildings. Insulation is used in houses and other structures to keep the temperature comfortable while saving energy. Polystyrene foam boards and stiff polyurethane foam panels are the most common insulating materials. Non-halogenated flame retardants are also widely used in polyolefin foams. They’re employed in buildings, particularly in HVAC applications like sound insulation and pipe thermal insulation.
Non-halogenated flame retardants are being driven by various fire standards across the world. As environmental concerns about the usage of flame retardants have grown, non-halogenated flame retardant uses have increased dramatically. Non-halogenated flame retardants based on phosphorus are commonly employed in polyurethane foams, particularly in liquids. There are three types of flame retardants used in rigid PU foams: additive liquid flame retardants, reactive liquid flame retardants, and solid flame retardants.
The worldwide construction industry is expanding at a healthy pace, with the Asia-Pacific and Middle East & Africa regions seeing significant investment in the sector as a result of multiple market possibilities, as well as rising demand for residential housing and a growing population. During the forecast period, all of the aforementioned reasons are projected to fuel demand for non-halogenated flame retardant chemicals.
The growing use of plastic in the automotive sector is likely to boost non-halogenated flame retardant market development. Plastic offers good corrosion resistance, durability, and flexibility, and it also helps to lower the total weight of the vehicle, making it more fuel efficient. As a result, the increased use of plastic in vehicles will boost non-halogenated flame retardant market development throughout the forecast period.