E-Textiles Are Fastest Growing Segment Fueling The Growth of Non-Halogenated Flame Retardant Market
The global Non-Halogenated Flame Retardant Market is estimated to be valued at US$ 4.2 Mn in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Non-halogenated flame retardants are chemicals that are used to fireproof textiles, plastics and other materials. They prevent or retard combustion without producing corrosive or toxic gases. Some common examples include aluminium trihydrate, magnesium hydroxide and organophosphate compounds. They provide effective flame retardancy while maintaining the appearance and performance characteristics of the treated material. Market Key Trends: One of the major trends in the non-halogenated flame retardant market is the shift towards safer alternatives to halogenated flame retardants. Stringent regulations are being imposed on the use of halogenated flame retardants due to increasing health and environmental concerns associate