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 associated with their use. They can generate toxic and corrosive emissions during combustion. Hence, manufacturers are focusing on developing non-halogen based solutions that provide effective flame retardancy without compromising on safety. Non-halogenated flame retardants such as organophosphate and inorganic compounds are emerging as viable alternatives due to their low toxicity.

Segment Analysis

The global non-halogenated flame retardant market is segmented into aluminum hydroxide, phosphorous based, organic system, and others. The phosphorous based segment dominates the market and is expected to continue its dominance over the forecast period. This is because phosphorous based flame retardants are highly effective even at lower concentrations and provide excellent flame retardancy as compared to other substitutes.

Key Takeaways

The global non-halogenated flame retardant market is expected to witness high growth, exhibiting CAGR of 8.1% over the forecast period, due to increasing safety regulations regarding flame retardancy in electrical & electronic products.

Regional analysis

Asia Pacific dominates the global non-halogenated flame retardant market and is expected to continue its dominance over the forecast period. This is due to the rapid industrialization and urbanization in counties such as China and India. Strong presence of manufacturing industries such as automotive, construction and electrical & electronics in the region drives the market growth.

Key players

Key players operating in the non-halogenated flame retardant market are Clariant International Limited, Albemarle Corporation, Israel Chemical Limited, Italmatch Chemicals S.p.A, Chemtura Corporation, Nabaltec AG, FRX Polymer Inc, Huber Engineered Material, Amfine Chemical Corporation, and THOR Group Ltd.

The global non-halogenated flame retardant market size was valued at US$ 4.2 Mn in 2023 and is projected to reach ~US$ 9 Mn by 2030 expanding at a CAGR of 8.1% during the forecast period.

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