Market Overview:
Flame retardants are polymers that are added to other materials such as plastics, textiles and coatings to prevent or delay the further development of ignition. Halogen-Free Flame Retardants Market are non-halogenated retardants; hence they do not cause any adverse effect on the environment. Market Research Future (MRFR) has recently published a detailed report stating that the global halogen-free flame retardant market is registered to expand steadily at a CAGR of 5.76% during the forecast period of 2022-2030 and is anticipated to reach the valuation of USD 3067.05 Mn by the end of 2030 from USD 2191.95 Mn in 2017.
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Key Players:
The major players profiled by MRFR in the report on the global halogen-free flame retardant market are Clariant AG (Switzerland), J. M. Huber Corporation (the U.S.), Nabaltech AG (Germany), Celanese Corp. (the U.S.), Green chemicals SpA (Italy), Amfine Chemical Corporation (the U.S.), LANXESS (Germany), Israel Chemicals Limited (Israel), BASF SE (Germany), RTP Company (the U.S.), and Kisuma Chemicals B.V. (Netherlands).
Market Drivers and Restraints:
Increasing adoption of environment-friendly substances for production of flame retardants owing to the stringent regulatory laws imposed by the governments in various regions such as Restriction of Hazardous Substances (RoHS) and others are some of the primary factors that are driving the global halogen-free flame retardants market.
The high demand for halogen-free flame retardants in rapidly expanding industrial sectors such as electronics, construction, transportation and others are fueling the growth of the global halogen-free flame retardant market. However, high loading levels of halogen-free flame retardants are projected to be creating hindrance in the growth of the global halogen-free flame retardants market during the forecast period.
Market Segmentation:
The global halogen-free flame retardant market has been segmented on the basis of type, resin type and end-use industry. Based on type, the halogen-free flame retardant market is segmented into aluminum trihydrate, phosphorous-based, magnesium hydroxide and others. based on resin type, the halogen-free flame retardant market is segmented into polyethylene, polypropylene, epoxy, unsaturated polyesters, polyvinyl chloride, styrenics, engineered thermoplastics, rubber, and others. based on end-use industry, the halogen-free flame retardant market is segmented into building & construction, electrical & electronics, transportation, consumer goods and others.
Regional Analysis:
The global halogen-free flame retardant market spans across five major regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these, the halogen-free flame retardant market in the Asia Pacific region accounts for the major share in the global halogen-free flame retardant market due to the high demand for halogen-free flame retardants in the rapidly expanding electronics and electrical industry in the countries such as China, Japan, Taiwan and South Korea. Increasing construction activities in emerging economies like India and China are propelling the growth of the halogen-free flame retardant market in this region.
The Europe region is projected to be the second largest market for halogen-free flame retardants owing to the strict environmental policies and restriction on the use of hazardous chemicals in this region. the expansion of automotive industry in the Europe region is also projected to fuel the growth of the halogen-free flame retardant market in this region.
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Industry Updates:
In August 2018, nVent, one of the leading vendors of electrical connection and protection solutions, has announced the launch of nVent ERIFLEX's ready-to-install flexible wire replacement solution named IBS and IBSB Advanced. These advanced technology insulations provide high-resistance, halogen-free flame retardant thermoplastics.
In August 2018, Litrax, a Swiss company that provides advanced and environment-conscious nanotechnology for polymers, textile fibers and others, has recently introduced its new product 'L11'. It is a halogen-free flame retardant PA6 additive.
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The report "Halogen-Free Flame Retardants Market by Type (Aluminum Hydroxide, Organophosphorus), Application (Polyolefins, UPE, ETP, Styrenics), End-Use Industry (Electrical & Electronics, Construction, Transportation), Region - Global Forecasts to 2025" The halogen-free flame retardants market is projected to reach USD 6.2 billion by 2025, at a CAGR of 8.60% from USD 4.1 billion in 2020 .Browse 244 market data Tables and 59 Figures spread through 223 Pages and in-depth TOC on "Halogen-Free Flame Retardants Market by Type (Aluminum Hydroxide, Organophosphorus), Application (Polyolefins, UPE, ETP, Styrenics), End-Use Industry (Electrical & Electronics, Construction, Transportation), Region - Global Forecasts to 2025"Israel Chemicals Ltd. is the largest player in the halogen-free flame retardants market.
The company has four segments, namely, Industrial Products, Potash, Phosphate Solutions, and Innovative Agricultural Solutions.
Its well-established distribution network and brand value serve as an important factor for its future growth prospects.Clariant AG is also one of the largest companies in the halogen-free flame retardants market.
Its units are well managed in the following business areas-care chemicals, catalysis, and natural resources.
The company has a vast product line, catering to a wide range of industries.Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=32144405Electrical & electronics is estimated to be the largest end-use industry of the halogen-free flame retardants market during the forecast period.Rising manufacturing of wires & cables and the demand for high-quality consumer electronics will drive the market.
Electrical & electronic products generate heat during operations.
