Flame Retardants Market Overview
The report on the flame retardants market presents in-depth information regarding the Flame Retardants industry. It offers and covers the essential parameters that include multiple terms. The report’s critical overview provides the parameters that include Challenges, charges, capacity, share, size, marketplace expanding, and technological innovations. The market overview also presents the opportunities and critical vendors and key players.
Flame retardants are materials used to add the compounds such as textiles, plastics, and coatings to prevent the ignition of fires. This is also used during polymerization, molding, and extrusion.
The continuous and ongoing covid pandemic impacts the functioning of multiple industries and regions. It offers a harmful impact on people and private and government organizations. The covid 19 pandemic teaches the market to identify the supply and demand chain gap. The covid 19 report also helps you analyze the value of the Flame Retardants Market demand insights.
The flame retardants industry is categorized into two forms, namely — halogenated and non-halogenated flame retardants. But simultaneously offers some severe climatic, environmental, and health issues. Most countries like the Environmental Protection Agency (EPA), the European Union, and the US banned most halogenated flame retardants. These flame retardants are widely used in diverse end-use market applications and have gained prominent attention due to the growing flame retardant demand.
Market Segmentation
The global flame retardants market has multiple fields. The market is segmented based on the application, region, type, and resin.
Segmentation based on the type:
Based on the type, the flame retardants market forecast is segmented into halogenated and non-halogenated flame retardants.
Segmentation based on resin:
The flame retardants market share is segmented into polypropylene, polyethylene, unsaturated polyesters, styrene, rubber, epoxy, and polyvinyl chloride-based on the resin.
Segmentation based on the analysis:
The global flame market retardants the broad range of applications based upon the multiple segments. The market has segmented into the electrical and electronics, transportation and textiles, and electronics industry.
Regional Analysis
The Asian Pacific market holds the largest market share due to consumer electronics and automobile industries. The emerging countries that affect the market grew as a good rise in India, China, and Indonesia. The Asian Pacific market owns the largest market share, up to USD 4000 million, having a CAGR of 7.5% during the continuous period. After that, the European region is the second-largest market due to the construction. The European market has registered moderate growth with a CAGR of around 5.5% between 2019 to 2025.
Industry News
May 2021- J.M. Huber Corp, an Atlanta-based firm, has announced a definitive agreement with RHI Magnesita (RHIM) to acquire their 50% ownership stake in Magnifin Magnesiaprodukte GmbH Co. KG. The deal will be finished in the second half of 2021, anticipating regulatory approvals.
Huber had initially finished the acquisition of over 50% ownership interest in Magnifin as a fraction of the purchase of the Martinswerk operation from Albemarle in 2016.
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