Overview of the Global Flame Retardants Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Global Flame Retardants Market By Type (Alumina Trihydrate, Brominated Flame Retardants, Antimony Trioxide, Phosphorous Flame Retardants, Others), By Application (Unsaturated Polyester Resins, Epoxy Resins, PVC, Rubber, Polyolefins, Styrenics, Others), By End User Industry (Building & Construction, Automotive & Transportation, Electronic & Electrical, Others (Adhesives, Textiles, Aerospace, etc.)), and others, The Global Flame Retardants Market is expected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Global Flame Retardants Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-30

Historical Data: 2019-22

CAGR (2024-2030): 5.3%

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Global Flame Retardants Market Possible Restraint:

Rising Environmental & Health Concerns over the use of Flame Retardants - Flame retardants used in several materials can get into water & soil or leak from products into the air and come into contact with humans, which can cause severe health issues like thyroid disruption, cancer, reproductive toxicity, cancer, & neurologic dysfunction. Moreover, these stubborn pollutants can also bioaccumulate food chains and result in various health & environmental effects. These aspects are projected to act as major growth restraints for the Global Flame Retardants Market during 2024-30

A Comprehensive Analysis of Leading Companies of Flame Retardants Market by MarkNtel Advisors:

• Lanxess AG
• Albemarle Corporation
• Clariant International Ltd.
• Chemtura Corporation
• Israel Chemicals Limited (ICL)
• BASF SE
• LG Chem
• The Dow Chemical Company
• Italamtch Chemicals
• Nabaltech AG
• Huber Engineered Materials
• DuPont
• Hongboali Group Co. Ltd.
• Huntsman International LLC
• FRX Polymers, Inc.
• Akzo Nobel

Key Flame Retardants Market Segmentation:

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-By Type

• Alumina Trihydrate
• Brominated Flame Retardants
• Antimony Trioxide
• Phosphorous Flame Retardants

Of them all, brominated flame retardants held a significant share of the Global Flame Retardants Market in the previous years.

-By Application

• Unsaturated Polyester Resins
• Epoxy Resins
• PVC
• Rubber
• Polyolefins
• Styrenics

Here, Epoxy resins hold a prominent market share, owing to their extensive utilization in electronics & automotive industries for protecting various equipment like ICs (Integrated Circuits), transistors, & hybrid circuits from fire, which can be caused by short circuits.

-By End User Industry

• Building & Construction
• Automotive & Transportation
• Electronic & Electrical
• Others (Adhesives, Textiles, Aerospace, etc.)

Geographical Analysis

-By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia Pacific

Asia-Pacific holds the largest share of the Flame Retardants Market. It attributes to the burgeoning demand for flame retardants across automotive, electrical & electronics, and construction industries, stringent regulations regarding fire safety, as well as various ongoing infrastructure development projects in India, China, & Japan.

Key Reports Highlights:

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

• Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
• Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
• Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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