About Halogen-Free Flame Retardants
Halogen-free flame retardants are a class of chemical compounds or materials designed to impede or slow down the combustion of materials without containing halogen elements, such as chlorine or bromine. Traditional flame retardants often include halogens but concerns about their potential environmental and health effects have spurred the development and increased utilization of halogen-free options The Halogen-Free Flame Retardants market is thriving due to a growing emphasis on environmental sustainability and health considerations, with these flame retardants emerging as a safer option by eliminating halogen elements like chlorine or bromine. Market growth is further accelerated by regulatory mandates that encourage the adoption of environmentally friendly products. Increased awareness of the potential risks associated with traditional halogenated flame retardants has resulted in a surge in demand for halogen-free alternatives. Nevertheless, the industry faces challenges related to the continuous need for innovation to improve the efficacy of these alternatives
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.6% |
The halogen-free flame-retardant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Halogen-Free Flame Retardants market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Clariant AG (Switzerland), Lanxess AG (Germany), Israel Chemical Ltd (Israel), Nabaltec AG (Germany), BASF SE (Germany), Italmatch Chemicals s.p.a.(Italy), Dupont De Nemours Inc. (United States), RPT Company (United States) and Huber Engineered Material (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Celanese (United States), Israel Chemicals Limited (ICL) (Israel), Albemarle (United States), Nabaltech (Germany), Chemtura (United States), Akzo Nobel (Netherland), Dow Corning (United States) and Mitsubishi Engineering Plastics (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Halogen-Free Flame Retardants market by Type (Aluminum Hydroxide, Organo-Phosphorus and Other), Application (Polyolefins, Epoxy Resin, Unsaturated Polyester, Polyvinyl Chloride, Rubber, Engineered Thermoplastic, Styrenics and Other) and Region.
On the basis of geography, the market of Halogen-Free Flame Retardants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User Industry, the sub-segment i.e. Electrical and Electronics will boost the Halogen-Free Flame Retardants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in research and development activities focusing on novel formulations
Market Growth Drivers:
Growing emphasis on environmental sustainability and health concerns and Regulatory mandates favoring environmentally friendly products
Challenges:
The industry faces the challenge of ensuring that consumer perceive halogen free retardants as not only enviromentally friendly but also ensuring safety
Restraints:
Need for continuous innovation to enhance the efficiency of halogen-free alternatives
Opportunities:
Expansion in applications, driven by the construction industry's adoption of fire-safe materials and Electronics sector's increasing demand for flame-retardant components
Market Leaders and their expansionary development strategies
In July 2022, BASF and THOR GmbH are pooling their expertise in non-halogenated flame-retardant additives to offer customers a holistic solution. This collaboration aims to improve the sustainability and performance of specific plastic compounds, ensuring they meet rigorous fire safety requirements. The joint effort reflects a commitment to providing comprehensive solutions in the realm of flame retardancy that prioritize both environmental considerations and performance enhancement for the benefit of end-users.
In June 2023, Avient Corporation is set to enhance it reSound BIO bio-based and reSound REC recycled contenThermoplastic Elastomer portfolios in June 2023 by introducing a novel selection of halogen-free flame-retardant grades. These new formulations will incorporate recycled and bio-based resin, further emphasizing the company's commitment to sustainable and environmentally conscious solutions in the thermoplastic elastomer sector.
Key Target Audience
Manufacturing, Research and Development, Research Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.