Halogen-Free Flame Retardants Market Growth Analysis | 2023-2028

Market Insights

The halogen-free flame retardants market was estimated at USD 4.29 billion in 2022 and is likely to grow at a CAGR of 8.52% during 2023-2028 to reach USD 7 billion in 2028.

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Market Dynamics

Introduction

Halogen-free flame retardants are substances or additives used in various materials to reduce their flammability and improve fire safety. Unlike traditional flame retardants that contain halogens (such as bromine and chlorine), halogen-free alternatives do not contain these elements. The use of halogen-containing flame retardants has raised concerns due to their potential environmental and health impacts. When materials containing halogens burn, they can release toxic gases, such as dioxins and furans, which are harmful to human health and the environment. Halogen-free flame retardants aim to address these concerns by offering alternative solutions that are considered safer and more environmentally friendly.

Market Drivers

Growing demand for halogen-free flame retardants from unsaturated polyesters (UPE) and polyvinyl chloride (PVC) applications is among the factors projected to drive the global market growth.

The halogen-free flame retardant market is driven mainly by stringent regulations against the use of toxic halogenated flame retardants. However, lower performance than halogenated flame retardants is expected to restrain market growth.

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Key Players

The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the halogen-free flame retardants market. Most of the major players are providing complete profile systems including profile seals.

• BASF SE
• Dongying Jingdong Chemicals Co., Ltd.
• Dupont De Nemours Inc.
• Huber Engineered Materials
• Israel Chemical Ltd.
• Italmatch Chemical s.p.a
• Kissuma Chemicals
• Lanxess AG
• Nabaltec AG
• RPT Company

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Type

The halogen-free flame retardants market is segmented into aluminum hydroxide, organophosphorus, and others (zinc borate, magnesium hydroxide, nitrogen-based, and boro-based flame retardants). The aluminum hydroxide segment is expected to register a major revenue share in the global market, owing to its easy availability, low cost, and high usage in various end-use industries. The revenue of the aluminum hydroxide segment is projected to register the highest CAGR.

By Application Type

The market is segmented into polyolefins, epoxy resins, unsaturated polyester, polyvinyl chloride, rubber, engineered thermoplastics, styrenics, and others. The polyolefins segment is projected to register a significant revenue share in the global market. Polyolefins are widely utilized polymers and offer a wide range of applications across various industries. The adoption of polypropylene and polyethylene is increasing in multiple consumer-centric industries. Polypropylene and polyethylene are the most widely utilized polymers. The revenue of the polyolefins segment is projected to register the highest CAGR.

Regional Insights

Asia-Pacific leads the halogen-free flame retardant market because of the large market share of China along with the rapid industrialization within this region. Europe is expected to expand at a significant growth rate over the forecast period due to rapid technological advancements coupled with the increasing application scope of flame retardants within this particular region.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s halogen-free flame retardant market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The halogen-free flame retardants market is segmented into the following categories:

By Type

• Aluminum Hydroxide
• Organophosphorus
• Others

By Application Type

• Polyolefins
• Epoxy Resins
• Unsaturated Polyester
• Polyvinyl Chloride
• Rubber
• Engineered Thermoplastic
• Styrenics
• Others

By End-Use Industry Type

• Electrical & Electronics
• Building & Construction
• Transportation
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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