Halogen Free Flame Retardant Market Trend, Share, Growth, Size and Forecast 2030

Halogen Free Flame Retardant Market: Industry Prospective

The global Halogen Free Flame Retardant market was worth around USD 4,128.50 million in 2021 and is estimated to grow to about USD 6735.51 million by 2028, with a compound annual growth rate (CAGR) of approximately 8.50 percent over the forecast period. The report analyzes the Halogen Free Flame Retardant market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Halogen Free Flame Retardant market.

Request Free Sample

Halogen Free Flame Retardant Market: Overview

Flame retardants are mainly used in electric wire insulation in building and construction, as well as in transportation. Circuit boards, electronic casing, and cables and wire systems all use flame retardants. Strict fire safety standards in residential and commercial buildings are driving the demand for halogen-free flame retardants. This shift toward more environmentally friendly alternatives will increase demand for halogen-free flame retardants, driving the market growth.

Flame retardants are most commonly used in electric wire insulation in building and construction, as well as transportation. Flame retardants are used in circuit boards, electronic casing, and cable and wire systems. Strict fire safety standards to reduce the spread of fires in residential and commercial buildings are driving the demand for halogen-free flame retardants. The increasing number of residential and commercial establishments has increased the likelihood of explosions and fire-related accidents. As a result, several countries in North America and Europe have imposed stringent fire safety regulations and protocols. As a result of this, the use of flame retardants in buildings has increased in order to meet government regulations.

COVID-19 Impact:

Nothing is more difficult than reviving a company after a long period of decline. Not only individuals but also businesses have suffered major setbacks as a result of the covid epidemic. Every business's setback, no matter how great or minor, must be addressed. This would necessitate not only time but also competent guidance.

The COVID-19 pandemic has hampered the growth of the halogen-free flame retardants market, and the market is projected to contract in the next years. Millions of people were quarantined by the authorities, putting a halt to all supply networks. The travel bans and curfews enforced in most of China's main cities have curtailed the country's oil production. Due to supply chain disruptions and personnel shortages, significant construction projects have been put on hold.

Request Free Sample

Halogen Free Flame Retardant Market: Growth Drivers

Drivers:

The growing use of halogen-free flame retardants in applications such as polyolefins and epoxy resins is expected to drive the global halogen-free flame retardant market. Growing demand for halogen-free flame retardants from unsaturated polyesters (UPE) and polyvinyl chloride (PVC) applications is expected to drive the global halogen-free flame retardant market growth.

Restraint:

Stringent rules against the use of harmful halogenated flame retardants are driving the market for halogen-free flame retardants. However, the market is projected to be restrained by inferior performance than halogenated flame retardants.

Opportunities:

Due to numerous regulatory laws, there is a growing demand for environmentally friendly flame retardants. Increased investment in the construction sector in emerging economies, combined with rapid growth in the electronics industry, is likely to give sufficient prospects for worldwide market players. These are some of the other variables that are expected to boost worldwide market expansion.

Challenges:

The high loading levels of mineral-based flame retardants and the easy availability of alternate products may act as a key restraint on the growth of the halogen-free flame retardant market in the forecast period, whereas the lower performance of these retardants when compared to halogenated flame retardants may pose a challenge to the market's growth in the forecast period.

Global Halogen Free Flame Retardant Market: Segmentation

The global Halogen Free Flame Retardant market is segregated based on Type, application and end-use industry.

Based on type, the market is segmented into Aluminum hydroxide, Organophosphorus and Others. For its ease of availability, low cost, and widespread use in a variety of end-use industries, aluminum hydroxide is expected to account for a significant revenue share in the global halogen-free flame retardant market. The aluminum hydroxide segment's revenue is expected to grow at the fastest rate.

By application, the market is segmented into Polyolefins, Epoxy resin, Unsaturated polyester, Polyvinyl chloride, Rubber, Engineered thermoplastic, Styrenics and Others. The polyolefins application segment is expected to have the highest revenue share in the global halogen-free flame retardant market. Polyolefins are a type of polymer that is widely used and has a wide range of applications in a variety of industries. Polypropylene and polyethylene are becoming more popular in a variety of consumer-oriented industries. Polypropylene and polyethylene are the most commonly used polymers. The polyolefins segment's revenue is expected to grow at the fastest rate.

Report Scope:

Recent Developments

• Clariant AG collaborated with Floreon to broaden the market for its high-performance biopolymer applications. The companies will collaborate on a variety of additives, including stabilisers, flame retardants, and surface aids.

Regional Landscape

In terms of value, North America is expected to account for the largest market share in halogen-free flame retardants during the forecast period. The market in this region is defined by the increasing use of halogen-free flame retardants, which is being driven by stringent regulations and consumer awareness. Environmental regulations that are becoming more stringent, as well as tough standards set by other regulatory bodies, make North America a strong market for halogen-free flame retardant manufacturers.

The Asia Pacific market is expected to contribute a modest revenue share to the global halogen-free flame retardant market. Due to rapid growth in the construction, paint and coatings, automotive, and transportation industries, the Asia Pacific halogen-free flame retardant market is expected to grow at the fastest rate.

Competitive Landscape

Some of the main competitors dominating the global Halogen Free Flame Retardant market include – Clariantz AG (Switzerland), Lanxess AG (Germany), Israel Chemicals Ltd. (Israel), Nabaltec AG (Germany), BASF SE (Germany), Italmatch Chemicals s.p.a.(Italy), Dupont De Nemours Inc. (US), RPT Company (US) and Huber Engineered Materials (US) among others.

Global Halogen Free Flame Retardant market is segmented as follows:

By Type

• Aluminum hydroxide
• Organophosphorus
• Others

By Application

• Polyolefins
• Epoxy resin
• Unsaturated polyester
• Polyvinyl chloride
• Rubber
• Engineered thermoplastic
• Styrenics
• Others

By End-use industry

• Electrical & electronics
• Building & construction
• Transportation
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa