Chemicals and Materials Global Flame Retardant Chemicals Market (2016-2024 | Page 10

forced government of various developed and developing countries
such as Japan, U.S., Germany and Australia to implement fire safety
regulations and lay out of safety standard.
Wide scale adoption of flame retardants chemicals by the end use
industries is envisioned to bolster the growth of global flame retardant
chemicals market. Further, rising construction activities in developing
countries and Western Europe is expected to positively impact the
growth of the global flame retardants chemicals market. Apart from
this, global flame retardant chemicals market is expected to witness
augmented demand from transportation and electronic industry.
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However, volatility in the price of raw material is anticipated to
dampen the growth of global flame retardant chemicals market.
Further, harmful effects to the human such as toxicity are anticipated
to restrain the development of flame retardant chemicals market
across the globe.
Key Players
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BASF SE
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