Chemicals and Materials Global Flame Retardant Chemicals Market (2016-2024 | Page 6

Global Flame Retardant Chemicals Market
Overview
Flame retardant chemicals are the additive to the combustible
products which reduces the impact of fire on people and property.
Flame retardant chemicals are mainly added in consumer and
commercial flammable products such as plastic and textile. Bromine,
nitrogen, phosphorus and chlorine are the most common flame
retardant chemicals used to treat potential flammable materials.
Flame retardant chemicals are utilized mostly in four major areas i.e.
electrical and electronics devices, building and construction materials,
furnishing and transportation.
Market Size and Forecast
Global flame retardant chemicals market is anticipated to flourish at a
CAGR of 6.7% over the forecast period. Further, the global flame
retardant market is expected to garner USD 15.6 Billion by the end of
2024. Rising demand from end use industries is likely to drive the
growth of the market during the forecast period. Apart from this,
government safety regulations are anticipated to impel the growth of
global flame retardant chemicals market.
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