Flame Retardants Market size by Type and Applications - AMR Flame Retardants Market | Page 2
Introduction to Flame Retardants Market
• Flame Retardants Market Report, published by Allied Market Research, projects that the global market is estimated to reach $ 10,212 million by 2022, growing at a CAGR of 6.6 % from 2016 to 2022.
• The epoxy resins segment held nearly one-fourth of the total market in 2015.
• At present, the global flame retardants market witnesses vivid opportunities due to the increase in demand for flame retardant chemicals in a wide number of end use industries.
• Flame retardants such as polyolefin nanocomposites find major use in the automotive industry and other end user industries such as packaging, building and construction, appliances, electrical and electronics, tools and sporting equipment.
• Flammable plastic materials are used in abundance in modern vehicles, foams, cables, textiles, polymer formulations for electronic applications as well as in mechanical parts.
• This pose a high range of fire risk. Hence, flame retardants are added to these materials to halt fires in mechanical, structural, and decorative components, such as electrical short circuits, mechanical faults, and overheating.
Introduction to Flame Retardants Market
• Flame Retardants Market Report, published by Allied Market Research, projects that the global market is estimated to reach $ 10,212 million by 2022, growing at a CAGR of 6.6 % from 2016 to 2022.
• The epoxy resins segment held nearly one-fourth of the total market in 2015.
• At present, the global flame retardants market witnesses vivid opportunities due to the increase in demand for flame retardant chemicals in a wide number of end use industries.
• Flame retardants such as polyolefin nanocomposites find major use in the automotive industry and other end user industries such as packaging, building and construction, appliances, electrical and electronics, tools and sporting equipment.
• Flammable plastic materials are used in abundance in modern vehicles, foams, cables, textiles, polymer formulations for electronic applications as well as in mechanical parts.
• This pose a high range of fire risk. Hence, flame retardants are added to these materials to halt fires in mechanical, structural, and decorative components, such as electrical short circuits, mechanical faults, and overheating.