Global Flame Retardant Chemical Market Trends, Business strategy and Opportunities with Key Players Analysis 2021-Acute Market Reports: Acute Market Research Report
Published: DEC 2015 | No Of Pages: 140
BUY NOW
Product Synopsis
The global market of the flame retardant chemicals is expected to grow at a CAGR of 7.3 % during 2015-2021. Flame retardants are the chemicals that can be mixed with the base materials as additive flame retardants or can also be chemically bonded to it as reactive flame retardants. These chemicals are usually used to suppress, delay or inhibit the production of flames so that spread of fire can be prevented. These flame retardant chemicals are used in the manufacture of number of products across a number of industries such as building and construction, automotive and transportation industry, wires and cables and last but not the least textile industry. The major factors driving the market are the increasing regulations for safety in case of fire borne hazards, extensive use of flame retardant chemicals in various sectors such as furnishing, transportation, and electronic equipments. Continuous research and development is done in the field. As a result of which development of better quality of chemicals such as non-halogenated flame retardants are produced, and their market size is also increasing. Although, there are many factors which are driving the market but there are certain factors which act as a restraint for the market such as health concerns and stringent environmental regulations. Also, the
1