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Development of halogen-free flame retardant market


Release time:

Aug 24,2021

[Summary]In 2016, the global halogen-free flame retardant market size exceeded US $0.3 billion, and is expected to exceed US $6.9 billion by 2024. The global halogen-free flame retardant market is expected to grow at a compound annual growth rate of more than 8% from 2017 to 2024. In terms of total volume, the demand for halogen-free flame retardants is expected to reach about 300000 tons in 2024, and the compound annual growth rate during the forecast period will exceed 7%. Some key factors to promote market growth include end-user industries for fire safety products. Awareness, increased use of plastics in many industries, and regulations for the use of halogenated flame retardants led by regulatory agencies.

Global in 2016halogen-free flame retardantWith a market size of more than US $0.3 billion and expected to exceed US $6.9 billion by 2024, the global halogen-free flame retardant market is expected to grow at a compound annual growth rate. Growth of more than 8% in 2017-2024. In terms of total volume, the demand for halogen-free flame retardants is expected to reach about 300000 tons in 2024, and the compound annual growth rate during the forecast period will exceed 7%. Some key factors to promote market growth include end-user industries for fire safety products. Awareness, increased use of plastics in many industries, and regulations for the use of halogenated flame retardants led by regulatory agencies.

The end-user industry is replacing various metal materials with plastic parts to reduce overall weight and cost. However, compared with metal parts, plastic materials are more likely to catch fire. Therefore, halogen-free flame retardants are widely used in the manufacture of these plastic materials and are used in manufacturing. In the end-user industry field, the construction and construction industry dominates the global halogen-free flame retardant market. Flame retardants are mainly used in various building materials to increase the resistance of the material before it catches fire, reduce the burning speed of the material, and minimize the degree of combustion.

Flame retardants are mainly used in structural components of cables, wires and building materials. It is estimated that by 2024, the global construction industry will exceed US $11 trillion with a compound annual growth rate of 5%, of which China, India and the United States will account for nearly 50% of the global growth. In terms of application types, polyolefins occupy a leading position in the halogen-free flame retardant market.

Polyolefin is a widely used polymer material, which is widely used in all walks of life, which greatly increases its demand. The wide application of polyolefin in wire and cable, roofing, auto parts and other fields is expected to drive the development of halogen-free flame retardant market. Polyethylene and polypropylene also have fire resistance. Therefore, these polymers are widely used in packaging, circuit boards, wires and cables and other fields.


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