Chemical

According to a market report by Lucintel, the future of the flame retardant chemical market looks promising with opportunities in the building & construction, transportation, electrical & electronic, textile, and furniture & furnishing sectors. The global flame retardant chemical market is expected to reach an estimated $7.3 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major drivers for this market are introduction of stringent fire safety rules and regulations by governments along with an increase in construction activities and growing demand for electronics gadgets.



In this market, technical grade and industrial grade are the two types of flame retardant chemical grades used by various end use industries. Lucintel forecasts that industrial grade will remain the larger grade segment over the forecast period due to the increasing usage in automotive seats, electric wires and cables, and building foam applications owing to its fire resistance and thermal insulation properties. 

Within this market, building & construction is expected to remain the end use industry segment with the highest growth due to rapid urbanization, increase in construction activities, and infrastructural development. 



APAC will remain the largest region due to growing construction activities and implementation of stringent regulations in the region.

BASF SE, LANXESS, ICL Group, Albemarle, and Akzo Nobel are the major suppliers in the global flame retardant chemical market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global flame retardant chemical market by material type, grade, substrate, application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Flame Retardant Chemical Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global flame retardant chemical market by material type, grade, substrate, application, end use industry, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global flame retardant chemical market by material type (polyvinyl chloride, epoxy, polyester, polyamide, thermoset resins, rubber, and others), grade (technical grade and industrial grade), substrate (plastics, wood, fiber, metal, and others), application (wires & cable, filler & fixtures, foams, seat covers, bumpers, interior components, upholstery, mattress, and others), end use industry (building & construction, transportation, electrical & electronics, textiles, furniture & furnishing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?