Halogen Free Flame Retardants Market

The global halogen-free flame retardants market was valued at USD 2,191.95 million in 2017. The market is projected to reach USD 3,067.05 million by the end of the forecast period at a CAGR of 5.76%. In terms of volume, the global market was sized at 1,458.31 thousand tons in 2017 and is anticipated to grow at a CAGR of 4.85% during the forecast period. The global halogen-free flame retardants market is prominently influenced by many market-driven factors such as the robust demand for flame retardants in the building and construction industry and rising demand in the electrical and electronics industry. Apart from these factors, stringent regulations against the use of halogenated flame retardants and the rising use of non-halogenated flame retardants in emerging economies in Asia-Pacific due to the growing end-use industries in the region is projected to trigger the growth of the global halogenfree flame retardants market.

The building and construction industry uses vast quantities of polymers in the form of plastics, composites, foams, textiles, and paints and coatings, among others. Plastics are present in profiles, cables, films, and sheets due to their high durability, corrosion resistance, and easy cleaning and repair characteristics. Textiles such as curtains, draperies, upholstery, and carpets which are an integral part of the home furnishing industry also pose high fire risks as they are highly flammable in nature and tend to drip. Halogenfree flame retardants are used in these building materials and products to meet important fire safety standards and building codes. These flame retardants help prevent or slow the spread of fire and provide critical escape time. As a result, the building and construction segment accounted for the largest market share of 42.15% in 2017 and is slated to exhibit significant growth during the forecast period. The segment was valued at USD 923.91 million in 2017 and is expected to reach USD 1,320.45 million by the end of 2023. In terms of volume, the segment was sized at 635.96 thousand tons in 2017 and is expected to reach 862.78 thousand tons by the end of 2023.

For the purpose of this report, the global halogen-free flame retardants market has been segmented by type, resin type, end-use industry, and region. Based on type, the halogen-free flame retardants market has been segmented into aluminum trihydrate, phosphorous-based, magnesium hydroxide, and others. The aluminum trihydrate segment accounted for the largest market share of 45.34% in 2017 with a market value of USD 993.83 million. In terms of volume, the segment was sized at 984.69 thousand tons in 2017 and is expected to reach 1339.02 thousand tons by the end of 2023. The segment is anticipated to dominate during the forecast period due to the low cost of the product in comparison to other halogen-free flame retardants.

The polyethylene segment accounted for the largest share of the halogen-free flame retardants market, by resin type. The segment was valued at USD 533.99 million in 2017 and is expected to reach USD 775.98 million by the end of 2023. The polyethylene segment was followed by the polypropylene segment which accounted for 20.16% of the total market in 2017. The polypropylene segment was valued at USD 441.94 million in 2017 and is expected to reach USD 629.86 million by the end of 2023.

Asia-Pacific is expected to be the fastest-growing and largest market, accounting for 47.11% of the overall market in 2017. This can be attributed to the aggressive growth of the end-use industries such as building and construction, electrical and electronics, transportation, and consumer goods in the region. The market is expected to reach USD 1,465.06 million by the end of 2023.