A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Chlorinated
Flame Retardants
Market.
The study, titled “Chlorinated
Flame Retardants Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Chlorinated
flame retardants belong to a group of chemical compounds that are
used as additives to suppress fire in plastics and other products.
They are used to reduce the devastating effect of fire on environment
and people. Flame retardants suppress fire in two ways: either they
stop the process from starting or they gradually slow down the
chemical reaction. They are mixed or chemically bonded with the base
material. They do not modify the properties of the base material but
delay the burning process by intervening in the fire cycle and
hindering the chemical chain reaction. Increasing safety awareness
regarding fire-proof products has led to growth of the chlorinated
flame retardants market.
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Based
on chemistry, the market for chlorinated flame retardants can be
segmented into aromatic, aliphatic, and cycloaliphatic compounds.
Based on application, the market has been segmented into polyvinyl
chloride, polyefins, rubber, epoxy resins, and unsaturated
polyesters. Based on the end–use, the market can be segregated into
building & construction, electrical & electronics, textiles,
and automotive.
The
market for chlorinated flame retardants is anticipated to expand
moderately during the forecast period, owing to the increasing
awareness among consumers about fire-proof products. Another driver
for this market is stringent safety regulations regarding fire safety
across industries. However, stern government regulations regarding
some of the chlorinated flame retardants such as polychlorinated
biphenyl (PCB) are adversely affecting the market.
Among
chemistry segments, the aliphatic compounds segment held a
significant share of the market in 2015. The segment is projected to
expand at a moderate rate during the forecast period, owing to good
thermal stability of chlorinated aliphatic compounds. They are used
not only in polyefins and polyamides but also in the fabrics &
paints industry. Rising use of polyefins in roofing, cables, and
automotive products is likely to increase the demand for chlorinated
flame retardants in the next few years. The market for unsaturated
polyesters and polyvinyl chloride is expanding, due to their several
applications in industries such as building & construction,
automotive, and wires. A restraint for the chlorinated flame
retardants market is high toxic levels of these flame retardants,
which is the cause of bio-accumulation in plants and living beings.
Availability of alternatives such as non-halogenated flame retardants
are likely to hinder the growth of the market during the forecast
period. High cost and high loading levels are factors anticipated to
restrain the growth of the chlorinated flame retardants market during
the same period.
Asia
Pacific holds a significant share of the global chlorinated flame
retardants market. The region is projected to offer immense growth
potential for the market in the next few years. Increasing awareness
among consumers regarding fire-safe products and growth of end-use
industries in the region are estimated to drive the chlorinated flame
retardants market in Asia Pacific. Due to rapidly expanding
automotive and electronics industries in the region, demand for
chlorinated flame retardants is expected to rise. High investments in
the building & construction sector are likely to increase the
demand for chlorinated flame retardants in the developing economies
of Asia Pacific such as India and China. Asia Pacific is followed by
Europe and North America, owing to the increasing awareness among
consumers about fire-safe electronic products and the concern about
safety of human health and environment in the two regions. The
chlorinated flame retardants market in Middle East & Africa is
anticipated to expand at a significant rate during the forecast
period, owing to the robust manufacturing industry in the region.
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Key
players operating in the chlorinated flame retardants market include
Akzo Nobel N.V, Israel Chemicals Limited, Kisuma Chemicals, and Dover
Chemical Corporation.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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