Halogen-Free Flame Retardants Market Segmentations, Business Overview and Dynamics Forecast To 2022

Global Halogen-Free Flame Retardants Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Halogen-Free Flame Retardants is abbreviated as HFFR and also known as Eco-Product, Low Smoke Non-Halogen (LSNH), or Low Smoke O-Halogen (LSOH, LSZH). Halogen-free flame retardants are the substances most probably added to other materials like textiles, plastics, and coatings to prevent the spread of fire without emitting toxic gasses. These additives are present in public transport and passenger aircraft, household appliances, inside cars, consumer electronics, and home furnishings.

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The factors that are playing a major role in the growth of Halogen-Free Flame Retardants Industry are fire safety standards for commercial and residential buildings, rising consumer awareness regarding fire safe products, and strict environmental policy. On the other hand, high-loading levels of flame-retardants in the polymer matrix are a factor restraining overall market growth. This market is segmented based on type, applications, end users, and region. Types such as Organo-Phosphorus Chemicals, Aluminum Hydroxide, and others (Borates, Nitrogen, Magnesium Hydroxide, and Zinc) classify Halogen-Free Flame Retardants Industry.

Applications into Styrenics, Polyolefins, Rubber, Epoxy Resins, Engineering Thermoplastic (ETP), Unsaturated Polyesters (UPE), Polyvinyl Chloride (PVC), and others classify Halogen-Free Flame Retardants Market. The Polyolefins segment accounts for the largest market share of the industry and is estimated to lead the overall market in the years to come. The reason being, exclusively used polymer and various range of applications in all industries. Epoxy Resin and Unsaturated Polyester (UPE) follow suit.

End users such as Transportation, Electrical & Electronics, and Building & Construction classify Halogen-Free Flame Retardants Market. Halogen-Free Flame Retardants Industry is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

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Globally, North America accounts for the largest market share of Halogen-Free Flame Retardants Industry and is estimated to lead the overall market in the years to come. The reason being, strict government policy regarding use of safer chemicals and high demand for safer consumer electronics. Europe and Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the upcoming years. The reason being, rising electronics & electrical industrialization, government policy for environmental regulations, and growing inclination to synergist compounds.

The key players of Halogen-Free Flame Retardants Market are Qingdao Fundchem, Clariant International, TaixingHuagong, Lanxess AG, Polyplastics, BASF, Polyplastics, The Dow Chemical, Italmatch Chemicals, Celanese, Huber Engineered Materials, Israel Chemicals Limited, Mitsubishi Engineering Plastics, Albermarle, Dow Corning, Nabaltech, Akzo Nobel, and Chemtura. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.