Flame Retardants Chemicals to Remain in High Demand in Furnishing Industry

San Francisco, California, July 11, 2018: The global flame retardants chemical market growing at a considerable rate. Flame retardant chemicals which are added to consumer goods like furniture, coverings for electronic goods, baby products, and clothing in order to lessen their flammability is a result for increase in the awareness of fire safety reports TMR Research in their report titled “Flame Retardants Chemical Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”.Best known example of Flame retardant chemical is polybrominated diphenyl ethers (PBDEs), which finds its usage in consumer products such as building materials, airplanes, furnishings, and electronics goods.

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Increase in the rules and regulation to fire safety and increase in the use of electrical and electronics goods which tends to catch fire easily has proved to be important drivers in the market. The usage of flame retardants chemical are used to flourish the end market industries such as that of home furnishings and automobile industries. The rise in automobile and home furnishing due to the increase in the disposable income of an average household in countries such as China and India, have proved to bolster the growth of the market. Despite the growth, the market is unable to live up to its expectations as the ever rising cost of raw materials and the toxicity issues with the product. The brominated flame retardants which includes PBDES consists of chemicals can cause of cancer and thyroid.

An ongoing trend in the market is that the organizations are siphoning money into research and development, so that the researchers can come up with a less toxic chemicals and could comply with the strict rules regulations to the fire safety. The flame retardants chemical market is expected to grow over the forecast period, due to never ending demand for construction and electronics products. India and China which are expected to stoke the market with their rise in automobile, electronics, and construction market.

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Some of the key players in the markets are Clariant AG, BASF SE, Albemarle Corp., Akzo Nobel N.V., laxness AG, and Du Point.

Flame Retardants Chemical Market Newer electronic products highly demanded 2025

Global Flame Retardants Chemical Market: Overview

Flame retardant chemicals are basically added to consumer goods, namely clothing, furniture, coverings for electronic products, and for baby products to lessen their flammability. They do not alter the flammable property of the parent material but they do thwart the quickness of the burning of the material. Take for example polybrominated diphenyl ethers or PBDEs which are organobromine compounds used as flame retardant. Akin to various other brominated flame retardants, PBDEs find application in a range of products such as electronics, building marterials, motor vehicles, furnishings, airplanes, polyurethane foams, and textiles. The other kinds of flame retardant chemicals available in the market are be broadly classified as antimony oxide, chlorinated, and phosphorus.

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Global Flame Retardants Chemical Market: Drivers and Restraints

At the forefront of driving demand in the market for flame retardants chemicals are the increasing regulations pertaining to fire safety. Further, flourishing end use industries such as electrical and electronics, and construction has also stoked the market big time. Flame retardant chemicals serve to lower the flammability of combustible surfaces and components. As a result, they find usage in making automobile parts and home furnishings. Both of these end use segments are seeing rapid growth because of the rising disposable incomes of people, particularly in nations of India and China.

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Despite such a promising outlook on account of the aforementioned drivers, the global market for flame retardants is not being able to achieve its full potential because of the rising prices of raw materials, which in turn, is because of their shortage. Another factor posing a major challenge to the market growth is the toxicity issues with the product which can cause harm to human health. For example, the brominated flame retardants, including the PBDEs, which are a widely used class of chemicals can cause thyroid and cancer, and even interfere with the brain development of children. As a result, commercial usage of such chemicals are being phased out. This is one crucial roadblock the market needs to overcome.

Global Flame Retardants Chemical Market: Trends and Opportunities

A noticeable trend in the global market for flame retardants chemical is companies pouring money into research and development to come up with products that comply with strict rules pertaining to their chemical compositions. Realizing the harm it can cause to the environment, and more importantly to human health, governments of various nations have framed stringent regulations regarding their production and usage. As a result, savvy manufacturers are seen working on improved production processes for bio-based flame retardant chemicals which might provide a much needed fillip to the market in the near future.

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In order to overcome the various challenges in the market, players are also seen developing substitutes for traditional raw materials that are cost effective and available easily. They are also banking upon different promotional activities to tap into the relatively underpenetrated markets of the Middle East and Africa.

Global Flame Retardants Chemical Market: Regional Analysis

From a geographical perspective, Asia Pacific is an attractive market owing to the burgeoning electronics and construction industry in the region. This is mainly account of the large developing and populous economies of India and China. Europe and North America are other key markets that are responsible for substantial sales.

Global Flame Retardants Chemical Market: Competitive Landscape

Some of the key participants in the global market for flame retardants that have been profiled in the report are Dow Chemical Company, Clariant AG, Lanxess AG, BASF SE, Du Pont, Albemarle Corp., and Akzo Nobel N.V.