Flame Retardants Market: By Type (Alumina Trihydrate, Brominated Flame Retardants, Antimony Trioxide, Phosphorous Flame Retardants, and Others), By Application (Unsaturated Polyester Resins, Epoxy Resins, PVC, Rubber, Polyolefins, and Others), By End-Users (Construction, Automotive & Transportation, Electronics, and Others), and Geography

Flame Retardants Market size was valued at USD 8,726.5 million in 2023 and is poised to grow at 4.8% CAGR over the forecast years to reach USD 12,116.3 million by 2030. The flame-retardant market is expected to continue growing in the coming years, driven by several factors increasing fire safety regulations, growing demand for fire-resistant products, and advancements in flame-retardant technology.  Governments around the world are implementing stricter fire safety regulations for buildings, electronics, and other products. This is driving demand for flame retardants as manufacturers seek to comply with these regulations. There is a growing demand for fire-resistant products in various end-use industries, such as construction, electrical & electronics, transportation, and furniture. This is due to factors such as increasing urbanization, rising disposable incomes, and growing awareness of fire safety.

Manufacturers are developing new and improved flame retardants that are more effective, less toxic, and more environmentally friendly. This is opening up new opportunities for the flame-retardant market. However, the flame-retardant market also faces some challenges and concerns about the safety of some flame retardants the high cost of some flame retardants, will impact the growth of the market.  Despite these challenges, the flame-retardant market is expected to grow in the coming years, driven by the factors mentioned above. Here are some of the trends that are likely to shape the market in the future the development of greener flame retardants, increased demand for flame retardants in developing countries, and focus on flame retardant recycling.

Flame Retardants Market Key Developments:

• In December 2022, Flamestab NOR 116 is indeed an innovative product launched by BASF SE for polyamide 6 and 66. It’s a triazine derivative and functions as a flame retardant and UV stabilizer in polyolefin applications. The product is characterized by its high thermal stability, low migration, and low corrosion properties, making it suitable for various applications including fibers, textiles, carpets, and films.
• In July 2022, BASF SE and THOR GmbH have indeed collaborated. They have joined forces to leverage their combined expertise in non-halogenated flame-retardant additives. This collaboration aims to provide customers with high-performance flame-retardant solutions that help converters meet stringent regulatory standards.