Reports and Data estimates the global Flame Retardant competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Flame Retardant during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Albemarle (U.S.), Lanxess (Germany), Clariant (Switzerland), Italmatch (Italy), Huber (U.S.), BASF (France), Thor (U.S.), DSM (Netherlands), Israel Chemicals Ltd. (Israel), Budenheim Chemicals KG (Germany)

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Flame Retardant Overview :-

The global flame retardant market is expected to register a steady revenue CAGR during the forecast period. Flame retardants are in high demand to reduce fire hazards in a variety of industries. Building and construction, automotive, and electronics end-use industries have stringent fire safety standards to which manufacturers must adhere. Furthermore, increasing use of plastic in all sectors due to its advantageous properties is driving market revenue growth. Environmental and health concerns, which limit revenue growth of conventional flame retardants such as brominated and chlorinated flame retardants, are the major market restraints. This has increased demand for environment-friendly flame retardants such as phosphorous and nitrogen. Rapid development in countries such as India, China, and Mexico will drive revenue growth of the market further during the forecast period.

In November 2021 for instance, Italmatch Chemicals S.p.A. introduced ‘Liquid Masteret’, a new phosphorous flame retardant. The company introduced concentrated blends of stabilized and microencapsulated Red Phosphorus (RP). The product is used in the transportation, electrical and electronics, and construction industries, particularly when halogen is not permitted due to high smoke corrosivity in the event of a fire. Furthermore, in January 2020, BASF SE completed the purchase of Solvay's polyamide (PA 6.6) business.

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For the purpose of this report Reports and Data has segmented global Flame Retardant market on the basis of type, application, and region:

Type Outlook (Revenue, USD Billion; 2019-2030)

• Decabromodiphenyl Ether
• Brominated Epoxy Resin
• Brominated Polystyrene
• Halogen-free Flame Retardant
• Other

Application/End-use Outlook (Revenue, USD Billion; 2019-2030)

• Building & Construction
• Electronics & Appliances
• Wire & Cables
• Automotive

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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Key Questions answered by the Report:

• What is the expected year-on-year growth of the Flame Retardant during the forecast period?
• What key trends are expected influence revenue growth of the market going ahead?
• Which region is expected to account for largest revenue share over the forecast period?
• Which key companies are profiled in the report?

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