Non Halogenated Flame Retardants Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario and Forecasts, 2012 to 2020

Industry Insights

Non halogenated flame retardants (NHFR) are used to induce flame retardant property to the manufactured products mainly polymers and textiles. Flame retardants control flame production to prevent spread of fire. NHFR finds application in major end-use industries including electrical, transportation, and construction. Growth in these industries is expected to drive the market over the next five years. Need for durability, insulation, and safety is addressed by flame retardants in many applications. These emit less heat and produce less smoke compared to bioaccumulation which causes halogens dangerous for human health as well as environment. This advantageous factor is likely to augment NHFR market growth over the forecast period. Stringent regulatory policies over the usage of halogenated retardants in many countries is anticipated to have positive impact on non halogenated retardants market growth over the foreseeable future. EPA in U.S., WEE and REACH in Europe, and CEPA in Canada are few regulatory bodies protecting environment and consumers by various flame retardants policies regulation. Favorable market condition is expected to open new opportunities for the market participants over the next five years. However, their process function involves high loading and many drawbacks which is likely to hinder the market growth in near future.

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Product Insights:

Aluminium hydroxide was the largest product segment of NHFR in terms of volume, and is expected to grow at a CAGR of 7.2% over the foreseeable period. Phosphorous based product segment covered over 48% of the revenue in 2013. Phosphorous based retardant is growing at a CAGR of 8.2% and is expected to be the largest product segment in terms of revenue over the next five years.

Application Insights:

Epoxy resins and UPE trailed by polyolefins are the major...