Global Non-Halogenated Flame Retardants Market: Overview
- Non-halogenated flame retardants are additives used in polymers to increase fire resistance in case of ignition and slow down the spread of fire. Non-halogenated flame retardants do not make a polymer non-combustible; they help resist fire and generate less heat.
- Demand for non-halogenated flame retardants is expected to rise significantly across the globe due to the increase in use of polymers in various industries such as electronics, building & construction, transportation, and textiles
- Fire safety and environmental regulations for non-halogenated flame retardants are major regulations prevalent in the industry. These significantly impact the global non-halogenated flame retardants market for polymers.
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- In terms of value, the non-halogenated flame retardants market for polymers stood at ~US$ 2 Bn in 2018 and is expected to reach ~US$ 4 Bn by 2027, expanding at a CAGR of ~8% from 2019 to 2027
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Key Growth Drivers of Non-halogenated Flame Retardants Market for Polymers
- Stringent rules are being implemented regarding production and import of products containing halogenated flame retardants, owing to the rise in environmental awareness in developed regions such as Europe and North America. These rules are expected to directly impact emerging countries such as China, Malaysia, Indonesia, and India, which export large numbers of end-use products containing flame retardant polymers to Europe and the U.S. Hence, the non-halogenated flame retardants market is anticipated to expand in Asia Pacific in the near future.
- Implementation of stringent government regulations regarding fire safety is anticipated to boost the demand for non-halogenated flame retardants market for polymers. Governments across the world are taking steps to prevent fire accidents. This is estimated to drive the global non-halogenated flame retardants market for polymer.
- The non-halogenated flame retardants market for polymers in building & construction applications is estimated to expand at a CAGR of 8% during 2019 to 2027
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Key Challenges for Non-halogenated Flame Retardants Market for Polymers
- Non-halogenated flame retardants offer various benefits over halogenated flame retardants. Thus, non-halogenated flame retardants are significant substitutes for halogenated flame retardants. Non-halogenated flame retardants also possess some operational disadvantages vis-à-vis halogen based flame retardants. This is anticipated to adversely affect the market.
- Red phosphorus, a phosphorus based flame retardant, is one of the widely used non-halogenated flame retardants. Its mechanical and electrical properties are comparable to that of halogenated flame retardants. They also carry a drawback of color impartment to polymers. Therefore, red phosphorus is just used in applications that require red or dark colors.
Lucrative Opportunities in Non-halogenated Flame Retardants Market for Polymers
- In order to overcome the drawbacks of negative effects on polymer additives, non-halogenated flame retardants can be added with nanoclays that help reduce the negative impact on the performance of polymer additives. Nanoclays enable to improve the mechanical properties of non-halogenated flame retardants in polymers.
- Traditionally, majority of electrical and electronic equipment manufacturers have been using brominated and chlorinated flame retardants due to their high efficiency. Halogenated flame retardants also have drawbacks, as their toxicity level is high. They adversely affect the environment. Stringent rules regarding production and import of products containing halogenated flame retardants are being implemented, owing to the rise in environmental awareness in developed regions such as Europe and North America.
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