The Global Market for Flame Retardant Chemicals
- The global market for flame-retardant chemicals was worth $4.1 billion in 2008 and a projected $4.3 billion in 2009. It should reach $6.1 billion by 2014, for a compound annual growth rate (CAGR) of 7.0%.
- The global fl ameretardant chemicals industry used 3.2 billion pounds of materials in 2008. This is expected to increase to 3.4 billion pounds in 2009, and 4.3 billion pounds in 2014, for a CAGR of 5.0%.
- Studies have shown that a burning room containing fl ameretardant products releases 75% less heat and 33% fewer toxic gases than a room that lacks the products.
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Frequently Asked Questions (FAQs)
The 2005 projected consumption of flame retardant chemicals worldwide is 2.9 billion pounds. BCC estimates this volume will grow 3.5% annually and reach 3.4 billion pounds worldwide by 2010.
Price increases for most products, except alumina trihydrate, should impact the average annual growth rate of the market’s sales. In 2005, sales are estimated to be approximately $3.5 billion worldwide. This figure should reach $4.6 billion by 2010 with an average annual growth rate of 5.6%.
The continuation of fire safety standards in the U.S. and abroad should impact the sales increase. Additionally, the largest country in the world, China, has opened its borders to Western products, providing new opportunities for companies with the ability to do business in the region. Environmental and health concerns over halogenated flame retardant chemicals should also allow additional market share for halogen replacements.
Flame-retardant chemical sales worldwide should grow at an average annual rate of 5.5% reaching $2.95 billion by 2008.
Greatest growth will be in melamine, and bromine- and phosphorus-based FR, posting AAGRs of 6.6% to 6.7%
Bromine represents more than one-third of the market, and will maintain this share through the forecast period.
Melamine should have increased presence in Northern Europe.
Alumina trihydrate will dominate with an estimated 44% market share of volume.