Global Non-halogenated Flame Retardants Market Size By Product, By Application, By End-User, By Geographic Scope And Forecast
Non-halogenated Flame Retardants Market Size And Forecast
Non-halogenated Flame Retardants Market was valued at USD 5 Billion in 2019 and is projected to reach USD 9.53 Billion by 2027, growing at a CAGR of 8.4 % from 2020 to 2027.
Global Non-halogenated Flame Retardants Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The rising use of polymers in industries, such as building and construction, textiles, transportation, and electronics is likely to fuel market growth during the forecasted period. Growing awareness about fire safety and environmental regulations against the use of halogenated flame retardants is expected to act as a growth contributing factor in the coming years. Less hazardous nature, durability, transparency, and cost-effectiveness are the factors which expect a boost to the market over the forecasted period. In contrast, non-halogenated affects physical and chemical flame characteristics of the end products as they are plagued by some performance and processing issues in plastics application. This can act as a restraining factor of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Non-halogenated Flame Retardants Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Non-halogenated Flame Retardants Market Competitive Landscape
The Global Non-halogenated Flame Retardants Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Clariant International Limited, Albemarle Corporation, Israel Chemical Limited, Italmatch Chemicals S.p.A, Chemtura Corporation, Nabaltec AG, FRX Polymer Inc, Huber Engineered Material, Amfine Chemical Corporation, and THOR Group Ltd.
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