Flame Retardant Market to Witness Robust Expansion Throughout the Forecast Period 2022-2028 - PowerPoint PPT Presentation

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Flame Retardant Market to Witness Robust Expansion Throughout the Forecast Period 2022-2028

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Rising awareness regarding fire safety across both residential, and commercial sectors is predominantly driving demand for fire retardant chemicals. Growing demand from manufacturing brands of building and construction materials, electrical appliances, furniture, and kitchenware. – PowerPoint PPT presentation

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Title: Flame Retardant Market to Witness Robust Expansion Throughout the Forecast Period 2022-2028


1
Increasing Stringency of Fire Safety Regulation
Uplifts Fire Retardant Market Prospects Rising
awareness regarding fire safety across both
residential, and commercial sectors is
predominantly driving demand for fire retardant
chemicals. Growing demand from manufacturing
brands of building and construction materials,
electrical appliances, furniture, and
kitchenware. Soaring usage of fire retardants in
all types of surface regions such as walls,
carpets, textiles, papers, and paints is expected
to drive the growth of global fire retardant
market, says a new upcoming study of Fairfield
Market Research. Tightening regulatory grip
around fire safety norms has been playing a vital
role in raising awareness about the basic
safety, and security among industry players, as
well as public. The report highlights the fact
that the eco-friendly fire safety chemicals are
gaining traction worldwide, thereby pushing the
market potential of sustainable fire
retardants. Request a Sample Copy of this Report
_at_ https//www.fairfieldmarketresearch.com/report/
flame-retardant-market/request-
sample Aluminium Hydroxide Sought-after Across
Industries Aluminium hydroxide, the most
sought-after fire retardant, continues to witness
significant demand from automotive industry as
it plays a crucial role in production of the
various auto parts, and components. Growing
consumption of aluminium hydroxide in battery
production is likely to elevate the prospects
further in battery-powered vehicles, as well as a
wide range of consumer electronic devices.
Aluminium hydroxide also remains popular as one
of the key elements in construction materials
such as insulation panels, and roofing materials.
This will remain a strong factor fostering
market growth in future, says the report. Flame
Retardants Continue to Face Scrutiny Due to
Toxicity, and Potential Hazards With growing use
of flame retardant chemicals across industries,
there has also been a rising level of scrutiny
facing them over the recent past. Concerns around
their potential health effects prevail as some
of the popular flame retardant chemicals have
been linked to cancer(s), some of the
reproductive problems, and even neurological
disorders. Moreover, flame retardants can
typically be toxic, especially to aquatic life,
which further make them potentially harmful for
widespread application across industries,
especially when a substantially large pool of
unskilled labour is operational and regularly
gets exposed to these chemicals. Because of
these concerns, there is growing demand for flame
retardant-free products. A new trend of flame
retardant-free furniture, and textiles is thus
emerging recently. Asia Pacific Spearheads,
North America Follows
2
Initial regional analysis of global flame
retardant market reveals that the primacy of Asia
Pacific prevails attributing to the sustained
demand for both brominated, and chlorinated
flame retardants that collectively account for
more than 50 of the total demand worldwide. The
region will continue to capture over half the
global market revenue share throughout the
foreseeable future, suggests the report. While
China makes up for half the regions demand
generation, a majority demand is expected from
the key industries like building and
construction, automotive, and electrical and
electronics. Besides China, Japan remains a
lucrative market owing to its stringent
regulatory structure regarding the safety against
fire accidents. Other fast-developing economies
like India, and Indonesia have also been
developing strong potential markets for flame
retardant manufacturers. On the other hand,
North America is likely to represent the second
leading market prominently upheld by an
established infrastructure, a strong
manufacturing base, and strict safety
regulation. Key Players in Global Flame
Retardant Market The report would offer an
insightful analysis of the competition landscape
of global flame retardant market, covering some
of the leading companies driving competition.
LANXESS, ICL, BASF SE, DuPont, Clariant, DSM,
and Abermarle Corp. constitute some of the
profiled players in the report. Check Complete
Report Details of market _at_ https//www.fairfieldm
arketresearch.com/report/flame-retardant-market A
bout Us Fairfield Market Research is a UK-based
market research provider. Fairfield offers a wide
spectrum of services, ranging from customized
reports to consulting solutions. With a strong
European footprint, Fairfield operates globally
and helps businesses navigate through business
cycles, with quick responses and multi-pronged
approaches. The company values an eye for
insightful take on global matters, ably backed by
a team of exceptionally experienced researchers.
With a strong repository of syndicated market
research reports that are continuously published
updated to ensure the ever-changing needs of
customers are met with absolute
promptness. Contact Fairfield Market
Research London, UK UK 44 (0)20 30025888 USA 1
(844) 3829746 (Toll-free) Web https//www.fairfie
ldmarketresearch.com/ Email sales_at_fairfieldmarket
research.com Follow Us LinkedIn
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