Non-Halogenated Flame Retardants Industry Size, Share, Demand & Growth by 2032
The global non-halogenated flame retardants market size is anticipated to create lucrative
growth opportunities by exhibiting a robust CAGR of 6.2% over the projection period from
2022 to 2032. The market size is expected to be valued at around USD 3,787.1 Million in
2022 and is projected at around USD 6,911.1 Million by the end of 2032.
According to the historic period, the global demand for the non-halogenated flame retardants
market grew at a phenomenal CAGR of 6.5% CAGR between 2015 and 2021. Consumption
is predicted to surge at a total market value of USD 6,911.1 Million in 2032. Nonhalogenated flame retardants are compounds mixed with manufacturing materials to suppress
flames. In addition to that, plastic components of vehicles ought to have strong frame
retardant characteristics in order to lessen fire hazards that are majorly created by vehicle heat
generation.
Growth in the construction industry and surging urbanization are expected to bolster growth
in the global non-halogenated flame retardants market. In addition to that, the surging use of
plastics in the automotive & transportation, electrical equipment, and consumer electronics
industries is expected to drive the non-halogenated flame retardants market.
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Key Takeaways

On the global level, the electrical and electronics business is expected to bolster due
to the rising demand for end users. On the basis of the electrical and electronics
sector, plastics are widely applied to printed circuit boards, electronic housing &
components, wire & cable, switches, and connections.

These days, flame retardants are considered to be essential components in their
manufacturing, that protect such items from fire caused by resistive heating or joule
heating. Electronic garbage and other hazardous products associated with it have
extracted more attention during the last decade.

Surging investments in the electronics sector, particularly in India and East Asian
regions are anticipated to augment growth in the non-halogenated flame retardants
market. The electronics industry is immensely gaining traction all over the world
since several companies in the field of flame retardants are targeting this sector owing
to significant opportunities.

Government rules rotating around vehicle emission management, combined with
favorable features of modern plastics are expected to drive original equipment
manufacturers (OEMs) to utilize plastic materials in the production of automotive
parts.

In the past few years, utilization of plastic components in the automotive industry has
surged attributing to the use of plastic components in the automobile industry
increased due to the material's various features such as high durability, corrosion
resistance, toughness, design flexibility, and resilience.

Widespread awareness about reducing carbon dioxide emissions is expected to surge
fuel economy. It has been anticipated that an average car employing plastic
composites accounts for around 10% to 15% of the car's overall weight. Since plastics
are considered lighter than their metal equivalents, they tend to increase fuel
efficiency impeccably.

As per FMI projections, a 10% decrease in vehicle weight saves 5-7% on gasoline.
Therefore, there is a possibility to cut carbon dioxide emissions by 20 kg for every
kilogram of vehicle weight reduction.
Wettbewerbsumfeld
Die führenden Akteure auf dem Markt für halogenfreie Flammschutzmittel konzentrieren
sich auf die umfassende Ausweitung ihrer Produktionskapazitäten, da die Nachfrage nach
dem Produkt in medizinischen Anwendungen und der Reifenproduktion deutlich steigt.
Darüber hinaus investieren die dominanten Marktteilnehmer in Akquisitionen und
Kooperationen, um ihre globale Präsenz zu verbessern und ihre Marktpräsenz und
Kundenbasis zu erweitern sowie ihre Vertriebsnetze zu stärken.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
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renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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