Chlorinated flame retardants belong to a group of chemical compounds that are used as additives to suppress fire in plastics and other products. They are used to reduce the devastating effect of fire on environment and people. Flame retardants suppress fire in two ways: either they stop the process from starting or they gradually slow down the chemical reaction. They are mixed or chemically bonded with the base material. They do not modify the properties of the base material but delay the burning process by intervening in the fire cycle and hindering the chemical chain reaction. Increasing safety awareness regarding fire-proof products has led to growth of the chlorinated flame retardants market.

Based on chemistry, the market for chlorinated flame retardants can be segmented into aromatic, aliphatic, and cycloaliphatic compounds. Based on application, the market has been segmented into polyvinyl chloride, polyefins, rubber, epoxy resins, and unsaturated polyesters. Based on the end–use, the market can be segregated into building & construction, electrical & electronics, textiles, and automotive.

The market for chlorinated flame retardants is anticipated to expand moderately during the forecast period, owing to the increasing awareness among consumers about fire-proof products. Another driver for this market is stringent safety regulations regarding fire safety across industries. However, stern government regulations regarding some of the chlorinated flame retardants such as polychlorinated biphenyl (PCB) are adversely affecting the market.

Among chemistry segments, the aliphatic compounds segment held a significant share of the market in 2015. The segment is projected to expand at a moderate rate during the forecast period, owing to good thermal stability of chlorinated aliphatic compounds. They are used not only in polyefins and polyamides but also in the fabrics & paints industry. Rising use of polyefins in roofing, cables, and automotive products is likely to increase the demand for chlorinated flame retardants in the next few years. The market for unsaturated polyesters and polyvinyl chloride is expanding, due to their several applications in industries such as building & construction, automotive, and wires. A restraint for the chlorinated flame retardants market is high toxic levels of these flame retardants, which is the cause of bio-accumulation in plants and living beings. Availability of alternatives such as non-halogenated flame retardants are likely to hinder the growth of the market during the forecast period. High cost and high loading levels are factors anticipated to restrain the growth of the chlorinated flame retardants market during the same period.

Asia Pacific holds a significant share of the global chlorinated flame retardants market. The region is projected to offer immense growth potential for the market in the next few years. Increasing awareness among consumers regarding fire-safe products and growth of end-use industries in the region are estimated to drive the chlorinated flame retardants market in Asia Pacific. Due to rapidly expanding automotive and electronics industries in the region, demand for chlorinated flame retardants is expected to rise. High investments in the building & construction sector are likely to increase the demand for chlorinated flame retardants in the developing economies of Asia Pacific such as India and China. Asia Pacific is followed by Europe and North America, owing to the increasing awareness among consumers about fire-safe electronic products and the concern about safety of human health and environment in the two regions. The chlorinated flame retardants market in Middle East & Africa is anticipated to expand at a significant rate during the forecast period, owing to the robust manufacturing industry in the region.

Key players operating in the chlorinated flame retardants market include Akzo Nobel N.V, Israel Chemicals Limited, Kisuma Chemicals, and Dover Chemical Corporation. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Chlorinated Flame Retardants Market

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