Flame Retardant Additives Market

Flame Retardant Additives Market: Snapshot

The flame retardant additives market may witness exponential growth owing to the extensive use of plastics in the automotive industry. Protective characteristics of flame retardant additives such as prevention of growth of the fire, through inhibition of combustion process and limited releasing of heat, may offer a kick start to the flame retardant additives market Flame retardant additives are prominently used in automotive and transportation as they offer protection to the plastic parts employed in the vehicles. The flame retardant additives market is gaining traction due to its characteristics. These aspects have contributed to the use of flame retardant additives by end-use industries such as building and construction, electronics and appliances, automotive, and transportation. The onset of the COVID-19 pandemic has created a new wave for the growth of the flame retardant additives market owing to the rise in the purchase of electronic appliances.

The flame retardant additives market can be segmented into Magnesium Hydroxide, Zinc Sulfide, Chlorinated, Phosphorous, Antimony Oxide, and ATH, on the basis of type. By end-use industries, the market can be divided into building and construction, electronics and appliances, automotive, and transportation

The report curated by the analysts at TMR will provide in-depth insights into the flame retardant additives market. The important parameters such as competitive landscape, recent trends, opportunities, developments, and regional perspective are studied thoroughly. The effect of the COVID-19 pandemic is also included in this report.

Flame Retardant Additives Market: Competitive Landscape

The key players are indulging in R&D activities to establish their market presence. They are focussing on the development of a new product range which may add to the growth of the flame retardant additives market. They are concentrating on developing novel technologies for the production of more efficient products. Strategic collaborations with startups, mergers, acquisitions, and partnership firms may augment the growth of the flame retardant additives market.

Some players in the flame retardant additives market are Clariant, BASF, DowDuPont, Italmatch, Nabaltec, and Albemarle,

Flame Retardant Additives Market: Trends and Opportunities

The extensive use of flame retardant additives in the construction sector to make the products fire resistant so that the risk of fire breakout is reduced to a large aspect may boost the market growth. Furthermore, flame retardant additives are also used in electronic devices such as cell phones, computers, televisions, and others to prevent the devices from damage caused due to electrical arcing.

The flame retardant additives are widely used in automotive to avoid any kind of mishap likely to occur due to fire. In addition, they are also used in transportation-related products such as train seats, airplane seats, and others to ensure the safety of travelers.

During the ongoing pandemic, the flame retardant additives market had slowed down owing to the disruption of supply chains. However, things are resuming back to normal which has created immense growth opportunities for the flame retardant additives market.

Flame Retardant Additives Market: Regional Perspective

North America is anticipated to dominate the flame retardant additives market owing to the ongoing trend of automotive purchases in this region. Furthermore, the Asia Pacific region is expected to hold the maximum revenue share of the flame retardant additives market. owing to the rising construction activities in this region The increasing demand, especially in the automotive and electronics industry may boost the growth of the flame retardant additives market. However, the increasing disposable income and high spending on infrastructural development are likely to escalate the growth of the flame retardant additives market.

Latin America follows may also open multiple growth avenues for the flame retardant additives market. antimony oxide, ATH, and brominated are popular forms of flame retardant additives manufactured in this region.