According to a recent report from Global Market Research, the global non-halogenated flame retardant market size is expected to reach $ 3.45 billion by 2024. The application prospects of polymers in the construction and automotive industries should promote the expansion of its global non-halogenated flame retardant market size. These are used as substrates for chemical bonds or additives to stimulate the manufacture of most polymers and textile products. Polymers used for olfactory and chlorinated compounds are believed to have an adverse effect on the organism.
The market size of non-halogenated flame retardants in North America and the United States may reach $ 1.25 billion in 2024.
The market size of polyolefins is the largest, with a growth of more than 7.5%. The use of halogen-free polyolefin additives includes PE, PP, LLDPE, LDPE, EVA and MDPE. Polyolefins are used in electrical, transportation and construction applications using wires and cables. Non-halogenated flame retardants can take safety precautions in the use of polyolefins under adverse conditions, such as wires and cables and laboratory equipment.
European non-halogenated flame retardant market advanced regulations came into effect in REACH and WEEE. Imported goods and end-products strictly enforce their regulations, including their toxic fire extinguishing agents. These factors have benefited European product use in the past few years.
The huge benefits generated by epoxy resins exceed a compound annual growth rate of 7.5%. The rapid industrial growth and the demand for durable coatings from epoxy resins should drive the expansion of its global non-halogenated flame retardant market size. These additives improve the functionality of these resins by improving fire resistance. Focus on industrial integration, avoid uncertainty in raw materials, focus on expanding low-toxicity fire-fighting phosphorus, magnesium hydroxide and melamine to increase their existing product lines. These materials may face tight supply conditions, putting pressure on the market price of non-halogenated flame retardants.