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Non Halogenated Flame Retardants Market Overview
Non Halogenated Flame Retardants Market size is expected to be valued at US$7.2 billion by the end of the year 2027 and is set to grow at a CAGR of 8% during the forecast period from 2022-2027. Non Halogenated Flame Retardants are extensively used in the electrical and electronics industry in circuit boards, electronic casing, cables & wire systems and others. According to Global Construction Perspectives and Oxford Economics report, the global construction industry is estimated to reach US$8 trillion by the year 2030. Therefore, this will increase the use of cable & wire systems in buildings and other establishments which may lead to the increase in demand for non halogenated flame retardants which is used on polymers such as polyvinyl chloride, polyolefins, unsaturated polyester and engineered thermoplastic. Moreover, the increase in the number of construction activities is also driving the non halogenated flame retardants market.
COVID-19 impact
Amid the Covid-19 pandemic, the non halogenated flame retardants market was hugely affected owing to the various legal and economic restrictions laid by governments across the world. Due to the various restrictions laid down during the pandemic across the globe, the non halogenated flame retardants market was hugely affected. Any movements including movement of people and goods were banned fearing the spread of the corona virus. This hugely impacted the non halogenated flame retardants market, as the sales crashed down due to the exponential decrease in demand. The situation is however set to improve by the year ending 2021 and the market is expected to grow.
Non Halogenated Flame Retardants Market Segment Analysis – By Product
Aluminium Hydroxide segment held the largest share in the non halogenated flame retardants market in the year 2021. Aluminium hydroxide has high flame retardant efficiency and high temperature resistance, which is one of the significant reasons why it is commonly used in non halogenated flame retardants. Aluminium hydroxide also displays good chemical and physical properties at room temperature which makes it a preferred type of flame retardant. Furthermore, aluminium hydroxide also has good pollution controlling substances, which allows it to control flames without releasing toxic pollutants and does not smoke during combustion. This is majorly driving the demand for aluminium hydroxide in the non halogenated flame retardants market.
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Non Halogenated Flame Retardants Market Segment Analysis – By Application
Polyolefin segment held the largest share in the non halogenated flame retardants market in the year 2021. Polyolefin is a popularly used type of polymer owing to its properties such as quick processing and better mechanical properties. Polyolefin has goof tensile strength, quick absorption, resistance to staining, chemicals, abrasion and other external factors. Polyolefin has excellent static resistance and it is also highly resistant to flames. It is one of the main reasons why polyolefin is majorly used in the electrical and electronics industry. Polyolefins are lightweight, flexible and are thermoplastic materials that can be converted into clear films and sheets to many other forms of products. This is majorly driving the demand for polyolefin in the non halogenated flame retardants market.
Non Halogenated Flame Retardants Market Segment Analysis – By End Use Industry
Electrical and Electronics segment held the largest share of 35% in non halogenated flame retardants market in the year 2021. According to International Trade Center, the exports of Electrical machinery and equipment and parts have increased over the years. The export of Electrical machinery and equipment and parts during the year 2020 was valued at US$2,748.7 billion, an increase of 1.7% as compared to the exports of Electrical machinery and equipment and parts in the previous year of US$2,702.7 billion. This increase in export will further increase the production of Electrical machinery and equipment and parts across the globe, which will further drive the demand for non halogenated flame retardants and is used in polymers such as polyvinyl chloride, polyolefins and others across electronic devices and systems.
Non Halogenated Flame Retardants Market Segment Analysis – By Geography
North America region held the largest share of 40% in the non halogenated flame retardants market in the year 2021. The growth of the electrical industry and building and construction sector in countries like USA, Mexico and Canada is majorly driving the demand for non halogenated flame retardants market in the region. According to International Trade Center, the exports of Electronic integrated circuits and parts in the United States of America, increased from US$39.85 billion during the year 2019 to US$44.15 billion, an increase of 10.77%, even during the covid-19 pandemic. Furthermore, the exports of Electronic integrated circuits and parts in Mexico also increased by 24.02% during the year 2020 to US$2.722 billion. Additionally, according to Board of Governors of the Federal Reserve System (US), the production of computers and other electronic products increased by 10.33% during October 2021 as compared to the same month in the previous year. This is leading to the increase in the production of electronic circuits and parts in the North America region, which is further driving the demand for non halogenated flame retardants market in the North America region.
Non Halogenated Flame Retardants Market Drivers
The growing electronics industry is majorly driving the non halogenated flame retardants market
The growth in the electrical and electronics industry is majorly driving the demand for non halogenated flame retardants market. According to International Trade Centre, the exports of electronic integrated circuits and parts across the world has increased by 11.64% during the year 2020, even when there was a pandemic going on across the world. According to National Investment Promotion & Facilitation Agency, the global electronics market is amounted to be over US$2 trillion during the year 2021. This led to the increase in the production of electronic devices, which further lead to the increase in the utilization of polymers such as polyvinyl chloride, polyolefins and engineered thermoplastic, that is majorly used in electronic devices as thin sheet or films for insulation. This is majorly driving the demand for non halogenated flame retardants market.
The increase in demand from the building and construction industry
Non halogenated flame retardants are also used in the building and construction sector for electrical insulation, ceiling surface linings and flooring. This helps in foolproofing the construction plans and provides protection against any mishap that could happen from electrical devices bursting or other problems. Therefore, the increase in the number of construction activities across the globe is majorly driving the demand for non-halogenated flame retardants market across the globe. Furthermore, according to Asian Development Bank, developing countries in Asia will invest US$26 trillion in infrastructure from 2016 to 2030, or US$1.7 trillion per year. This will fuel the demand for non halogenated flame retardants market across the globe.
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Non Halogenated Flame Retardants Market Challenges
The environmental concerns and restrictions relating to the usage of non halogenated flame retardants
Non halogenated flame retardants are not environmentally friendly and has certain setback on being used on certain materials like plastics and other toxins. Non halogenated flame retardants react with plastics and release toxins that are not good for humans and the surroundings in general. Non halogenated flame retardants are not easy to handle and require utmost care for use. It requires good knowledge and expertise to be used and slight careless can lead to serious mishaps. These are the major factors restricting the growth of the non halogenated flame retardants market.
Non Halogenated Flame Retardants Industry Outlook
Acquisitions and mergers, production expansion, facility expansion collaborations, partnerships, investments, are some of the key strategies adopted by players in this market. Non Halogenated Flame Retardants top 10 companies include:
Acquisitions/Technology Launches
On July 12 2019, BASF SE released Special polyamide (PA) and polybutylene terephthalate (PBT) grades that can be used as halogen-free flame-retardant materials to give high voltage components both inside and outside of the vehicle the exact properties required.
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Key Takeaways
Relevant Reports
Non-Halogenated Flame Retardant Chemicals Market – Forecast (2021 – 2026)
APAC Non-halogenated Flame Retardant Chemicals Market – Forecast (2021 – 2026)
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