The global non-Halogenated Flame Retardant Market is estimated to be valued at US$ 4.2 Mn or billion in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Non-Halogenated flame retardants are additives that are added to materials or formulations to reduce their ability to ignite and support combustion without emitting corrosive gases or smoke in the event of a fire. They help inhibit or minimize the spread of fire without releasing toxic and corrosive gases.

Market Key Trends:

Stringent fire safety regulations across industries such as construction, automotive, and electronics have boosted the demand for flame retardant materials. The growth of the construction industry especially in emerging nations is fueling the need for flame-retardant wood and composites. Growing electronics and automotive production is also driving the uptake of non-halogenated flame retardants in circuit boards and plastic components. Nanotechnology is enabling the development of more effective intumescent flame retardant coatings for insulation and wiring applications. Biobased and eco-friendly flame retardant solutions are gaining traction due to environmental sustainability goals.

SWOT Analysis:

• Strength: Environment friendly and bio-based flame retardants have gained acceptance due to stringent regulations on halogenated variants.
• Weakness: High costs involved in production of sustainable flame retardants.
• Opportunity: Stricter norms on halogen content and adoption of green building standards will drive demand.
• Threats: Threat from other flame retardant chemistries and easy availability of low-cost halogenated flame retardants.

Key Takeaways

The global Non-Halogenated Flame Retardant Market is expected to witness high growth, exhibiting CAGR of 8.1% over the forecast period, due to increasing demand for sustainable flame retardant solutions from end-use industries such as electronics, building & construction and automotive.

Regional analysis: Asia Pacific dominates the global non-halogenated flame retardant market and is expected to grow at a high CAGR during the forecast period. This can be attributed to strong presence of electronics and building & construction industries and implementation of strict fire safety regulations in countries such as China, India.

Key players operating in the Non-Halogenated Flame Retardant Market are Clariant International Limited, Albemarle Corporation, Israel Chemical Limited, Italmatch Chemicals S.p.A, Chemtura Corporation, Nabaltec AG, FRX Polymer Inc, Huber Engineered Material, Amfine Chemical Corporation, and THOR Group Ltd.