Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1895
At present, the global flame
retardants market witnesses vivid opportunities due to the increase in demand
for flame retardant chemicals in a wide number of end use industries. Flame
retardants such as polyolefin nano composites find major use in the automotive industry and
other end user industries such as packaging, building and construction,
appliances, electrical and electronics, tools and sporting equipment.
Flammable plastic materials are
used in abundance in modern vehicles, foams, cables, textiles, polymer
formulations for electronic applications as well as in mechanical parts. This
pose a high range of fire risk. Hence, flame retardants are added to these materials
to halt fires in mechanical, structural, and decorative components, such as
electrical short circuits, mechanical faults, and overheating. Automotive
industry is the largest consumer of brominated flame
retardant-hexabromocyclododecane (HBCDD). HBCDD is used for plastic cabinet and
casings, insolation panels and automotive textiles. Furthermore, flame
retardants are added to seats to ensure safety to passengers as small flames
such as cigarettes and matches could prompt ignition.
Interested in Procuring this Report? Visit: https://www.alliedmarketresearch.com/flame-retardants-market/purchase-options
Epoxy resins segment accounted
for around one-fourth share, in terms of volume, in 2015. In response to the
perennial modifications in the quality of flame retardants, efficient flame
retardant chemicals are currently in high demand across the globe. Thus,
increase in demand for high-tech flame retardants for epoxy resins along with
increase in use of flame retardant rubber in automotive industry are some of
the major drivers that fuel the demand for flame retardants across the globe.
"Increase in use of
flame retardants especially in automotive industry in the production of
tires had increased the demand for flame
retardants among automotive and transportation industry,
which poses lucrative opportunities in the global flame
retardants market."
Get Detailed COVID-19 Impact Analysis for This Report: https://www.alliedmarketresearch.com/request-for-customization/1895?reqfor=covid
KEY FINDINGS OF THE STUDY
·
In terms of value, the epoxy resins segment is
projected to be the fastest growing segment during the analysis period.
·
Asia-Pacific is projected to maintain its
lead position throughout 2022 and will grow at a CAGR of 7.1%, during the
forecast period.
·
Construction industry occupied for approximately
one-third of the total market in 2015.
·
China occupied for around two-fifths of the
total Asia-Pacific flame retardants market in 2015.
·
In Europe, Germany is expected to
grow at the fastest rate of 6.6% from 2016 to 2022, in terms of value.
In
2015, Asia-Pacific and LAMEA collectively accounted for around half
of the total flame retardants market and is expected to continue this trend due
to increase in infrastructural development, specifically
in China, India, Brazil, and other developing economies.
Moreover, rise in per capita disposable incomes of consumers in turn drives the
demand for high-tech flame retardant automobiles is one of the key factors that
fuel the flame retardants market in the Asia-Pacific region.
Access Full Summary at: https://www.alliedmarketresearch.com/flame-retardants-market
The major companies profiled in
the report include Lanxess AG, The Dow Chemical Company, Albemarle Corporation,
BASF SE, Clariant Corporation, Dover Corporation, Nabaltec AG, and Akzo Nobel
N.V.
About Allied Market Research:
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market Research provides global enterprises as well as
medium and small businesses with unmatched quality of "Market Research
Reports" and "Business Intelligence Solutions." AMR has a
targeted view to provide business insights and consulting to assist its clients
to make strategic business decisions and achieve sustainable growth in their
respective market domains. AMR offers its services across 11 industry verticals
including Life Sciences, Consumer Goods, Materials & Chemicals,
Construction & Manufacturing, Food & Beverages, Energy & Power,
Semiconductor & Electronics, Automotive & Transportation, ICT &
Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with
various companies and this helps us in digging out market data that helps us
generate accurate research data tables and confirms utmost accuracy in our
market forecasting. Each and every data presented in the reports published by
us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology
includes deep online and offline research and discussion with knowledgeable
professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060S
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
No comments:
Post a Comment