Future Market Insights (FMI) delivers key insights on the global
non-halogenated
flame retardants market in its latest report titled
“Non-Halogenated Flame Retardants (NHFR) Market: Global Industry
Analysis and Opportunity Assessment 2015 – 2025”.
NHFR are flame retardant compounds that do not contain any halogen.
These are more environment friendly than their halogenated
counterparts. These compounds find application in plastics, rubber,
and textiles materials. Among these, they find largest application in
plastics.
Growing use of plastics in the construction industry, driven by
rising urbanisation is propelling demand for NHFR worldwide. NHFR are
widely used in automotive plastics, which significantly increases its
demand from the transportation and automobile industry across the
globe.
Rising concerns regarding the environmental impact of halogenated
flame retardants is fuelling growth of the non-halogenated flame
retardants market. Non-halogenated flame retardants can be recycled
and also produce relatively low and non-toxic smoke as compared to
its other counterparts.
Implementation of stringent environmental regulations across the
globe is encouraging adoption of non-halogenated flame retardants,
especially in the electrical & electronics industry, which is
expected to be the fastest growing segment in the market over the
forecast period.
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The global non-halogenated flame retardants market is segmented on
the basis of product type, end-use industry, application and region.
Among product types, the phosphorous based segment accounted for the
largest value share in the global non-halogenated flame retardants
market in 2014, followed by the metal oxide based and nitrogen-based
segments respectively. The phosphorous-based segment is projected to
remain the largest segment throughout the forecast period, creating
an incremental $ opportunity of US$ 1,117.2 Mn between 2015 and 2025.
Building & construction industry accounted for the largest
end-use industry segment in 2014, followed by electrical &
electronics and automotive & transportation segments
respectively. However, electrical & electronics is projected to
emerge as the largest end-use industry segment by the end of the
forecast period. The electrical & electronics segment is expected
to create incremental $ opportunity of US$ 699.7 Mn between 2015 and
2025.
Application-wise, the NHFR market is segmented into polyolefin (PO),
epoxy, unsaturated polyester (UPE), rubber, polyvinyl chloride (PVC),
polyurethane (PU), styrenics, engineering thermoplastics (ETP) and
others.
The report also offers in-depth information about the market across
seven major regions, namely, North America, Latin America, Western
Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle
East & Africa and Japan.
In 2014, North America accounted for the largest market value share
in the global NHFR market, followed by Western Europe and APEJ
respectively. Developed regions namely, North America, Western Europe
and Japan collectively accounted for approximately three-fourth value
share of the overall market in 2014. APEJ is expected to emerge as
the fastest growing market for non-halogenated flame retardants over
the forecast period.
The key players in the non-halogenated flame retardants market that
have been covered in this study 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.
accounted for the largest market share in the global non-halogenated
flame retardant market by the end of financial year 2014–2015.
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