The factors that drive the market include high demand
from current & emerging applications, emerging economies and advancement in
technology, the global flame retardant chemicals market is expected to grow at
a compound annual growth rate (CAGR) of 11.25% and reach US$14.32 billion by
2022 from $6.1 billion in 2014.
Whereas increasing costs and strong government
regulations are major restraints of the market. Construction and automotive
industry and other major end-user industries of flame retardant chemicals are
on a boom globally.
Flame Retardant Chemicals market is segmented by
type, by product, by application, by end-user and by geography. Depending on
the various types, market is segmented into Aluminum Hydroxide, Brominated
Flame, Chlorinated and Organo Phosphorous. Based on the Products, it is
segregated as Wood/Paper, Textiles, Plastics, Coatings/Paints and
Decorations/Others. Based on the Applications, it is classified into
Polystyrene, Polyolefins and Polyvinyl Chloride. Based on End-users, it is
categorized as Acrylonitrile Butadiene Styrene, Polyethylene, Polycarbonates
and Polypropylene. By geography, the market is segmented into North America,
Europe, Asia-Pacific and Rest of the World. Asia-Pacific accounts the largest
share in the market, followed by North-America.
The key players in the Flame Retardant Chemicals
market include Akzo Nobel Polymer Chemicals LLC, Clariant AG, Martinswerk GmbH,
DIC Corporation, Dover Chemical Corporation, Royal DSM NV, ICL Industrial
Products, Supresta LLC, Synalloy Corporation and The Dow Chemical Company.
For more information visit: http://www.marketresearchreports.com/stratistics-mrc/global-flame-retardant-chemicals-market-outlook-2014-2022
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