Flame retardants are the compounds which when added to materials such as plastics products, electrical devices, construction materials or textiles delays the production of flames to prevent the spread of fire. There are various types of flame retardant such as aluminum trihydrate, antimony oxides, brominated flame retardant, chlorinated flame retardant, organophosphorus flame retardants, and other flame retardant chemicals.
Usage of flame retardant market is increasing in the electronic industry due to its property of decreasing the flammability of combustible substances. Some of the major end user applications of flame retardant market include building & construction, electronics, automotive & transportation, wires & cables, textiles & other applications.
Some of the major factors driving the flame retardant market are high demand from current & emerging applications, demand from emerging economies, advancement in technology, increased security measures and the new regulatory guidelines for reducing toxic chemicals. Governments across the globe are setting improved safety standards for smoke and flammability range in different products.
The growth in automotive, construction and other major end use industries are increasing the demand of flame retardant market globally. Nanotechnology is expected to play a major role in improving performance of a flame retardant market in the years to come.
The major growth opportunities for the flame retardant market includes equipment & electronics, automotive & construction, in the emerging economies especially the one which are expanding in the infrastructure applications. The growth in these segments in emerging economies is likely to increase the market demand for flame retardant and the products based on it.
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