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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Flame Retardant Masterbatches Market Outlook
The global flame retardant masterbatches market attained a value of almost USD 2530.67 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 10.2%.
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The industry is being driven by the increasing construction activities, globally. The growing automotive sector in North America and Asia Pacific regions is further driving the industry growth.
Market Segmentation
Flame retardant masterbatches incorporated with plastics are widely used as a building material. It conforms to significant fire security laws. The various types of flame retardant masterbatches include:
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- Brominated
- Chlorinated
- Organophosphorus
- Antimony Oxides
- Alumina Trihydrate (ATH)
- Others
The market can be broadly categorised based on:
- Resin
- PE
- PP
- ABS
- PS
- PC
- Others
- End Use
- Automobile
- Building and Construction
- Electrical and Electronics
- Consumer Products
- Packaging
- Others
The EMR report looks into the regional flame retardant masterbatches markets like North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa.
Market Analysis
The global flame retardant masterbatches market is being driven by the rising popularity of non-halogenated flame retardant chemicals. However, the stringent government regulations in Europe and North America regarding the usage of toxic flame retardants are expected to hamper the growth of the market. The Asia Pacific leads the market, owing to the rising complexity of vehicles in India and China. Japan, being one of the top three producers of automotive vehicles in the world, provides further impetus to the growth of the industry in the Asia Pacific region, and thus, aids the global market growth as well.
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Based on types, alumina trihydrate accounted for the significant market share in 2017 due to its high demand in the production of thermoplastics, particularly in developing economies like China, India, and Brazil. The building and construction segment is dominating the market, currently, due to the increasing demand for the product in the construction sector to provide superior structural integrity.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global flame retardant masterbatches market, looking into their capacity and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Albemarle Corporation (NYSE: ALB)
- BASF SE (ETR: BAS)
- Clariant AG (SWX: CLN)
- Nouryon Chemicals Holding B.V.
- LANXESS AG (ETR: LXS)
- DIC Corporation (TYO: 4631)
- Tosaf Compounds Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Resin |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Flame Retardant Masterbatches Market Report Snapshots
Flame Retardant Masterbatches Market Size
Flame Retardant Masterbatches Market Analysis
Flame Retardant Masterbatches Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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