TAGS: Innovation in Flame Retardants
The halogen-free flame retardants market is projected to reach USD 6.2 billion by 2025, at a CAGR of 8.60% from USD 4.1 billion in 2020. The shift towards more environment-friendly alternatives will increase the demand for halogen-free flame retardants, which, in turn, will drive market growth.
Market by Type, End-use and Region
Aluminum Hydroxide - Largest Type of Halogen-free FR Market
Aluminum hydroxide is a low-cost mineral-based or inorganic halogen-free flame retardant. It is added physically into the polymer matrix, where the polymers processing temperature is below 200ºC. When exposed to a heat source, inflammable gases (for instance, carbon dioxide) and water are released. The large share of this market segment can primarily be attributed to the more effective properties and better stability of organophosphorus halogen-free flame retardants than aluminum-based halogen-free flame retardants.
Electrical & Electronics - Largest End-use Industry
Rising manufacturing of wires & cables and the demand for high-quality consumer electronics will drive the market. Electrical & electronic products generate heat during operations. They often have plastic components, which leads to the possibility of said components heating up enough to pose a fire hazard; hence, halogen-free flame retardants are necessary.
North America - Largest Market by Region
North America is expected to dominate the halogen-free flame retardants market, followed by Europe. The strict regulations in these regions regarding the use of safer chemicals across all industry products will drive the market for halogen-free flame retardants. The rising demand for safer consumer electronics and strict fire safety regulations for residential & commercial building materials will generate the demand for halogen-free flame retardants. Non-halogenated flame retardants are used in textiles, home furnishings, and furniture to reduce the risk of fire hazard.
Source: M&M