Flame Retardants Market Report 2025

The flame retardants market size has grown strongly in recent years. It will grow from $8.42 billion in 2024 to $8.95 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to consumer goods manufacturing, safety concerns in transportation, awareness of fire hazards, electronics industry growth, stringent fire safety regulations.

The flame retardants market size is expected to see strong growth in the next few years. It will grow to $11.84 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to rapid urbanization, increasing electronic device usage, demand for environmentally friendly flame retardants, global efforts to reduce fire incidents. Major trends in the forecast period include advancements in nanotechnology, demand in automotive applications, collaborations for research and development, consumer awareness and product labeling, use in textiles and upholstery, global expansion and market penetration.

The rising demand for electronic products is expected to drive growth in the flame retardants market in the future. This increase in demand for electronics is attributed to technological advancements, rapid replacement cycles, higher disposable income, and shifting consumer preferences. During manufacturing, flame retardants are chemically bonded to the circuit boards of electronic devices, preventing chemicals from leaching into the environment or potentially posing risks to users' health. For example, the India Brand Equity Foundation (IBEF), an export promotion agency of the Indian Government, projects a 30% year-on-year growth in electronics manufacturing from 2020 to 2025, resulting in an output increase of $163.14 billion. Therefore, the growing demand for electronic products will drive an increase in the demand for flame retardants.

The expanding growth of the construction industry is anticipated to boost the flame retardant market in the coming years. The construction sector encompasses a wide range of activities, including the planning, development, design, and erection of structures, infrastructure, and buildings. Flame retardants are essential for enhancing fire safety within this industry, as they are integrated into various materials and products to reduce ignition risk, slow the spread of flames, and minimize smoke production. For example, in November 2023, the U.S. Census Bureau, a primary organization within the U.S. Federal Data System responsible for producing population and economic data, reported that the seasonally adjusted annual rate of construction spending in September 2023 was projected to be $1.99 trillion, reflecting an increase of 8.7 percent (±1.8%) compared to the September 2022 estimate of $1.83 trillion. Thus, the growing construction industry is driving demand for flame retardants.

Product innovations have become a key trend gaining traction in the flame retardants market. Major companies within the flame retardants sector are concentrating on developing innovative products to satisfy customer demand. For example, in September 2024, Asahi Kasei Corporation, a Japan-based chemical company, introduced LASTAN flame-retardant nonwoven fabric. This fabric offers exceptional flame resistance, capable of withstanding temperatures up to 1,300 °C with a limiting oxygen index (LOI) of 50 or higher, ensuring high safety levels in EV battery applications. Its lightweight and flexible design facilitates easy processing into complex shapes, making it a superior alternative to traditional materials for effective thermal runaway protection and improved durability against particle impacts.

Major companies in the flame retardant market are embracing a strategic partnership approach to offer clients comprehensive solutions that meet stringent fire safety regulations while enhancing the performance and sustainability of specific plastic compounds. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For example, in July 2022, BASF SE, a Germany-based manufacturer of flame retardants, announced a collaboration with THOR GmbH. This partnership informs customers and end users about the synergistic advantages of THOR's phosphonated AFLAMMIT technologies combined with BASF's halogen-free flame retardant Flamestab for polyolefins, which typically present challenges in flame resistance applications. This synergy is achieved through their combined expertise in flame-retardant additives. With a focus on halogen-free alternatives to halogen-containing additives, the specialists at THOR and BASF have collaborated for many years to develop intricate solutions that meet stringent flame retardant standards. THOR GmbH is a Germany-based manufacturer of flame retardants.

In March 2024, Azelis, a Belgium-based company specializing in specialty chemicals and food ingredients, announced a partnership with LANXESS. This partnership involves the acquisition of exclusive distribution rights for LANXESS' phosphorus flame retardants, aiming to enhance Azelis' additives portfolio in the CASE market and meet customer needs with innovative solutions. LANXESS is a Germany-based specialty chemicals company that supplies flame retardants.

Major companies operating in the flame retardants market are BASF SE, ICL Group Limited, Albemarle Corporation, J.M. Huber Corporation, Italmatch Chemicals S.p.A., Nabaltec AG, Du Pont de Nemours and Company, Koninklijke DSM NV, Israel Chemicals Limited, Budenheim Chemicals KG, Eastman Chemical Company, Hangzhou Lingrui Chemical Company Limited, Hongbaoli Group Company Limited, Huntsman International LLC, Daihachi Chemical Industry Co. Ltd., DIC Corporation, Dow Chemical Company, Nyacol Nano Technologies Inc., Rinkagaku Kogyo Co. Ltd., RTP Company, Sanwa Chemical Co. Ltd., Shandong Brother Sci. & Tech. Co. Ltd., Tor Minerals International Inc., Tosoh Corporation, UFP Industries Inc., Lubrizol Corporation, Akzo Nobel NV, Clariant International Ltd., Sinopec Shanghai Petrochemical Company Limited.

Asia-Pacific was the largest region in the flame retardants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flame retardants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flame retardants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Flame retardants serve as chemical additives applied to combustible materials, aiming to either prevent the onset of fires or slow down their spread, thereby extending the time available for evacuation. They provide a crucial layer of protection against fire hazards and contribute significantly to enhancing fire safety.

The primary categories of flame retardants include alumina trihydrate, brominated flame retardants, antimony trioxide, phosphorous flame retardants, and others. Alumina trihydrate, for instance, is chemically combined or blended with polymer molecules to impede and reduce the propagation of flames through plastics. Functioning as aluminum hydroxide, alumina hydrate acts as a flame retardant. These flame retardants find wide applications in various materials such as unsaturated polyester resins, epoxy resins, PVC, rubber, polyolefins, and other materials like engineering thermoplastics and PET. Industries such as construction, automotive and transportation, electronics, textiles, aerospace, and adhesives utilize flame retardants to bolster fire resistance in their products and materials.

The flame retardants market research report is one of a series of new reports that provides flame retardants market statistics, including flame retardants industry global market size, regional shares, competitors with a flame retardants market share, detailed flame retardants market segments, market trends and opportunities, and any further data you may need to thrive in the flame retardants industry. This flame retardants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The flame retardants market consists of sales of halogenated and non-halogenated flame retardants. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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