Halogen-Free Flame Retardants Market : Growth, Industry Trends And Global Forecast 2023 To 2032 | Clariant AG, LANXESS, J.M. Huber Corporation, Nabaltech AG, BASF SE

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The Business Research Company's Halogen-Free Flame Retardants Global Market Report 2023 identifies growing health concerns regarding the use of halogen-based flame retardants because of the polluted environment as the major driver for the Halogen-Free Flame Retardants market's growth in the forecast period. Several regulations are being introduced for the growing concerns regarding human health through environmental pollution, which had resulted in the ban of several halogen-based flame retardants across the world, and as a result, increases the demand for the halogen-free flame retardants market. For example, in February 2020, the European Union, a Europe-based supranational political and economic union (EU), approved Regulation (EU) 2019/2021, a set of rules. As of March 1, 2021, halogenated flame retardants were also prohibited from being used in plastic enclosures and stands for electronic displays.

The global halogen-free flame retardants market size is expected to grow from $4.77 billion in 2022 to $5.27 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The halogen-free flame retardants market size is expected to reach $7.74 billion in 2027 at a CAGR of 10.1%.

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Major competitors in the Halogen-Free Flame Retardants market are Clariant AG, LANXESS, J.M. Huber Corporation, Israel Chemicals Limited, Nabaltech AG, BASF SE, Celanese Corp., RTP Company, Kisuma Chemicals B.V., Amfine Chemical Corporation, Albemarle Corporation, ICL, Nabaltec AG, Akzo Nobel N.V., Italmatch Chemicals S.p.A., Greenchemicals SpA, DuPont, Dongying Jingdong Chemical Co. Ltd., Arkema, KPL International Limited, and Axipolymer Incorporation.

A key trend in the Halogen-Free Flame Retardants market includes technological advancement. Major companies in the halogen-free flame retardants market are advancing in their new technologies and research and developments halogen-free flame retardants market. For instance, in July 2022, BASF a Germany - based manufacturer and chemical producer, and THOR GmbH, a Germany-based manufacturer of chemical products, combined their expertise to introduce non -halogenated flame retardance additives- a vital component for plastic components or composites that are frequently used in transportation, construction, domestic, and industrial applications since unintentional exposure to heat and flame can cause catastrophic damage and put lives in danger.

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The Halogen-Free Flame Retardants market is segmented -
By Type: Aluminum Hydroxide, Organophosphorous, Other Types

By Application: Polyolefins, Epoxy Resin, Unsaturated Polyester, Polyvinyl Chloride, Rubber, Engineered Thermoplastic, Styrenics, Other Applications

By End User: Textile, Transportation, Wires And Cables, Electrical And Electronics, Building And Construction

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Halogen-Free Flame Retardants market.

The Business Research Company's "Global Halogen-Free Flame Retardants Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Halogen-Free Flame Retardants Market Include:
1. Executive Summary
2. Halogen-Free Flame Retardants Market Characteristics
3. Halogen-Free Flame Retardants Market Trends And Strategies
4. Halogen-Free Flame Retardants Market - Macro Economic Scenario
5. Halogen-Free Flame Retardants Market Size And Growth
……
26. Africa Halogen-Free Flame Retardants Market
27. Halogen-Free Flame Retardants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Halogen-Free Flame Retardants Market
29. Halogen-Free Flame Retardants Market Future Outlook and Potential Analysis
30. Appendix

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