Industry Insights
Non halogenated flame retardants (NHFR) are used to induce flame
retardant property to the manufactured products mainly polymers and
textiles. Flame retardants control flame production to prevent spread of
fire. NHFR finds application in major end-use industries including
electrical, transportation, and construction. Growth in these industries
is expected to drive the market over the next five years.
Need for durability, insulation, and safety is addressed by flame
retardants in many applications. These emit less heat and produce less
smoke compared to bioaccumulation which causes halogens dangerous for
human health as well as environment. This advantageous factor is likely
to augment NHFR market growth over the forecast period. Stringent
regulatory policies over the usage of halogenated retardants in many
countries is anticipated to have positive impact on non halogenated
retardants market growth over the foreseeable future.
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EPA in U.S., WEE and REACH in Europe, and CEPA in Canada are few
regulatory bodies protecting environment and consumers by various flame
retardants policies regulation. Favorable market condition is expected
to open new opportunities for the market participants over the next five
years. However, their process function involves high loading and many
drawbacks which is likely to hinder the market growth in near future.
Product Insights:
Aluminium hydroxide was the largest product segment of NHFR in terms
of volume, and is expected to grow at a CAGR of 7.2% over the
foreseeable period. Phosphorous based product segment covered over 48%
of the revenue in 2013. Phosphorous based retardant is growing at a CAGR
of 8.2% and is expected to be the largest product segment in terms of
revenue over the next five years.
Application Insights:
Epoxy resins and UPE trailed by polyolefins are the major application
segment of non halogenated retardants in terms of volume as well as
revenue in 2013, and the trend is expected to continue over the next
five years. Styrenics has been the lowest performing segment over the
recent past, while rubber was the slowest growing segment ans is
expected to witness the same over the forecast period. other
applications include PVC and ETP.
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End-Use Insights:
Construction sector was the major application segment in 2013. About
34% of the total revenue generated in 2013 was from this industry.
Electrical industry was the second major and fastest growing application
segment of NHFR. Growth in electrical industry on account of growing
infrastructure spending in emerging nations is expected to drive the
market over the foreseeable future. Furniture and textile was the least
sharing application segment in 2013 and is expected to experience the
same over the next five years.
Regional Insights:
North America was the dominant market accounting for over 38% of the
total volume share in 2013, and is expected to grow at CAGR of 6.8% over
the forecast period. Stringent regulatory system regarding usage of
halogenated retardants is expected to drive the market over the
foreseeable future. Increasing infrastructure spending in emerging
nations of Asia Pacific such as India and China is expected to have
positive impact on NHFR market in the region. RoW was the lowest
regional market owing to leniency in fire control regulation. However,
increasing awareness among consumers regarding fire safety and control
is likely to boss the market demand in this region over the next five
years.
Competitive Insights:
NHFR market is moderately fragmented by large number of players
accounting for over 65% of the total market share. Some key players
operating in the global market include Chemtura, Albemarle, Clariant
International Ltd, ICL, Huber Engineered Materials, BASF SE, Italmatch
Chemicals, Thor Group Ltd., FRX Polymers, Lanxess AG, DuPont, and
Delamin.
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