The global flame-retardant materials market was USD 7.10 billion in 2022 and is expected reach USD 11.60 billion by 2030 with a CAGR of 5.45% during the forecast period, i.e., 2023-2030. Flame-retardant materials are substances that inhibit or resist the spread of flames, reducing the risk of fire and slowing down the combustion process. These materials are crucial in various industries, including construction, electronics, textiles, and transportation, where fire safety is paramount. Common flame-retardant additives include halogenated compounds, phosphorus-based chemicals, and mineral fillers like alumina trihydrate. These additives interfere with the combustion process, either by releasing flame-quenching gases or promoting the formation of a protective char layer.
The demand for flame-retardant materials is driven by stringent safety regulations, especially in construction and automotive sectors, where fire hazards pose significant risks. Increasing awareness of fire safety in consumer products, such as electronics and textiles, also fuels demand. Growing urbanization and infrastructure development contribute to the need for fire-resistant construction materials. Additionally, the expanding electronics industry, with a focus on smaller and more powerful devices, increases the importance of flame-retardant materials to ensure the safety of electronic components.
Despite the demand, the global flame-retardant materials market faces challenges. Environmental concerns surround certain traditional flame retardants, such as halogenated compounds, due to their potential toxicity and persistence in the environment. Striking a balance between fire safety and environmental sustainability remains a challenge. Additionally, stringent regulations in some regions restrict the use of certain flame retardants, necessitating the development of alternative, more eco-friendly solutions. Balancing cost considerations, especially in industries with narrow profit margins, and ensuring compatibility with different materials pose additional challenges for the growth of the global flame-retardant materials market.
In October 2023, LG Chem unveiled a flame-resistant battery cover material capable of withstanding a 2,732°F flame for over 20 minutes, designed to counteract thermal runaway, a leading cause of battery fires in electric vehicles (EVs). Developed with LX Hausys, the thermoplastic material surpasses existing options, offering enhanced protection and this advancement aims to mitigate EV safety concerns, giving passengers more time to evacuate and potentially suppressing fires.
Browse 75 market data Tables and 45 Figures spread through 226 Pages and in-depth TOC on "Flame-Retardant Materials Market, by Type (Brominated, Nitrogen, Chlorinated, Phosphorous, Antimony Oxide, Aluminum Trihydrate, and Others), by Application (Polyolefin, Epoxy, PVC, Rubber, and Others), by End-Use Industry (Automotive and Transportation, Textile, Electrical & Electronics, Construction, and Other End-Use Industry), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Global Forecast to 2030
By type, Aluminum Trihydrate dominate the global flame-retardant materials market.
Based on the type, the global flame-retardant materials market is segmented into Brominated, Nitrogen, Chlorinated, Phosphorous, Antimony Oxide, Aluminum Trihydrate (ATH), and others. In 2022, Aluminum Trihydrate (ATH) dominated the global flame-retardant materials market due to its effectiveness, versatility, and environmental compatibility. ATH releases water vapor when exposed to heat, suppressing flames and cooling surfaces. Widely used in plastics, rubber, and textiles, ATH is a preferred choice for fire safety in various applications. For instance, in the construction industry, ATH is added to coatings and materials to enhance fire resistance, making it a key player in promoting safety without compromising performance.
“The Asia-Pacific (APAC) is expected to register the fastest CAGR during the forecast period in the global flame-retardant materials market.”
The Asia-Pacific is expected to registered the highest CAGR the global flame-retardant materials market owing to due to rapid industrialization, stringent safety regulations, and the growing construction sector. Countries like China and India witness significant demand for flame-retardant materials in construction, automotive, and electronics industries. For instance, China's robust manufacturing sector and India's expanding infrastructure contribute to the region's prominence. The need for fire safety solutions in densely populated urban areas further amplifies the demand, solidifying Asia-Pacific's leadership in the global flame-retardant materials market.
Some of the major players in the global flame-retardant materials market include Akzo Nobel, BASF SE, Chemtura Corporation, Clariant International Ltd., DOW, Eastman Chemical Company, Israel Chemicals Ltd, Albemarle Corporation, Hangzhou Lingrui Chemical Co. Ltd., Hongbaoli Group Co. Ltd., Huntsman International Llc, Lanxess AG, Muby Chemicals, Nabaltec AG, and Sasol Limited.
Global Flame-Retardant Materials Market Coverage (By Value)
Type Insight and Forecast 2018-2030
Application Type Insight and Forecast 2018-2030
End-use Industry Process Insight and Forecast 2018-2030
Automotive and Transportation
Electrical & Electronics
Other end-use industry
Global Flame-Retardant Materials Market by Region
By End-use Industry
By Country – U.S., Canada, and Mexico
By End-use Industry
By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
By End-use Industry
By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
Rest of the World
By End-use Industry
By Region – Middle East and Africa, and South America