The Non-Halogenated Flame Retardant Market is estimated to be valued at US$ 4.2 Mn in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Non-halogenated flame retardants are compounds that are added to plastics, textiles, coatings and other materials to inhibit, suppress or delay the production of flames to prevent the spread of fire. They do not contain bromine or chlorine and are environment friendly. Aluminum trihydroxide, organophosphorus compounds and nitrogen compounds are some of the common types of non-halogenated flame retardants. They provide effective flame retardancy while also meeting stringent environmental and health standards.

Market Key Trends:

One of the key trends driving the non-halogenated flame retardant market growth is the increasing demand from end-use industries such as construction, electronics, automotive and textiles. Several developed countries are banning the use of halogenated flame retardants due to environmental and health concerns. This is boosting the demand for environment-friendly and safer non-halogenated flame retardants from various industries. Additionally, the growing electronics and automotive industries in Asia Pacific are also fueling the consumption of non-halogenated flame retardants. The stringent fire safety regulations worldwide related to industries utilizing flammable plastic materials is further propelling the market growth.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the non-halogenated flame retardant market is moderate due to the high capital required for manufacturing facilities and technology. Bargaining power of buyers: The bargaining power of buyers is high due to the availability of a variety of alternatives. Buyers can negotiate on prices by leveraging competitive rivalry in the industry. Bargaining power of suppliers: The bargaining power of suppliers is low because raw material required are widely available from numerous suppliers. Threat of new substitutes: The threat of new substitutes is moderate as ongoing RD is exploring substitutes without compromising on safety. Competitive rivalry: Intense.

SWOT Analysis

• Strength: Non-halogenated flame retardants are eco-friendly and can be used across various applications without harming the environment.
• Weakness: High production cost compared to their halogenated counterparts. Lack of consistency in meeting stringent flame retardancy standards.
• Opportunity: Growing preference for sustainable and non-toxic materials across industries. Increasing regulations prohibiting halogenated flame retardants will boost demand.
• Threats: Availability of cheaper halogenated flame retardants restricts volume growth potential. Stringent safety norms associated with production and use.

Key Takeaways

The global non-halogenated flame retardant market is expected to witness high growth, exhibiting CAGR of 8.1% over the forecast period, due to increasing stringent regulations prohibiting usage of toxic halogenated flame retardants across various industries.

Regionally, the Asia Pacific non-halogenated flame retardant market accounted for the largest market share in 2023 owing to the growth of industries like construction, electronics, and automotive in China, India and other developing nations. Europe and North America are also expected to register significant growth due to increasing demand for sustainable and non-toxic materials.

Key players operating in the non-halogenated flame retardant market are Clariant International Limited, Albemarle Corporation, Israel Chemical Limited, Italmatch Chemicals S.p.A, Chemtura Corporation, Nabaltec AG, FRX Polymer Inc, Huber Engineered Material, Amfine Chemical Corporation, and THOR Group Ltd. Manufacturers are focusing on developing innovative and high performance products to strengthen their position in the market.