The global Textile Flame Retardants Market size is expected to reach USD 717.0 million by 2030, as per a new report by Grand View Research, Inc. registering a CAGR of 3.6% during the forecast period. The market growth is attributed to the rise in product demand from end-use industries such as industrial manufacturing, transportation, and defense. Flame retardants are chemicals used to retard flame propagation in textiles, plastics, building & construction, electrical & electronics, transportation, and defense applications. They exhibit different chemical compositions and are classified into halogenated and non-halogenated types.
In
addition to increased scrutiny from regulatory agencies around the world,
developments in chemical sciences have increased the demand for the product.
Regulations aimed at reducing the risk of fires have also been implemented as a
result of this. In the creation of textile materials with flame retardants
integrated, a variety of retardants, including aluminum trihydroxide,
brominated, chlorinated, antimony oxides, and organophosphorus, are used. They
are used in the production of styrene, epoxy resins, engineering
thermoplastics, and polyolefins.
Significant
R&D activities focused on developing new offerings for the market have led
to the introduction of bio-based products. This is projected to upsurge product
demand, thereby further expanding its application scope. However, the market
for bio-based products is still in the nascent phase and is projected to grow
in line with commercialization and consumer cognizance.
Related Press
Release@ Textile
Flame Retardants Market Report
Textile Flame Retardants Market Report Highlights
- The
brominated product type accounted for around 70.0% revenue share in the
halogenated product segment in 2021. The growth is attributed to the
increase in product consumption in the treatment of furniture cushions,
lampshades, curtains, privacy curtains, and drapery
- The PU
segment is anticipated to expand at the highest CAGR of 5.9% from 2022 to
2030 in terms of revenue, owing to its use in various applications, which
include textile coatings, fibers, and foams
- The durable
type segment held around 54% of the revenue share in 2021. Durable type
products include materials that form cross-linked structures on the fiber
or react covalently with the fiber
- The foam
coating segment is anticipated to advance at 4.4% CAGR during the forecast
period owing to its use to inhibit or retard combustion of flammable
constituents, including foam
- The
industrial end-use segment has emerged as one of the prominent segments
and is anticipated to expand at 3.5% during the projected period, owing to
the use of flame retardants in construction and manufacturing
activities
- The Asia
Pacific product market is driven by improved safety measures against fire,
high demand from end-use industries, favorable government initiatives, and
technological developments in developing economies. Flame retardants are
used for producing workers’ uniforms in the mines
- Evolution of
organophosphorus compounds owing to their enhanced flame retardancy
properties is expected to present new opportunities for the
phosphorus-based product market in the near future, especially in Europe
and North America
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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