Non Halogenated Flame Retardants Market

Non-Halogenated Flame Retardants Market: Demand from electrical and electronic industry to surpass construction sector demand by 2025: Global Industry Analysis and Opportunity Assessment 2015 - 2025

Flame retardants are polymer additives that are used to increase fire resistance in polymers and slow down the fire spread. Flame retardants are broadly classified into halogenated and non-halogenated flame retardants.

As the name suggests, non-halogenated flame retardants do not contain any halogen. These flame retardants are recyclable and emit less smoke on disposal. Rising concerns regarding environmental impact of halogenated flame retardants is fueling growth of the non-halogenated flame retardants (NHFR) market.

Non-halogenated flame retardants find application in various industries such as plastics, rubber, and textile; among these, plastics is the major end use industry segment. Non-halogenated flame retardants are added to polymers in either reactive or additive form, and are then used in plastics, rubber, and textiles materials.

Market Dynamics

Over the last few years, application of plastics in electrical equipment and consumer electronics industries is increasing at a rapid pace. However, these equipment are flammable. Non-halogenated flame retardants are the ideal choice for putting off such fires.

Plastics play a significant role in the building and construction industry. Roofing, insulation, wall coverings, windows, piping, decks, fences, railing, and plastic house wrap are some of the applications of plastics in a typical house. Plastics are not only aesthetically pleasing, lightweight, and low cost but also very efficient. However, the only caveat here is that in case of fire, it works as an active fuel. So, in order to ensure safety of humans as well as of environment, adoption of non-halogenated flame retardant is expected to grow in the building & construction sector in the near future.

Although non-halogenated flame retardants are effective, they are plagued by certain performance and processing issues in plastics application, which affects physical and chemical characteristics of the end products. This hampers uptake of non-halogenated flame retardant as compared to their halogenated counterpart. However, major players are constantly focused towards investing in R&D activities to find a solution or workaround for this problem.

Product Analysis

On the basis of product type, the non-halogenated flame retardant market is segmented into four segments, namely, metal oxide based, phosphorous based, nitrogen based and others. The others segment mainly includes silicon-, boron-, sulfur- and carbon-based flame retardants. In terms of market value, the phosphorous based segment is projected to exhibit the highest CAGR over the forecast period (2015–2025) and is also expected to create highest incremental $ opportunity between 2015 and 2025.

End-use Industry Analysis

On the basis of end-use industry, the non-halogenated flame retardant market is segmented into four segments namely construction, electrical & electronics, automotive and others. By 2015 end, construction industry is expected to be the largest end-use segment. However, by the end of the forecast period, the segment is expected to lose its dominance to the electrical & electronics industry segment, in terms of market value.

Application Analysis

On the basis of application, the non-halogenated flame retardant market is segmented into nine segments namely, polyolefin, epoxy, unsaturated polyester, rubber, polyvinyl chloride, polyurethane, styrenics, engineering thermoplastics (ETP) and others segment. Because of their growing use in across most industries, polyolefin segment is projected to remain the largest application segment by 2025, expanding at a significant growth rate over the forecast period.

Regional Analysis

Regionally, the non-halogenated flame retardant market is segmented into seven segments namely, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa and Japan. Although North America is expected to remain the largest market between 2015 and 2025, APEJ is expected to emerge as the fastest growing market for NHFR over the forecast period.

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Key Players

Some of the key players in the global non halogenated flame retardant market that have been covered in the report 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. Albemarle Corporation is expected to hold the largest market share in the global non-halogenated flame retardant market by the end of financial year 2014–2015.

FMI study offers a 10-year forecast for the 'global non-halogenated flame retardant (NHFR) market' from 2015 to 2025. In terms of value, the market is expected to expand at a CAGR of 6.4% during the projected period (2015-2025). The study provides in-depth insights about the market dynamics and trends across the globe that are expected to influence the current status and future prospects of the non-halogenated flame retardant (NHFR) market over the forecast period.

The primary objective of the report is to offer updates on the developments in the global NHFR market and provide quantitative as well as qualitative assessment of the market across various product types, applications, end-use industries and regional market segments.

NHFR are flame retardant compounds that do not contain any halogen and thus, are more environment friendly than their halogenated counterparts. These compounds find application in plastics, rubber, and textiles materials; among these, NHFR finds largest application in plastics.

On the basis of product type, the non-halogenated flame retardant market is segmented as follows:

  • Metal oxide based
  • Phosphorous based
  • Nitrogen based
  • Others

On the basis of end-use industry, the non-halogenated flame retardant market is segmented as follows:

  • Building & Construction
  • Electrical & Electronics
  • Automotive
  • Others

On the basis of application, the non-halogenated flame retardant market is segmented as follows:

  • Polyolefin (PO)
  • Epoxy
  • Unsaturated Polyester (UPE)
  • Rubber
  • Polyvinyl chloride (PVC)
  • Polyurethane (PU)
  • Styrenics
  • Engineering thermoplastics (ETP)
  • Others

On the basis of regions, the global non-halogenated flame retardant market is segmented as follows:

  • Asia Pacific excluding Japan (APEJ)
  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • Middle East and Africa
  • Japan

To understand and assess the market opportunities and trends, the report is categorically split into sections such as market overview, analysis by product type, analysis by application, analysis by end-use industry and analysis by region. The report also provides a competition landscape to offer insights about major players in the market.

The report starts with the market overview and provides market definition and analysis about the drivers (demand side and supply side), restraints and key trends in the market. The following section includes market analysis on the basis of product type, followed by end-use industry, application and regions.

All the above sections evaluate the market on the basis of various segments, covering present scenarios and future prospects. The report considers 2014 as base year, with market numbers estimated for 2015. The market has been forecast from 2015 onwards.

To calculate the market size, the report considers average price of NHFR across geographies on a regional basis. Data points such as regional split and market split, by product type, end-use industry and application, and qualitative inputs from primary respondents have been also been incorporated to arrive at apt market estimates. The forecast presented here assesses total revenue as well as volume of NHFR market. When developing the market forecast, the starting point involves sizing the current market, which forms the basis for the forecast of how the market would take shape in the near future. Given the characteristics of the market, we triangulated the outcome on the basis of various analysis considering the supply side, demand side and dynamics of the parent market. However, quantifying the market across aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities in the non-halogenated flame retardant market.

As previously highlighted, the market for NHFR is split into various sub-categories on the basis of region, product type, end-use industry and application. These segments or categories have been analysed in terms of Basis Point Share (BPS) to understand the individual segments’ relative contribution to market growth. This detailed level of information is important for identification of various key trends in the non-halogenated flame retardant market.

Another key feature of this report is the analysis of NHFR market by region, application, end-use industry and product type, and their revenue forecast in terms of absolute $ opportunity. This is usually overlooked while forecasting the market. However, absolute $ opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global NHFR market.

In the final section of the report, the NHFR market landscape is included, in order to provide report audiences with a dashboard view, companies’ presence in NHFR product portfolio and key differentiators. Some of the market players featured in the section are as follows:

  • 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
  • THOR Group Ltd.