Brominated Flame Retardant Coating Additives to Account for 20% of Market Share
Global flame retardant coating additives market is forecast to witness a positive growth of ~5% over the forecast period of 2019-2029. Brominated flame retardant coating additives account for 25% of the market share.
Flame retardant coating additives are applied on furnishings (upholstery, matresses, fabric blinds, curtains etc), consumer goods (laptop boards, mobile phone chips, television, wires and cables), vehicle bodies (fuselage, automotive bodies, train overheads, near wheels etc.,).
Factors such as the utilization of bromine in flame retardant additive coatings to the aforementioned applications will bolster market growth.
The market is further getting impetus with an increase in consumer consciousness to safeguard their goods from unexpected fire hazards.
Brominated flame retardant coating additives are mostly used due to their easy availability and extensive use in consumer goods.
Regional Policies are set to Impede Flame Retardant Additive Coatings Market Growth
Many additives have been banned in USA and North America such as Penta-BDE and octa-BDE owing to adverse effects such as endocrine and thyroid disruption, impacts on the immune system, fetal and child development defects, reproductive toxicity etc.,.
Slight decline in the market on the supply side from 2020-2025 is expected due to restriction on production of prohibited products.
Furthermore, constriction on transportation of hazardous materials over long distances is also prohibited, making the barriers higher for new entrants in the market.
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Europe and North America to Outperform Other Regions in Flame Retardant Coating Additives Market
From the regional perspective, North America and Europe together account for more than 70% of the market share. Flame retardant coating additives production cluster is positioned in North America followed by Europe.
US is set to be a strategic location for the production of flame retardant coating additives as it provides enormous opportunities due to the presence of end-user users and solid supply chain management.
Moreover, the region has lesser number of regulations as compared to Europe.
Furthermore, there is low demand of flame retardant coating additives in emerging regions such as South Asia, East Asia and Middle East & Africa due to its niche and limited applications.
Oceania has moderate growth due to increase in applications of flame retardant coating additives and frequent fire hazard situations in the region.
Production of Sustainable Flame Retardant Coating Additives to Remain Key Market Imperative
Global flame retardant coating additives market is consolidated in nature. Top three players in market account for over 50% of revenue share at a global level.
Prominent players with established market presence in flame retardant coating additives market are
- Albemarle corporation
- Israel chemicals,
- Lanxess AG
- Clariant AG
- BASF S.E
- Nabaltec AG
- Italmatch Chemicals.
Market leaders such as Lanxess AG have adopted inorganic as well as organic approaches such as acquisition of Chemtura in 2017 and adoption of backward integration for expanding their foothold in flame retardant coating additives market.
Italmatch has acquired RecoPhos project technology from Israel chemicals. RecoPhos is the recovery of phosphorus technology, which Israel Chemicals is strategically looking to utilize in the production of phosphorus type flame retardant coating additives.
These strategically timed moves by key stakeholders portray a clear image of growing demand for phosphorus flame retardant coating additives.
Major stakeholders of flame retardant additives such as Lanxess, Dow, DuPont and BASF are being impacted negatively due to law suits filed against them.
This has led BASF S.E to produce greener poly flame retardant coating additives and still capture a major chunk of the market share.
Stakeholders inching towards circular economy such as Clariant AG are heightening production of Exolit OP to maintain flame retardancy in automotive parts.
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Flame Retardant Coating Additives Market Segmentation
Fact.MR has studied the flame retardant coating additives market with detailed segmentation on the basis type, end-use and key regions.
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Flame Retardant Coating Additives Market- Scope Of The Report
The recent study by Fact.MR on flame retardant coating additives market offers a 10-year forecast between 2019 and 2029.
The study analyzes crucial trends that are currently determining the growth of flame retardant coating additives market.
This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of flame retardant coating additives.
The study also provides dynamics that are responsible for influencing the future status of the flame retardant coating additives market over the forecast period.
A detailed assessment of flame retardant coating additives value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report.
A list of prominent companies operating in the flame retardant coating additives market along with their product portfolio enhances the reliability of this comprehensive research study.
Flame Retardant Coating Additives Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in flame retardant coating additives market across the globe.
A comprehensive estimate on flame retardant coating additives market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of flame retardant coating additives during the forecast period.
Price point comparison by region with global average price is also considered in the study.
Flame Retardant Coating Additives Market: Analysis on Market Size Evaluation
Flame retardant coating additives market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US$ Mn).
Market estimates at global and regional levels for flame retardant coating additives is available in terms of “US$ Mn” for value and in “Kilo tons” for volume.
A Y-o-Y growth contrast on prominent flame retardant coating additives market segments, along with market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report.
Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global flame retardant coating additives market.
Flame Retardant Coating Additives Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the flame retardant coating additives report, which have helped to deliver projection on the regional markets.
These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of flame retardant coating additives market during the forecast period.
Country-specific valuation on demand for flame retardant coating additives has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries.
For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Flame Retardant Coating Additives Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of flame retardant coating additives along with their detailed profiles.
Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the flame retardant coating additives, has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player.
Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in flame retardant coating additives market.
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