SAN FRANCISCO, September 21, 2017 /PRNewswire/ --
Global Flame Retardant Chemicals Market is segmented on the basis of product type as Inorganic, and Organic.
Chemical that is combined with combustible materials to avert ignition of these materials is known as flame retardant chemical. It offers them resistance to combustion. The rate of combustion of these materials can be hampered and restrained with the addition of these compounds. Their employment can be done by grouping them with other chemicals as well as utilizing them separately. The Construction industry is extensively employing these chemicals in production of insulation materials as well as in paints and coatings. It has also found its widespread applications in flame retardant coating, military tents, and wood & textiles. The growth of the market relies on the price of feedstock and raw materials that are needed in the manufacture of these chemicals. Due to its rising benefits and applications, the product is gaining huge recognition across the globe.
The key factors that are contributing in the market growth may include technological advancement, mounting security measures, implementation of government regulations for the reduction of toxic chemicals, rising demands from various sectors, rise in the applications, developing economies, growth of automotive and construction sector, and enhanced safety standards. In addition, development of nanotechnology is also contributing in boosting the market growth.
The factors that are hampering the market growth may include its detrimental nature to the surrounding.
It has been estimated that the Flame Retardant Chemicals Market will experience the highest CAGR in the next couple of years.
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As far as the geographical region is concerned, Asia Pacific is lately dominating the market and it is estimated that the region will witness a huge upsurge in the forthcoming years, the reason being growth of construction, rise in the industrialization, urbanization, mounting demands across various sectors, rising applications, developing automotive and electronics industries, increasing awareness among the masses regarding the use of the product, and implementation of strict regulations regarding safety.
In contrast, North America and Europe are also coming up as one of the promising regions in the upcoming years owing to rise in the market growth opportunities and developing nations.
Flame retardant chemicals market is segmented on the basis of type of chemicals as
• Antimony Oxide
• Organophoshorus Based
• Aluminium Hydroxide
Flame Retardant Chemicals Market is segmented on the basis of application as
• Electronics and Electrical Industry
Flame Retardant Chemicals Market is segmented on the basis of geographical region as
• North America
• Southeast Asia
The key players operating in the Flame Retardant Chemicals Market are recognized as
• Hunan Yixiang Technology
• J.M. Huber Corporation
• Kyowa Chemical Industry Co., Ltd
• DOW CORNING
• Jiangsu Yoke Technology Co., Ltd
• Liside New Material
• Jinan Taixing Fine Chemicals Co.,Ltd
• Zhejiang Chunan Additives Factory
• Israel Chemicals Ltd
• Hike chemical Co., LTD.
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