Flame-retardants are compounds added to or applied in surface treatment of potentially flammable materials, including textiles and plastics. They inhibit, delay production of, or suppress flames to curb the spreading of fire. The Asia-Pacific market for flame-retardant chemicals is expected to grow at a healthy pace of 6.4 % i.e. from $3.51 billion in 2015 to $4.8 billion during the forecast period. With 47% of the global market share, Asia-Pacific is the largest market for flame-retardants and it is also the fastest growing. China is the largest and the fastest growing market followed by India, Japan and ASEAN countries.
- Advertising -
ACCESS FULL REPORT AND TOC:www.reportsandmarkets.com/reports/…ography-2017-2022
Flame-retardants can be divided into sectors by their application: electronic and electrical appliances, construction, wire & cable, automotive, textiles, and others. The largest two sectors are construction and electronic & electrical appliances, together occupying more than 45% of the total market.
Electronic & electrical appliances along with wire & cable are the fastest growing markets; this growth can be credited to the rise in demand for consumer electronics goods. The automotive flame-retardant market is expected to grow driven by the growth of the automotive industry in Asia-Pacific.
- Advertising -
A high GDP growth correlates to high construction activities and rise in the standard of living. The emergence of stringent fire safety standards and legislations in China, India, Japan and the ASEAN countries acts as a growth driver for the use of flame-retardants.
By composition, the key flame-retardants in the Asia Pacific market are- aluminum hydroxide, halogenated compounds, organophosphorus, nitrogen based compounds, inorganic compounds and organic compounds like nanocomposites and expandable graphite. Aluminium hydroxide is the most widely used and a fast growing sector due to its low adverse health effects and effectiveness as a smoke suppressant.
Halogenated flame-retardants occupying a major market share are a facing reduced dependence and a gradual phasing out due to their unfavorable health effects and emergence of alternative raw materials including metal hydroxides. Several harmful chemicals have been restricted through legislations in various countries or voluntarily phased out by manufacturers due to their health concerns.
What the Report Offers:
Extensive market analysis, with regional and global specific assessments
Key insights on rising prospects and market scenarios
Micro and macro factors affecting both globally and regionally
In-depth competitor analysis
Identification of key drivers and restraints for the market and an updated market definition
Reasons for Getting this Report:
Any report gives an in-depth analysis on a plethora of topics that could prove beneficial for any business. By possessing this report, you will:
Have valuable insights on trends and prospects.
Gain an exhaustive understanding of the worldwide market.
Recognise industry players and possess key industrial financial information.
Have an in-depth understanding of the factors driving and restraining the market.
Category: Market Research Publishers and RetailersCompany profile: Reports And Markets are part of the Algoro Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Are you mastering your market? Do you know what the market potential is for your product, who the market players are and what the growth forecast is? We offer standard global, regional or country specific market research studies for almost every market you can imagine ...
For more information: