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Non Halogenated Flame Retardants Market Size

Report ID: GMI730
Published Date: Aug 2016
Report Format: PDF

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Non Halogenated Flame Retardants Market Size

Non Halogenated Flame Retardants Market size was more than $1 billion in 2015 and will grow over 8% from 2016 to 2024. Increasing demand of polymer from automobile and construction industry in BRICS nations coupled with rising concerns over toxicity will drive the market in future.

Non Halogenated Flame Retardants Market Outlook

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Polymer is touted to substitute steel in automotive manufacturing process to reduce weight and advance efficiency which may positively influence the non-halogenated flame retardants market share. Polymers are highly inflammable and catch fire due to overheating, electric failure or lighters. Demand supply mismatch for key raw materials including aluminum hydroxide, nitrogen hydroxide and phosphorous may act as a restraint for the market. High demand for aluminum and phosphorous hydroxide from manufacturing industries may hamper the business outlook.

Non Halogenated Flame Retardants Market Report Attributes
Report Attribute	Details
Base Year:	2015
Non Halogenated Flame Retardants Market Size in 2015:	1 Billion (USD)
Forecast Period:	2016 to 2024
Forecast Period 2016 to 2024 CAGR:	8%
2024 Value Projection:	3.4 Billion (USD)
Historical Data for:	2013 to 2015
No. of Pages:	113
Tables, Charts & Figures:	192
Segments covered:	Application, Product, End Use and Region
Growth Drivers:	Positive regulatory outlook Increasing plastic/polymers demand from transportation industry Rising infrastructure and construction spending
Pitfalls & Challenges:	Performance deficiency against halogenated flame retardants

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Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The non-halogenated flame retardants market valued over USD 1 billion in 2015 and is projected to grow over 8% through 2024.

The non-halogenated flame retardants market share from phosphorous will depict 8% through 2024. Due to their superior smoke suppressant properties, phosphorous compounds are projected to fare well through the forecast period.

The non-halogenated flame retardants market size from the construction sector is expected to surpass exceed USD 1 billion by 2024 due to rising demand of fire safety material in the construction sector.

The Asia Pacific region is expected to witness over 8% gains due to the major spending in India and China. The existence of manufacturing facilities and fire safety concerns will support the market growth.