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Textile Flame Retardants Market Share
The textile flames retardants industry experiences substantial growth driven by several critical factors, buoyed by industry giants such as Clariant AG, BASF SE, Lanxess AG, Dow Chemical Company, and Huntsman Corporation. Firstly, relentless technological advancements and innovations in flame retardant formulations continually improve the efficacy and sustainability of textile flame retardants, ensuring compliance with evolving industry standards and stringent regulatory requirements. Moreover, the escalating awareness of fire safety, particularly in sectors like construction, automotive, and healthcare, fuels the demand for flame retardant textiles, underpinning market expansion.
Furthermore, the global proliferation of end-use industries and infrastructure projects presents new avenues for the adoption of flame-retardant solutions, propelling market growth. Additionally, strategic collaborations and partnerships among major players streamline research and development endeavors, expediting product innovation and market penetration. Collectively, these dynamic factors synergize to drive the robust growth of the textile flame retardant market, with industry leaders spearheading innovation to meet the ever-growing demands of diverse sectors worldwide.
Textile Flame Retardants Market Companies
Major players operating in the market include:
- Akzo Nobel N.V.
- Albemarle Corporation
- Archroma
- BASF SE
- Clariant AG
- DIC Corporation
- Dow Chemical Company
- Huntsman Corporation
- ICL Group
- Italmatch Chemicals
- Jiangsu Yoke Technology Co., Ltd.
- Lanxess AG
- Nouryon
- Sinochem Group
- Thor Group
Why is the appeal for halogenated flame retardants rising?
Halogenated flame retardants market size was USD 202 million in 2023 and is expected to depict substantial growth from 2024 to 2032, owing to the rising regulatory requirements for fire safety standards, especially in sectors like construction and transportation.
How big is the textile flame retardants market?
Industry size for textile flame retardants was valued at USD 572 million in 2023 and is expected to grow at over 3.7% CAGR from 2024 to 2032, due to the increasing awareness regarding fire safety and the growing need for protective clothing in industrial environments.
What factors are influencing textile flame retardants market growth in North America?
North America industry accumulated a revenue of USD 185.1 million in 2023 and is expected to expand at notable CAGR from 2024 to 2032, attributed to the rising awareness of fire safety in residential and commercial spaces.
Who are the key textile flame retardants industry players?
Akzo Nobel N.V., Albemarle Corporation, Archroma, BASF SE, Clariant AG, DIC Corporation, Dow Chemical Company, Huntsman Corporation, ICL Group, Italmatch Chemicals, Jiangsu Yoke Technology Co., Ltd., Lanxess AG, Nouryon, Sinochem Group, Thor Group are some of the major textile flame retardants companies worldwide.