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Textile Flame Retardants Market Trends

  • Report ID: GMI8809
  • Published Date: Apr 2024
  • Report Format: PDF

Textile Flame Retardants Market Trends

The market has witnessed several notable trends that are contributing to its growth trajectory. One prominent trend is the increasing demand for sustainable and eco-friendly flame-retardant solutions driven by growing environmental awareness and regulatory pressures. Manufacturers are focusing on developing and adopting alternative flame-retardant technologies, such as phosphorus-based, nitrogen-based, or mineral-based formulations, which offer improved sustainability profiles and reduced toxicity compared to traditional options.
 

Additionally, innovation in flame retardant chemistry is enabling the development of novel formulations that provide effective fire protection while minimizing environmental and health impacts. Furthermore, rising safety concerns in various industries, including construction, automotive, and aerospace, are fueling the demand for flame-retardant textiles to enhance fire safety standards and compliance with regulations. Moreover, the expansion of end-use industries, particularly in emerging economies, is creating new opportunities for market growth as the need for flame-retardant materials in infrastructure, transportation, and consumer goods continues to rise. These trends underscore a shift towards sustainable solutions, technological advancements, and increased awareness of fire safety, all of which are driving the growth of the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.

Textile Flame Retardants Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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