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Global Industry Hub. (Oct, 2024). Flame Retardant Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2032) Global Industry Hub. Retrieved
Report ID: GIH 1108 | Oct 2024 | Format:
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Global Industry Hub. (Oct, 2024). Flame Retardant Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2032) Global Industry Hub. Retrieved
The Flame Retardant Market size was valued at US$ 10.54 Bn in 2025, it is estimated to grow at a CAGR of 7.16% from 2025 to 2032 and reach US$ 17.06 Bn by the end of 2032. Flame retardants will be driven by increasing consumption of fire-resistant products in distinct end-use industries like electrical & electronics, transportation, construction, and others. The flame retardant-based materials are increasingly used by such industries during their manufacturing process so as to meet with the emerging fire safety and prevention norms.
Flame retardants refer to additives used in materials such as plastics, textiles, and surface coatings to prevent or suppress the spread of fire or slow it down. Flame retardants are now a part and parcel of electronic & electrical components, wires & cables, construction, appliances, among others. The consumption of flame retardant chemicals incorporated into a wide range of products such as electronics, furniture foam, and building insulation for attaining the highest standards of flammability increased the market for flame retardants. Inclusion of flame retardant Improves fire security on flammable materials and products.
Growth Drivers for Flame Retardant Market
Some of the major players functioning in the flame retardant industry include:
Product Segment
Non-halogenated segment held the largest market share in the year 2024 of the flame retardant market and is expected to follow the same trend over the estimated time period due to several environmental initiatives that have been undertaken for the reduction of usage of the halogenated compounds. These are highly demanded for applications requiring extreme protection to flames, including aerospace, military, wire and cable, building and construction, automotive, and others.
Ammonium polyphosphate is one of the most growing non-halogenated phosphorus-based flame retardants. Phosphate esters are highly effective in urethane foams and engineered resin systems. Non-halogen flame retardants are considered nontoxic and do not emit gases that cause potential harm while on fire. These are considered green additives and can act as stand-alone additives without a synergist to deliver the desired performance. The above factors propel the growth of the segment.
Application Segment
The epoxy resins segment held the largest share of the flame retardant market in 2024 and is expected to sustain the position throughout the forecast period. The segment is expected to sustain the position throughout the forecast period owing to the increasing flame-resistant epoxy resins extensively used in building & construction, aerospace, rail, coatings, composites, adhesives, civil engineering, and marine applications. Epoxy resins are formulated; thus, it is adaptable to several industries and products. It works for a longer time and gives fire safety during its all-product life cycles.
The flame retardant market is expected to grow rapidly for the polyolefins segment over the forecast period. Polyolefins help in not spreading the fire and also prevent the polymer from dripping. Mattresses, carpets, roofing and siding, construction, components in trains and planes, transportation interiors, and others, which require flame retardants in polyolefin fabrics. Thus, fuelling the expansion of the segment.
End-use Segment
The electrical & electronics segment was the leading segment of the flame retardant market during the period covered by the forecast. This region has witnessed strong growth in the electrical and electronics industry, mainly driving the growth. Adding flame retardant to E&E products reduces the possibility of short circuits that may lead to fire. Flame retardants ensure consistent safety from switches to micro-assemblies, casings, printed circuits, and several more E&E components.
Report Coverage | Details |
---|---|
Base Year | 2024 |
Base Year Value | USD 27.60 billion |
Forecast Value | USD 2.1 billion |
CAGR | CAGR of 8.04% |
Forecast Period | 2025-2032 |
Historical Data | 2020-2024 |
Largest Market | North America |
Fastest Growing Market | Asia Pacific |
Segments Covered | Product, Application, End-use, and Regions |
Region Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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Driver
Growing demand from various end-use industries
Increased demand for fire retardants across various end-use industries would contribute to rising market growth during the forecast period. The manufacturers and vehicle manufacturers have to strictly comply with the fire safety standards set in end-use segments. The market is experiencing high usage of fire-resistant products in various end-use industries like building & construction, electrical & electronics, transportation, textile, oil & gas, and others. The said industries are using flame retardant widely for more safety and to maintain the requirements according to fire-related regulations.
Flame retardants protect various equipment and materials, including circuit boards, wires, furniture foam, car seats, transportation interiors, infant mattresses, paint & coatings, television cases, building insulation, fabric blinds, and many more, from ignition and the spreading of fires. With such an increased number of diverse industries wanting to reduce and eliminate fire risks, the demand for flame retardants is growing and likely to lead to market growth within the next forecast period.
Restraint
Rising environmental and health issues
In the following years, the increasing environmental and health issues due to the use of conventional flame retardants will further result in lacklustre growth of the market for flame retardants in the given forecast period. Fame-retardant chemicals including brominated and chlorinated are harmful to the environment and humans. The manufacturing process of flame retardants employs several harmful chemicals that may cause different health disorders, which may include respiratory troubles, weakness, conjunctival irritation, dizziness, skin diseases, and many more.
Further, a number of regulatory bodies across the world such as U.S. EPA and European Union Legislation have established a large number of standards and regulations that restrict the use of harmful chemicals for the manufacture of flame retardants such as HBCD. Therefore, is restricting the growth of the market.
Opportunities
Rising importance on fire safety regulations
Some international authorities and regulatory agencies around the world are imposing strict fire safety standards that will offer a gigantic market opportunity for the flame retardant market during the forecasting period as it eliminates the chances of fire breakouts and losses. Such strict regulations will likely boost the demand for flame retardants in oil & gas, chemical manufacturing, construction, textiles, electric & electronics sectors, and even automotive industry.
Technical advancement coupled with R&D activities has heavily increased the demand for the various electrical & electronic devices. The popularity of electrical & electronic devices coupled with the customer inclination towards the compact gadget has improved the usage of flame retardants for fire protection solutions. Therefore, improving the growth of the market.
North America is expected to record a significant CAGR in the flame retardant market during the forecast period. North America dominates with the United States and then Canada. Fast-increasing infrastructure in this region as well as fast-paced investment in electric vehicles, increased demand for electrical components, from wiring, power cables, connectors, and other applications in construction & building, electronics, and automotive, propel growth in this region. In addition, the intensification of government initiatives for fire safety is expected to increase the demand for flame retardants in various applications.
Asia Pacific dominated the market for flame retardants in 2024. The growth of the region is attributed by rapid industrialization & urbanization, large population base of population, rising infrastructural development projects, easy availability of raw materials, including chemicals required for flame retardant production, and rising demand for consumer electronics and appliances.
The major growth drivers for the flame retardant market in Asia Pacific include developing economies such as China, Japan, and India, owing to rising construction of residential and commercial buildings, growing public awareness about safety standards, and surging demand for flame retardant chemicals in various sectors within construction, electrical & electronics, automotive, textiles, and aerospace to meet safety regulatory requirements. Besides, tight government rules associated with fire safety and the large number of fire accident cases in the Asia-Pacific region is driving flame retarding material demand in the forecast period. In such a scenario, this will support market growth in the region during the forecast period.
Segments covered in the report
By Product
By Application
By End-use
By Geography
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25 Oct 2024 This Report Contains the Latest Market Numbers, Statistics & Data Aavailable