Global Flame Retardant Chemical Market Trends , Business strategy and Opportunities with Key Players Analysis 2021-Acute Market Reports : Acute Market Research Report
Published : DEC 2015 | No Of Pages : 140
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Product Synopsis
The global market of the flame retardant chemicals is expected to grow at a CAGR of 7.3 % during 2015-2021 . Flame retardants are the chemicals that can be mixed with the base materials as additive flame retardants or can also be chemically bonded to it as reactive flame retardants . These chemicals are usually used to suppress , delay or inhibit the production of flames so that spread of fire can be prevented . These flame retardant chemicals are used in the manufacture of number of products across a number of industries such as building and construction , automotive and transportation industry , wires and cables and last but not the least textile industry . The major factors driving the market are the increasing regulations for safety in case of fire borne hazards , extensive use of flame retardant chemicals in various sectors such as furnishing , transportation , and electronic equipments . Continuous research and development is done in the field . As a result of which development of better quality of chemicals such as non-halogenated flame retardants are produced , and their market size is also increasing . Although , there are many factors which are driving the market but there are certain factors which act as a restraint for the market such as health concerns and stringent environmental regulations . Also , the
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