Global flame retardant coating additives market is forecast to witness a positive growth of ~5% over the forecast period of 2019-2029. Brominated flame retardant coating additives account for 25% of the market share.
Flame retardant coating additives are applied on furnishings (upholstery, matresses, fabric blinds, curtains etc), consumer goods (laptop boards, mobile phone chips, television, wires and cables), vehicle bodies (fuselage, automotive bodies, train overheads, near wheels etc.,).
The report offers actionable and valuable market insights of Aerospace Flame Retardant Coating Additives. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Aerospace Flame Retardant Coating Additives Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Aerospace Flame Retardant Coating Additives market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Aerospace Flame Retardant Coating Additives
This newly published and insightful report sheds light on Market Insights of Aerospace Flame Retardant Coating Additives, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Aerospace Flame Retardant Coating Additives Market.
Flame retardant coating additives market is poised to surpass US$ 200 Mn by 2020. Flame retardant coating additives act as key ingredients for manufacturing coating based flame retardants and are also used for enhancing the retardancy of the flame. Though bromine occupies major share of the market, phosphorous is growing at a faster rate owing to its less hazardous attributes. Key stakeholders such as Lanxess AG, BASF S.E, Clariant A.G and Dow are leaning towards additives other than bromine as it has been banned for manufacturing flame retardants in Europe and United States.
Key takeaways of Global Flame Retardant Coating Additives Market
- Global flame retardants coating additives market is anticipated to create a value opportunity of around US$ 200 Mn during the forecast period, adding 1.5X times more value as compared to 2019.
- Market consolidation is set to affect the flame retardant coatings additive market by the end of 2029, with Bromine accounting for more than 30% of the market. Intermediate functions are projected to grow at just over 3% CAGR, as they are key agents for the production of flame retardants. Bromine flame retardants are set to decline at a faster pace by 1.8X
- Phosphorus is set to grow at a sluggish 3% during the forecast period of 2019-2029 and is set to gain 800 BPS through 2029.’
- Europe holds the leading share and accounts for 20,000 tons of flame retardant coatings additive production to cater to the requisite demand from flame retardant producers in Europe.
- South Asia & Oceania and East Asian markets are set to grow at a steady pace, due to near absence of demand from these regions
- Global flame retardants coatings additives market is highly consolidated in nature with BASF AG, Lanxess AG, DuPont and Clariant AG as top contenders in the global market
“Global flame retardant coating additives market is in its growth stage in the product life cycle, aided by regulations over conventional products.”says a Fact.MR analyst.
Manufacturers Adopting Inorganic Strategies to Increase their Foothold in Flame Retardant Coating Additives Market.
Flame retardant coating additives market stakeholders such as BASF S.E, Clariant AG, Dow, DuPont, Lanxess AG are keenly looking for captive utilization of flame retardant coating additives for the manufacturing of flame retardants. Stakeholders are also trying to acquire flame retardant additives to enhance their profit margins and also to strengthen their position in the market, thus, leading to lower competition among the market players.
Flame Retardant Coating Additives Market: Analysis on Market Size Evaluation
Flame retardant coating additives market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US$ Mn).
Market estimates at global and regional levels for flame retardant coating additives is available in terms of “US$ Mn” for value and in “Kilo tons” for volume.
A Y-o-Y growth contrast on prominent flame retardant coating additives market segments, along with market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report.
Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global flame retardant coating additives market.
Flame Retardant Coating Additives Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the flame retardant coating additives report, which have helped to deliver projection on the regional markets.
These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of flame retardant coating additives market during the forecast period.
Flame Retardant Coating Additives Market Segmentation
Fact.MR has studied the flame retardant coating additives market with detailed segmentation on the basis type, end-use and key regions.
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