Flame retardants play a crucial role in providing fire safety and protection in various industries, including construction, electronics, and automotive. Understanding the latest statistics and trends in the flame retardants industry is essential for both businesses and consumers to make informed decisions. In this blog post, we will delve into the fascinating world of flame retardants industry statistics, highlighting key insights and developments shaping this important sector.
The Latest Flame Retardants Industry Statistics Explained
The global flame retardant chemicals market size was valued at USD 7.4 billion in 2019.
The statistic stating that the global flame retardant chemicals market size was valued at USD 7.4 billion in 2019 indicates the total worth of the market for flame retardant chemicals worldwide during that year. This figure suggests the significant economic scale and importance of the flame retardant chemicals industry in providing fire safety solutions for various applications such as construction, electronics, and textiles. It also implies a substantial demand for flame retardant chemicals in the global market, reflecting concerns about fire safety regulations and standards across different industries. The value of USD 7.4 billion highlights the market’s size and potential for growth, making it a crucial sector within the chemical industry.
Asia Pacific held the largest market share of more than 40.0% in terms of volume in 2019.
The statistic indicates that the Asia Pacific region had the highest market share, accounting for over 40.0% of the total volume in 2019. This means that a significant portion of the market activity in terms of quantity or volume can be attributed to countries within the Asia Pacific region. This dominance suggests that the region plays a crucial role in the industry or market being analyzed. Understanding this market share figure can provide insights into the distribution of production, consumption, and trade within the Asia Pacific region compared to other regions globally.
Halogenated flame retardants segment held a share of over 32.6% in 2019.
The statistic “Halogenated flame retardants segment held a share of over 32.6% in 2019” indicates that within the market for flame retardants in 2019, the specific subcategory of halogenated flame retardants accounted for a significant portion of the total market activity. This segment represented more than one-third (32.6%) of the overall market share, suggesting that halogenated flame retardants were a prominent and widely used type of flame retardant during that year. This statistic highlights the importance and prevalence of halogenated flame retardants within the industry and provides insight into the market dynamics and preferences for flame retardant materials among consumers and manufacturers in 2019.
The rigid foam sector of flame retardants is expected to reach $2.47 billion by 2026.
This statistic indicates the projected value of the rigid foam sector within the flame retardants market by the year 2026, with an estimated total of $2.47 billion. Flame retardants are chemicals used to enhance the fire resistance of various materials, including foam insulation. The growing demand for flame retardant materials in construction and manufacturing industries, coupled with increasing safety regulations and awareness regarding fire hazards, is likely to drive the growth of the rigid foam sector within the flame retardants market. The $2.47 billion figure reflects the expected market size and economic value of flame retardants specifically targeted towards rigid foam applications within the industry by the specified year.
Europe GDP growth led to an increased demand by 4% for flame retardants in 2013.
The statistic indicates that the growth in Gross Domestic Product (GDP) in Europe in 2013 resulted in a 4% increase in demand for flame retardants. This suggests a positive correlation between economic expansion and the need for flame retardant products, as higher GDP often correlates with increased industrial activities, construction, and consumer purchasing power, all of which can drive demand for products such as flame retardants. The rise in demand for flame retardants can be attributed to the growing need for fire safety measures in various sectors of the economy, including construction, manufacturing, and transportation, to mitigate fire risks and meet regulatory requirements. Overall, the statistic highlights the interconnectedness between economic growth and industrial demand for specific products like flame retardants in a given market.
Aluminum trihydrate held the largest share in the global flame retardant market with about 39.3% in 2019.
This statistic indicates that aluminum trihydrate, a type of flame retardant, accounted for the highest proportion of market share within the global flame retardant market in 2019, capturing approximately 39.3% of the total market. This suggests that aluminum trihydrate is a widely used and preferred flame retardant product among consumers and industries seeking to enhance fire safety in various applications. The dominance of aluminum trihydrate in the market may be attributed to its effectiveness, affordability, and broad range of uses, making it a key player in the flame retardant industry.
The annual demand for flame retardants in China was estimated to be around 1.52 million tons in 2019.
The statistic that the annual demand for flame retardants in China was estimated to be around 1.52 million tons in 2019 indicates the quantity of flame retardant materials required for various applications such as electronics, construction materials, textiles, and automotive industries in China for that particular year. Flame retardants are crucial in reducing the risk of fires and increasing fire safety in a wide range of products and materials. This statistic reflects the significant consumption of flame retardants in China, highlighting the importance of fire safety measures and regulations in the country’s manufacturing sector and everyday life.
The construction sector used around 29.2% of the total flame-retardants in volume terms in 2019.
The statistic reflects that the construction sector consumed approximately 29.2% of all flame-retardants by volume in 2019. This implies that a significant proportion of flame-retardants are utilized in construction materials and products to enhance fire safety measures within buildings and structures. The high usage of flame-retardants in the construction sector underscores the importance of fire protection in this industry, highlighting the adherence to safety regulations and standards to mitigate fire risks and improve overall building safety. Additionally, this statistic may also indicate the potential environmental and health impacts associated with the use of flame-retardants in construction materials, necessitating sustainable practices and alternatives in the industry.
The global flame retardants market for construction application was valued at around $1.5 billion in 2018.
The statistic indicates that the global market for flame retardants specifically used in construction applications reached a value of approximately $1.5 billion in the year 2018. Flame retardants are chemicals designed to slow or inhibit the spread of fires, making them essential components in building materials to enhance safety and compliance with fire regulations. The valuation of this market at $1.5 billion suggests a significant demand for flame retardants within the construction industry worldwide, highlighting the importance of fire safety measures and regulations in building design and construction practices.
In 2017, the electrical & electronics industry was the largest consumer of flame retardants, accounting for 30% of the market share.
This statistic indicates that in 2017, the electrical & electronics industry was the largest consumer of flame retardants, representing 30% of the total market share for flame retardants. Flame retardants are chemicals or materials that are added to various products to reduce their flammability and slow down the spread of fires. The fact that the electrical & electronics industry accounted for such a significant portion of the market share highlights the importance of fire safety in this particular sector, likely due to the high risk of fire hazards associated with electronic devices and equipment. This statistic suggests that flame retardants play a crucial role in enhancing the fire resistance of products within the electrical & electronics industry, helping to protect individuals and property from fire-related risks.
The Flame Retardant Chemicals Market in North America is projected to reach 805.8 KT by 2020, signifying firm annualized growth of 2.67% between 2015 and 2020.
The statistic indicates that the Flame Retardant Chemicals Market in North America is expected to grow steadily over the forecast period, with a projected market size of 805.8 kilotons by 2020. The annualized growth rate of 2.67% between 2015 and 2020 suggests a consistent and moderate increase in demand for flame retardant chemicals in the region. This growth trend signals a positive outlook for the industry, driven by factors such as increasing awareness of fire safety regulations and the expanding use of flame retardants in various applications. Overall, the statistic highlights a gradual but sustainable expansion of the flame retardant chemicals market in North America in the coming years.
The U.S. flame retardant market size was USD 1.96 billion in 2019.
The statistic ‘The U.S. flame retardant market size was USD 1.96 billion in 2019’ represents the total value of the flame retardant market in the United States for that year. This figure indicates the amount of revenue generated by the sales of flame retardant products within the U.S. market in 2019, reflecting the demand for such products as well as the overall economic activity in the industry. The market size serves as a crucial indicator of the scale and significance of the flame retardant sector in the U.S. economy, providing insights into its growth, trends, and potential opportunities for businesses operating within this market segment.
Revenue from the sale of brominated flame retardants globally is anticipated to reach approximately US$ 2.5 Bn towards the end of the period of assessment (2026).
This statistic indicates that the total revenue generated from the sale of brominated flame retardants worldwide is expected to amount to around US$ 2.5 billion by the end of 2026. This revenue forecast is derived from sales projections and market trends related to brominated flame retardants, which are chemicals used in various industries to reduce the flammability of materials. The figure suggests that there is a significant demand for these products, likely driven by increasing awareness of fire safety regulations and the growth of industries such as electronics, textiles, and construction. The anticipated revenue highlights the economic importance of the brominated flame retardants market and points towards potential opportunities for companies operating in this sector.
The chlorinated segment in the Flame Retardants market is expected to grow at a CAGR of 4.8% until 2025.
The statement “The chlorinated segment in the Flame Retardants market is expected to grow at a CAGR of 4.8% until 2025” means that the market segment specifically focused on chlorinated flame retardants is projected to increase its annual growth rate by 4.8% from the current year until the year 2025. This prediction suggests a positive trend in demand for chlorinated flame retardants over the specified time frame, indicating potential opportunities for businesses operating within this segment of the market to expand their operations and capture a larger market share. The Compound Annual Growth Rate (CAGR) serves as a useful metric to analyze the steady growth rate of the market segment, allowing industry stakeholders to make informed decisions and strategic plans based on this anticipated growth trajectory.
It is forecasted that China would witness a shift in the flame retardant chemical industry with CAGR of 3.67%, mainly driven by the construction and electronic industries.
The statistic indicates that China’s flame retardant chemical industry is predicted to experience a shift characterized by a Compound Annual Growth Rate (CAGR) of 3.67%. This growth is forecasted to be primarily fueled by increased demand from the construction and electronic industries. The CAGR provides a measure of the industry’s average annual growth rate over a specified period of time, reflecting the industry’s potential for expansion in the coming years. The prominence of the construction and electronic sectors suggests that the demand for flame retardant chemicals in China is likely to increase as these industries continue to grow, highlighting opportunities for market expansion and development in this sector.
The global flame retardant apparel market is predicted to expand at a CAGR of 6.5% from 2018 to 2027.
The statistic indicates that the global flame retardant apparel market is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.5% from 2018 to 2027. This means that the market is expected to increase by an average of 6.5% each year during this period. The forecast suggests a positive trend in the demand for flame retardant apparel, which are clothing items designed to resist ignition and minimize fire hazards. Factors contributing to this growth could include increasing safety regulations in industries such as oil and gas, construction, and manufacturing, as well as a growing awareness of workplace safety practices. Companies operating in the flame retardant apparel industry may benefit from this projected market expansion by tapping into new opportunities and meeting the evolving needs of consumers for safer workwear.
Flame retardant chemicals market in automotive is expected to grow at a CAGR of 5.7% from 2017 to 2025.
This statistic indicates the anticipated compound annual growth rate (CAGR) for the flame retardant chemicals market in the automotive industry between 2017 and 2025. A CAGR of 5.7% suggests that the market is expected to experience steady growth over the specified period. This growth rate implies a consistent annual increase in the demand for flame retardant chemicals within the automotive sector, likely driven by regulatory requirements, technological advancements, and a growing emphasis on enhancing safety standards in vehicles. This projection provides valuable insights for investors, industry stakeholders, and policymakers seeking to understand and capitalize on the expected expansion of the flame retardant chemicals market within the automotive industry.
The epoxies product segment is projected to witness significant growth at a CAGR of 4% from 2020 to 2026 in the flame retardants market.
The statistic indicates that the epoxies product segment within the flame retardants market is forecasted to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 4% from the year 2020 to 2026. This suggests that demand for flame retardants in the form of epoxies is expected to steadily increase over the specified period. The projected growth rate of 4% implies a positive trend in market expansion and points towards potential opportunities for manufacturers and suppliers operating in this segment. This statistic provides valuable insights for stakeholders looking to capitalize on the growth potential within the flame retardants market, specifically focusing on the epoxies product category.
The market size of flame retardant masterbatches is expected to reach USD 13,654.8 Million by 2027 at a CAGR of 5.3%.
The statistic provided indicates that the market size of flame retardant masterbatches, a type of additive used in plastics to improve fire resistance, is projected to grow significantly over the next few years. Specifically, the market is expected to reach a value of USD 13,654.8 Million by the year 2027, reflecting a Compound Annual Growth Rate (CAGR) of 5.3%. This growth rate signifies the annualized rate at which the market is forecasted to expand, suggesting a steady and consistent increase in demand for flame retardant masterbatches driven by factors such as stringent fire safety regulations, increasing awareness about the importance of fire safety, and rising utilization of plastics in various industries.
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