The global non-halogenated flame retardants market size accounted for USD 4,285 million in 2024 and is expected to exceed around USD 7,893 million by 2034, growing at a CAGR of 6.3% from 2024 to 2034.
The non-halogenated flame retardants market is growing due to a rise in awareness of fire safety and environmental sustainability. These compounds reduce flammability and respond to strict regulations on toxic emissions. They are used in industries such as electronic sectors, construction, textiles, and automotive. The need for eco-friendly choices is rising, especially in regions with strict fire safety laws. Advancements in product composition that enhance effectiveness, expanding construction sectors in emerging nations, and the rise of electronic devices are driving the growth of this market.
The non-halogenated flame retardants market is seeing obstacles to growth, including high production costs and several competitors in the market. Lack of awareness and slow regulatory enforcement in some areas also prevents market sales growth. Nevertheless, there is significant potential for growth in the non-halogenated flame retardants market with advances in chemical and material sciences which enhance the performance and quality of products. There is also growing emphasis on sustainability along with investments in research and development will open up access to emerging economies.
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| Stats ID: | 7116 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7116 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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