Flame Retardant Coating Additives Market

Brominated Flame Retardant Coating Additives to Account for 20% of Market Share

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.,).

Factors such as the utilization of bromine in flame retardant additive coatings to the aforementioned applications will bolster market growth.

The market is further getting impetus with an increase in consumer consciousness to safeguard their goods from unexpected fire hazards.

Brominated flame retardant coating additives are mostly used due to their easy availability and extensive use in consumer goods.

Regional Policies are set to Impede Flame Retardant Additive Coatings Market Growth

Many additives have been banned in USA and North America such as Penta-BDE and octa-BDE owing to adverse effects such as endocrine and thyroid disruption, impacts on the immune system, fetal and child development defects, reproductive toxicity etc.,.

Slight decline in the market on the supply side from 2020-2025 is expected due to restriction on production of prohibited products.

Furthermore, constriction on transportation of hazardous materials over long distances is also prohibited, making the barriers higher for new entrants in the market.

Europe and North America to Outperform Other Regions in Flame Retardant Coating Additives Market

From the regional perspective, North America and Europe together account for more than 70% of the market share. Flame retardant coating additives production cluster is positioned in North America followed by Europe.

US is set to be a strategic location for the production of flame retardant coating additives as it provides enormous opportunities due to the presence of end-user users and solid supply chain management.

Moreover, the region has lesser number of regulations as compared to Europe.

Furthermore, there is low demand of flame retardant coating additives in emerging regions such as South Asia, East Asia and Middle East & Africa due to its niche and limited applications.

Oceania has moderate growth due to increase in applications of flame retardant coating additives and frequent fire hazard situations in the region.

Production of Sustainable Flame Retardant Coating Additives to Remain Key Market Imperative

Global flame retardant coating additives market is consolidated in nature. Top three players in market account for over 50% of revenue share at a global level.

Prominent players with established market presence in flame retardant coating additives market are 

• Albemarle corporation
• Israel chemicals,
• Lanxess AG
• Clariant AG
• BASF S.E
• Dow
• DuPont
• Nabaltec AG
• Italmatch Chemicals.

Market leaders such as Lanxess AG have adopted inorganic as well as organic approaches such as acquisition of Chemtura in 2017 and adoption of backward integration for expanding their foothold in flame retardant coating additives market.

Italmatch has acquired RecoPhos project technology from Israel chemicals. RecoPhos is the recovery of phosphorus technology, which Israel Chemicals is strategically looking to utilize in the production of phosphorus type flame retardant coating additives.

These strategically timed moves by key stakeholders portray a clear image of growing demand for phosphorus flame retardant coating additives.

Major stakeholders of flame retardant additives such as Lanxess, Dow, DuPont and BASF are being impacted negatively due to law suits filed against them.

This has led BASF S.E to produce greener poly flame retardant coating additives and still capture a major chunk of the market share.

Stakeholders inching towards circular economy such as Clariant AG are heightening production of Exolit OP to maintain flame retardancy in automotive parts.

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.

• By Type :

  • ATH
  • Antimony Oxide
  • Brominated
  • Chlorinated
  • Phosphorous
  • Zinc Sulfide
  • Zinc Oxide
  • Boron Compounds
  • Others

• By End-use :

  • Aerospace
  • Automotive and Transportation
  • Building and Construction
  • Electronics and Appliances
  • Furniture
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

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