Rising Demand for Sustainable Materials Drives Growth in Flame Retardant Market: A Comprehensive Study

 


Industry Analysis

According to a market report produced by the Data Bridge Market Research team, the Flame Retardants Market had a worth of USD 12.81 billion in 2021. The market is expected to grow and reach USD 20.73 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 6.20% during the forecast period from 2022 to 2029. The report contains detailed analyses of various aspects of the market such as expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.


Market Insights and Scope

Flame retardants refer to a group of chemicals that are used to prevent or slow down the spread of fire by delaying the ignition of materials such as plastics, textiles, construction materials, or electrical gadgets. Examples of flame retardants include aluminum trihydrate, antimony oxides, brominated flame retardants, chlorinated flame retardants, organophosphorus flame retardants, and various other chemical compounds.


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