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