Global flame retardant chemicals market was estimated at 2.1 million tons in 2014, which is expected to reach 2.2 million tons in 2015 at a AGR of 5.2%. In addition, the market is expected to reach 2.9 million tons in 2020 growing at a CAGR of 6.1%. Asia-Pacific is the largest consumer of flame retardant chemicals which accounted for over 44% of the global market share in 2014, followed by North America and Europe with approximately 23% and 22% shares respectively. Non-halogenated flame retardants are gaining more traction across regions due to their environment friendly nature, whereas the demand for the halogenated flame retardants are declining due to their high toxicity levels, especially in North America and Europe owing to stringent regulations.
CHEMICAL | OCT 8, 2015