Inorganic flame retardant chemical market is expected to grow at a significant CAGR during the forecast period. The major factors contributing to the growth of the market include the rising application in the building and construction industry due to stringent safety regulations. According to the United States Fire Administration and the National Fire Protection Association (NFPA), 1.3 million fires were recorded in the US in 2019, resulting in 3,700 human fatalities, 16,600 civilian injuries, and $14.8 billion in property damage.
Flame retardants are especially crucial nowadays, as high amount of electrical and electronic equipment in today’s buildings, along with a higher volume of combustible materials, might raise the risk of fire. Flame retardants can be found in a range of building and construction materials used in houses, workplaces, and public facilities, such as schools and hospitals, to improve fire safety. Flame retardants are the chemicals that are added to thermosensitive materials such as wood, plastic, rubber, fibers, etc. to make prevent them from catching fire or spreading fire. Nitrogen, graphite, silica, and inorganic phosphates, and poly phosphate-based products are included in inorganic flame retardant chemicals. Furthermore, the demand for inorganic flame retardant chemicals in electrical and electronic devices is boosting the growth of the market.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By Application
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- 3M Company, Adeka Corp., AkzoNobel N.V., Albemarle Corp., and Daihachi Chemical Industry Co. Ltd.
Inorganic Flame Retardant Chemical Market- Segmentation
By Type
Non-Halogenated Inorganic Flame Retardant Chemical
- Aluminium Hydroxide
- Magnesium Hydroxide
- Boron Compounds
Halogenated Inorganic Flame Retardant Chemical
By Application
- Building and Construction
- Electronics and Appliances
- Wire and Cable
- Automotive
- Others
A full Report of Inorganic Flame Retardant Chemical Market is Available at: https://www.omrglobal.com/industry-reports/inorganic-flame-retardant-chemical-market
Inorganic Flame Retardant Chemical Market-By region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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