Credence Research, the leading business intelligence provider, has published its latest research, "Flame Retardant Masterbatches Market 2026", which gives insights into Flame Retardant Masterbatches in the Global market. The report determines the market size for 2018, along with forecasts until 2026. It is built using data and information sourced from exclusive databases, primary and secondary research, and in-house analysis carried out by Credence Research’s team of industry experts.Browse Here For Full Report: [URL]https://www.credenceresearch.com/report/flame-retardant-masterbatches-market[/URL]
Market Insights:
Demand for flame retardant masterbatches is driven by the robust growth of the construction and automotive sector in the major regions that includes North America, Europe and Asia Pacific. The growing construction sector is one of the key factors resulting in the robust growth of the flame retardant materbatches market at present. U.S, Germany, China, Japan and India are the major countries driving the growth of the global construction industry. Flame retardant masterbatches that are incorporated with plastics find major use as building materials and also comply with important fire safety regulations.
Further, non-halogenated flame retardant chemicals are gaining more popularity among end-users as these are environment friendly and being recommended by various regulatory bodies. Environment regulations restricted the use of halogenated flame retardants such as brominated and chlorinated flame retardants encouraging research and development activities to formulate non-toxic flame retardants that can withstand heat and flame with minimal effect on the environment.
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However, stringent government regulations regarding the usage of toxic flame retardants is one of the key factors slowing down the growth of the market. Brominated and chlorinated flame retardants are the two mostly preferred and widely used halogenated flame retardants, as they are further used in wide range of consumer products such as computers, televisions, motor vehicles, electronics, carpets, and furniture.
These flame retardants can cause harmful effects which can damage the body systems. When these flame retardants degrade, they also end up in household dust, where they are mostly inhaled and ingested. Europe and North America have restricted the use of such chemicals and graded them to be toxic pollutants under Stockholm Convention held in the year 2012.
This trend could be adopted in Asia-Pacific as well due to growing environmental concern in the region. Therefore, restrictive legislations over the use of halogenated flame retardants is a key factor hampering the growth of the halogenated flame retardant based masterbatches market.
Leading Players:
Major players operating in the flame retardant masterbatches market include Akzonobel N.V., Albermarle Corporation, BASF S.E., Clariant S.E., Dover Corporation, Lanxess A.G., DowDupont Inc., Polyplast Muller GmbH, Ampacet Corporation and Cromex S.A. among others.
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