According to a new technical market research report, The Global Market for Flame-Retardant Chemicals (CHM014K) from BCC Research, the global market for flame-retardant chemicals generated $4.1 billion in 2008. This should increase to $6.1 billion in 2014, for a compound annual growth rate (CAGR) of 7%.
The consumption of flame-retardant chemicals worldwide in 2008 was more than 3.2 billion pounds. BCC estimates this volume to reach nearly 4.3 billion pounds worldwide by 2014, for a CAGR of 4.9%. Price increases for most products will have an impact on the average annual growth rate of the market's sales.
The Global Market for Flame-retardant Chemicals is a detailed report covering the plastics, textiles, wood/paper, coatings/paper, coatings/construction and coatings/decorations market applications. The report assists in strategic planning for companies supplying flame retardants to customers in these markets, as well as end-users of flame retardants and flame-retardant products, and those needing further information about this industry. Information is provided to support estimates.
The benefits of protecting people from death and property from damage resulting from fires must be weighed against exposure to chemicals that are potentially harmful to human health and the environment. The impact these regulations have on the industry is multidimensional. This study discusses the flame-retardant chemicals market resulting from this balancing act between fire-retardant requirements and environmental regulations.
Estimates of market share by product application and chemical types are provided and analyzed. Regional consumption by chemical and by application is presented. The industry structure, including major suppliers, is also discussed.