In a recent published report, Kenneth Research has updated the market report for Flame Retardant Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Flame Retardant Market products.
Request of this Sample Rpeort – https://www.kennethresearch.com/sample-request-10008909
The global Flame Retardants market was valued at USD 5.08 billion in 2016 and is projected to reach USD 7.23 billion by 2025, growing at a CAGR of 4.0% from 2017 to 2025.
The occurrences of a building catching fire are increasing at an alarming rate. Many construction companies and other industries are now taking care while construction or up gradation of an existing facility. Flame retardants are gaining a lot importance and with rise in construction activity the demand for flame retardants is expected to grow rapidly.
1. Market Drivers
1.1 Stricter fire safety regulations
1.2 Increasing demand in end-use industries
2. Market Restraints
2.1 Environmental and health concerns regarding usage of flame retardants
The global Flame Retardants market is segmented on the basis ofproduct, application, end-useand region.
1. By Product:
1.2 Phosphorous Flame Retardants
1.3 Brominated Flame Retardants
1.4 Chlorinated Flame Retardants
1.5 Antimony Oxide
2. By End-Use:
2.3 Building and Construction
2.4 Wires & Cables
3. By Application:
3.2 Unsaturated Polymer
3.9 PET and PBT
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Chemtura Corporation
2. Clariant International Ltd.
3. Israel Chemicals Ltd.
4. Lanxess AG
5. DOW Chemical Company
7. Albemarle Corporation
8. Nabaltec AG
9. Huber Engineered Materials
10. BASF SE
11. Italmatch Chemicals
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Flame Retardantsmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
Access Full Report here – https://www.kennethresearch.com/report-details/global-flame-retardant-market/10008909
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Name: Kenneth research
Phone: +1 313 462 0609