Kenneth Research has evaluated the current market opportunities in Global Report on Flame Retardant Chemical Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
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 $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Report on Flame Retardant Chemical Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Flame retardants are the chemicals that can be mixed with the base materials as additive flame retardants or can also be chemically bonded to it as reactive flame retardants. These chemicals are usually used to suppress, delay or inhibit the production of flames so that spread of fire can be prevented. These flame retardant chemicals are used in the manufacture of number of products across a number of industries such as building and construction, automotive and transportation industry, wires and cables and last but not the least textile industry.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The major factors driving the market are the increasing regulations for safety in case of fire borne hazards, extensive use of flame retardant chemicals in various sectors such as furnishing, transportation, and electronic equipments. Continuous research and development is done in the field. As a result of which development of better quality of chemicals such as non-halogenated flame retardants are produced, and their market size is also increasing. Although, there are many factors which are driving the market but there are certain factors which act as a restraint for the market such as health concerns and stringent environmental regulations. Also, the increasing cost of the chemicals used in the production is increasing which is acting as a hurdle for the market.
Global flame retardant chemicals market can be segmented based on a number of factors such as on the basis of its type it can be divided in categories such as Aluminum trihydrate, Brominated, Antimony Oxide, and Organo phosphorous. On the basis of end user it can be divided as those used in building & construction industry, electronics industry, automotive and transportation industry, textiles industry etc. The geographic analysis done by us explains that Asia-pacific region has the largest share followed by North America. The major market leaders of the field are Basf Se, Chemtex speciality limited, Signum etc.
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Companies profiled includes
1. Acoustical Surfaces
2. Acuro organics ltd.
3. Akzo Nobel N.V
4. Albemarle Corporation
5. Alfa India
6. Basf Se
7. Bayer Materialscience Lanxess
8. Broadview technologies
9. Chemtex speciality limited
10. Chemtura Corporation
11. Chicago tribunes
12. Clariant Ag
13. E.I. Du Pont De Nemours And Company
14. Eco Star
15. Hanwha
16. ic Corporation
17. Inolex
18. Israel Chemicals Ltd (ICL)
19. Jiangsu ENTC Nuclear Technology joint stock Co. Ltd.
20. JJI Technologies Painsville, OH
21. Lanxess ic Corporation
22. Mags Novel
23. Nantong luolai chemical fibre co. ltd.
24. Niknam chemicals pvt. Ltd.
25. Pyrotech Addison
26. Rheinchemie Additives
27. Runyuan
28. Signum
29. TCI Chemicals pvt. Ltd.
30. Turning Star, Inc. Leonia NJ
This Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR up to 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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