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Time: 2017-02-17

[China plastics online news]

The global market for flame-retardant chemicals is expected to grow steadily over the next five years to reach $10.34 billion in 2019, according to a report by French specialty chemicals.

In terms of regional markets, the growth of the European market for flame-retardant chemicals has been relatively stable, it said. The market for flame retardant chemicals in the asia-pacific region will continue to grow rapidly, mainly because the development of emerging economies in the asia-pacific region has promoted the demand for flame retardant chemicals, especially the acceleration of industrialization in major countries such as China, Japan and India. The north American market for flame retardant chemicals continues to grow at a healthy and steady pace. However, markets in the Middle East, Africa and Latin America have yet to reach their full potential, although their growth rates are optimistic. Emerging economies' booming consumer markets, including equipment and electronics, cars and construction, will increase demand for flame-retardant chemicals as they provide more opportunities for manufacturers and suppliers.

People in the industry said that the demand for fire safety in industrial, living and other applications is the main reason for the rapid growth of the market, especially in the construction, automobile and electronics industries. Among them, the construction market is the target market of flame retardant products ****.