Europe is the third largest flame retardant market in the world, accounting for 22% of the global market share.
- time:
- 2019-05-11
According to reports issued by foreign market research institutions, the European flame retardant market will grow at a steady rate of 5.3% by 2020, exceeding $2.1 billion. Europe is the third largest flame retardant market in the world, accounting for 22% of the global market share.
According to applications, flame retardants can be classified into the following types: electronic and electrical applications, construction, wire and cable, automobiles, textiles, and others. Among them, construction and electronic and electrical applications account for 45% of the total market.
The fastest growing market is in the field of electronic and electrical applications and wires and cables, which is mainly attributed to the growth in consumption of electronic products. Strict European fire safety standards and regulations also promote the use of flame retardants.
Chlorine-containing flame retardants, which have always occupied a major share of the European market, are now facing a crisis of diminishing and phasing out. This is due to its adverse health effects and the emergence of alternative raw materials such as metal hydroxides.
