Flame Retardants Market Size

Flame Retardants Market size was over USD 9.37 billion in 2024 and is poised to reach USD 25.73 billion by the end of 2037, witnessing around 8.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of flame retardants is assessed at USD 9.98 billion.

The growth of the market can be attributed to the increasing usage of flame-resistant products in various end-user industries such as electronics, construction, and others. For the sake of compliance with fire safety and prevention regulations, these sectors are increasingly using flame-retardant materials. Increased awareness among consumers about the improved fire safety of combustible materials and products is also anticipated to drive flame retardants market growth in the forecast period. Flame retardants in offices and homes prevent an increasing number of electrical or consumer goods from being exposed to fire. Research cites that in the USA, flame retardants were used in television casings to reduce the risk of electronic fire by 54%.

In addition to these, factors that are believed to fuel the market growth of flame retardants include the rise in the production of plastic and its use in multiple products. The use of plastics has grown drastically over the years and sustainable flame retardants are required for effective fire treatment. For instance, between 2008 and 2019, world plastic production rose steadily by nearly 10 million metric tons. As plastics are easy to handle and have low density, more plastics are being incorporated into buildings. In a very short time, the plastics fire load may cause buildings to be at high-temperature levels. All these factors are predicted to present the potential for market expansion over the projected period.