Inorganic Flame Retardants Market Size

Inorganic Flame Retardants Market size is set to register over 4.2% CAGR during the forecast period i.e., between 2024-2036. The growth of the market can be attributed primarily to the growing demand for fire retardant materials from a wide range of end use industries as a result of rise in the number of fire related accidents in factories. According to the Institute for Health Metrics and Evaluation, in 2017, there were about 8.991 million new injuries that resulted from fire, heat, and hot substances, of which 120,632 resulted in death. Along with this, developments in fire safety standards around the world, specifically for metallic element composite panel cladding used in buildings, is expected to raise the demand for the product significantly in the forthcoming years. Furthermore, rapidly escalating urbanization, and surging development of novel flame retardants by companies are projected to offer abundant growth opportunities to the inorganic flame retardants market in the near future.

Frequently Asked Questions (FAQ)

Inorganic Flame Retardants Market size is set to register over 4.2% CAGR during the forecast period i.e., between 2024-2036.

The market growth is driven by growing demand for fire retardant materials from a wide range of end use industries, and developments in fire safety standards worldwide.

Asia Pacific industry is likely to account for largest revenue share by 2036, propelled by rapidly growing building & construction sector, and increasing rate of urbanization in the region.

The major players in the market are J.M. Huber Corporation, Tosoh Corporation, Albermarle Corporation, Lanxess AG, ICL Group, and others.

Inorganic Flame Retardants Market Size