Phosphorus-based Flame Retardant Market, By Type (Additive Flame Retardants, Reactive Flame Retardants, and Synergist Flame Retardants), By Application (Electrical & Electronics, Building & Construction, Transportation, Textile, Wires & Cables, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI143219 | Publish Date: April 2024 | No. of Pages: 180

Global Phosphorusbased Flame Retardant Market Overview

Introduction:

Phosphorus-based Flame Retardant Market was valued at US$ 3.6 billion in 2024 and is projected to grow at a CAGR of 6.7% to reach US$ 6.5 billion by 2034.

Phosphorus-based flame retardants are a large class of chemical compounds used to increase the fire safety of flammable materials. A wide variety of inorganic and organic substances are covered in this class of compounds. Materials including plastics, textiles, wood, paper, and other combustible materials are treated with phosphorus flame retardants. These chemicals are added to flammable materials to stop fire from initiating or to slow them down. It contributes to reducing smoke, heat emission, and dangerous fire effluents. These substances range in form from basic salts to oligomeric complexes, and they include both solids as well as liquids.

Phosphorus-based flame retardants come in several forms, which are utilized in commercial flame retardants. These include additive, reactive, and synergist flame retardants. Flame retardants based on phosphorus mostly work when burning polymeric materials in the solid phase, which chars the polymer and obstructs the pyrolysis process that fuels the flames.  These flame retardants are widely used in many different industries. For example, phosphonates are used in polyurethane foams for construction and automotive applications, and they are also used in engineering polymers like polyesters, polyamides, and elastomers, which are primarily used in electric and electrical systems.

These are also utilized in the textiles, transportation, and numerous other industries.The need for phosphorus-based flame retardants is rising as a result of the expanding use of fire-resistant products in a variety of end-use sectors. The growing consumer awareness of improving the fire safety of combustible materials and products is another factor driving product demand. As a result, the market is growing due to extensive use of phosphorus-based flame retardants in industries. Although phosphorus-based flame retardants positively affect the environment, achieving the required flame retardancy without sacrificing other material qualities like mechanical strength can be difficult.

Introduction - Phosphorus-based Flame Retardant Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Phosphorusbased Flame Retardant Market Dynamics

Phosphorus-based Flame Retardant Market Key Drivers:

A stronger focus on fire safety   

  • They are considering the varying risks that each commercial structure, including retail stores, financial and public institutions, schools, educational facilities, hotels, cafés, and sports facilities, must implement specific safety and security protocols. These businesses might experience fire issues regularly. Because of this, commercial buildings invest a lot of money in fire safety measures. Consequently, flame retardants are common in many products sold in business settings. Additionally, building materials are treated with flame retardants to raise their ignition temperature. Therefore, due to ongoing research and development efforts, phosphorus-based flame retardants are becoming increasingly useful and practical.

Shifting preference towards ecologically friendly solutions

  • In recognition of concerns regarding toxicity and adverse environmental effects, phosphorus-based flame retardants are favored over halogenated flame retardants. They are thought to be less harmful to the ecosystem. As a result, newer ecologically conscious flame retardants based on phosphorus are being developed in response to the growing demand for sustainable building techniques. These substitutes minimize their influence on the environment while satisfying fire safety requirements.

Phosphorus-based Flame Retardant Market Restrains:

Cost-related concerns combined with performance factors

  • Although there are ecological advantages to employing phosphorus-based flame retardants, it can be difficult to achieve the required flame retardancy without sacrificing other substance characteristics like durability. In addition, creating phosphorus-based flame retardants that are both efficient and effective while still being reasonably priced compared to other options is a significant challenge that needs to be tackled.

Phosphorus-based Flame Retardant Market Opportunities:

  • The market for phosphorus-based flame retardants is expanding steadily due to strict fire safety standards in several industries, including electronics, construction, and the automobile. The market is increasing due to the rising demand for phosphorus-based flame retardants, which are thought to be more environmentally friendly than conventional halogenated flame retardants. In the upcoming years, the market is anticipated to experience further growth due to the growing awareness of the significance of fire safety in buildings and vehicles.

Global Phosphorusbased Flame Retardant Market Segmentation

Phosphorus-based Flame Retardant Market is segmented based on type, application, and region.

Type Insights

  • Additive Flame Retardants: Additive flame retardants are treated to various materials to help prevent the spreading of flames and defer ignition. Flame retardants based on phosphorus mostly work when burning polymeric materials in the solid phase, charring the polymer and obstructing the pyrolysis process that fuels the flames.
  • Reactive Flame Retardants: Reactive flame retardants provide durable protection by forming a chemical bond with materials. It is applied to volatile substances, including polymers, textiles, wood, paper, and others, to increase fire resistance.
  • Synergist Flame Retardants: Synergist flame retardants and other substances improve a material's overall flame-retardant qualities.

Application Insights      

  • Electrical & Electronics: Electrical & electronics application type uses these flame retardants in this industry to shield parts from fire danger. The safety of many of the modern electronic products, including laptops and televisions, depends on their ability to comply with fire safety rules. As a result, phosphorus-based flame retardants can help achieve this standard.
  • Building & Construction: Building & construction application type utilize these flame retardants to improve any substance's resistance to fire. Increased fire safety protection can be provided by phosphorus flame retardants, which are present in various building and construction materials used in residences, offices, and public spaces including hospitals and schools.
  • Transportation: Transportation application type employs these flame retardants to raise vehicle safety. With the aid of these flame retardants, the transportation, rail, aviation, and other sectors can meet the more stringent flammability regulations of now, and increase cost-efficiency without compromising fire protection.
  • Textile: This application type uses flame retardants based on phosphorus to give materials used in this sector effective fire resistance.
  • Wires & Cables: This application type utilizes phosphorus-based flame retardants to prevent fire from spreading further and preserve the functioning of electrical networks. Therefore, phosphorus-based flame retardants are considered crucial parts of wire and cable insulation and jacketing components.
  • Others: Other application types employ phosphorus-based flame retardants in numerous products, such as foam, beds, carpets, curtains, and fabric blinds. They also find application in the paint and coatings, chemicals, and oil and gas industries.

Regional Insights:

Regional Insights - Phosphorus-based Flame Retardant Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Phosphorus-based Flame Retardant Market Regional Insights

  • North America market is estimated to witness increasing use of these flame retardants due to the presence of a robust network of trusted suppliers for flame retardants and a well-established system for the same. The building industry's strict fire safety laws further fuel the region's demand for high-performance flame retardants.
  • Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to increasing safety alertness, infrastructural development, and accelerated urbanization. As a result, compared to other areas, there may be a greater demand for reasonably priced flame retardant products in this region.
  • The European market is expanding steadily along with continuous developments that are influenced by strict rules and an increasing emphasis on ecological sustainability. Additionally, European manufacturers are leading innovators in developing enhanced and novel phosphorus-based flame retardant products, further fueling the target market growth.
  • Latin America market is an emerging region and is observing rising demand of flame retardants as individuals become more conscious of fire safety regulations. Therefore, flame retardants will become more popular in the construction and allied industries due to government investments in infrastructure projects.  
  • Middle East & Africa market is in its developmental stages with a substantial potential for expansion of the target market. The need for flame retardants in this region is driven by government funding in industrial expansion activities and infrastructure development.

Report Scope:

Attribute                        

Details

Market Size 2024

US$ 3.6 billion

Projected Market Size 2034

US$ 6.5 billion

CAGR Growth Rate        

6.7%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Additive Flame Retardants, Reactive Flame Retardants, and Synergist Flame Retardants

By Application - Electrical & Electronics, Building & Construction, Transportation, Textile, Wires & Cables, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the Phosphorus-based Flame Retardant Market report based on type, application and region:

Phosphorus-based Flame Retardant Market, By Type:

  • Additive Flame Retardants
  • Reactive Flame Retardants
  • Synergist Flame Retardants

Phosphorus-based Flame Retardant Market, By Application:

  • Electrical & Electronics
  • Building & Construction
  • Transportation
  • Textile
  • Wires & Cables
  • Others

Phosphorus-based Flame Retardant Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Phosphorusbased Flame Retardant Market Key Players

The key players operating the Phosphorus-based Flame Retardant Market include Israel Chemicals Ltd., Chemtura Corp., Daihachi Chemical Industry Co., Ltd., Adeka Corporation, Jiangsu Yoke Technology Co., Ltd., Zhejiang Wansheng, Ltd., Albemarle, Clariant AG, AkzoNobel, and Bayer Aktiengesellschaft.

Global Phosphorusbased Flame Retardant Market Key Issues Addressed

Recent Development:                                                  

  • In December 2021, Clariant began developing a manufacturing facility in China to produce flame retardants. To greatly increase the production capacity of its Exolit OP line of flame retardants, Clariant has invested over CHF 60 million. The company intends to build a production plant in China to serve its Chinese clientele.   

Global Phosphorusbased Flame Retardant Market Company Profile

  • Israel Chemicals Ltd. *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Chemtura Corp.
  • Daihachi Chemical Industry Co., Ltd.
  • Adeka Corporation
  • Jiangsu Yoke Technology Co., Ltd.
  • Zhejiang Wansheng, Ltd.
  • Albemarle
  • Clariant AG
  • AkzoNobel
  • Bayer Aktiengesellschaft

“*” marked represents similar segmentation in other categories in the respective section.

Global Phosphorusbased Flame Retardant Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Additive Flame Retardants
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Reactive Flame Retardants
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Synergist Flame Retardants
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Phosphorus-based Flame Retardant Breakdown Data
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Electrical & Electronics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Building & Construction
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Transportation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Textile
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Wires & Cables
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Israel Chemicals Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Chemtura Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daihachi Chemical Industry Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • AdekaCorporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Jiangsu Yoke Technology Co., Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Zhejiang Wansheng, Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Albemarle
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Clariant AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Akzo NobelV  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BayerAktiengesellschaft
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Phosphorus-based Flame Retardant Market is segmented into By Type, By Application and Region.

Factors driving the Phosphorus-based Flame Retardant Market include the increasing demand for fire-resistant materials in various industries, stringent fire safety regulations, and the environmentally friendly nature of phosphorus-based flame retardants compared to traditional halogenated alternatives.

Recruitment Marketing in the Phosphorus-based Flame Retardant Market faces restraints such as the need for specialized knowledge in chemistry and materials science, limited awareness among potential candidates about flame retardant technologies, and competition for talent within the chemical industry.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

Israel Chemicals Ltd. Chemtura Corp. Daihachi Chemical Industry Co., Ltd. AdekaCorporation Jiangsu Yoke Technology Co., Ltd. Zhejiang Wansheng, Ltd. Albemarle Clariant AG Akzo NobelV. BayerAktiengesellschaft