According to statistics, nearly 2 million tons of flame retardants were consumed globally in 2013.
According to a market research report by a German company, the global flame retardant market value is expected to reach US$7.15 billion in 2021. The Asia-Pacific region is the largest flame retardant sales market, with China accounting for 24% of global demand. North America will remain the world’s second largest sales market, although the American flame retardant market has hit a wall in many areas in recent years. The Middle East and South American markets will grow rapidly.
At present, the market share of brominated flame retardants and chlorine-based flame retardants is rapidly losing, and non-halogenated products are catering to market demand. Although the market share of brominated flame retardants and chlorine-based flame retardants is declining, overall consumption is rising, and halogenated flame retardants still dominate in China.
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