WiredInUSA May 2016

Flame retardant forecast

A new market report from Lucintel suggests that the alumina trihydrate (ATH) flame retardant market will grow at a CAGR of 4.9 percent from 2015 to 2020. The major drivers of growth will be stringent governmental regulations related to prohibition on use of halogenated flame retardants, growing awareness on fire safety, and increasing market penetration of ATH flame retardants in end-use industries. ATH flame retardants are used with materials such as polyolefin, epoxy, rubber, unsaturated polyester resin, and polyvinyl chloride. Lucintel predicts that the demand for polyolefin is likely to experience the highest growth in the forecast period supported by growing demand in end-product manufacturing.

The wire and cable segment is expected to show highest growth during the forecast period. Within the ATH flame retardant market, the building and construction segment is expected to emerge as the largest market by value, following changes in regulatory requirements and the strong demand of halogen-free flame retardants. North America is expected to remain the largest market by both value and volume, partly due to the wider acceptance of ATH flame retardants, while a growing awareness of fire safety and restrictions on some halogenated flame retardants will prompt growth in Asia Pacific and the rest of the world.

wiredInUSA - May 2016

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