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wiredInUSA - May 2016
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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.
Flame retardant forecast