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APAC Non-halogenated Flame Retardant Chemicals Market Forecast to Reach US$914.9 million by 2027

Apac non-halogenated flame retardant chemicals market size is forecast to reach US$914.9 million by 2027 after growing at a CAGR of 6.5% during 2022-2027. Non-halogenated flame retardant chemicals are essential additives that are applied to base materials to aid in fire prevention and reduce heat generation. Non-halogenated flame retardant chemicals are widely utilized in polyolefin, epoxy resin, polyvinyl chloride, and more to enhance the performance of the materials by reducing the heating effect. Moreover, the Apac non-halogenated flame retardant chemicals market is majorly driven by the growth of the construction activities in the region. Also, the increasing demand for non-halogenated flame retardant chemicals from the electrical and electronics sector of the Asia-Pacific region is projected to fuel the growth of the Apac non-halogenated flame retardant chemicals industry growth during the projected forecast period.

COVID-19 Impact

In the year 2020, Asia-Pacific countries imposed strict lockdown measures to curb the rising Covid-19 cases in the region. This majorly impacted the construction activities in the Asia-Pacific region as there was a supply chain disruption, the labor movement was restricted, and more such impositions were highly impacted the construction industry. Since there was a decline in the construction activities in the region, the Apac non-halogenated flame retardant chemicals market suffered losses. Nevertheless, in the year 2021, governments eased the lockdown restriction to strengthen the economic condition of the countries. Hence, the government also eased restrictions on construction activities in the Asia-Pacific region. For instance, in June 2021, the Thailand COVID-19 Task Panel agreed to loosen restrictions on construction projects that could harm or endanger people in Thailand. Thailand’s government highlighted underground constructions, scaffolding, and traffic safety construction as examples. With this ease of construction activities, there was growth in the market in the APAC region. Also, it is anticipated in the long run the Covid-19 pandemic impact will be reduced, which would lead to the Apac non-halogenated flame retardant chemicals industry growth scenario to the pre-Covid time.

Apac Non-halogenated Flame Retardant Chemicals Market Segment Analysis – By Product

The inorganic compound held the largest share in the Apac non-halogenated flame retardant chemicals market in 2021 and is growing at a CAGR of 6.8% during 2022-2027. The major reasons why aluminum hydroxide is often utilized in non-halogenated flame retardants is its high flame retardant efficiency and temperature endurance. Moreover, aluminum hydroxide contains good pollution-controlling chemicals, allowing it to control flames while not emitting dangerous pollutants or producing smoke during combustion. When compared with boron compounds, aluminum hydroxide is amphoteric. Also, inorganic compound magnesium hydroxide has the advantage of lower hardness when compared with nitrogen base, this benefit results in increased durability. Hence, due to these properties, the demand for inorganic compounds is increasing for non-halogenated flame retardant chemicals application in APAC.

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Apac Non-halogenated Flame Retardant Chemicals Market Segment Analysis – By End-Use Industry

The building and construction industry held a significant share in the Apacb non-halogenated flame retardant chemicals market in 2021 and is growing at a CAGR of 8.2% during 2022-2027. Since non-halogenated flame retardant chemicals emit less heat and produce less smoke, they are used as an addition for building and construction activities such as in residential construction, it is used in floors, roofs, and more. Non-halogenated flame retardants are environmentally sustainable because they have excellent smoke suppression capabilities and are inexpensive. As the building and construction activities are growing in the Asia-Pacific region due to the rapid pace of urbanization, this has is expected to fuel the Apac non-halogenated flame retardant chemicals market growth. For instance, according to the Ministry of Construction Vietnam, by 2025, the average house floor area per person in Vietnam would be 27 sqm, with 28 sq m in urban areas and 26 sqm in rural areas. In addition, the policy seeks to construct and restore more than one billion sqm of housing, or over 11.9 million units. Thus, the growth of construction in the Asia-Pacific region is anticipated to boost the growth of the market.

Apac Non-halogenated Flame Retardant Chemicals Market Segment Analysis – By Country

China held the largest share in the Apac non-halogenated flame retardant chemicals market in 2021up to 45%. Major industries fueling the growth of China’s economy are electrical and electronics, construction, and others, with the growth of these industries it is expected that the demand for non-halogenated flame retardant chemicals will grow, thereby creating an opportunity for market growth. For instance, the construction works began on US$4,335 million Zhangzhou Development Zone Shuangyu Island Secondary Development, China. The development work began in the third quarter of 2021 and is expected to be completed in the third quarter of 2025. Moreover, in September 2020, projects on 220 KV transformer substations started construction in Xinjiang, China, the project will be completed by end of 2022. Thus, the growing infrastructure development projects and electronic industry including transformers in China are projected to accelerate the demand for non-halogenated flame retardant chemicals, also benefiting the market growth during the forecast period.

Apac Non-halogenated Flame Retardant Chemicals Market Drivers

Growing Automotive Industry

In the automotive industry, non-halogenated flame retardant materials are utilized in the various automotive parts as reactive phosphorus-containing flame retardants in flexible polyurethane foams. The expanding production of automotive in the Asia-Pacific region is expected to accelerate the market growth. For instance, Organisation Internationale des Constructeurs d’Automobiles (OICA), automotive production output in Asia-Pacific was 17,818,598 units in September 2020, and 22,685,914 units in September 2021, a 27 percent growth. Moreover, China was the leading manufacturer of automobiles in the Asia-Pacific region, the total automotive production in China till September 2020 was 16,976,248 units, and till September 2021 it was 18,242,588 units, an increase of 8%. Hence, the growing automotive sector in the Asia-Pacific region is boosting the demand for non-halogenated flame retardant chemicals in the Asia-Pacific region, as a result, the market is further expanding.

Increasing Electronic and Electricals Industry

The electronic and electrical industry majorly employs non-halogenated flame retardant materials to safeguard electronic devices such as chillers, heat pumps, and others from fire. The growing production of electronic and electrical equipment in the Asia-Pacific region is expected to propel the market growth in the APAC region. For instance, according to Japan Electronics and Information Technology Industries Association (JEITA), till November 2019, the total electronic and electrical production in Japan was ¥ 9,037,112 million (US$82,310.02 million), and till November 2020 it was ¥ 9,993,141 million (US$91,017.53 million), an increase of 10.6%. Moreover, government policies are aiding the production of the electronics industry, which is further fueling the market growth in the APAC region. For instance, in April 2020, the Indian government implemented Production Linked Incentive Scheme (PLI) for the electronic and electrical industry to increase the electronics industry production. Thus, the increasing production and government support are strengthening the electrical and electronics industry, which in turn is driving up the Apac non-halogenated flame retardant materials market.

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Apac Non-halogenated Flame Retardant Chemicals Market Challenges

Higher Loading Level is Restricting the Market Growth

The high loading levels associated with halogen-free flame retardants is one of the major downsides for the Apac non-halogenated flame retardant chemicals market. To ensure flame retardation, flame retardants employed as fillers are injected in substantial amounts into the polymer matrix. Excessive loading, on the other hand, raises the density of the finished product while lowering its mechanical qualities (thermal stability). The addition of large amounts of fillers to polymers alters the chemical and rheological properties of the polymers. Moreover, the sole usage of non-halogenated flame retardant chemicals is ineffective, thus compounds such as hydroxides, phosphorus, and zinc are primarily utilized with it. Thus, the factors such as higher load level and low performance when used solely are creating a bottleneck for the growth of the Apac non-halogenated flame retardant chemicals market.

Apac Non-halogenated Flame Retardant Chemicals Industry Outlook

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the market. Apac non-halogenated flame retardant chemicals top 10 companies include:

  1. ADEKA Corporation
  2. BASF SE
  3. CHALCO
  4. Shandong Advanced Material Co., Ltd
  5. Clariant
  6. Daihachi Chemical Industry Co., Ltd.
  7. DIC CORPORATION
  8. DowDuPont
  9. DSM N.V. Hangzhou JLS Flame Retardants Chemical Co., Ltd
  10. Huber Engineered Materials

Recent Developments

In December 2021, Clariant a global manufacturer of non-halogenated flame retardant chemicals started the construction of the new facility for the production of flame retardant chemicals in China. The facility is expected to be completed by 2023. Such, developments of new facilities in Asia-Pacific will boost the production of non-halogenated flame retardant chemicals, further benefiting the growth of the market.

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Key Takeaways

  • China dominated the Apac non-halogenated flame retardant chemicals market, owing to the increasing railway projects in the country. For instance, in 2019 development work began on US$21.28 billion Wuhan Urban Rail Transit, this project will be completed by 2024.
  • The demand for halogenated flame retardant chemicals is declining in the Asia-Pacific region due to their serious health and environmental hazard, due to this, there is an upsurge in the demand for non-halogenated flame retardant chemicals.
  • The increasing usage of non-halogenated flame retardant chemicals to safeguard equipment such as fires, circuits, and more from fire is fueling the market growth in the Asia-Pacific region.
  • However, higher loading levels related to the non-halogenated flame retardant chemicals have restricted the growth of the market.

Relevant Reports

Non Halogenated Flame Retardants Market

https://www.industryarc.com/Research/Non-Halogenated-Flame-Retardants-Market-Research-503673

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