New product development is the most popular strategy adopted by key players of the global halogen-free flame retardants market

Halogen-Free Flame Retardants Market

The market size of halogen-free flame retardants has been estimated at USD 3.36 billion in 2015 and is projected to reach USD 5.38 billion by 2021, registering a CAGR of 8.4% between 2016 and 2021. The major players to strengthen their foothold in the global halogen-free flame retardants market adopted key strategies such as expansions, contracts & agreements, new product launches, and acquisitions. The maximum number of strategic developments undertaken between 2011 and 2016 took place in Europe, followed by North America and Asia-Pacific.

Major players operating in the global halogen-free flame retardants market are Clariant International Ltd. (Switzerland), Lanxess AG (Germany), Israel Chemical Ltd. (Israel), Albemarle Corporation (U.S.), Nabaltech AG (Germany), Chemtura Corporation Ltd. (U.S.), and others.

Lanxess AG is one of the leading players in the halogen-free flame retardants market, with the highest number of developments between 2011 and 2016. The company has made maximum developments in Europe. With major focus on new product developments, Lanxess AG strategized expanding its product portfolio. In lieu of meeting the global demands, Lanxess AG in September 2013 acquired business operations of ThermoPhos International B.V., which will suffice the demand-supply gap.

Huber Engineered Materials (U.S.) is another major player in the global halogen-free flame retardants market. The company has been focusing on acquisitions and expansion. Huber increased the production capacity by 30% of aluminum trihydrate in its Arkansas plant to meet the global demand of ATH as a halogen-free flame retardant due to its low cost.

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This report includes a detailed analysis of the halogen-free flame retardants market and segments the same based on type, application, and region. Based on type, the market is segmented as aluminum hydroxide, organo-phosphorus chemicals, and others.

Based on application, the market is segmented as polyolefin, epoxy resins, unsaturated polyesters (UPE), poly-vinyl chloride (PVC), engineering thermoplastic (ETP), rubber, styrenics, and others. Based on end-use industry, the market is segmented as electrical & electronics, building & construction, transportation, and others. Based on region, the market is segmented as Asia-Pacific, Western Europe, Central & Eastern Europe, North America, Middle East & Africa, and South America.

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