Flame Retardant Masterbatches Market to Rear Excessive Growth During 2026
The
global flame retardant masterbatches market is anticipated to
experience a strong growth during the forecast period, 2018 – 2026,
owing to aggressive growth in the construction industry all across
the world. High demand for renovation and refurbishment of old
buildings and monument is driving the market. Rapid industrialization
is considered to play a crucial role in lifting the market. Flame
retardant is a chemical that is mixed with different materials like
plastic, fabrics, etc. to higher their resistance against ignition,
slacken flame spread and suppress smoke. Flame retardant is mixed
during masterbatches formulation in the plastic industry, then
absorbed as additives with different kind of polymers. Flame
retardant masterbatches finds it application as additives in
manufacturing textiles, foam, coating, plastics, and surface
finishes.
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Global
Flame Retardant Masterbatches Market: Trends and Opportunities
Significant
growth in the construction industry is one of the major driver that
is pushing the global flame rertardant masterbatches market in the
forward direction. Plastics incorporated with flame retardant
masterbatches are extensively used for building numerous products and
materials. These also helps them to follow fire safety regulations,
thus propelling manufacturers to uptake flame retardant
masterbatches. Aluminum tryhydrate is considered to be most used type
of flame retardant massterbatches, as it has high flame retardant and
smoke suppressing properties among the rest. This has made it made it
a better alterenatives antimony trioxide as the latter is produces
toxic fumes when comes in contact with flame. Another reason that is
driving the market is aluminum tryhrate can retard fire at 220 degree
Celsius. Surge in demand for thermoplastics along with low smoke
properties is bolstering the market growth.
Apart
from these, impressive growth in the electric and automotive industry
are likely to trigger the demand for flame retardant mastermatches.
Global
Flame Retardant Masterbatches Market: Regional Outlook
Based
on geography, flame retardant masterbatches market can be segregated
into Europe, Asia Pacific, Latin America, North America, and Middle
East and Africa. Amongst the pack, Asia Pacific is prognosticated to
dominate the market in the upcoming years. Stellar growth in the
packaging, construction, and automotive industry is propelling global
players to focus on the region. Significant growth in electric
industry in the region is predicted to foster market growth. Booming
automotive industry in Japan, India, and China are expected to
contribute the most in the region. Increasing demand for light weight
vehicles in the region is stoking the market growth. Europe and North
America are predicted to exhibit a steady growth during the forecast
period.
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Global
Flame Retardant Masterbatches Market: Companies Mentioned
Some
of the key players in the market are BASF S.E., Dover Corporation,
Ampacet Corporation, Polyplast Muller GmbH, Albermarle Corporation,
Akzonobel N.V., Lanxess A.G., and DowDupoint Inc.,
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