BDP Flame Retardants Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1736
BDP Flame Retardants Market size is expected to witness dynamic growth owing to wide applications in engineering resins which include PC/ABS and polyphenylene oxide alloys (PPO). Upsurge in the usage of these products in electrical & electronics and automobile industry will drive BDP flame retardants market. Further packaging industries will have a positive impact on the product market. Rising use of engineering plastics in various end user applications including helmets, gearing, insulators, piston rings, rollers, bushes, bearings and tanks will drive the industry growth.
BDP flame retardants market is expected to grow owing to its high thermal and hydrolytic stability properties over other bisphosphates products. Being a halogen free FR, increasing construction activities across the world will flourish the industry market. Several government entities are upcoming with new regulations to lower the VOC levels in fire mishaps, so BDP flame retardants are the effective products.
Flame retardants includes a varied group of chemicals which are added to manufactured materials including textiles and plastics, and coatings & surface finishes. It delays the spread of fire by forming a protective layer on the surface of the materials. The product can withstand high temperatures which is required during processing of several engineered resins. Currently, there are two well-known methods in the industry: halogen and halogen free (non-halogen) FR. Halogen FR uses chlorine and bromine chemical to suppress fire however, rising environment safety awareness halogen free FR are preferred over halogenated FR.
Halogen free FR includes phosphorus, antimony trioxide, nitrogen, magnesium hydroxide and alumina trihydrate FR. Its high resistance to fire property delays the combustion process of fire which is considered to enhance the product demand. Further, it possesses superb properties which include high thermal stability, high processing temperature, excellent hydrolytic stability and low volatility which is considered to fuel the BDP flame retardants market.
BDP flame retardants are used in PC/ABS, PCB/EPOXY and polyphenylene oxide alloys. Moreover, on basis of engineering plastics application, it is further divided into building & construction, electrical & electronics, wires & cables, transportation and textile. Among these, PPE holds a major industry share in this segment owing to its wide range of application in electronics, automobile parts and structural parts.
North America is the fastest growing BDP flame retardants market owing to growing aircraft and aerospace industry. Escalating regulatory agencies in the region including Environmental Protection Agency (EPA) and Bromine Science and Environmental Forum (BSEF) have raised the product demand. Latin America, Mexico is predicted to drive the industry with rapidly growing infrastructure and industries in the region.
Europe BDP flame retardants market holds the largest share due to favourable regulations adopted by government and other legal entities. Also, ban against toxic and flammable materials usage by WEEE, RoHS and REACH is expected to have a positive impact on the industry growth. Upsurge in automotive industries in the region has raised the need for engineered resins, thus propelling BDP flame retardants market.
Asia Pacific is the fastest developing BDP flame retardants market owing to booming industrialization and urbanization. Heavy construction observed in several emerging nations will further drive the industry size. Companies are now concentrating on better technologies to develop superior quality product which will further strengthen the industry. Further, regulations by RoHS and WEEE in China and Korea is expected to flourish BDP flame retardants market demand.
Global BDP flame retardants market is moderately consolidated and competitive in nature owing to the presence of large and small regional & international players globally. Several key players for the industry are ADEKA, ICL, Zhejiang Wansheng, Shandong Moris, Albemarle, Daihachi Chemical and Jiangsu Yoke. Some other well-known participants who operate in the same field are Ocean Chem, Arbon, Qingdao Fundchem and Shengmei Plastify.
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