Albany, NY -- (ReleaseWire) -- 07/14/2014 -- Flame retardant is a general term for the substances that prevent and reduce flammability of fuels or delay their combustion. Over the past 30 years, flame retardant and flame-resisting materials have played an important role in reducing losses of life and property caused by fire disasters. In 2005-2013, the market volume of global flame retardant grew at a CAGR of about 4.2%, to 2.055 million tons in 2013.
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The global flame retardant market is mainly dominated by Albemarle, Chemtura and Clariant from the United States, Israel’s ICL, Japan’s ADEKA and Jiangsu Yoke Technology and Zhejiang Wansheng from China, which leads to a relatively higher concentration.
In terms of consumption regions, despite a higher consumption proportion in Europe, America and Japan, these markets were stable and their demands grew at a relatively slow pace. However, the Asian region including China but excluding Japan showed a double-digit growth, making it the most important driving force of the flame retardant markets around the world. In 2013, this region accounted for a roughly 31.1% market share of the global flame retardant, up nearly 13 percentage points from 2005.
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Flame retardant can fall into halogen flame retardant (chlorine-based and bromine-based, etc.), phosphorus flame retardant and inorganic flame retardant, etc.
Bromine-based Flame Retardant: As a traditional variety, bromine-based flame retardant absolutely dominated general-purpose plastics and engineering plastics. But due to an increasingly stringent requirement from environmental protection, bromine-based flame retardants including HBCD and DECA are being phased out. The U.S. and Canadian governments had long reached agreement with Albemarle, Chemtura and ICL that the three would retreat from the DECA production agreement by the end of 2013. Japan began to prohibit HBCD in May 2014.
Organophosphorus Flame Retardant: With obvious advantages like environmental friendliness and safety, organophosphorus flame retardant is gradually substituting for halogen flame retardant (chlorine-based and bromine-based, etc.), with the market volume of global organophosphorus flame retardant in 2010-2013 representing a CAGR of 9.8%. And in 2013 alone, the market volume of organophosphorus flame retardant reached some 620 kt, accounting for 30% of the global total.
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