Demand for flame retardants in the US is expected to grow to 938 million pounds in 2016.
Dallas, TX (PRWEB) September 28, 2012
Construction related applications will provide the biggest impetus to growth and continue to account for the greatest share of sales in the US flame retardants market. Other factors increasing demand include stringent fire codes and flammability requirements. Environmental issues will present mixed results, with concern over the potentially deleterious health effects of halogenated flame retardants slowing growth for those compounds, especially in consumer goods, but also offering opportunities for safer alternatives.
Recession of 2007-2009 affected most flame retardant markets
The mortgage crisis and ensuing economic downturn resulted in a decline in US flame retardants market demand beginning in 2007 as a glut in the housing market led to a sharp downturn in residential construction. By 2009 the recession began to impact the construction of offices and commercial spaces. These trends reduced the need for flame retardants used mostly in construction, with boron (used in insulation) and chlorinated compounds (used in PVC) seeing the steepest declines. Markets closely associated with construction, such as wire and cable, upholstery, carpets and rugs, and other home furnishings, experienced similar losses. Outside the construction industry, flame retardant demand in motor vehicles and electronics also felt the severity of the recession.
Construction markets to see sharpest advances thru 2016
With the housing market bottoming out and showing signs of recovery, demand for flame retardants will also begin to improve. Flame retardants utilized in construction applications will see the sharpest improvements given that insulation, roofing, flooring, building boards, and other structural materials that all require treatment. Boron and phosphorusbased flame retardants will expand at the fastest rates. Brominated compounds will benefit from use in polystyrene and polyurethane insulation.
Outside of the construction market, a number of other uses for flame retardants will experience improved market prospects, including construction associated industries like carpeting, curtains, and other home furnishings. Wire and cable applications for both communications and power transmission will expand, along with new construction. Use in motor vehicle applications will post strong improvement along with the rebound in US motor vehicle output. The increasing use of plastics in vehicles provides additional opportunities. In contrast, the outlook for the US electronics industry is less benign and electronics applications will be the slowest growing outlets for flame retardant demand.
Non-halogenated types to benefit from safety concerns
Alumina trihydrate is by far the most important type of flame retardant used in the US market in volume terms, with 46 percent of total volume sales. However, the higher-value brominated flame retardants account for the greatest share of market value. Halogenated types will register subpar advances due to health and safety concerns, although this same issue will provide opportunities for a number of non-halogenated alternatives.
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Company Profiles covered in this report:
- Adeka Corporation
- Albemarle Corporation
- Almatis GmbH
- Amfine Chemical, see Adeka
- Ampacet Corporation
- Amspec Chemical Corporation
- Apexical Incorporated
- BASF SE
- Chemtura Corporation
- Clariant International Limited
- Climax Molybdenum, see Freeport-McMoRan Copper & Gold
- Cytec Industries Incorporated
- Dead Sea Bromine, see Israel Chemicals
- Dover Chemical, see ICC Industries
- Eastern Color & Chemical Company
- Eastman Chemical Company
- Elementis plc
- Ferro Corporation
- Freeport-McMoRan Copper & Gold Incorporated
- GLS Thermoplastic Elastomers, see PolyOne
- Great Lakes Solutions, see Chemtura
- Hangzhou JLS Flame Retardants Chemical
- Company Limited
- Huber (JM) Corporation
- ICC Industries Incorporated
- INDSPEC Chemical, see Occidental Petroleum
- Israel Chemicals Limited
- JJI Technologies LLC
- Jordan Bromine, see Albemarle
- LANXESS AG
- MAGNIFIN Magnesiaprodukte, see Albemarle
- Martin Marietta Materials Incorporated
- Martinswerk, see Albemarle
- MCA Technologies GmbH
- Mount Vernon Mills Incorporated
- Nabaltec AG
- Nashtec, see Nabaltec
- Nyacol Nano Technologies Incorporated
- Occidental Petroleum Corporation
- OxyChem, see Occidental Petroleum
- PAG Holdings Incorporated
- Polymer Additives Group, see PAG Holdings
- PolyOne Corporation
- Rio Tinto Group
- RTP Company
- Schulman (A.) Incorporated
- Sherwin-Williams Company
- Solutia, see Eastman Chemical
- Supresta, see Israel Chemicals
- Unitex Chemical, see LANXESS
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