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NEWS

The flame retardant market in Europe will grow at a steady rate of 5.3% by 2020

According to a report released by Research and Markets, a foreign market research institute, the market for flame retardants in Europe will grow at a steady rate of 5.3% by 2020, exceeding US $ 2.1 billion. Europe is the world's third largest flame retardant market, accounting for 22% of the global market share.

Depending on the application, flame retardants can be classified into the following categories: electrical and electronic applications, construction, wire and cable, automotive, textile and others. The two largest areas are construction and electrical and electronic applications, accounting for 45% of the total market.

Electronic and electrical applications and wire and cable are the fastest growing markets, with the increase largely attributable to the growth and consumption of electronic products. European harsh fire safety standards and regulations also promote the use of flame retardants.

Chlorinated flame retardants have always dominated the European market and are now facing a crisis of declining share and phasing out. This is because of its adverse health effects and the emergence of alternative raw materials such as metal hydroxides.

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