The study involved four major activities in estimating the market size for flame retardants. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The flame retardants market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the building & construction, electronics & appliances, automotive & transportation, wires & cables, textiles and others. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
To know about the assumptions considered for the study, download the pdf brochure
|
COMPANY NAME |
DESIGNATION |
|
ICL Group Ltd. |
Senior Manager |
|
Huber Engineered Materials |
Innovation Manager |
|
Nabaltec AG |
Sales Manager |
|
BASF SE |
Production Supervisor |
|
ADEKA Corporation |
Vice-President |
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the flame retardants market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the flame retardants industry.
Market Definition
Flame retardants are substances or chemicals that are included in a variety of goods to lessen their flammability and delay the spread of fires. They are applied to improve fire safety in a variety of industries and applications. When a substance is exposed to a flame or other heat source, flame retardants either prevent the material from igniting or delay its combustion. The primary purpose of flame retardants is to improve fire safety by reducing the risk of ignition, limiting the spread of flames, and reducing the release of toxic smoke and gases during a fire. They are used to protect people, property, and valuable assets from the devastating effects of fires.
Stakeholders
-
Flame retardants manufacturers
-
Flame retardants suppliers
-
Raw material suppliers
-
Service providers
-
End users, such as building & construction, electronics & appliances, wires & cables, textiles and other companies
-
Government bodies
Report Objectives
-
To define, describe, and forecast the flame retardants market in terms of value and volume
-
To provide detailed information regarding the drivers, opportunities, restraints, and challenges influencing market growth
-
To estimate and forecast the market size by type, application, end-use industry, and region
-
To forecast the size of the market for five main regions: Western Europe, Central & Eastern Europe, North America, Asia Pacific, South America, and the Middle East & Africa, along with their key countries
-
To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contribution to the overall market
-
To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
-
To analyze competitive developments, such as deals and expansions, in the market
-
To analyze the impact of the recession on the market
-
To analyze the impact of COVID-19 on the market and end-use industries
-
To strategically profile key players and comprehensively analyze their growth strategies
HIGHEST CAGR MARKET IN 2022
John
Apr, 2016
Interest in FR applications going into polymer compounding - specifically W&C, construction. Also interested in reports on NHFRs..
Genna
Mar, 2015
Flame retardant supply and demand by region.
Dong
Mar, 2019
Market demand, current market trends, and key drivers of flame retardants market.
Tage
Apr, 2018
Generic idea on FRs an their uses.
Vivi
Jun, 2015
Information on global Wire and Cable market for Low Voltage and forFlame retardant cable.
Vivi
Jun, 2015
Interested in Wire and Cable global market for Low Voltage and forFlame retardant cable (telecom cables and power cables)..
Matthew
Jun, 2016
Interested in Flame Retardants market with Ceramics segment.
Teguh
Sep, 2014
Enquiry on dispatch and Research Methodology.
Indika
Oct, 2014
Brominated flame retardant contains of polybrominated dibenzo-p-dioxins / dibenzofurans..
Dubravka
Jun, 2019
Looking for market share of flame retardant.
An
Jan, 2019
Flame retardant market by type, end-use industry, and global forecast.
ISABEL
Dec, 2019
Information regarding the market size, trends and regulations, and key players in LA..
Claudio
Nov, 2018
DecaBDE market.
Fernando
Sep, 2018
Global forest fire retardants demand.
Gary
Jul, 2017
Looking for report on FR market for the U.S. and Canada.
Gary
Jul, 2017
Specific information on flame retardant market in US and Canada .
RAVI
Jun, 2019
Flam retardants market of India.
Peter
May, 2019
Weather resistant fire retardant gelcoat for Building applications according highest standards such as EN 13501 and ASTM E 84.