Textile Flame Retardants Market Expected To Witness A Substantial Growth Of USD 717.0 Million By 2030
Posted by Neha Bora on September 21st, 2022
San Francisco, 21 Sep 2022: The Report Textile Flame Retardants Market Size, Share & Trends Analysis Report By Product (Halogenated, Non-halogenated), By Application, By Type, By Technology, By End-use, By Region, And Segment Forecasts, 2022 - 2030
The global textile flame retardants market size is expected to reach USD 717.0 million by 2030, as per a new report by Grand View Research, Inc. registering a CAGR of 3.6% during the forecast period. The market growth is attributed to the rise in product demand from end-use industries such as industrial manufacturing, transportation, and defense. Flame retardants are chemicals used to retard flame propagation in textiles, plastics, building & construction, electrical & electronics, transportation, and defense applications. They exhibit different chemical compositions and are classified into halogenated and non-halogenated types.
In addition to increased scrutiny from regulatory agencies around the world, developments in chemical sciences have increased the demand for the product. Regulations aimed at reducing the risk of fires have also been implemented as a result of this. In the creation of textile materials with flame retardants integrated, a variety of retardants, including aluminum trihydroxide, brominated, chlorinated, antimony oxides, and organophosphorus, are used. They are used in the production of styrene, epoxy resins, engineering thermoplastics, and polyolefins.
Significant R&D activities focused on developing new offerings for the market have led to the introduction of bio-based products. This is projected to upsurge product demand, thereby further expanding its application scope. However, the market for bio-based products is still in the nascent phase and is projected to grow in line with commercialization and consumer cognizance.
Access Research Report of Textile Flame Retardants Market @ https://www.grandviewresearch.com/industry-analysis/textile-flame-retardants-market
Textile Flame Retardants Market Report Highlights
List of Key Players of Textile Flame Retardants Market
Access Press Release of Textile Flame Retardants Market @ https://www.grandviewresearch.com/press-release/global-textile-flame-retardants-market
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About the AuthorNeha Bora
Joined: September 16th, 2019
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