Wellesley, MA (PRWEB) September 24, 2013
According to a new technical market research report, Flame Retardant Chemicals: Technologies and Global Markets from BCC Research (http://www.bccresearch.com), global consumption for flame retardant chemicals reached 3.9 billion lbs in 2012 and is expected to grow to 4 billion lbs by 2013. BCC Research projects consumption to reach nearly 5.2 billion lbs by 2018, and register a five-year compound annual growth rate (CAGR) of 5%.
According to the National Fire Protection Association (NFPA), the total cost of fire in the U.S. is defined as a combination of the losses caused by fire and the money spent on fire prevention, efforts to prevent the worst losses by preventing them and the use of quick suppression when fires do occur. That cost reached about $363 billion by 2012 and is projected to be 2.5% to 3.0% of gross domestic product (GDP).
Government regulations require manufacturers to add flame retardant chemicals to a wide range of everyday products. Ironically, many of these chemicals, which are meant to save lives and protect property from damage caused by fires, have themselves been proven harmful to humans and the environment. New technology is being introduced into this market and, although these products cannot always replace the chemicals that have been deemed as toxic, they are expected to gain market share over the next five years.
The leaders in this less toxic chemicals approach for flame-retarding materials may be nanocomposites and more advanced synergistic formulations. BCC Research expects these new and innovative chemicals and synergistic combinations to have strong growth rates amongst other flame retardant chemicals. Many of these new chemicals or combinations have not yet found a single market but are being tried out in a spectrum of markets and circumstances.
Using an effective synergist chemical nanocomposite can often increase the effectiveness of certain flame retardants and reduce the input quantity of flame retardants materials. The markets for flame retardant chemicals are being driven by cost, performance, and the push towards more green and non-toxic products.
This report from BCC Research provides an overview of the worldwide market size, growth, and trends for this important and specialized industrial segment of chemicals. The report reviews global markets for specific flame retardant chemicals and forecasts trends and sales in these markets through 2018. The major applications and industries using these special flame-retarding products are also discussed in this report.
The report reviews the regulations driving this market and takes a look at the disasters that have occurred due to lack of flame retardant material usage. In addition, this comprehensive analysis provides estimates of market share by product application and chemical types, and includes regional consumption by chemical and by application. The report also provides information on industry structure and major companies in this market.
This report is intended for decision makers involved in the marketing, sales, and strategic planning for companies supplying flame retardants to customers or for those companies that are required by law to use flame retardants. This technical marketing report will also assist end users of flame retardants and flame-retarding products, and those needing further information about this industry.