India Flame Retardants Market
is anticipated to increase at an impressive rate in the forecast period. Flame
retardant is a chemical agent applied to materials to lessen the risk of the
product catching fire and also for delaying the overall combustion process. For
the last 30 years, they have been employed in numerous consumer and industrial
items to reduce the potential of materials to ignite. Thus, they are in high
demand by end-user industries to make their products fire-resistant.
Fire dangers are one of the
major causes of accidents in both the residential and commercial sectors in
India. Most of these fire outbreaks are caused by a lack of safety equipment
and training to control the fire outbreak quickly. According to a report,
India experienced 1.6 million fire incidents in 2021, in which 27,027 people
lost their lives. Several government regulations are made to control
problems to stop causality in fire outbreak incidents. This has in turn
increased the demand for flame retardants from various end user industries,
such as Building & Construction, Electronics & Appliances, Automotive
& Transportation, Textile, and Aerospace for making different products like
carpets, computers, laptops, electrical wires, seat covers, and others. All
these factors are going to propel the growth of the India Flame Retardants
Market in the projected period.
Increasing Demand from the
Automobile and Construction Sectors
Flame retardants are
chemicals added to materials to prevent or delay fire spread. Additionally,
initiative taken by the government to raise awareness among the population about
different chemicals which can prevent fire is further expected to drive the market growth.
The National Building Code of India contains comprehensive guidelines for the
construction, maintenance, and fire safety of the building and infrastructures
to prevent casualties. In the past, most fire cases have occurred at commercial
& residential buildings, and the reason for the outbreak have been mostly
short circuit. Hence, a special type of chemical is coated over the
fire-vulnerable objects in the house to reduce the possibility of fire. Thus,
the demand from the construction industries for insulating materials like
Tricresyl phosphate (TCP), Cresyl diphenyl phosphate, and Polyols as a
preventive measure is positively impacting the market's growth. In addition,
the use of fire-retardant foam, gel, and powder in fire extinguishers in
commercial and residential places is driving the need for flame retardants in
the market.
Flame retardants are also essential
in automobiles for engineered thermoplastics functional and structural elements
that provide solutions for fire safety in polyolefin or styrene batteries. According
to Invest India, the Indian automobile industry manufactured almost 23 million
vehicle units, including Passenger Vehicles, Commercial Vehicles, Three
Wheelers, Two Wheelers, and Quadricycles, from April 2021 to March 2022. The
automobile sector accounts for 7.1% of India's GDP. Flame retardants helps
in ensuring vehicle safety during or after the manufacturing and are also used
for providing superior thermal insulation. Foams consisting of stiff
polyurethane, crosslinked polyolefins, or crosslinked plasticized mixes of PVC
and nitrile rubber are the most often used materials for insulation purposes. This
is going to drive the market share of the flame retardants market in India.
Impact of Flame Retardants on
the Health is a Key Restraint for the Market
Flame retardants do not
degrade quickly and are present in the environment for a long time. They can
also bioaccumulate or pile up over time in humans' and animals' bodies, having
an adverse impact on health. Flame retardants can enter the body through many
routes, including food, consumer items in the home, automobile, airline,
office, and house dust. Thus, its harmful effect on health obstructs the
flame-retardant market growth. Furthermore, the high cost of the product is
also acting as an obstruction in the market growth.
Product Enhancement is
Driving the Market Growth
The ongoing development in
enhancing the uses of the product and decreasing the poising effect of the
product is the major factor in sustaining the product for the long run.
Graphene nanotubes impart functionality to textiles without conceding other
important characteristics such as oil and chemical resistance or flame
retardance. Thus, nanotechnology, growing awareness, and the growth of e-vehicles
are expected to play a crucial role in improving the performance of a
flame-retardant market in the anticipated period.
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Market Segmentation
India
flame retardants market is segmented based on type,
application, and end-user. Based
on type, the market is bifurcated into halogenated,
and non-halogenated. Based on halogenated flame retardants, the market is
divides into brominated, chlorinated phosphates, antimony trioxides, and others.
Based on non-halogenated flame retardants, the market is divides into aluminum
hydroxide, magnesium Di hydroxide, phosphorous based, and others. Based on application,
the market is divides into polyolefins, epoxy resins, PVC, rubber, and others. Based
on end-user, the market is divides into building & construction, electronic
& appliances, automotive & transportation, and others.
Market Players
Clariant Chemicals India Ltd, LANXESS
India, Hindalco Industries Limited, KPL International Limited, Acuro Organics
Limited, Nano Tech Chemical Brothers, Niknam Chemicals Private Limited, Albemarle (Rockwood Lithium India Pvt.
Ltd.)are some of the key
players operating in the India Flame Retardants Market.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic
Data
|
2018 – 2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue
in USD Million, Volume in metric ton, and CAGR for 2018-2022 and 2023-2028
|
|
Report
coverage
|
Revenue forecast,
Volume forecast, company share, competitive landscape, growth factors, and
trends
|
|
Segments
covered
|
Type
Application
End
User
|
|
Regional
scope
|
East; West;
North; South.
|
|
Key
companies profiled
|
Clariant
Chemicals India Ltd; LANXESS India; Hindalco Industries Limited; KPL
International Limited; Acuro Organics Limited; Nano Tech Chemical Brothers;
Niknam Chemicals Private Limited; Albemarle (Rockwood Lithium India Pvt. Ltd.
)
|
|
Customization
scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request)
|
Report
Scope:
In this report, India
flame retardants market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
·
India Flame Retardants Market, by type:
o Halogenated
o
Non-Halogenated
·
India Flame Retardants Market, by halogenated flame retardants:
o Brominated
o Chlorinated Phosphates
o Antimony Trioxides
o
Others
·
India Flame Retardants Market, by non-halogenated flame retardants:
o Aluminum Hydroxide
o Magnesium Di hydroxide
o Phosphorous Based
o
Others
·
India Flame Retardants Market, by application:
o Polyolefins
o Epoxy Resins
o PVC
o Rubber
o Others
·
India Flame Retardants Market, by end-user:
o Building & Construction
o Electronic & Appliances
o Automotive & Transportation
o Others
·
India Flame Retardants Market, by region
o
North
o
West
o
East
o
South
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India flame retardants market.
Available Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
India Flame Retardants Market is an upcoming report
to be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]