2019 flame retardant products market capitalization of a hundred billion dollars

2015-12-25

French "specialty chemicals" recently reported, the international market consultancy Markets & Markets recently estimated, over the next five years, the global flame retardant chemicals market will be steady growth, 2019 is expected to reach $ 10.34 billion.

　　The agency said that from the regional market, the flame-retardant chemicals market is more stable growth in Europe. Retardant chemicals market in Asia Pacific will continue its rapid growth, mainly due to the development of emerging economies in Asia Pacific to promote the improvement of flame-retardant chemicals demand, especially in the process of major industrialized countries such as China, Japan and India to accelerate. Retardant chemicals market in North America is still a healthy growth rate and stable growth. However, the market in the Middle East, Africa and Latin America, yet to play out their full potential, but its growth rate is also more optimistic. Consumer markets in emerging economies （including equipment and electronic products, automotive and construction） future manufacturers and suppliers will provide more opportunities, so prosperous emerging economies in these sectors will increase the demand for flame-retardant chemicals.

　　Insiders said the industrial and living environment for a variety of applications to improve the fire safety requirements is the main reason for the rapid growth of this market, particularly in the areas of construction, automotive and electronics industries. Among them, the construction market is the largest target market for flame retardant products.

　　Excerpts from the article: China Chemical Industry News

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2015

12-25

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Corporate Events

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