Global Flame Retardants Market size was valued at US$ 7.43 Bn. in 2020 and the total revenue is expected to grow at 4.75 % CAGR through 2021 to 2027, reaching nearly US$ 10.28 Bn.
Global Flame Retardants Market Overview:
Flame retardants are chemicals that are used in a variety of produced products such as plastics, fabrics, surface finishing, and coatings to inhibit the onset of ignition and prevent fires.
In Europe, all building and construction materials (including rigid PU foams) must meet the EN 13501 fire criteria. In the United States, building materials must be tested according to ASTM E 84.
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2020 is considered as a base year to forecast the Market from 2021 to 2027. 2020’s Market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the Market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.