According to a new market report published by
Lucintel, the future of the organophosphorus flame retardant market looks good
with opportunities in the building and construction, electrical and electronics,
and transportation segment. The global organophosphorus flame retardant market
is forecast to grow at a CAGR of 5.2% from 2016 to 2021. The major drivers of
growth for this market are stringent government regulations related to
prohibition of polybrominated diphenyl ethers (PBDEs), growing awareness on fire
safety, and increasing market penetration of organophosphorus flame retardants
in various end-use industries.
ATH flame retardants are used in a variety of
applications, such as polyolefin, epoxy, rubber, unsaturated polyester resin,
polyvinyl chloride and others. Lucintel predicts that the demand for engineering
thermoplastics is likely to experience the highest growth in the forecast
period supported by growing demand in end product manufacturing.
Within the organophosphorus flame retardant
market, the building and construction segment is expected to remain as the largest
market by value and volume. Stringent government regulations related to
prohibition of the use of halogenated flame retardants is expected to spur
growth for this segment over the forecast period.
North America is expected to emerge as the
largest market due to government initiatives and inclination of original
equipment manufacturer (OEMs) towards sustainable and safer alternatives of
halogenated flame retardants leading to wider acceptance of organophosphorus
flame retardants in various end-use industries.
Asia Pacific and the rest of the world are
expected to witness significant growth over the forecast period because of growing
awareness related to fire safety and growth in construction, electrical and
electronics, and transportation sector.
For
market expansion, report suggests innovation and new product development, where
the unique characteristics of organophosphorus flame retardants can be
capitalized. The report further suggests the development of partnerships with
customers to create win-win situations and development of low-cost solutions
for the end user.
Emerging trends, which have
a direct impact on the dynamics of the industry, include the growing focus on
innovation and product development to intensify the penetration level and long-term
sustainability and original equipment manufacturers (OEMs’) commitment towards
the use of non-halogenated flame retardants. Israel Chemicals Ltd., Clariant, Chemtura
Corporation, Lanxess, and THOR group are among the major suppliers of the organophosphorus flame retardants. Some
companies are opting for M&A as a
strategic initiative for driving growth.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global organophosphorus flame retardant market by end-use industry,
application, and region and has come up with a comprehensive research report, “Global
Organophosphorus Flame Retardant Market 2016-2021: Trends, Forecast, and
Opportunity Analysis.” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the organophosphorus flame retardant market by
end-use industry, application, and region as follows:
By end-use industry [Volume (M lbs/Kilotons)
and $M shipment analysis for 2010 – 2021]:
·
Building and Construction
·
Electricals and Electronics
·
Transportation
·
Others
By application [Volume (M lbs/Kilotons) and $M
shipment analysis for 2010 – 2021]:
·
Polyurethane (PU)
·
Polyvinyl chloride (PVC)
·
Engineering thermoplastics (ETPs)
·
Acrylonitrile butadiene styrene (ABS)
·
Others
By region [Volume (M lbs/Kilotons) and $M shipment
analysis for 2010 – 2021]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of World
This 211-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/organophosphorus_flame_retardant_market_2016-_2021.aspx or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Strategic Growth Consulting, Market Research Due Diligence and Market Research Reports Online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1: What are some of the potential,
high-growth opportunities for global organophosphorus market by applications,
end user industry, and regions?
Q. 2. Which segments will grow at a faster
pace and why?
Q.3: Which regions will grow at a faster pace
and why?
Q.4: What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5: What are the business risks and threats
to the market?
Q.6: What are emerging trends in this market
and reasons behind them?
Q.7: What are some changing demands of
customers in the market?
Q.8: What are the new developments in the
market? Which companies are leading these developments?
Q.9: Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10:
What are some of the competitive products and processes in this area and
how big of a threat do they pose for loss of market share via materials /
product substitution
Q.11: What are M & A activities in the
last 5 years in this market? What reasons can be attributed to these activities
and how have they impacted the industry?
No comments:
Post a Comment