According to a market report by Lucintel, the future of the global organophosphorus flame retardant market looks promising with opportunities in the building and construction, electrical and electronics, and transportation industry. The global organophosphorus flame retardant market is expected to reach an estimated $2 billion by 2030 at a CAGR of 2% from 2023 to 2030. The major drivers for this market are increasing regulatory requirement, growing demand for fire safety, and rising technological advancement.
Browse 65 figures/charts and 42
tables in this 156–page report to understand trends, opportunity and forecast in global organophosphorus flame retardant
market to 2030 by application type (polyurethane, polyvinyl chloride,
engineering thermoplastics, acrylonitrile butadiene styrene, others), end use
industry (building and construction, electricals and electronics,
transportation, others), and region (North America, Europe, APAC and the Rest
of the World).
Lucintel
predicts that the polyurethane segment is expected to remain as the largest
market by value and volume due to widespread adoption of organophosphorus flame
retardants (OPFRs) in polyurethane (PU) foam for furniture and upholstery
applications is driven by the imperative to enhance fire resistance, ensuring
compliance with stringent safety regulations and reducing the risk of
fire-related incidents in residential, commercial, and public environments.
Within
this market, building and construction is expected to be the largest segment by
end use industry due to stringent fire safety regulations and the need to
enhance the flame resistance of construction materials.
Download
sample by clicking on organophosphorus
flame retardant market.
Asia
Pacific is expected to emerge as the largest market due to rebound production
in electrical and electronics in countries such as China, India, and South
Korea, along with high plastic consumption.
Israel
Chemical, Clariant, Lanxess, Thor Specialties, Daihachi Chemical are the major
suppliers in the organophosphorus flame retardant market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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