Global increase in safety regulations pertaining to fire hazards in infrastructure & electrical industry is expected to drive non halogenated flame retardant market growth over the next six years. Increase in impose of government regulations for ban of halogenated retardants is expected to fuel market growth. Government associations such as WEEE & REACH in Europe, environmental protection agency (EPA) in U.S. and CEPA in Canada are imposing strict regulations to safeguard environment and consumers. Non halogenated flame retardant is recyclable and produces less smoke & heat emissions, therefore making them more preferable over traditional halogen systems posing hazardous threat to consumers & environment. Global increase in spending on infrastructure activities mainly from regions of Asia Pacific is expected to significantly augment non halogenated flame retardant market growth.
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Growing demand for engineering plastics worldwide owing to its application in automobiles and electronics sector is expected to fuel non halogenated flame retardant market growth. Non halogenated flame retardant is expected to emerge as a dominant additive in engineering plastics owing for meeting customer specifications without compromising on quality. Public transportation system, where escape is a key requirement, prefers non halogenated systems owing to their low fume density and toxicity. Non halogenated flame retardant requires processing with excessive loadings which may hamper the market growth. Increase in nanotechnology investments is expected to provide a key opportunity for non halogenated flame retardant market growth. Nanotechnology is expected to reduce production costs and improve fire retardant properties.
Aluminium hydroxide dominated non halogenated flame retardant market in terms of consumption of volume owing to its use in infrastructure & electrical sector. Aluminium hydroxide is expected to account for a major share in consumption over the forecast period from 2014 to 2020. As on 2013, phosphorous based flame retardants accounted for over half of the market share in terms of revenue contribution owing to benefits from loading levels and mechanical properties. Phosphorous based retardant is expected to generate high revenues despite being lowest consumed in the segment over the forecast period of 2014 to 2020.
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