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全球阻燃化学品市场 - 2024-2031Global Flame Retardant Chemicals Market - 2024-2031 |
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概述
2023年全球阻燃化学品市场规模达72亿美元,预计2031年将达105亿美元,2024-2031年预测期间复合年增长率为4.8%。
阻燃化学品包括氯、溴、磷或氮基化学品,用于防止材料起火。这些化学品卓越的隔热性能正在推动需求的成长,推动阻燃化学品市场的发展。阻燃化学品的主要最终用户,如交通运输、建筑施工以及电气和电子产品,正在经历产量增加的繁荣。
根据欧盟统计局报告,2022 年 2 月,欧洲土木工程建筑业的产量增加了 8.6%。随着建筑业的快速成长,阻燃化学品的需求和使用量激增,推动了预测期内的市场成长。此外,汽车产量的扩大以及电气和电子行业的扩大正在推动阻燃化学品市场的成长。
到 2023 年,北美预计将成为第二主导地区,占全球阻燃化学品市场的 20% 以上。美国在区域市场中占据主导地位,其次是加拿大。这与美国的大规模生产以及电子电气、汽车和建筑业的扩张有关。
动力学
不断增长的汽车和飞机产量
由于具有良好的耐热性,防火化学品主要用于製造汽车和飞机座椅及其内部零件的防火材料。由于汽车和航空航天等主要运输行业产量的增加,运输业多年来显着增长。根据欧洲汽车製造商协会公布的数据,2021年全球汽车产量为7,910万辆,较2020年成长1.3%。
此外,通用航空製造商协会表示,2022年上半年飞机製造和出货总量达到1,174架,比2021年同期成长9.9%。化学品激增,对预测期内的市场成长产生正面影响。
蓬勃发展的电子及电子产业
电子元件包括电路板、电线和电缆、连接件和开关。所有这些都被认为是可能的点火源。在铸造过程中向这些部件添加阻燃化学品,以防止它们在较大火灾情况下着火。由于对手机、电视和电脑等电气设备和消费性电子产品的需求不断增长,电气和电子产业大幅扩张。
美国人口普查局公布的资料显示,2022年7月美国电子元件产量较2021年同月增长14.8%。和电子产业的强劲成长,在预测期内对阻燃化学品的需求将会增加。
严格的规定
儘管阻燃化学品可用于避免火灾,但其中使用的化合物非常危险。当这些化学物质接触到人类,尤其是青少年时,它们会导致癌症、削弱免疫系统并造成神经系统问题。由于对健康有害,一些国家的政府已经实施了具体的法规。
根据美国消防局发布的声明,2022年1月,《家庭与消防员保护法案》在纽约获得通过,禁止在消费品中使用阻燃剂。此外,根据中国生态环境部于2021 年6 月发布的声明,由于六溴环十二烷等卤化阻燃化学品的危害性,中国政府将从2021 年12 月开始禁止使用此类化学品。此类规定将对阻燃化学品市场的扩大。
Overview
Global Flame Retardant Chemicals Market reached US$ 7.2 billion in 2023 and is expected to reach US$ 10.5 billion by 2031, growing with a CAGR of 4.8% during the forecast period 2024-2031.
Flame retardant chemicals include chlorine, bromine, phosphorous or nitrogen-based and are used to keep materials from catching fire. The chemicals' exceptional thermal insulation qualities are driving up demand, propelling the flame retardant chemicals market. Major end-users of flame retardant chemicals, such as transportation, building & construction and electrical & electronics, are experiencing a boom that has increased output.
As reported by Eurostat, in February 2022, production in the European civil engineering construction sector climbed by 8.6%. With such a fast increasing building and construction sector, demand and usage of flame retardant chemicals have surged, propelling market growth over the projection period. Furthermore, expanding automobile production and augmenting expansion in the electrical and electronics sectors are driving the growth of the flame retardant chemicals market.
In 2023, North America is expected to be the second-dominant region with over 20% of the global flame retardant chemicals market. U.S. dominates the regional market, followed by Canada. It can be linked to large-scale production and the expansion of the electrical and electronics, automotive and construction sectors in U.S. Increased expenditures in EVs and private construction projects have led to development in the automobile and construction industries.
Dynamics
Growing Automotive & Aircraft Production
Owing to their great heat resistance, fire protection chemicals are largely used to make automotive and aircraft seats, as well as their interior components, fire resistant. The transportation sector has grown significantly over the years as a result of increased production in major transportation industries such as automotive and aerospace. According to figures published by the European Automobile Manufacturers Association, global automotive output in 2021 amounted at 79.1 million vehicles, representing a 1.3% rise in comparison to 2020.
Furthermore, the General Aviation Manufacturers Association said that overall aircraft manufacturing and shipment reached at 1,174 units in the first half of 2022, up 9.9% from the same period in 2021. With such an increase in automobile and airplane production, the need for flame retardant chemicals in the transportation industry has surged, consequently positively impacting market growth during the forecast period.
Booming Electronic & Electronics Sector
Electronic components include circuit boards, wires and cables, connections and switches. All of these are thought to be possible origins of ignition. Flame retardant chemicals are given to these components during the casting process to keep them from catching fire during larger fire situations. The electrical and electronics sector has expanded significantly due to rising demand for electrical equipment and consumer gadgets such as cellphones, televisions and computers.
According to data released by US Census Bureau, electronic component production in U.S. increased by 14.8% in July 2022 when compared to the same month in 2021. Furthermore, the India Brand Equity Foundation estimates that India's electronics manufacturing business will be worth US$ 520 billion by 2025. With such robust growth in the electrical and electronics sector, demand for flame retardant chemicals will increase during the forecast period.
Stringent Regulations
Though flame retardant chemicals are useful in avoiding fires, the compounds employed in them are highly hazardous. When these chemicals come into touch with humans, particularly youngsters, they can cause cancer, weaken the immune system and create neurological problems. Because of the harmful health implications, governments in several nations have enforced specific regulations.
According to a statement issued by U.S. Fire Administration, in January 2022, the Family and Firefighter Protection Act was approved in New York, which prohibits the use of flame retardants in consumer items. Furthermore, according to a statement issued by China's Ministry of Ecology and Environment in June 2021, the government would ban the use of halogenated flame retardant chemicals like hexabromocyclododecane due to their harmful nature beginning in December 2021. Such regulations are expected to constitute a challenge for the market expansion of flame retardant chemicals.
The global flame retardant chemicals market is segmented based on type, material, grade, application, end-user and region.
Rising Investments in Construction Drives the Segment Growth
Building & construction is expected to be the dominant segment with over 30% of the market during the forecast period 2024-2031. Household fires are a major cause of human fatalities. Flame retardants are utilized in building materials and products to comply with stringent fire safety rules. Flame retardants are commonly utilized in buildings for structural insulation. Insulation is used in homes and other buildings to keep the temperature comfortable while conserving energy.
Rapid urbanization, advantageous investment and expansion in architectural locations have fueled the growth of building and construction. According to the National Bureau of Statistics of China, construction investment rose by 6.7% in the first half of 2022. The Indian government established the National Infrastructure Pipeline in 2021, with an investment of US$ 1.4 trillion projected, with 24% allocated to renewable energy, 19% to roads and highways, 13% to railroads and 16% to urban infrastructure.
Technological Advancements from Various Industries in Asia-Pacific
Asia-Pacific is expected to be t he dominant region in the global flame retardant chemicals market covering over 20% of the market. Automotive production technology has advanced and there is a growing demand for residential units in major Asia-Pacific economies including China, India, Japan and Australia. In accordance to the International Organization of Motor Vehicle Manufacturers, Chinese automobile output climbed by 3% in 2021, whereas India increased by 30%.
Furthermore, figures from Japan's Ministry of Land, Infrastructure, Transport and Tourism show that house development increased by 6% in March 2022 compared to the same month in 2021. With the rapid development of these key end-users of flame retardant chemicals, the demand and consumption of such compounds are expected to rise. It will enhance the development of the flame retardant chemicals market during the forecast period.
The major global players in the market include BASF SE, LANXESS, ICL Group, Albemarle Corporation, Akzo Nobel, Huber Engineered Materials, Clariant AG, Italmatch Chemicals, Budenheim Chemicals KG and Henkel.
The construction industry, a significant consumer of flame retardants, has faced a downturn due to project delays, labor shortages and financial uncertainty. It resulted in a temporary fall in demand for flame retardant chemicals. As economies reopened and activity resumed, demand recovered. The need for infrastructure projects as an aspect of economic recovery plans increased demand in the last stages of the pandemic.
The car industry experienced severe production halts and lower sales during the pandemic, affecting demand for flame retardants. As production began and customer demand improved, the market gradually recovered. As more individuals worked from home, there was a greater need for electronic devices and household appliances, which frequently required flame retardant materials.
Russia-Ukraine War Impact
The war has affected the supply of essential raw materials used in the production of flame retardant chemicals. Russia and Ukraine are major providers of numerous chemicals and raw materials. The war has resulted in shortages and higher pricing for these vital supplies. It disrupted transportation lines, particularly in Eastern Europe, resulting in delays and increased prices for transferring raw materials and completed goods. Disruptions in ports and rail networks have exacerbated these concerns.
Russia is an important exporter of oil and natural gas and the conflict caused fluctuations in energy prices. Increased energy costs have resulted in higher production costs for flame retardant chemicals, as energy is a key component in their manufacturing processes. The war's broader economic impact, including sanctions and trade restrictions, has helped to drive up globally prices. It has resulted in increased costs for raw materials, transportation and other industrial inputs.
The global flame retardant chemicals market report would provide approximately 78 tables, 84 figures and 220 pages.
Target Audience 2024
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