$23.6 Bn Flame Retardant Chemicals Markets - Global Outlook & Forecasts 2017-2026
PR News Wire | January 28, 2019
The "Flame Retardant Chemicals - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering. Global Flame Retardant Chemicals market accounted for $12.05 billion in 2017 and is expected to reach $23.65 billion by 2026 growing at a CAGR of 7.7% during the forecast period. Some of the key factors favouring the market growth are growing regulations regarding the safety of environment & human health, high demand from emerging industries, regulatory guidelines for toxic compounds and rising usage of consumer electrical & electronic goods are driving for the market growth. Moreover, developing more effective synergist compounds and emerging technologies are the major opportunities during the forecast period. However, high cost, raw material shortages and toxicity issues concerning to product manufacturing are hampering the market growth.