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SAN FRANCISCO , July 14, 2022 /PRNewswire/ -- The global textile flame retardants market size is expected to reach USD 717.0 million by 2030, as per a new report by Grand View Research, Inc. registering a CAGR of 3.6% during the forecast period. The market growth is attributed to the rise in product demand from end-use industries such as industrial manufacturing, transportation, and defense. Flame retardants are chemicals used to retard flame propagation in textiles, plastics, building & construction, electrical & electronics, transportation, and defense applications. They exhibit different chemical compositions and are classified into halogenated and non-halogenated types.

Key Industry Insights & Findings from the report:

Read 109-page market research report, "Textile Flame Retardants Market Size, Share & Trends Analysis Report By Product (Halogenated, Non-halogenated), By Application, By Type, By Technology, By End-use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Textile Flame Retardants Market Growth & Trends

In addition to increased scrutiny from regulatory agencies around the world, developments in chemical sciences have increased the demand for the product. Regulations aimed at reducing the risk of fires have also been implemented as a result of this. In the creation of textile materials with flame retardants integrated, a variety of retardants, including aluminium trihydroxide, brominated, chlorinated, antimony oxides, and organophosphorus, are used. They are used in the production of styrene, epoxy resins, engineering thermoplastics, and Polyolefins.

Significant R&D activities focused on developing new offerings for the market have led to the introduction of bio-based products. This is projected to upsurge product demand, thereby further expanding its application scope. However, the market for bio-based products is still in the nascent phase and is projected to grow in line with commercialization and consumer cognizance.

Textile Flame Retardants Market Segmentation

Grand View Research has segmented the global textile flame retardants market report on the basis of basis of product, application, type, technology, end-use, and region:

Textile Flame Retardants Market - Product Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

Textile Flame Retardants Market - Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

Textile Flame Retardants Market - Type Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

Textile Flame Retardants Market - Technology Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

Textile Flame Retardants Market - End-use Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

Textile Flame Retardants Market - Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

List of Key Players of Textile Flame Retardants Market

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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.

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