GCiS China Strategic Research estimates that the domestic market of flame retardant chemical in China is valued at nearly RMB 6.8 Bn, or roughly USD 1.1 Bn, as of the year end of 2014. The study finds that the market will continue to thrive in the next few years, but growth rate varies greatly by product type.
China continues to play a prominent role in the global flame retardant chemical market in terms of production, domestic consumption as well as direct export and is expected to lead in global market growth. Locally produced phosphorous flame retardant chemical is gradually replacing previously popular halogen-containing chemicals in a broad range of applications, particularly in plastics and rubber segment. Consumption of inorganic flame retardant is also on the rise. Both domestic and overseas fire retardant standards and environmental regulations are the driving forces behind this trend; however weaker law enforcement and supervision in China may make the transition slower than suppliers’ optimistic expectation.
The report features in-depth analysis of the five key product types, phosphorous, brominated, inorganic, chloride and other types of flame retardant chemicals. The majority of fire retardant chemical is used in plastics & rubber industries as an important additive to PP, PE, PU, engineering plastics for automobile and electronics, flexible PVC, and they are closely followed by the electrical & electronics, chemical (mostly coatings) and electric wire manufacturing industries. Other key applications of consideration include chemical, textile, wood processing, paper and more, though size of demand is relatively lower in these sectors.
This GCiS market study draws on a three month in-depth primary survey of 58 of the market's suppliers and channel players. It is essential reading for any professional needing accurate and detailed strategic information of this market. Major areas covered include: market size and shares, five-year projections, market structure, pricing trends, distribution, an assessment of key suppliers and more.
