Global Flame Retardant Masterbatches Market: Brief Account
The global flame retardant masterbatches market is anticipated to experience a strong growth during the forecast period, 2018 – 2026, owing to aggressive growth in the construction industry all across the world. High demand for renovation and refurbishment of old buildings and monument is driving the market. Rapid industrialization is considered to play a crucial role in lifting the market. Flame retardant is a chemical that is mixed with different materials like plastic, fabrics, etc. to higher their resistance against ignition, slacken flame spread and suppress smoke. Flame retardant is mixed during masterbatches formulation in the plastic industry, then absorbed as additives with different kind of polymers. Flame retardant masterbatches finds it application as additives in manufacturing textiles, foam, coating, plastics, and surface finishes.
Global Flame Retardant Masterbatches Market: Trends and Opportunities
Significant growth in the construction industry is one of the major driver that is pushing the global flame rertardant masterbatches market in the forward direction. Plastics incorporated with flame retardant masterbatches are extensively used for building numerous products and materials. These also helps them to follow fire safety regulations, thus propelling manufacturers to uptake flame retardant masterbatches. Aluminum tryhydrate is considered to be most used type of flame retardant massterbatches, as it has high flame retardant and smoke suppressing properties among the rest. This has made it made it a better alterenatives antimony trioxide as the latter is produces toxic fumes when comes in contact with flame. Another reason that is driving the market is aluminum tryhrate can retard fire at 220 degree Celsius. Surge in demand for thermoplastics along with low smoke properties is bolstering the market growth.
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Apart from these, impressive growth in the electric and automotive industry are likely to trigger the demand for flame retardant mastermatches.
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