The global flame retardants market is projected to witness a steady growth during the forecast period, 2023-2027 according to a new report.

The predicted market growth is attributed to the high demand for flame retardants across various end-user industries such as transportation, construction, electrical & electronic industry, and an increase in fire safety regulations.

Rising safety concerns and large sales of electronic products are anticipated to accelerate the global flame retardants market growth in the forecast period.

Globally, stricter fire safety laws have caused industry companies to develop cutting-edge flame retardants.

The growing disposable income of consumers and rising internet penetration are boosting the sales of electronic products and the advent of advanced technologies coupled with the ongoing research and development activities are positively influencing the growth of the global flame retardants market.

Increasing investments to advance flame retardant technology with qualities like UV stability, corrosive resistance, and excellent dispersion in flame retardant materials are expected to influence the demand.

The global flame retardants market is segmented on the basis of type, polymer, application, regional distribution, and competitive landscape. Based on the polymer type, the market is divided into polyamide, polyesters, epoxy, polyolefin, vinyl ester, polyurethanes, and others. Epoxy is expected to register the highest growth in the market during the forecast period, owing to its wide applications in the automotive and electronics industries.