According to a recent report by Freedonia Consulting, the global demand for flame retardants is expected to grow at an average annual rate of 4.8% over the next five years, reaching 2.2 million tons by 2009. Meanwhile, the market value is projected to rise at an average annual rate of 8.5%. High-value special flame retardants, such as bromine-based, phosphorus-based, telluride, and manganese compounds, are anticipated to maintain a strong presence in the market, while the demand for aluminum-based flame retardants will grow more slowly. Chlorinated flame retardants, on the other hand, are expected to show the lowest growth rate.
Freedonia also highlighted that stricter environmental regulations in Europe and North America have significantly impacted the use of chlorine-, fluorine-, and bromine-based flame retardants. In Western Europe, the demand for flame retardants is expected to grow at an average annual rate of 3%, reaching 505,000 tons by 2009. In North America, the growth rate is forecasted to be slightly higher at 3.4%, with demand expected to reach 715,000 tons by 2009. In contrast, developing countries face fewer restrictions, and their domestic markets are less affected. As a result, the export market remains a key driver for these regions.
The Asia-Pacific region is expected to see the strongest growth, with demand for flame retardants increasing at an average annual rate of 7% over the next five years. By 2009, the region’s demand is projected to reach 810,000 tons, surpassing North America to become the world's largest flame retardant consumer market.
In response to rising production costs, leading manufacturers like Albemarle, Chemtura, and ICL have recently announced price increases. ICL raised prices by 15% to 30% starting October 15, affecting products such as tetrabromobisphenol A and decabromodiphenyl oxide. Albemarle and Chemtura also increased their bromine production capacity by 40% from October 1, signaling a strategic move to meet growing demand amid supply constraints. These actions reflect the ongoing challenges and shifts in the global flame retardant industry.
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