BEIJING – A new report by China-based market research firm GCiS China Strategic Research estimates that the domestic market for flame retardant chemicals in China was valued at nearly RMB 6.8 billion, or roughly $1.1 billion, at the end of 2014. The study finds that the market will continue to thrive in the next few years, but the 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, and direct export, and is expected to lead in global market growth. Locally produced phosphorous flame-retardant chemicals are gradually replacing previously popular halogen-containing chemicals in a broad range of applications, particularly in the plastics and rubber segments. Consumption of inorganic flame retardants 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’ expectations.
The report features an 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 chemicals are used in the plastics and rubber industries as an important additive to PP, PE, PU, engineering plastics for automobile and electronics, and flexible PVC. They are closely followed by the electrical and electronics, chemical (mostly coatings), and electric wire manufacturing industries.
The study draws on a three-month survey of 58 of the market’s suppliers and channel players. Major areas covered include: market size and shares, five-year projections, market structure, pricing trends, distribution, an assessment of key suppliers, and more.
For additional information about the report, e-mail firstname.lastname@example.org, or visit http://www.gcis.com.cn/Research/Flame%20Retardant%20Chemicals%202014.htm.