Report forecasts steady growth for flame retardants

The global market for flame-retardant chemicals was worth US$4.1billion in 2008, according to a technical research report by BCC Research.

The Wellesley, Mass.-based market research firm forecasts this to grow at a compound annual growth rate of seven per cent, and increase to US$6.1 billion by 2014.

In volume terms, worldwide consumption of flame-retardant chemicals in 2008 was more than 3.2 billion pounds.

According to BCC estimates, this volume will reach nearly 4.3 billion pounds worldwide by 2014, at an annual average growth rate of 4.9 per cent.

BCC said that price increases for most products will have an impact on the average annual growth rate of the market’s sales.

The BCC report, entitled “The Global Market for Flame-retardant Chemicals”, covers additives and chemicals used in plastics, textiles, wood/paper, coatings/paper, coatings/construction and coatings/decorations.

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