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Development Status of Flame Retardant Market

       Flame retardants are a class of additives that prevent the ignition of polymeric materials or inhibit the spread of flames. The flame retardant is incorporated into the composite material during the processing of the composite material, which is convenient to use and has strong adaptability, but it has an impact on the performance of the composite material.
       The production and consumption of flame retardants in China continued to develop, and the average annual consumption growth rate from 2002 to 2004 exceeded 20%. Since 2002, the domestic consumption of flame retardants has risen sharply, and the increased market share mainly comes from two aspects: electronic appliances and automobile markets.
       The variety and consumption of flame retardants in China are still dominated by organic flame retardants, and the production and consumption of inorganic flame retardants are still relatively small, but the development momentum is good and the market potential is large. Although the most commonly used halogen-based flame retardants in flame retardants have unparalleled high efficiency of other flame retardant series, their harm to the environment and people cannot be ignored. Environmental protection issues are the focus of the development and application of additives, so domestic and foreign have been adjusting the product structure of flame retardants and increasing the development of high-efficiency and environmentally friendly flame retardants.
       In 2007, among the flame retardant products in China, chlorine-based flame retardants accounted for 84%, while low-smoke and non-toxic inorganic flame retardant products only accounted for about 8% of the total. There is a huge potential market for building flame retardant materials in China. There is a big gap between China's flame retardant varieties and the dosage of developed countries. With the strengthening of national requirements for flame retardant technology, the development and development of low-smoke and non-toxic flame retardants in China will have better prospects.
       With the expansion of market demand for plastic products, the domestic consumption of flame retardants has risen sharply. Wires and cables, household appliances, automobiles and energy-saving lamps are the main application areas of flame retardant modified plastics, which are estimated according to the difference in the amount of flame retardants added in flame retardant modified plastics. In 2018, the demand for flame retardants in wire and cable applications was 380,000 tons, followed by home appliance applications with a demand of 139,000 tons, and automotive and energy-saving lamp applications for 86,000 tons and 10,000 tons respectively. .
       Except for 2017, the market demand for flame retardants in China showed a continuous and stable growth trend. In 2019, the market demand for flame retardants in my country was 824,000 tons, a year-on-year increase of 7.7%. With the rapid development of the downstream application market and the improvement of fire protection awareness, the market demand for flame retardants will further increase, and the market demand for flame retardants is expected to be 1.28 million tons in 2025.