BDP Flame Retardants Market Size, Share, Growth, and Industry Growth, By Type (PC/ABS, PCB/Epoxy, Polyphenylene Oxide Alloys), By Application (Building & Construction, Electrical Electronics, Wires & Cables, Transportation, and Automobile Parts), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

BDP Flame Retardants Market REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

The global BDP flame retardants market size was USD 642.06 Million in 2021 and market is projected to touch USD 1953.6 Million by 2031, at a CAGR of 11.77% from 2022 to 2031.

BDP retardant is a halogen-free flame used in engineered resins with excellent hydrolytic stability, low volatility, and high thermal stability that can bear the high temperature for engineered resins. It is insisted for use in PPO/HIPS, PC/ABS, epoxy resins, and others. BDP stands for bisphenol diphenyl phosphate. The phosphorus flame retardant reacts with radicals such as BFRs and can act in condensed phases by yielding intumescence or forming inorganic glasses. The PFRs are known as char formers during the burning process; they produce phosphoric acids that react with the substrate by producing a char that acts as substrate protection.

The main characteristics of BDP flame retardants include reducing flammability and combustion. The companies use it as a coat to avoid combustion or flammability in the residential or commercial sectors. It subsumes a wide group of chemicals, adding manufactured materials such as textiles and plastics. Flame retardants are activated by the presence of an ignition source used to prevent the development of ignition by various chemical and physical methods. The mineral flame retardants are an additive while organophosphorus and organ halogen. 

COVID-19 Impact: Restrictions on Trading Affected the Supply Chain during the Pandemic

Due to the COVID-19 pandemic's lockdown, there was a substantial impact on the supply chain for producers because there was a limited supply of goods and resources. Trade restrictions, particularly in nations such as China and India, led to a shortage of raw materials for businesses. The finished items were produced less frequently due to factors restricting the enterprises' manufacturing ability. Furthermore, the production costs were frequently affected by changes in raw material prices, which presented a further challenge for the chemical firm. Additionally, the number of chemical and advanced materials producers and suppliers reduced or shut down their manufacturing facilities due to supply chain disruptions, a lack of raw materials and personnel, and rigorous governmental controls.

LATEST TRENDS

"Rising Safety Concern among the Population to Encourage Market Growth"

The concern among the population regarding safety is increasing, which is predicted to foster major growth of the BDP flame retardants market. An increase in the number of casualties in businesses and homes is leading to a higher demand for BDP flame retardants. These products are widely used due to their easy application and minimal fire risks during emergencies. The population is concerned about their safety, and thus, they demand flame retardants. Moreover, the cases of fire accidents have increased, making it essential for every building or household to have at least a flame retardant. These factors are forecasted to propel the BDP flame retardants market growth in the foreseeable future. 

BDP Flame Retardants Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

By type, the market is segmented into PC/ABS, PCB/Epoxy, and polyphenylene oxide alloys.

• By Application Analysis

Based on application, the market is classified into building & construction, electrical electronics, wires & cables, transportation, and automobile parts.

DRIVING FACTORS

"Rising Construction Activities to Create Lucrative Growth Opportunities for the Market"

The growing construction activities are anticipated to surge the BDP flame retardants market growth. The construction activities are coupled with advanced safety installation to augment growth. The construction activities for developing new industries, commercial, and the launch of advanced house projects are increasing. The implementation of strict norms for safety from fire is positively impacting the market. Moreover, the renovation and reconstruction of houses lead to a higher demand for the product. Innovation in sound-based technology is an additional factor estimated to influence the market's growth. 

"Strict Government Regulations for the Population's Safety to Foster Market Growth"

The commercial and residential sectors are expanding, which is estimated to surge the demand for the product. The government has launched various safety measures and norms for the safety of industrial, commercial, and public areas, which boosts the demand for portable BDP flame retardants. The escalating investment in the construction industry is also likely to boost the market's growth. Moreover, the product is used in various industries such as electrical & electronics, building & construction. Wires & cables, automobile parts, and transportation. The consumption of the product from these sectors leads to an increase in demand. These factors are forecasted to flourish in market growth.

RESTRAINING FACTORS

"Use of Harmful Chemicals in the Product to Hamper Market Growth"

Hazardous chemicals such as HBCD, TCEP, PBDE, and bromine are used in BDP flame retardants, which are estimated to hinder the market growth. These chemicals release more hydrogen cyanide and carbon dioxide into the environment, which disrupts the environmental balance. The government has banned many harmful chemicals such as PBDE and other toxic chemicals. Thus, toxic chemicals are anticipated to be the major factor challenging market growth.  

BDP Flame Retardants Market REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"North America to Be the Dominant Due to the Rising Construction Activities in the Region"

North America is projected to lead the BDP flame retardants market share on account of the increasing construction activities coupled with the implementation of strict safety regulations. 

Asia Pacific to be the second largest leading region in the global market due to the larger requirement for infrastructure from emerging countries such as India, China, and Japan.

KEY INDUSTRY PLAYERS

"Key Players Focusing On Innovative Technology Development to Grow in Market"

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher market share by launching new products. 

List of Market Players Profiled

• Arbon (U.S.)
• Shandong Moris (China)
• Jiangsu Yoke (China)
• Shengmei Plastify (China)
• ADEKA (Japan)
• Zhejiang Wansheng (China)
• ICL (Israel)
• Qingdao Fundchem (U.S.)
• Albemarle (U.S.)
• Ocean Chem (India)
• Daihachi Chemical (Japan)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for stem cells to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using various primary and secondary sources.