Flame Retardant Adhesives Market REPORT OVERVIEW
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The global flame retardant adhesives market size was USD 241.7 million in 2022 and market is expected to USD 408.88 million in 2031, exhibiting a CAGR of 5.4% during the forecast period.
Flame retardant adhesives are used to create flame-retardant tapes, which are then coated on backing material and joined together either permanently or temporarily via adhesives. In order to prevent an accident, flame retardant adhesive tapes operate as a barrier between the core system of a material and the flame. Due to its widespread use in the electronics, building, manufacturing, aerospace, military, and other industries, the market for flame retardant tapes is booming in terms of value and demand. Strong bonding, stability in high-temperature environments, and the capacity to protect and insulate the material are just a few of the excellent qualities of flame retardant tapes. Single- or double-coated tapes that are flame-resistant are available.
COVID-19 Impact: Impact: Halt on Demand, Supply, and Manufacturing Operations to Impede Market Growth
The COVID-19 epidemic has significantly impacted the growth of the automotive and construction industries. It is anticipated that the suspension of manufacturing activities, the slowing of construction projects, and ongoing labor shortages brought on by travel restrictions will have an effect on market growth for flame retardant adhesives as well as the demand for the products and their derivatives in construction applications over the course of the forecast period. The global market for flame retardant adhesives is fiercely competitive due to the presence of numerous multinational businesses that are constantly engaged in current R&D projects.
LATEST TRENDS
"Environmental Benefits of Adhesives to Spur Lucrative Opportunities"
In order to meet the quality standards of ornamental panels intended for domestic use, flame retardants for adhesives were optimized and modified to create a new design glue. The eco-board flame-retardant adhesive was designed to accomplish the flame-retardant performance of flame-retardant impregnated film-coated wood board at the level of B1-C for practical manufacturing by optimizing the ratio of adhesives and flame retardants, as well as the amount of coating. Each and every dipping, peeling, surface bonding strength, and formaldehyde release met enterprise and national standards. These findings led to the establishment of an industrial manufacturing line for flame-retardant impregnated film paper veneer board, also known as flame-retardant ecological board.
These are the benefits of this approach. The danger of environmental contamination is decreased, the emission of toxic substances was controlled, and the amount of flame retardant was drastically reduced. This accomplished cheap cost, simple procedure, easy manufacturing, and environmental protection while also somewhat diluting the adhesive layer and reducing the adhesive content's contribution to the quantity of formaldehyde produced.
Flame Retardant Adhesives Market SEGMENTATION
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- By type
Depending on the use flame retardant adhesives is categorized such as Halogen-free Flame Retardant Adhesive, Halogen Flame Retardant Adhesive. The Halogen-free Flame Retardant Adhesive will capture the maximum market share through 2031.
- By Application
The flame retardant adhesives market is divided into Automotive, Aerospace, Construction, Electronics and other categories based on application. The construction and electronics segment will dominate the market share during 2031.
DRIVING FACTORS
"Increased Need for Flame Retardants in Many Applications to Boost Market Growth"
With the rising usage of plastics, foams, and composite materials, modern homes and public places include combustible elements. They may be safeguarded from fire with strict fire safety standards and laws. Utilizing flame retardant materials while building interiors is one of the fire safety guidelines' strategies. Explosion and fire-related mishaps are more likely now because of the flame retardant adhesives market growth of residential and commercial buildings. Due of this, a few nations in North America and Europe have imposed stringent fire safety laws and procedures. In order to comply with these regulatory restrictions, flame retardants are now being used more often in structures which have accounted for the market size growth. Due to the rising consumer demand for houses, devices, and cars, organizations like the National Fire Protection Association (NFPA) and International Code Council have created laws for fire safety.
"Increasing Global Need for Wires and Connections to Increase the Market Share"
There is a significant demand for wire and cable compounds, and meeting that need is become more difficult in sectors including telecommunications, electrical & electronics, automotive, and construction. While still adhering to the strict rules for these industries, wire and cable compounders are searching for halogen-free flame retardant solutions. While this is going on, solutions are being launched that allow for the simplification of manufacturing processes while efficiency in cable production remains a major goal. The development of cross-linkable halogen-free flame-retardant chemicals is a good example of this.
RESTRAINING FACTORS
"Strict laws on the usage of conventional flame retardants that address environmental and health issues"
Because of the harmful consequences that flame retardants have on the environment and human health, the market for them is heavily controlled. The two main regulatory bodies for flame retardants are the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH). The flame retardant adhesives market share for flame retardants has now gone worldwide. The flame retardants sector is impacted globally by laws in one area. Traditional flame retardants that contain bromine and chlorine are hazardous to human health and the environment. Due of this, numerous flame retardants, including Deca-BDE, TBBPA, and HBCD, have been banned by various regulatory organizations. With effect from 2008, the EU and two US states—California and Maine—banned goods that contained more than 1% of penta- or octa-BDE. The use of brominated and chlorinated flame retardants is governed by several other regulatory organizations, including the WEEE Directive and the Restriction of Hazardous Substances (RoHS) directive.
Flame Retardant Adhesives Market REGIONAL INSIGHTS
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"Standard of Living to Foster Market Growth in Asia Pacific"
Significant growing nations like China and India are found in Asia Pacific. Because of this, this area has a lot of potential for the growth of most sectors. The market for flame retardants is expanding quickly and presents potential for many businesses. The industrial and processing industries are expanding quickly in the area, which has around 61.0% of the global population. China is the leading market for flame retardants in Asia Pacific, which is predicted to increase rapidly. The region's growing population and rising standard of living are driving up demand in a number of industries, including building and construction, electronics and appliances, and automotive and transportation. The market growth for flame retardants in the area is being driven by all these causes.
The requirement for manufacturers to follow fire safety regulations is increasing due to the expanding usage of plastic resins in the production of electronic equipment. The fire safety of electronic components and objects is subject to fairly strict requirements in places like Europe and North America. The increased use of flame retardants in the electronics and appliance sector is a result of all these issues. Due to the risk of fire, electronic gadgets must adhere to fire safety requirements. The regulations for including flame retardants in the products are set out by regulatory agencies like the NFPA (US), DIN (Germany), and BS (UK). As a result, the electrical and electronics sector is seeing an increase in demand for flame retardants. The electrical and electronics sector is being driven by these factors, as well as the growing awareness of fire safety, which is increasing the need for flame retardants on a worldwide and regional scale.
KEY INDUSTRY PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Henkel
- Sika
- H.B. Fuller
- Arkema
- 3M
- Dexerials Corporation
- Permabond
- Master Bond
- Zettex
- Hodgson Sealants
- Weiss Chemie + Technik
- Envirograf
- Forgeway
- GLT Products
REPORT COVERAGE
The report provides an insight into the market from both the demand and supply sides. Further, it also provides information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Many other important factors such as the latest trends and the key industry players are also given. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market. An analysis of the market’s growth has also been covered.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 241.7 Million in 2022 |
Market Size Value By |
US$ 408.88 Million by 2031 |
Growth Rate |
CAGR of 5.4% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the flame retardant adhesives market expected to touch by 2031?
Based on our research, the global market of flame retardant adhesives market size is projected to touch USD 408.88 million in 2031.
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What CAGR is the flame retardant adhesives market expected to exhibit by 2031?
The flame retardant adhesives market is expected to exhibit a CAGR of 5.4% by 2031.
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Which are the driving factors of the flame retardant adhesives market?
Increased Need for Flame Retardants in Many Applications and Increasing Global Need for Wires and Connections are the driving factors of the flame retardant adhesives market.
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Which are the top companies operating in the flame retardant adhesives market?
Henkel, Sika, H.B. Fuller, Arkema, 3M are some of the leading companies in the flame retardant adhesives market.