TCPP Flame Retardant Market Size, Share, Growth, And Industry Analysis by Type (Endothermic Degradation, Dilution of Gas Phase, Gas Phase Radical Quenching, Thermal Shielding) by Application (Polyurethane Foam, Engineering Plastic and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

TCPP Flame Retardant Market Report Overview

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The global TCPP flame retardant market size was USD 371.9 million in 2022 and market is projected to touch USD 453 million by 2031, exhibiting a compound annual growth rate (CAGR) of 2.0% during the forecast period.

Flame retardants are compounds that are added to manufactured materials such as plastics, textiles, surface treatments, and coatings to prevent the spread of fire. They may be applied as additive flame retardants to the base material or chemically bonded to the base material (reactive flame retardants). While mineral flame retardants are frequently additions, organohalogen and organophosphorus compounds can either be reactives or additives. TCPP is physically integrated into the material being treated because it is an addition rather than a chemical flame retardant. The amount of flame retardant used in any given application depends on a number of factors, including the level of flame retardancy required for a specific product, the effectiveness of the flame retardant and synergist within a specific polymer system, the physical properties of the finished product (such as colour, density, stability, etc.), and the intended use of the finished product.

Tris (2-chloroisopropyl) phosphate, sometimes referred to as TCPP, is a cost-effective flame retardant made of phosphorus and chlorine. It has the highest hydrolysis stability among the halogenated organic phosphates available right now. possess excellent resin compatibility and are soluble in the majority of organic solvents but not in water. TCPP flame retardant is soluble in alcohols, benzene, esters, and carbon tetrachloride but insoluble in water and aliphatic hydrocarbons. It is low toxicity, anti-static, moisture-proof, and non-corrosive. Equipment & electronics, automotive & construction, as well as emerging economies, particularly those that are increasing in the infrastructure sectors, represent the primary growth possibilities for the TCPP flame retardant market. The TCPP flame retardant market size and the goods based on them is projected to rise as these categories expand in emerging nations.

COVID-19 Impact: The Pandemic had an Adverse Effect on the Global Supply Chain Owing to Lockdown Restrictions

The pandemic's influence on the global supply chain negatively impacted the TCPP flame retardant market growth. The market is significantly influenced by the construction, electronics, and car sectors. A big market for electronics and construction is China. Strict lockdowns in the major areas hindered construction projects around the country. The demand for construction equipment sharply declined in the first quarter of 2020. mostly due to the COVID-19 pandemic China is one of the major producers of TCPP flame retardant. Lack of raw materials made it difficult for the nation to make TCPP flame retardants. Both society and the economy have been severely harmed by the COVID-19 pandemic. The outbreak has had an influence on the supply networks and value chains of several organisations. 

Latest Trends

"Building and Construction Segment to Dominate the Market"

One of the major factors contributing to the death toll is house fires. Due to stringent fire safety rules, TCPP flame retardant market are employed in building materials and other items. Flame retardants are primarily employed in the structural insulation of buildings. In order to keep interior spaces at a pleasant temperature and to save energy, insulation is employed in homes and other buildings. The most often used flame retardants in polyurethane foams, particularly liquid ones, are those based on phosphorus. There are three types of flame retardants that may be used with rigid polyurethane foams: additive liquid, reactive liquid, and solid. The market for TCPP flame retardant is being driven by various fire standards around the globe. In Europe, all building and construction materials (including stiff PU foams) must adhere to EN 13501's fire regulations. In the United States, building materials must pass ASTM E 84 testing. In the upcoming years, regions like the Middle East and Africa are likely to have faster growth in the global construction sector. This reflects the massive infrastructure and development projects being undertaken in Saudi Arabia, the United Arab Emirates, and Qatar. 

TCPP Flame Retardant Market SEGMENTATION

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• By type

Depending on TCPP flame retardant given are types: Endothermic Degradation, Dilution of Gas Phase, Gas Phase Radical Quenching, Thermal Shielding. The Endothermic Degradation type will capture the maximum market share through 2031.

• By Application

The market is divided in Polyurethane Foam, Engineering Plastic and Others based on application. The global TCPP flame retardant market players in cover segment like Polyurethane Foam will dominate the market share during 2031.

Driving Factors

"The Growing Demand for Cables Globally to Fuel Market Growth "

Compounds for wire and cable are in high demand and meeting their requirements is growing 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 TCPP 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. This is especially true for cross-linkable halogen-free TCPP flame retardant compounds, in the growth area.

"Growing Demand for Flame Retardants in Various Applications Resulting in Expanding Market Size. "

Modern houses and public spaces include flammable materials as a result of the increased use of plastics, foams, and composite materials. With the help of stringent fire safety standards and laws, they might be protected against fire. One of the tactics recommended by the fire safety recommendations is the use of TCPP flame retardant materials when building interiors. The increase in residential and commercial construction has increased the likelihood of explosion and fire-related accidents. As a result, some countries  in North America and Europe have enacted strict fire safety regulations. TCPP flame retardant are becoming increasingly frequently utilised in constructions in order to abide by these legal constraints. Organizations like the National Fire Protection Association and the International Code Council have created fire safety regulations in response to rising consumer demand for homes, gadgets, and automobiles. These factors are anticipated to drive TCPP flame retardant market growth during the forecast period.

Restraining Factors

"Growing Focus on Sustainability and Environmental Protection will Constrain Market Growth"

The market for TCPP flame retardant is tightly regulated due to the negative effects they have on the environment and human health. The Environmental Protection Agency (EPA) and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACC) are the principal regulating agencies for flame retardants (REACH). TCPP flame retardant are currently sold on a global scale. Laws in one country have an influence on the worldwide flame retardants industry. Traditional flame retardants using bromine and chlorine are harmful to the environment and people's health. Many flame retardants, including Deca-BDE, TBBPA, and HBCD, have been prohibited as a result by various regulatory agencies. Items containing more than 1% of PentaBDE or OctoBDE were outlawed beginning in 2008 in Maine, California, and the US states of EIJ and WVO. Other regulatory bodies, such the WEEE Directive and the Restriction of Hazardous Substances (RoHS) directive, regulate the use of brominated and chlorinated flame retardants.

TCPP Flame Retardant Market Regional Insights

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"Asia Pacific is Anticipated to be the Biggest Consumer in Terms of Value and Volume "

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 TCPP flame retardant market share is expanding quickly and presents potential for many businesses. The industrial and processing industries are expanding quickly in the area, which has around 61.00/0 of the world's 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 TCPP flame retardant market growth in the area is being driven by all of these causes. During the projected period, these factors are likely to propel TCPP flame retardant market share.

Europe is expected to grow at a CAGR of 10.9% throughout the projected period and generate USD 25 billion. With 41 assembly and engine production facilities, Germany is the industry leader in Europe, producing one-third of all the cars that are sold there. Manufacturers from a variety of sectors, including equipment producers, suppliers of materials and components, engine producers, and integrators of complete systems, are located in Germany, one of the leading automotive production centres. The German aerospace industry consists of more than 2,300 enterprises, with the greatest concentration in the country's north. The United Kingdom has one of the safest economies in all of Europe. The building industry is anticipated to benefit from rapid urbanisation, increased population growth, and tourism, notably in the residential and recreational sectors. The government has been putting more money into transportation infrastructure, finishing important projects more quickly, and expanding opportunities for the service industry.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• ICL (Isreal)
• Albemarle (U.S)
• Lanxess (Germany)
• DAIHACHI (Japan)
• Jiangsu Yoke Technology (China)
• Zhejiang Wansheng (China)
• Taizhou Xin’an retardant Materials (China)
• TRCI (U.K)
• Futong Chemical (China)
• Jiangsu Firex Chemical (China)
• Yangzhou Chenhua New Materials (China)
• Zhejiang Honghao Technology (China)
• Xinhang Chemical (China)
• Zhejiang Chunan Auxiliary (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.