Non-Halogenated Flame Retardants Market Trends Signal Expansion, Envisioned US$ 6,911.1 Million Industry by 2032
The global non-halogenated flame retardants market size is anticipated to create lucrative growth opportunities by exhibiting a robust CAGR of 6.2% over the projection period from 2022 to 2032. The market size is expected to be valued at around US$ 3,787.1 Million in 2022 and is projected at around US$ 6,911.1 Million by the end of 2032.
According to the historic period, the global demand for the non-halogenated flame retardants market grew at a phenomenal CAGR of 6.5% CAGR between 2015 and 2021. Consumption is predicted to surge at a total market value of US$ 6,911.1 Million in 2032. Non-halogenated flame retardants are compounds mixed with manufacturing materials to suppress flames. In addition to that, plastic components of vehicles ought to have strong frame retardant characteristics in order to lessen fire hazards that are majorly created by vehicle heat generation.
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