Saturday, July 15, 2006

Halogen-free flame retardants market to increase

The halogen-free flame retardants market will increase from USD1.62 Bn in 2005 to USD 2.72 bn in 2010 worldwide
The halogen-free flame retardants market will increase from USD1.62 Bn in 2005 and to USD 2.72 bn in 2010 worldwide. Halogen-free flame retardants will show this strong increase worldwide. In Western Europe, USA and Japan, the public consciousness of the hazardous halgonenated products, the industrial end-user initiatives and the environmental legislation push together the market trend to halogen-free products.

In China, Eastern Europe and other parts of Asia, the booming economy and the strengthened fire protection standards stimulate the market of fire retardants overall, from which the halogenated and non-halogenated products both benefit.

The highest increase is to be seen in China with more than 13 percent.

Slightly slower growth in Western Europe and USA, ranging from 9%-11%, The world market in total will grow from USD 1.62 Bn in 2005 and to USD 2.72 Bn in 2010.

The average global annual growth rate is more than 10%, in comparison with 5% of the general flame retardants market.