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Freedonia also pointed out that increasingly stringent environmental regulations have had a significant negative impact on the chlorine, fluorine, and bromine-containing flame retardants in Europe and the United States. In the next few years, the average annual growth rate of flame retardant demand in Western Europe is expected to be 3%, and the demand will reach 505,000 tons by 2009; the average annual growth rate of flame retardant demand in the North American market is expected to be 3.4%, and the demand will be in 2009. Will reach 715,000 tons. For developing countries, their domestic markets are less restricted by environmental regulations and have little impact. The export market is the most important one.
The Freedonia report predicts that demand for flame retardants in the Asia-Pacific market will increase at an average annual rate of 7% over the next five years. The demand will reach 810,000 tons by 2009, surpassing North America as the world's largest flame retardant consumer market.
Albemarle, Chemtura and ICL, the world's leading manufacturers of flame retardant market, have also raised their prices in recent weeks to ease the contradiction of rising costs. ICL announced a price increase of 15%-30% from October 15, including tetrabromobisphenol A, decabromodiphenyl oxide. Albemarle and Chemtura increased their bromine production by 40% from October 1st.
Future global flame retardant market demand will maintain growth and development prospects
According to the latest research report from Freedonia Consulting, the demand for flame retardant in the global market will increase at an average annual rate of 4.8% over the next five years, and the demand will reach 2.2 million tons by 2009; the market value will be at an average annual rate of 8.5%. increase. High-value special flame retardants such as bromine compounds, phosphorus compounds, tellurides and manganese compounds will continue to occupy a larger market share, and the demand for aluminum compounds will increase slowly. The chlorinated flame retardant has the lowest growth rate.