Market Size of Europe Flame Retardant Chemicals Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2022 |
| Market Size (2023) | USD 1.98 Billion |
| Market Size (2028) | USD 2.47 Billion |
| CAGR (2023 - 2028) | 4.53 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Flame Retardant Chemicals Market Analysis
The Europe Flame Retardant Chemicals Market size is expected to grow from USD 1.98 billion in 2023 to USD 2.47 billion by 2028, at a CAGR of 4.53% during the forecast period (2023-2028).
The European flame retardant chemical market was negatively impacted by COVID-19 in 2020. However, post-COVID-19 pandemic, the construction industry is recovering fast and is estimated to rise in the coming years, stimulating the demand for the flame retardant chemical market.
- Rising consumer electrical and electronic goods manufacturing, rising safety standards in building construction, and rising living standards in Eastern European countries will likely drive the demand for flame-retardant chemicals.
- Conversely, environmental and health concerns regarding brominated flame retardants are expected to hinder the market's growth.
- Nevertheless, the rising awareness of environment-friendly flame retardants and active R&D of non-halogenated flame retardants are projected to create lucrative growth opportunities for the studied market.
- Germany dominates the flame retardant chemicals market and will also witness the highest CAGR during the forecast period.
