According to new research, the market size of halogen-free flame retardants, which was $3.36 billion in 2015, is projected to reach $5.38 billion by 2021, registering a CAGR of 8.4% between 2016 and 2021. The new report from MarketsandMarkets, a global market research firm, Halogen-Free Flame Retardants Market , looks at the market by type (aluminum hydroxide, organ-phosphorus and so forth), application (polyolefins, UPE, ETP and others), end-use industry and region.
Making flame retardants safer by eliminating toxic chemicals has been an ongoing goal for a number of years. Flame retardants have been used primarily in mattresses, children’s clothing (particularly sleepwear), upholstered furniture and casings around electronics. Many of these flame retardants contained brominated chemicals (polychlorinated biphenyls or PCBs), a class of organohalogens that were found to be toxic to humans.
Release Date: 06/06/2016
About CAGR:
Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period. CAGR is not an accounting term, but it is often used to describe some element of the business, for example revenue, units delivered, registered users, etc. CAGR dampens the effect of volatility of periodic returns that can render arithmetic means irrelevant. It is particularly useful to compare growth rates from different data sets such as revenue growth of companies in the same industry.
