Flame Retardants Market to Reach USD 11.12 Billion by 2031 Driven by Stringent Fire Safety Laws…

The SNS Insider report estimates the Flame Retardants Market size at USD 7.35 billion in 2023, with a projected CAGR of 5.3% to reach USD 11.12 billion by 2031.
The Flame Retardants Market is growing due to new guidelines, increasing fire safety regulations, and developing advanced technology. These materials play a crucial part in different industries like electronics, building and construction, and automotive industry. Worldwide market patterns are affected by the Restriction of Hazardous Substances (RoHS) Order, which was presented by the European Association in 2023 and requires the utilization of eco-accommodating and successful fire retardants.