Flame retardant market outlook
Published Time:
2024-11-26 10:26
Source:
The global flame retardant masterbatch market reached 22.256 billion RMB (Chinese Yuan) in 2023, with the Chinese market reaching 9.129 billion RMB. BeZheSi Consulting predicts that the global market will grow to 38.849 billion RMB by 2029, with a compound annual growth rate of 9.5% during the forecast period. The growth of the flame retardant masterbatch market is mainly driven by the increasing demand for flame retardant materials in the plastics, rubber, chemical fiber, building materials, electronics, electrical appliances, and automotive industries, as well as increased emphasis on fire safety and related regulations and policies. In addition, with continuous technological advancements, the market share of environmentally friendly flame retardant masterbatches is gradually expanding, further promoting market growth. As a professional manufacturer of flame retardant masterbatches, Zhongjin Huatai has always focused on industry development, adhering to a quality-first approach, and striving to provide customers with high-quality products at competitive prices. We aim to build a strong reputation for Zhongjin Huatai and become a key player in the flame retardant industry.
HUNAN SPLENDOR-INTL TECHNOLOGY CO.,LTD.
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