Freedonia In The News
Article Title: Plastic additives: Flame retardant demand is—you guessed it—on fire
By: Matt Defosse
Publication: PlasticsToday, 12/30/2010
Freedonia Study: World Flame Retardants (2709)
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Consumer product safety remains a high profile subject at manufacturers of electrical goods and other products, with the result a spotlight shining on the flame retardants in the plastics used in these products. As more of the world's population climbs into the middle class, with extra cash for consumption, demand around the world for E/E items will climb—and with it the demand for flame retardant plastics.
According to The Freedonia Group, Inc., a Cleveland-based industry market research firm, these trends will coalesce to push global demand for flame retardant additives to 2.2 million metric tons in 2014, a jump of greater than 6%/yr. This is a substantial acceleration from the pace of the 2004-2009 period, during which demand was severely impacted by the effects of the global economic slowdown, especially in the mature markets of the U.S., Western Europe and Japan, notes Freedonia.
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