India Flame Retardants Market to Grow with a CAGR of 4.25% through 2030
Increasing Awareness of Fire Safety is expected to drive the
India Flame Retardants Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India Flame
Retardants Market- By Region, Competition, Forecast and Opportunities,
2020-2030”, the India Flame Retardants Market was valued at USD 613.25 Million in 2024
and is anticipated to grow with a CAGR of 4.25% through 2030. Public awareness of fire hazards and fire safety has significantly
increased. As consumers become more aware of the risks associated with fires,
there is a growing demand for products that offer enhanced safety features.
This shift is particularly evident in the increasing preference for
flame-retardant-treated textiles, such as upholstery and curtains, as well as
in electronics and appliances. Manufacturers are responding to this demand by
incorporating flame retardants into their products to meet consumer
expectations and ensure safety. According to the National Crime Records Bureau,
over 60 people die every day in India due to fires, with approximately 25,000
fire-related deaths annually. Women account for about 66% of these fatalities,
and fires represent around 6% of all deaths from natural and unnatural causes.
These alarming statistics underscore the critical need for improved fire safety
measures.
In response, stricter fire safety regulations and
building codes are being enforced. The National Building Code of India (NBC)
2016 includes comprehensive guidelines for fire safety, focusing on
fire-resistant construction materials and practices. This includes requirements
for fire resistance ratings of structural elements, fire doors, fire-resistant
glazing, and fire dampers. The insurance industry also drives the adoption of
flame retardants, as insurers increasingly require these materials to qualify
for coverage. This creates an additional incentive for property owners and
businesses to use flame retardants to mitigate risk and comply with insurance
criteria. These
factors collectively contribute to the increasing demand for flame retardants
in India, as they play a crucial role in enhancing safety and preventing fire
hazards in a rapidly developing and safety-conscious market.
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The India Flame Retardants Market is segmented into type,
application, end user, regional distribution, and company.
Based on the Application, the Polyolefins
emerged
as the dominating segment in the Indian market for Flame Retardants in 2024.
Polyolefins,
including polyethylene (PE) and polypropylene (PP), are extensively used across
various sectors such as automotive, construction, packaging, and consumer
goods. This wide applicability generates significant demand for flame
retardants to meet fire safety and compliance requirements. In industries like
construction and automotive, polyolefins are required to adhere to strict fire
safety standards, prompting the need for flame retardants to improve fire
resistance and ensure safety. Polyolefins are prized for their versatility and
performance, offering properties like flexibility, durability, and chemical
resistance. Incorporating flame retardants helps these materials comply with
safety regulations while preserving their essential qualities. Additionally,
flame retardants for polyolefins are often cost-effective, making them a
preferred choice for various applications. The growing use of polyolefins in
advanced insulation, automotive parts, and high-performance packaging further fuels
the demand for flame retardants.
Based on the region, the West India emerged as the
fastest growing region in the Indian Flame Retardants market during the
forecast period. The West region of India, encompassing states like Maharashtra and
Gujarat, is a key industrial hub with robust manufacturing operations. Major
cities such as Mumbai and Pune serve as central hubs for industries like
automotive, construction, and electronics, which drive significant demand for
flame retardants. The region is undergoing substantial infrastructure
development, including extensive construction projects, commercial buildings,
and urban expansion. This surge in infrastructure activities has increased the
need for flame retardants in building materials to ensure compliance with fire
safety standards. Government initiatives and policies have further bolstered
the flame retardants market in the West. Industrial development schemes and
infrastructure projects are creating a supportive environment for market
growth. Additionally, major ports such as Mumbai and Kandla facilitate the
import and export of flame-retardant materials, enhancing their availability
and distribution. Technological advancements in the region also contribute to
its market leadership. The West is recognized for innovations in flame
retardant technologies, which improve performance and application. Overall, the
combination of industrial concentration, infrastructure development, supportive
government policies, and technological progress makes the West region the
fastest-growing segment in India’s flame retardants market.
Major companies operating in India Flame Retardants
Market are:
- Clariant
Chemicals India Ltd
- LANXESS
India
- Hindalco
Industries Limited
- KPL
International Limited
- Acuro
Organics Limited
- Nano
Tech Chemical Brothers Pvt. Ltd.
- Niknam
Chemicals Private Limited
- Tashi
Organics LLP
- Shakun
Polymers Private Limited
- Albemarle
Corporation
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“As urban living spaces evolve, the incorporation of
flame retardants in furniture is becoming increasingly crucial for ensuring
fire safety in residential and commercial environments. This trend reflects a
broader market shift toward sustainable and effective fire protection
solutions. The demand for flame retardants is driven by innovations that
combine superior safety with performance and environmental responsibility. As
regulations tighten and consumer awareness grows, the market for flame
retardants in furniture is expanding, emphasizing the importance of advanced
materials that meet stringent safety standards while supporting green building
practices,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“India Flame Retardants Market By Type
(Halogenated based, Non-halogenated based, Nitrogen-based, Phosphorous-based), By
Application (Polyolefins, Epoxy Resins, PVC, Rubber, Others), By End User
(Building & Construction, Electronic & Appliances, Automotive,
Electrical & Electronics, Adhesives & Sealants, Others), By Region,
Competition, Forecast and Opportunities, 2020-2030”, has evaluated
the future growth potential of India Flame Retardants Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Flame Retardants Market.
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