The global TCPP flame retardant market was 206.7 thousand tons in 2019, which rose to nearly 210 thousand tons in 2021. The market is further estimated to witness a substantial growth rate of more than 4.5% during the forecast period 2022-2028. TCPP (tris (1-chloro-2-propyl) phosphate) is a flame retardant commonly used in the production of polyurethane foams, thermoplastics, coatings, and textiles.
Market Drivers and Challenges
The growth of the TCPP flame retardant market is driven by several factors, including the increasing demand for flame retardant materials in various industries, such as construction, automotive, and electronics. Stringent government regulations regarding fire safety standards are also contributing to the growth of the market, particularly in developing countries.
The construction industry is expected to be the largest end-use industry for TCPP flame retardants due to the increasing demand for flame-retardant materials for building and construction applications. Additionally, the growth of the electronics industry, coupled with the increasing demand for consumer electronics, is also expected to drive the demand for TCPP flame retardants. Furthermore, the stringent regulations regarding fire safety in various countries are also driving the demand for TCPP flame retardants.
The report also highlights some challenges facing the TCPP flame retardant market, including the growing popularity of alternative flame retardants, such as phosphorus-based and nitrogen-based compounds, which are considered to be less toxic and more environmentally friendly. In addition, the increasing cost of raw materials used in the production of TCPP flame retardants may pose a challenge for manufacturers.
Key Segmental and Regional Analysis
Based on application, RationalStat expects polyurethane foam as the largest segment of the TCPP flame retardant market, accounting for the majority of the market share. This is due to the high demand for polyurethane foam in the construction and automotive industries, where fire safety standards are particularly important.
Regionally, the Asia-Pacific region is expected to be the largest market for TCPP flame retardants during the forecast period, driven by the growing construction and automotive industries in countries such as China and India. Nearly 45% of the market is concentrated in Asia Pacific in 2021. North America and Europe are also expected to contribute significantly to the growth of the market, driven by strict government regulations regarding fire safety. Additionally, the increasing demand for electronics in countries such as China, Japan, and South Korea is also expected to drive the demand for TCPP flame retardants.
Market Structure and Competitive Landscape
Some of the prominent players that contribute significantly to the global TCPP flame retardant market growth include, Isreal Chemical Ltd. (ICL), Lanxess AG, Albemarle Corp., DAIHACHI, Jiangsu Yoke Technology Co., Ltd., Zhejiang Honghao Technology Co., Ltd., Zhejiang Chunan Auxiliary, Xinhang Chemical, Yangzhou Chenhua New Materials, Futong Chemical, Jiangsu Fire Chemical, etc.
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Partnerships and collaborations, and product launches are some of the strategies followed by industry players.
Key Market Segmentation
RationalStat has segmented the global TCPP flame retardant market on the basis of grade, form, application, end user, sales channel and region.
- By Grade
- Technical Grade
- Industrial Grade
- High-Purity Grade
- By Form
- By Application
- Rigid Polyurethane
- Endothermic Degradation
- Dilution of Gas Phase
- Gas Phase Radical Quenching
- Thermal Shielding
- Children’s Products
- By End User
- Plastics Industry
- Automotive Industry
- Aerospace Industry
- Textiles Industry
- Coating Industry
- Adhesives Industry
- Electronics and Semiconductors Industry
- Others (Construction Industry, etc.)
- By Sales Channel
- By Region
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- South Korea
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
- North America
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecast, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
- Annual reports, company filings, investor presentations, product catalogs and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for TCPP flame retardant manufacturers and suppliers, plastic industry, chemical manufacturing companies, construction companies, government organizations, the healthcare industry, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption pattern, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.