Global Flame-Retardant Masterbatch Trends: Demand, Growth & Future Outlook

Flame-retardant Masterbatch Market Drivers Rising Demand for Flame-retardant Materials in Electronics The electronics industry is one of the primary consumers of flame-retardant masterbatches, as these materials are necessary for ensuring the safety of electronic devices. The growth of the flame-retardant masterbatch market is supported by the growing popularity of electronic devices, including smartphones, laptops, and tablets. Flame-retardant masterbatches are used in electronic equipment and its components to prevent the spread of fire in the case of an electrical mishap. The overwhelming growth rate of flame-retardant masterbatch diffusion in the electronics industry has been and is expected to remain one of the key drivers of market growth in the following years. Firms that manufacture vehicles are equally notable consumers of the materials in question, as passenger cars and buses, as well as other kinds of vehicles, require these advanced materials to ensure safety from fire and other kinds of accidents.