What is the market size of the Bio-based Flame Retardants Market?

The Bio-based Flame Retardants Market was estimated to be worth $4.8 billion in 2022, and it is projected to reach $ 7.94 billion by the end of 2030, with a CAGR of 6.5% during the forecast period (2023 - 2030).

What is a market driver for the Bio-based Flame Retardants Market?

Their environment friendly properties over traditional flame retardants are poised to drive market growth for Bio-based Flame Retardants.

What are the main challenges facing the market for Bio-based Flame Retardants?

The Bio-based Flame Retardants Market's growth is being challenged by the recent developments implying that constant exposure to flame retardants in homes in form of furniture or textiles can penetrate the human body and affect it adversely.