With the development of modern technology, plastic, synthetic rubber, and synthetic fiber, the three major categories of artificial synthetic materials, have been widely used. However, their flammability as organic polymer materials also brings a lot of fire hazards to humans. In this context, flame retardant materials have become a widely used key foundational material in today's production and daily life.

There are many types of flame retardant products, mainly including halogenated flame retardants, phosphorus nitrogen flame retardants, metal compound flame retardants, carbon silicon flame retardants, and so on. Among them, brominated flame retardants in halogenated systems have always been the most important flame retardant products in the field of flame retardancy due to their high flame retardant efficiency, stable long-term application performance, and good electrical performance. However, in recent years, the development of brominated flame retardants has been affected to some extent due to the environmental safety risks associated with the use of decabromodiphenyl ether, hexabromocyclododecane, and chlorinated flame retardant "Declone" in halogenated flame retardants.

However, blindly promoting halogen-free flame retardant materials can also bring considerable risks. In 2010, a well-known foreign electrical appliance manufacturer used red phosphorus instead of brominated flame retardants in their refrigerator products, which actually increased the fire hazard of the products. They had to recall 360000 refrigerators that year.

Therefore, brominated flame retardants are still the most important type of flame retardant in the field of flame retardancy, especially in the field of electronic and electrical appliances. A large number of environmentally friendly bromine flame retardants will experience rapid and stable development in the future.

Since the reform and opening up, the Chinese economy has flourished, especially the industrial economy based on manufacturing has entered a stage of rapid development. One important sign is the rapid expansion of plastic product production, sales volume, import and export volume. There are many application fields for plastic products, including electronic appliances, building materials, automotive, high-speed rail, and aircraft interior materials. However, the flammability of plastic materials determines that flame retardant treatment is required for their application in these fields. Therefore, the flame retardant material industry has become an important foundational material supporting China's modern manufacturing industry.

In recent years, with the continuous improvement of national fire safety standards and the continuous development of the flame retardant industry, market demand has gradually increased. In the past five years, the overall domestic and international sales of major flame retardants in China have shown an upward trend, from 770000 tons in 2017 to 1.17 million tons in 2021, with a growth rate of 52% and a compound growth rate of 8.75% over the past five years. The market size has been increasing year by year, reaching approximately RMB 19.05 billion in 2021.

Bromine based flame retardants and phosphorus nitrogen based flame retardants, as the two largest categories of flame retardants, have emerged as a group of enterprises with larger production scales in related fields.

The main production enterprises of bromine flame retardants include Shandong Haiwang Chemical Co., Ltd., Shandong Weidong Chemical Co., Ltd., Shandong Brother Technology Co., Ltd., Shandong Tianyi Chemical Co., Ltd., Jiangsu Suli Fine Chemical Co., Ltd., Shandong Runke Chemical Co., Ltd., Shandong Xurui New Materials Co., Ltd., etc.

The main production enterprises of phosphorus nitrogen flame retardants include Zhejiang Wansheng Co., Ltd., Hangzhou Jieersi Flame retardant Chemical Co., Ltd., Zhejiang Xusen halogen-free smoke extinguishing flame retardant Co., Ltd., Pusefu (Qingyuan) Phosphorus Chemical Co., Ltd., Shandong Taixing New Materials Co., Ltd., etc.

The bromine and phosphorus nitrogen flame retardant products produced by the above-mentioned enterprises have formed strong market competitiveness in both domestic and international markets, and their profitability and prospects continue to improve. In recent years, some enterprises have continuously grown in scale, especially those with upstream bromine and phosphorus resources that have developed rapidly.