The flame retardant plastics market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research. The assessment of the wining strategies followed by these companies can help business owners not only strategize but also execute business operations by referring the statistics about competitor analysis. Careful assessment of the industry analysis across different regions along with vital information on the market size, share and growth rate makes this report a wonderful resource for business evangelists.
The global flame retardant plastics market is projected to be worth USD 61.87 Billion by 2027, according to a current analysis by Emergen Research. The flame retardant plastics market is observing high demand attributed to the growing demand from the aerospace and defense sector. A rise in the number of flying hours necessitates the implementation of enhanced safety measurements for on-flight passengers, crew, and valuables. Fire hazards in an aircraft are a leading cause of aircraft accidents and maybe averted by deploying an appropriate flame retardant plastic in the design and manufacturing of an aircraft and interior furnishing. Besides, the use of flame retardant plastic makes the aircraft lightweight and decreases fuel consumption, thereby improving the mileage.
Key Highlights From The Report
In October 2019, Polymaker, a firm engaged in advanced additive manufacturing materials, entered into a partnership with Covestro AG for the introduction of three innovative multipurpose polycarbonate-based additive manufacturing materials for several industrial applications.
Brominated flame retardant plastics find usage in electrical & electronic equipment, including computers, televisions, radios, washing machines, and refrigerators. Also, these are used in also used in automotive and building & construction applications.
The carbon fiber reinforced polymers find substantial consumption of flame retardants due to its extensive usage in the production of aircraft components such as the cockpit, tanks, bulkheads, payload fairing, wing-body fairing, seat components, and doors.
Europe contributed to the second-largest market share in 2019 due to the increasing application of flame retardant plastics in the aerospace and automotive sector, along with a rise in the number of construction projects in Eastern Europe. Besides, stringent legislative regulation for the use of environmental-friendly flame retardant materials is causative of the market growth in the region.
Key participants include Covestro AG, DuPont, SABIC, Borealis AG, Huntsman Corporation, Olin Corporation, BASF SE, LyondellBasell, Showa Denko AA, and HEXION Inc., among others.
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Polymer Type Outlook (Revenue, USD Billion; 2017-2027)
Acrylonitrile Butadiene Styrene
Polymer Group Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Aerospace & Defense
Electrical & Electronics
Wire & Cable
Pipe & Tank
Building & Construction
Regional Outlook (Revenue, USD Billion; 2017-2027)
Table of Content
Chapter 1. Methodology & Sources
1.1. Flame Retardant Plastics Market Definition
1.2. Flame Retardant Plastics Market Research Scope
1.3. Flame Retardant Plastics Market Methodology
1.4. Flame Retardant Plastics Market Research Sources
1.4.3. Paid Sources
1.5. Flame Retardant Plastics Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Flame Retardant Plastics Market Segmentation & Impact Analysis
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