Middle East and Africa Flame Retardant Thermoplastics Market – Industry Trends and Forecast to 2028

Market Analysis and Insights of Flame Retardant Thermoplastics Market

Growth in the application of flame retardant thermoplastics especially in the emerging economies, growth and expansion of various end user verticals and surge in industrialization are the major factors attributable to the growth of flame retardant thermoplastics market. With the growth and expansion in the market size and value, the flame retardant thermoplastics market will witness a CAGR of 5.00% for the forecast period. Therefore, the market value, which was USD 900 million in 2020, would rocket up to USD 1,329.70 million by 2028.

From the name itself, it is clear that flame retardants are the substances that prevent or inhibit the outbreak of fire. Flame retardants are added to polymers, polyesters, polyamides and others to improve the heat resistance properties of such products. The flame retardant thermoplastics are the specially developed plastics that prevent damage that arises out of fault or failure in electric wiring. These subsume a diverse group of chemicals which are added to manufactured materials, such as plastics and textiles, and surface finishes and coatings.

Rising research and development proficiencies for the innovation of new products that are less harmful to the health and environment will boost up the demand for the same across the globe. Stringent regulations imposed by the government pertaining to the fire safety are also bolstering the market growth rate. Increasing awareness regarding the importance of flame retardant thermoplastics and growing demand for engineering plastics in various industries is also responsible for the growth of the market.

However, high cost involved in the production and high loading levels of mineral-based flame retardants will act as market growth restraints. Also, fluctuations in the prices of raw materials will slow down the growth rate of the market. The combustion of fire retardant thermoplastics leads to grievous problems like cancer, neurological dysfunction and so on and this will become the biggest hurdle in the growth of the market.

This flame retardant thermoplastics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on flame retardant thermoplastics market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Flame Retardant Thermoplastics Market Scope and Market Size

The flame retardant thermoplastics market is segmented on the basis of type, product, form, coating and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• The flame retardant thermoplastics market is segmented into polyamide, acrylonitrile butadiene styrene, polycarbonate, polycarbonate/acrylonitrile butadiene styrene blends, polypropylene, polyphenylenoxide, PBT/PET - thermoplastic polyesters on the basis of type.
• On the basis of product, the flame retardant thermoplastics market is segmented into halogenated products and non-halogenated products.
• On the basis of form, the flame retardant thermoplastics market is segmented into amorphous polymers and crystalline polymers.
• The flame retardant thermoplastics market is segmented into brominated flame retardants, phosphorus flame retardants, antimony trioxide, and alumina trihydrate on the basis of coating.
• The flame retardant thermoplastics market can also be segmented on the basis of application into construction, electrical and electronics, industrial, oil and gas, pharmaceutical, agriculture and transportation.

Flame Retardant Thermoplastics Market Country Level Analysis

The flame retardant thermoplastics market is segmented on the basis of type, product, form, coating and application.

The countries covered in the flame retardant thermoplastics market report are South Africa, Saudi Arabia, U.A.E, Egypt, Israel and Rest of Middle East and Africa.

South Africa in Middle East and Africa is dominating the flame retardant thermoplastics market. This is because of the growing demand for eco-friendly retardants to meet the safety standards. Increased constructional activities, availability of cheap labour and low cost raw material will further pace up the growth of the market.

The country section of the flame retardant thermoplastics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Flame Retardant Thermoplastics Market Share Analysis

The flame retardant thermoplastics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flame retardant market.

The major players covered in the flame retardant thermoplastics market report are SABIC, Covestro AG, LyondellBasell Industries Holdings B.V., Solvay, EMS-CHEMIE HOLDING AG, Mitsubishi Engineering-Plastics Corporation LOTTE Chemical CORPORATION., LATI Industria Termoplastici S.p.A., Idemitsu Kosan Co.,Ltd., Radici Partecipazioni SpA, Trinseo., LG Chem., TORAY INDUSTRIES, INC., LANXESS, RTP Company,, Dow, BASF SE, PMC Group, Inc., DSM, DuPont and Asahi Kasei Corporation among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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