Global Flame Retardant Thermoplastics Market – Industry Trends and Forecast to 2030

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Flame Retardant Thermoplastics Market Analysis and Size

The essential factors contributing to the growth of the flame retardant thermoplastics market in the forecast period from 2023 to 2020 include the rise awareness regarding fire safety. Moreover, fast growing construction and infrastructure industry will accelerate the flame retardant thermoplastics market growth.

Data Bridge Market Research analyses that the flame retardant thermoplastics market which was USD 7.92 billion in 2022, is expected to reach USD 12.28 billion by 2030, growing at a CAGR of 5.4% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Flame Retardant Thermoplastics Market Scope and Segmentation

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Market Definition

Flame retardants are added to polymers, polyesters, polyamides among others to increase the ignition and heat resistance of the product. These also help in suppressing the smoke and get in control of the speed of the flame. The flame retardant thermoplastics are specially developed plastics that are used to avoid any risks that may occur due to damage to the electric wiring. Continuous research and development are undertaken to upgrade the quality and standards of the flame retardant thermoplastics. These are highly demanded in the transportation industry as well where the use of the same helps in controlling the fire caused due to an accident or any other reason and further also avoid the fire to propel to the surrounding areas.

Global Flame Retardant Thermoplastics Market Dynamics

Drivers

• Increasing Awareness of Fire Safety

Increasing awareness of fire safety among consumers, and businesses, has fueled the demand for flame retardant products. The desire for enhanced safety in residential, commercial, and public spaces has led to the use of flame retardant thermoplastics in applications such as electrical enclosures, cables, building materials, and consumer goods.

• Growing Construction and Infrastructure Sector

The booming construction and infrastructure sector, particularly in emerging economies, is a significant driver for flame retardant thermoplastics. These materials find applications in various construction elements, such as wiring systems, insulation, wall coverings, and pipes, to ensure fire safety and compliance with building codes.

Opportunity

• Advancements in Material Technology

Ongoing advancements in material science and technology have resulted in the development of more efficient and high-performance flame retardant thermoplastics. These materials offer improved fire resistance, mechanical properties, processability, and environmental sustainability. The continuous innovation and development of new flame retardant additives and formulations contribute to market growth.

Restraints/Challenges

• Complexity of Fire Testing and Certification

The fire performance of flame retardant thermoplastics needs to be validated through rigorous testing and certification processes. These processes can be time-consuming and costly, requiring compliance with specific fire safety standards. The complexity and variability of fire testing procedures can create challenges for manufacturers in terms of meeting regulatory requirements and obtaining necessary certifications.

• Performance Requirements in Specific Applications

Certain high-performance applications may have stringent fire safety requirements that surpass the capabilities of currently available flame retardant thermoplastics. In such cases, alternative fire-resistant materials, such as ceramics or composites, may be preferred over thermoplastics.

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 localized 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 the 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In July 2022, BASF SE and THOR GmbH are combining their expertise in non-halogenated flame retardant additives to provide customers with a comprehensive solution that will enhance the sustainability and performance for specific plastic compounds, and meet stringent fire safety requirements

Global Flame Retardant Thermoplastics Market Scope

The flame retardant thermoplastics market is segmented on the basis of type, product, coating, form, coating and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Polyamide
• Acrylonitrile Butadiene Styrene
• Polycarbonate
• Polycarbonate/Acrylonitrile Butadiene Styrene Blends
• Polypropylene
• Polyphenylenoxide
• PBT/PET - Thermoplastic Polyesters

Product

• Halogenated
• Non-Halogenated

Form

• Amorphous Polymers
• Crystalline Polymers

Coating

• Brominated Flame Retardants
• Phosphorus Flame Retardants
• Antimony Trioxide
• Alumina Trihydrate

Application

• Construction
• Electrical & Electronics
• Industrial
• Oil and Gas
• Pharmaceutical
• Agriculture
• Transportation

Global Flame Retardant Thermoplastics Market Regional Analysis/Insights

The flame retardant thermoplastics market is analyzed and market size insights and trends are provided by country, type, product, form, coating and application as referenced above.

The countries covered in the flame retardant thermoplastics  market report are .S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa.

Asia-Pacific dominates the flame retardant thermoplastics market and is expected to be the fastest growing market during the forecast period from 2021 to 2028 because  fire retardant thermoplastics are highly used and demanded in the electrical industry and this region is the hub of electronics. Further, the emergence of more and more electronic companies will drive the growth of the market in this region.

The country section of the 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 such as down-stream and up-stream 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 Global 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, global presence, production sites and facilities, production capacities, 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 thermoplastics market.

Some of the major players operating in the flame retardant thermoplastics market are

• SABIC (Saudi Arabia)
• BASF SE (Germany)
• Covestro AG (Germany)
• DuPont de Nemours, Inc. (U.S.)
• LANXESS AG (Germany)
• Solvay S.A. (Belgium)
• Mitsubishi Engineering-Plastics Corporation (Japan)
• RTP Company (United States)
• Clariant International Ltd (Switzerland)
• Sumitomo Chemical Co., Ltd. (Japan)
• Evonik Industries AG (Germany)
• Celanese Corporation (U.S.)
• Kaneka Corporation (Japan)
• RadiciGroup (Italy)
• Ensinger GmbH (Germany)
• LG Chem (South Korea)
• PolyOne Corporation (U.S.)

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