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.
The latest market intelligence study on the flame retardant plastics market applies the best of both primary and secondary research techniques to bring to light the growth rate of the flame retardant plastics market for the forecast period, 2020 – 2027. The comprehensive study covers hard to find facts about the market landscape as well as its growth prospects in the years to come. Most importantly, the research report includes vital statistics about the major vendors occupying a strong foothold in this industry. Besides this, in order to calculate the market share, the study takes a closer look at the selling price of the product across different regions.
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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)
Polyvinyl Chloride
Polyolefin
Polyurethane
Acrylonitrile Butadiene Styrene
Polycarbonate
Epoxy
Polyester
Others
Polymer Group Outlook (Revenue, USD Billion; 2017-2027)
Thermoset
Thermoplastic
Application Outlook (Revenue, USD Billion; 2017-2027)
Aerospace & Defense
Electrical & Electronics
Wire & Cable
Pipe & Tank
Transportation
Building & Construction
Marine
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
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
1.4.1. Primary
1.4.2. Secondary
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
Continued…
