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 Flame Retardant Plastics Market study, blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2021 – 2032 .The report is furnished with the latest updates about the current market scenario with regards to the COVID-19 pandemic. The report considers COVID-19 as a key contributor to the dynamically altered market scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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The report further divides the Flame Retardant Plastics Market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Flame Retardant Plastics Market
Overview of the Flame Retardant Plastics Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis\
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
Market Overview
The global Flame Retardant Plastics Market size was USD 2,136.23 Billion in 2022 and is expected to register a revenue CAGR of 9.6% during the forecast period. Factors such as shifting palate inclinations toward mixed cocktails, distilled beverages, and innovative flavors, growing utilization of home delivery applications to deliver alcoholic beverages at doorstep, along with increasing demand for botanicals and extracts to innovate with new flavors to suit various taste preferences of customers especially millennials, and generation Z are boosting revenue growth of Flame Retardant Plastics Market.
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Emergen Research has segmented the global flame retardant plastic market on the basis of material type, polymer group, application, and region:
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
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Competitive Landscape
Covestro AG, DuPont, SABIC, Borealis AG, Huntsman Corporation, Olin Corporation, BASF SE, LyondellBasell, Showa Denko AA, and HEXION Inc., among others.
Future Outlook
The demand for acrylic polymers is expected to continue growing over the coming years, driven by increasing demand from end-use industries and the rising need for high-performance materials. The market is also expected to witness significant growth in emerging economies, such as China and India, due to their growing construction and automotive industries.
Table of Contents
- Introduction
- Market Overview
- Market Segmentation
- Drivers and Restraints
- Regional Analysis
- Competitive Landscape
- Future Outlook
- Conclusion
- FAQs
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and Analyze consumer behaviour shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.