According
to a new market report published by Lucintel, the future of the global flame
retardant plastics market looks promising with opportunities in the electrical
& electronics, building & construction, transportation, wire &
cable, pipe & tank, aerospace & defense, and marine industries. The global
flame retardant plastics market is expected to reach an estimated $55 billion by
2024 with a CAGR of 4% from 2019 to 2024. The major drivers for this market are
stringent government regulation towards fire safety, growing consumption of
flame retardant plastics in electrical and electronics market, and increasing
demand for halogen free wire and cable market.
In
this market, various polymers, such as polyurethane, polyolefin, PVC, ABS,
Epoxy, polycarbonate, polyamide, PBT, phenolic, UPR, and vinyl ester and flame
retardants additives are used for manufacturing of flame retardant plastics. Lucintel
forecasts that polyurethane will remain the largest polymer for flame retardant
plastics over the forecast period due to the increasing demand for PU foam in building
& construction and transportation industries. The polyolefin is expected to
witness the highest growth during the forecast period due to increasing demand halogen
free and low smoke wire and cables.
Within this market, flame retardant plastics for
wire and cable is expected witness the highest growth during the forecast
period due to increasing demand for flame retardant plastic insulation for underground cables and power
cables.
APAC will remain the largest region and it is also
expected to witness the highest growth over the over the forecast period due to
growth in building and construction activities and increasing vehicle
production.
An emerging
trend, which has a direct impact on the dynamics of the industry, includes increasing
demand for non halogenated polymers. BASF, DowDupont, Sabic, LyondellBasell,
Mitsui Chemicals, Sumitomo Chemical, Huntsman, Hexion, and Momentive are among
the major flame retardant plastics manufacturers.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities in the global flame retardant plastics market by end use
industries, plastics type, plastic group, and region. Lucintel has prepared a
comprehensive research report entitled
“Growth Opportunities in the Global Flame
Retardant Plastics Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. This
Lucintel report serves as a catalyst for growth strategy as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a trend and forecast for the global flame retardant plastics market
by end use industry, plastics type, plastic group, and region as follows:
By Polymer [$M and Kilotons shipment analysis for 2013 – 2024]:
- PVC
- Polyolefin
- Polyurethane
- ABS/PC
- ETPs
- Epoxy
- UPR
- Others(PEEK+PEI+PEKK)
By End Use Industry [$M and kilotons shipment analysis for 2013 –
2024]:
- Aerospace
& Defense
- Electrical
& Electronics
- Wire
& Cable
- Pipe
& Tank
- Building
& Construction
- Transportation
- Marine
- Others
By Plastics Group [$M and kilotons shipment analysis for 2013 – 2024]:
- Thermoset
- Thermoplastic
By Region
[$M and kilotons shipment analysis for 2013 – 2024]:
·
North
America
–
United
States
–
Canada
–
Mexico
·
Europe
–
Germany
–
France
–
UK
–
Spain
–
Italy
–
Other
European countries
·
Asia
Pacific
–
China
–
India
–
Japan
–
Korea
–
Other
APAC countiries
·
Rest
of the World
–
Latin
America
–
Middle
East & Others
This 251 page research report will
enable you to make confident business decisions in this globally competitive
marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or visit us at helpdesk@lucintel.com. Lucintel offerings
include chemical market research reports, chemical industry analysis report, commercial due diligence report, business strategy consulting and market research reports online.
About Lucintel
Lucintel, the premier
global management consulting and market research firm, creates winning
strategies for growth. It offers market assessments, competitive analysis,
opportunity analysis, growth consulting, M&A, and due diligence services to
executives and key decision makers in a variety of industries. For further
information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1
What are some of the most promising potential, high-growth opportunities for
the global flame retardant plastics market by end use industry (Aerospace &
Defense, Electrical & Electronics, Wire & Cable, Pipe & Tank,
Building & Construction, Transportation, Marine and Others), plastics type
(PVC, Polyolefin, Polyurethane, ABS, PC, PA, PBT, Epoxy, Phenolic, Polyester, Vinylester
and Others), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q. 2
Which segments will grow at a faster pace and why?
Q.3
Which regions will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5
What are the business risks and threats to the market?
Q.6
What are emerging trends in this market and the reasons behind them?
Q.7
What are some changing demands of customers in the market?
Q.8
What are the new developments in the market? Which companies are leading these
developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via material or product
substitution?
Q.11
What M & A activities have taken place in the last 5 years in this market?
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