The global flame retardant plastics market is projected to reach $66.9 billion by 2027, at a CAGR of 3% during 2022-2027. The growth of flame retardant plastics market is driven by stringent government regulation towards fire safety, growing demand for flame retardant plastics in electrical and electronics market, and increasing demand for halogen-free wire and cable market.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the 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 What are the
business risks and threats to the flame retardant plastics market?
Q.4 What are some
changing demands of customers in the flame retardant plastics market?
Q.5 What are the new
developments in the flame retardant plastics market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this flame retardant plastics area and
how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this flame retardant plastics market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include increasing demand
for non-halogenated polymers.
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Market Segmentation:
Based on polymer, the
flame retardant plastics market is segmented into PVC, polyolefin,
polyurethane, ABS, PC, PA, PBT, Epoxy, Phenolic, Polyester, Vinylester, and others.
The polyurethane segment is accounted for the largest share of the market in 2021
due to the increasing demand for PU foam in building & construction and
transportation industries and polyolefin is expected to register the highest
CAGR during the forecast period due to increasing demand halogen-free and low
smoke wire and cables.
Asia Pacific is expected
to be 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.
Key Players in the flame
retardant plastics market are BASF, DowDupont, Sabic, LyondellBasell, Mitsui
Chemicals, Sumitomo Chemical, Huntsman, Hexion, and Momentive.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers, restraints,
challenges, and opportunities for market growth. It would also help to
understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/flame-retardant-plastics-market.aspx
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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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