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.
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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]:
By End Use Industry [$M and kilotons shipment analysis for 2013 – 2024]:
- Aerospace & Defense
- Electrical & Electronics
- Wire & Cable
- Pipe & Tank
- Building & Construction
By Plastics Group [$M and kilotons shipment analysis for 2013 – 2024]:
By Region [$M and kilotons shipment analysis for 2013 – 2024]:
- North America
– United States
– Other European countries
- Asia Pacific
– 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 click on this link https://www.lucintel.com/flame-retardant-plastics-market.aspx or email@example.com.
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?
Company Name: Lucintel
Contact Person: Tushita Roy
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Country: United States