Insights on Aerospace Plastic Flame Retardant Market is Expected to Witness Significant Growth by 2024, Globally – Market Research Report by Hexa Research

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High utilization of plastic in aerospace is owing to the fact that it imparts good chemical strength and possesses the ability to resist flame and smoke gas toxicity which is expected to propel the “aerospace plastic flame retardant market growth” by 2024.

Global Aerospace Plastic Flame Retardant Market is expected to witness significant growth over the next eight years on account of high safety precautions regarding the flammable materials and owing to the increased use of plastics in the aviation industry. Plastics in aerospace gives freedom to the component design which further results in low installation and production costs. High utilization of plastic in aerospace is owing to the fact that it imparts good chemical strength and possesses the ability to resist flame and smoke gas toxicity which is expected to propel growth in the near future.

In addition, various superior properties including high specific strength, gliding properties, low outgassing in a vacuum, good radiation resistance, and maintenance-free will drive its demand over the forecast period. Plastics have witnessed high demand on account to their use as an alternative to conventional materials in many applications including electronics & electrical, automobile and aerospace which play a key role in its end user applications and is expected to propel expansion in the foreseeable future.

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High performance engineered products such as fiber reinforced plastics (FRP) and glass reinforced plastics are used in aerospace materials as they possess various properties which include mechanical, thermal, flammability and smoke density resistibility and provide flammable characteristics without compromising on their other properties. In the aerospace industry plastics have a large demand as they have vast applications in wings, decks ,propulsion systems, seals or sliding bearings, cabins, onboard kitchen, cooling systems, airframes , freight loading facilities, cushion foams ,rotor blades and other manufacturing equipment. Plastic flame retardants possess superior properties which make the material of lesser weight & fire resistant and from the point of view of safety aspects and less energy consumption aerospace plastic flame retardants are expected to spur market size over the upcoming years.

Imposition of firm regulations by the National Fire Protection Agency (NFPA), European Commission, and the U.S. EPA have intervened the development of numerous non-halogenated, retardants and non-toxic fire retardants. Various eco-labels including fire safety and technology (FRCA) GA ecolabel, Germany’s ‘Blue Angel’ and the EFRA EU eco-labels are expected to put in efforts in the aerospace industry and products such as non-halogenated materials for the future growth of the flame retardants in the upcoming years.

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 Globally, the flame retardants use has been influenced by human health and environmental concerns. Mostly used flame retardants are halogen, phosphorus, metal hydrate, antimony oxides and others. On the other hand use of the polybrominated biphenyl ether has been banned in the U.S. and Europe owing to the possibility that it may endanger human and the environment. Rising consumption of plastics in the aviation industry in various countries including China, India, Brazil, Argentina and the U.S. is expected to be a major driver for market penetration. Increasing purchasing power and transition in consumer lifestyles are expected to promote the aviation industry, which will boost the demand for flame retardants. Growing travel & tourism industry with the consumer disposable income have propelled the development of the aviation industry in India, China, Thailand and other emerging economies .Expansion of aviation industry in these nations at a rapid pace also makes these countries the key consumers which will augment industry growth over the next eight years.

Growing aviation sector primarily in North America, Europe, Asia Pacific is expected to stimulate market growth over the next eight years. Mounting demand for the products over the forecast period as they are preferred over other conventional material options on account of their properties including creep strength, glass transition & melting temperature, surface resistance, specific volume resistivity and dielectric strength will create immense market potential. Moreover, the presence of the key airline companies including Boeing, Rolls Royce, the Safran Group. and Airbus will open new market avenues for the industry growth.

European airspace and manufacturing sectors have been closely monitored. On the other hand high toxicity, carcinogenic nature, along with negative environmental effects is expected to restrain market growth over the next eight years. The market is highly competitive in nature with various key players including, Huber Engineered Materials, Clariant Corporation, RTP Company, Chemtura, Ciba ,Italmatch, Albemarle, Sinochem , DIC Corporation, , Royal DSM, Israel Chemicals, Rio Tinto , Solvay, and BASF..Various companies are involved in constant product innovation and R&D in order to develop materials which will lead to low toxicity.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources

Chapter 2 Executive Summary

Chapter 3 Flame Retardants for Aerospace Plastics Industry Outlook
3.1 Market segmentation
3.2 Market size and growth prospects, 2012 – 2022
3.3 Flame retardants for aerospace plastics value chain analysis
3.3.1 Vendor landscape
3.4 Regulatory framework
3.5 FRAP market dynamics
3.5.1 Market driver analysis Development of aviation market Substitution of metals to lower carbon emissions Easy adoption in aircraft designs
3.5.2 Market restraint analysis Volatile raw material prices
3.6 Key opportunities prioritized
3.7 Industry Analysis – Porter’s
3.8 FRAP PESTEL analysis

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