Global Flame Retardant Thermoplastics Market research report contains general effective parameters, restrictions, and highlights critical information about present and future models of Flame Retardant Thermoplastics Market that may concern the headway. The report clarifies inside-outside portrayal of current headways, parameters, and foundations. It likewise gives information identified with the financial conditions that would be helpful for organizations and new companies. This examination report covers and investigates the worldwide Flame Retardant Thermoplastics Market. It sheds light on the requirement for the most up-to-date market information for the business the executives, offering advancement and gainfulness of the worldwide market. It’s an expert and profound investigation of the present market scenario.
Global Flame Retardant Thermoplastics Market By Type (Polyamide, Acrylonitrile Butadiene Styrene, Polycarbonate, Polycarbonate/Acrylonitrile Butadiene Styrene Blends, Polypropylene, Polyphenylenoxide, PBT/PET – Thermoplastic Polyesters), Coating (Brominated Flame Retardants, Phosphorus Flame Retardants, Antimony Trioxide, Alumina Trihydrate), Application (Electronics & Electrical, Building & Construction, Transportation, Industrial, Consumer Goods, Oil & Gas, Pharmaceuticals, Agriculture), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East & Africa) – Industry Trends and Forecast to 2026
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Global flame retardant thermoplastics market is projected to register a healthy CAGR of 4.7% in the forecast period of 2019 to 2026.
Flame retardant thermoplastics are developed to reduce the fire risks starting in due to any electrical fault or contact with any heat source. The flame retardant thermoplastics tend to slow down the combustion and often help preventing the fire spread. Therefore flame retardant thermoplastics will interfere with the potential fire hazard by delaying or preventing its propagation and resisting ignition by extinguishing flames.
Various parameters are to be taken care of while developing and formulating flame retardant thermoplastic compounds, such as combustibility, ignitability, flame spread, heat release, smoke development, and fire gas toxicity.
Depending on application type and end-user, flame retardant thermoplastics can be made of several polymers, such as polypropylene, nylon or polyamide, polycarbonate, acrylonitrile butadiene styrene, polybutylene terephthalate, polycarbonate/acrylonitrile butadiene styrene alloy, polycarbonate/acrylic alloy, and thermoplastic vulcanizate elastomers. Flame retardant technology is used in wide range of applications, such as in electrical & electronics industry, injection-molded wire nuts for electrical sockets, components used in microwaves, refrigerators, ovens, dishwashers, and dryers.
Some of the prominent participants operating in this market are SABIC, Covestro AG, LyondellBasell Industries Holdings B.V., Solvay, EMS-CHEMIE HOLDING AG, Mitsubishi Engineering-Plastics Corporation, LOTTE ADVANCED MATERIALS CO., LTD., LATI Industria Termoplastici S.p.A., Idemitsu Kosan Co.,Ltd., Radici Partecipazioni SpA, Trinseo, LG Chem., TORAY INDUSTRIES, INC., LANXESS, RTP Company, Dow, BASF SE, PMC Group, Inc., PolyOne, DSM, DuPont, and Asahi Kasei Corporation among others.
Flame retardant thermoplastics are a type of plastic polymer additives that are utilized and included in the production of various end-use products and materials to transform them as flame retardant and protected against fire. Once in contact with fire, they release gas which prohibit the supply of oxygen between the flames, the second type of phase is the solid phase where the form an isolated layer between the supply of oxygen and fire prohibiting it from expanding and the third phase is the cooling where the additives release moisture and water where the surface under fire is cooled down and the fire is extinguished.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
- Increasing levels of urbanization and industrialization resulting in growth of construction activities; this factor is expected to act as a driver for the market growth
- Increasing concern regarding the safety of individuals and protection of property from fire have resulted in high demand of flame retardant products and solutions; this factor is expected to positively affect the market growth
- Imposing strict regulations from the authorities of various regions regarding the materials used in the production is expected to act as a restraint the market growth
Segmentation: Global Flame Retardant Thermoplastics Market
- By Application
- Textiles & Clothing
- Defence & Aerospace
- Building & Construction
- Electrical & Electronics
- Automotive & Transportation
- In May 2019, PolyOne expanded its long fibre thermoplastic portfolio at CHINAPLAS 2019 which includes Surround EMI/RFI Shielding formulations and Complēt LFT formulations. It will meet performance and design specifications, and together with their technical team they can help the customers and capture the market share and meet the goals.
- In March 2019, Toray Industries, Inc. launched a flexible clear film, which features bending resistance and ultra-high hardness. This newly developed product by Toray is expected to be used in optical films for transparent circuit boards and flexible displays as rollable and foldable displays have gathered pace in past few years.
- In March 2019, Toray Industries, Inc. launched the new polyphenylene sulphide (PPS) resin, which features exceptional flexibility level with superior chemical-resistance and heat-resistance. This newly developed product is expected to enable the use of resin for automotive piping, which will expand the application area of the product.
- In October 2015, Mitsubishi Engineering-Plastics Corporation introduced two new polyacetal resin copolymer Iupital which are Iupital A25-03 and Iupital A10-03. The company brought high grade rigidity and flowability with superior creep resistance by introducing these new products.
- In March 2015, RTP Company launched a series of flame retardant compounds to be used for the applications requiring low heat, low smoke, and low flame spread. The new series compounds were introduced for the development of cost effective and compliant thermoplastic solutions.
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Key Developments in the Market:
- In August 2018, LyondellBasell Industries Holdings B.V. announced that they had completed the acquisition of A. Schulman, Inc. This acquisition is expected to strengthen and complement the already existing product portfolio of LyondellBasell. It will also help in providing products to an even broader end-user segment.
- In April 2017, LANXESS announced that they had completed the acquisition of Chemtura. This acquisition is expected to help LANXESS expand their additives business and also help in providing improved products for flame retardant to the end-users.
Competitive Analysis: Global Flame Retardant Thermoplastics Market
Global flame retardant thermoplastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flame retardant thermoplastics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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