Vancouver, BC -- (SBWIRE) -- 12/22/2020 -- Flame Retardant Plastics Market

The global flame retardant plastics market is forecasted to attain a value of  USD 61.87 Billion by 2027 with a CAGR of 3.8%.The flame retardant plastics market has wide applications in aerospace &defense, electrical & electronics, wire & cable, pipe & tank, transportation, building & construction, and marine. Factors such as growing demand from the aerospace and defense sector, increasing demand from the electrical & electronics sector, rising demand for thermoplastics to reduce carbon emission, and increased investments would drive the market growth in the forecast period.

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Leading Players Profiled in the Report Include:

Covestro AG, DuPont, SABIC, Borealis AG, Huntsman Corporation, Olin Corporation, BASF SE, LyondellBasell, Showa Denko AA, and HEXION Inc., among others.

Market Drivers

By polymer type, polyurethanes accounted for the largest market share of over 28% of the flame retardant plastics market in 2019. Polyurethanes have wide applications in the building & construction and automotive & transportation industry. Thermosets are projected to grow at a faster rate of 5% during the forecast period. The aerospace &defense industry has accounted for the largest market share of over 23% in 2019 and is expected to be the dominating sector for consumption during the forecast period.

Polymer Type Outlook (Revenue, USD Billion; 2017-2027)
Polyvinyl Chloride
Polyolefin
Polyurethane
Acrylonitrile Butadiene Styrene
Polycarbonate
Epoxy
Polyester
Others

Polymer Group Outlook (Revenue, USD Billion; 2017-2027)
Thermoset
Thermoplastic

Application Outlook (Revenue, USD Billion; 2017-2027)
Aerospace & Defense
Electrical & Electronics
Wire & Cable
Pipe & Tank
Transportation
Building & Construction
Marine
Others

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The following are the main reasons to buy the Global Flame Retardant Plastics Market report:

The latest report closely evaluates the overall market size and infers on various aspects, such as the current business trends, market share, product offerings, and product share.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
It offers an insightful analysis of the various regional segments of the market that are projected to witness enormous growth over the forecast period.
Furthermore, the report covers the latest developments taking place in the market and effective business strategies implemented by the leading market rivals.

The report considers the following market growth estimation timeline:

Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027

Regional Outlook

The Asia Pacific market accounted for the largest share in 2019, owing to the growth of electronics, electrical, and automotive industries in the region. Besides, the growing construction industry in the countries of the region, mainly in China and India, has been an extra boost for the growth of the demand for flame retardant plastics.

Europe was the second-largest shareholder of the market in 2019 and is expected to grow further during the forecast period owing to the growth of the aerospace and construction industry in the region.

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