Flame-Retardant Resin Market in the Composites Industry Forecasted to Reach US$ 5,735.8 million in 2024

Stratview Research has launched a research report on Flame-Retardant Resin Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Flame-Retardant Resin Market from 2019 to 2024.

This 240 page report is segmented in five ways to provide a 360 degree holistic view. The segments are –
· by Resin Type (Phenolic Resin, Polyester Resin, Epoxy Resin and Others),
· by Composites Type (Glass Composites, Carbon Composites, and Others),
· by End-Use Industry (Aerospace & Defense, Transportation, Building & Construction Electrical & Electronic, Marine, Pipe & Tank and Others),and
· by Region
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and Rest of Asia-Pacific)
• Rest of the world (Sub-Region Analysis: Latin America, the Middle East, and Others)
Stratview Research, has presented the study of Flame-Retardant Resin Market over the trend period of 2013 to 2018 and forecast period of 2017 to 2029. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The market is encircled by a well robust supply chain with the presence of several large-to-small-sized players. Hexion Inc., Olin Corporation, Nan Ya Plastics, Ashland Global Specialty Chemicals Inc., Huntsman Corporation, Polynt Reichhold, Group, Sumitomo Bakelite Co., Ltd., Georgia-Pacific Industries ltd., and AOC, LLC are some of the major players in FR resins market for the composites industry.

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Flame Retardant Resin (FRR) Market in the Composites Industry: Highlights & Drivers

Flame retardant resin market in the composites industry is grow at a healthy rate over the next five years, driven by increasing penetration of composite materials in the FST (Fire, Smoke, and Toxicity) applications in different industries, such as transportation, aerospace & defense, and marine, introduction of more stringent standards related to fire and safety, and an organic growth of the end-use industries, such as increasing global automobile production.

Phenolic is expected to remain the most dominant resin type

Flame retardant resin market in the composites industry is segmented based on resin type as phenolic resin, polyester resin, epoxy resin, and other resins. In terms of value, Phenolic is expected to remain the most dominant resin type in the global flame retardant resin market over the next five years, driven by its excellent FST property and good performance. Epoxy resin is estimated to experience the highest growth in the global flame retardant resin market in the composites industry. This resin type is gaining traction in the composites market because of its excellent higher performance, such as strength, adhesiveness, versatility, moisture absorbent, and less volumetric shrinkage.

Aerospace & defense industry is projected to witness the highest growth
The flame retardant resin market in the composites industry is segmented based on end-use industry as aerospace & defense, transportation, building & construction, electrical & electronic, marine, pipe & tank, and others. Aerospace & defense industry is projected to witness the highest growth over the next five years, driven by increasing use of phenolic prepregs in the interior applications, such as galleys coupled with increasing production rates of composites rich aircraft, such as A350XWB, B787, and Bombardier C Series.

US is the growth engine of the North American market
North America is expected to remain the largest market in the global flame retardant resins for the composites industry during the forecast period. The US is the growth engine of the North American market as the country is the manufacturing capital of aerospace & defense industry with the presence of several small to large players. Asia-Pacific is projected to witness the highest growth in the global FRR market during the forecast period, driven by China and India. Increasing efforts for the development of commercial, regional, and military aircraft to become self-sustained, increasing military expenditures, and commencement of assembly plants by both commercial aircraft manufacturers in China will act as the key driving factors in the region.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Market structure: Overview, industry life cycle analysis, supply chain analysis
● Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend and forecast analysis
● Market segment trend and forecast
● Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
● Attractive market segments and associated growth opportunities
● Emerging trends
● Strategic growth opportunities for the existing and new players
● Key success factors.
● Research Methodology

This report studies the Flame-Retardant Resin Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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