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Global Flame Retardant Acrylic Market 2019: Analysis By Latest Trends, Size, Share, Growth Rate And Forecast To 2026
The data and information collected to form this Global Flame Retardant Acrylic Market report is usually quite a lot and is also in a complex form which is simplified by the experts for end users. While preparing this Global Flame Retardant Acrylic Market report, detailed market analysis has been performed with inputs from industry experts. In addition, market share analysis as well as key trend analysis is the key accomplishing factors in this market report. With this Global Flame Retardant Acrylic Market report, business can effectively gain a holistic view of the market and then also benchmark all the companies in the Flame Retardant Acrylic industry. This Global Flame Retardant Acrylic Market research analysis brings into light a vast market place.
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Market Definition: Global Flame Retardant Acrylic Market
Flame retardant acrylic is specially engineered to provide protection and maintain safety and fire hazard and it will not combust rapidly while inhibiting the spread of the flame. It helps in providing protection from fire prone materials or fabrics and applicable in industry such as electrical engineering, transportation and construction.
Market Analysis:: Global Flame Retardant Acrylic Market
Global Flame Retardant Acrylic Market is expected to rise from its initial estimated value of USD 8.23 million in 2018 to an estimated value of USD 16.89 million by 2026, registering a CAGR of 9.40% in the forecast period of 2019-2026. The exceptional characteristics of the fluids such as non-flammability, compatibility and maintain temperature with various types of plastics and metals is leading to the increased usage of the engineered fluids.
Market Drivers:
High demand from oil and gas, military, and construction industry in developing countries is driving the market growth
Increasing demand from oil and gas, military, and construction industry is likely to drive the growth of the engineered fluids market
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Market Restraints:
High manufacturing cost of the flame retardant acrylic is considered to be major restraint for the market
Investment for R&D is high which is likely to restrain the growth of the in the flame retardant acrylic market
Competitive Analysis:
Global engineered fluids (fluorinated fluids) 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 engineered fluids (fluorinated fluids) market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in this market DuPont, Milliken & Company, Koninklijke Ten Cate bv, Pbi PERFORMANCE PRODUCTS INC, Gunei Chemical Industry Co., Ltd., Huntsman International LLC, KANEKA CORPORATION, LENZING AG, Evonik., Solvay and TOYOBO CO., LTD, The Chemours Company, Clariant, LANXESS, BASF SE, Akzo Nobel N.V., Nabaltec AG, Albemarle Corporation, Italmatch Chemicals S.p.A., HUBER ENGINEERED MATERIALS.
Key Developments in the Market:
In November 2018, Evonik marketed 2-hydroxyethyl methacrylate phosphate which is a flame retardant with the brand name VISIOMER HEMA-P 70M. The product offered new options for customers with special requirements for anti-corrosion characteristics and flame-retardant.
In February 2017, Chemours announced the opening of a new Christi plant in Texas, U.S. This helped in maximizing the production capacity or the HFO-1234yf-based-products and make potential change in the products causing global warming.
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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
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