Flame-Retardant Resin Market by Size, Growth, Opportunity and Forecast to 2025 | Hexion Inc., Olin Corporation, Nan Ya Plastics, Ashland Global Specialty Chemicals Inc

Global Flame-Retardant Resin Market Set to Grow due to Increasing Demand From End use Industries
Several factors are driving the demand for FR resins in major end-use industries, among which, one of the most important factors is an organic growth of the major end-use industries. Major market segments: E&E, transportation, and building & construction, are witnessing tangible growth rates over the past five years and are expected to maintain these growth momentums in the coming five years as well. This is projected to indicate a positive outlook for FR resins.

Another trend that further proliferates to the growth of FR resins is the introduction of stringent regulations regarding FST (fire, smoke, and toxicity) performance. Composite part fabricators have no choice except using FR resins in interiors and high-temperature-resistant applications in order to meet the FST standards of various end-use industries.

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Competitive Analysis Of Flame-Retardant Resin Market

1. Hexion Inc.
2. Olin Corporation
3. Nan Ya Plastics
4. Ashland Global Specialty Chemicals Inc.
5. Huntsman Corporation
6. Polynt Reichhold Group
7. Sumitomo Bakelite Co., Ltd.
8. Georgia-Pacific Industries ltd
9. AOC, LLC

Key Takeaways of the Flame-Retardant Resin Market Study

1. Epoxy resin is expected to remain the largest segment of the market over the next five years, propelled by the electrical and electronics industry.
2. E&E is expected to remain the largest segment of the market over the next five years.
3. The transportation segment is projected to witness the highest growth rate over the next five years. In the transportation industry, rail, bus, and recreational vehicles are the major users of FR composite parts. In rails, FR resins are used for making interior parts, such as lavatory, seats, partitions, sidewalls, ceiling panels, doors, and windows, for high-speed trains, metro, locomotives, and monorails.
4. Asia-Pacific is likely to remain the largest and the fastest-growing market during the forecast period in terms of both value and volume. The demand for FR resins in the region is driven by a host of factors including a gradual shift of the E&E industry from the developed economies to the developing Asian economies, increasing demand for high-speed and metro rails, development of commercial and regional aircraft indigenously, and increasing oil & gas activities.

Notable Development Trends to Open up New Horizons of Growth for Flame-Retardant Resin Market

The leading companies in the market are focused on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.

1. March 16, 2018 - Electrolube Launches First Clear UL94 V-0 Flame Retardant PU Resin for the LED Market.
2. 4 November 2019 - Cubicure, a German additive manufacturing company focused on high-performance polymers, is set to launch a new flame-retardant material at Formnext later this month.

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Major points covered in the report:
1. An overview of the market, including background and evolution
2. Macroeconomic factors affecting the Flame-Retardant Resin market and its potential
3. Flame-Retardant Resin Market dynamics, such as drivers, challenges, and trends
4. Detailed value chain analysis of the Flame-Retardant Resin market
5. The cost structure of the products and segments covered in the study
6. In-depth pricing analysis, by key product segments, regions and by major market participants
7. Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
8. Analysis of the market structure, including a tier-wise categorization of key market participants
9. Competitive landscape of the Flame-Retardant Resin market, including detailed profiles of the top players in this market

Market Segmentation:

By Resin Type:
• Phenolic Resin
• Polyester Resin
• Epoxy Resin
• Others

By Composites Type:
• Glass Composites
• Others

By End User:
• Aerospace & Defense
• Transportation
• Building & Construction
• Electrical & Electronic
• Marine
• Pipe & Tank
• Others

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This release was published on openPR.