Flame Retardant Thermoplastics Market will rise up to USD 11.05 billion by 2028| Key Players: SABIC, Covestro AG, LyondellBasell Industries Holdings B.V

Based on the current market trends, the global flame retardant thermoplastics will see a rise in its market value for the forecast period of 2021-2028. This means that the flame retardant thermoplastics will rise up to USD 11.05 billion from USD 7.44 billion. With the growth and expansion in the market size and value, the flame retardant thermoplastics market will witness a CAGR of 5.06% for the forecast period.

Flame retardants are added to polymers, polyesters, polyamides among others to increase the ignition and heat resistance of the product. These also help in suppressing the smoke and get in control of the speed of the flame. The flame retardant thermoplastics are specially developed plastics that are used to avoid any risks that may occur due to damage to the electric wiring. Continuous research and development are undertaken to upgrade the quality and standards of the flame retardant thermoplastics. These are highly demanded in the transportation industry as well where the use of the same helps in controlling the fire caused due to an accident or any other reason and further also avoid the fire to propel to the surrounding areas. 

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The regular research and development undertaken to upgrade the quality and safety standards of flame retardant thermoplastics will boost up the demand for the same across the globe. Several companies in North America increasing their expenditure of research and development for the innovation of new products that are less harmful to the health and environment is also a market opportunity the advantage of which is being taken. Increasing awareness regarding the importance of flame retardant thermoplastics is also responsible for the growth of the market. 

However, the high cost involved in the production will act as a growth restraint to the flame retardant thermoplastics market. Also, stringent regulations by the government to upkeep with the standards will slow down the growth rate of the market. The health and environmental effects of the same can impact demand. The fire retardant thermoplastics are composed of stubborn chemicals which when released into the air or soil may lead to grievous problems like cancer, neurological dysfunction, bio-accumulate food chains. Therefore, this can become the biggest hurdle in the growth of the market.

Competitive Landscape and Flame Retardant Thermoplastics Market Share Analysis

The fire retardant thermoplastics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to water filters market.

The major players covered in theFlame Retardant Thermoplastics Market report are
SABIC,
Covestro AG,
LyondellBasell Industries Holdings
B.V.,
Solvay,
EMS-CHEMIE HOLDING AG,
Mitsubishi Engineering-Plastics Corporation
LOTTE Chemical CORPORATION.
 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.
DSM and
DuPont

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This flame retardant thermoplastics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on flame retardant thermoplastics market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Flame Retardant Thermoplastics Market Scope and Market Size

The flame retardant thermoplastics market is segmented on the basis of type, product, form, coating and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Global flame retardant thermoplastics market is segmented into polyamide, acrylonitrile butadiene styrene, polycarbonate, polycarbonate/acrylonitrile butadiene styrene blends, polypropylene, polyphenylenoxide, PBT/PET - thermoplastic polyesters on the basis of type.
On the basis of product, the flame retardant thermoplastics market is segmented into halogenated products and non-halogenated products.
On the basis of form, the flame retardant thermoplastics market is segmented into amorphous polymers and crystalline polymers.
The flame retardant thermoplastics market is segmented into brominated flame retardants, phosphorus flame retardants, antimony trioxide, and alumina trihydrate on the basis of coating.
The flame retardant thermoplastics market can also be segmented on the basis of application into construction, electrical & electronics, industrial, oil and gas, pharmaceutical, agriculture and transportation.

Flame Retardant Thermoplastics Market Country Level Analysis

The fire retardant thermoplastics market is analysed and market size, volume information is provided by country, type, product, form, coating and application as referenced above.

The countries covered in the fire retardant thermoplastics market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific is dominating the fire retardant thermoplastics market. This is because fire retardant thermoplastics are highly used and demanded in the electrical industry and this region is the hub of electronics. Further, the emergence of more and more electronic companies will drive the growth of the market in this region. The region is also set to witness the highest CAGR for the forecast period. Increased constructional activities and propelling transportation industry coupled with other factors like availability of cheap labour, low cost raw material among others. will contribute to this fast pacing growth. Also, the demand for eco-friendly retardants to meet the safety standards will further pace up the growth of the market.

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