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Global Flame-Retardant Thermoplastic Market InsightJanuary 7, 2022 Comments
The Flame-Retardant Thermoplastic is forecast to steady growth over the next four years. According to the World Knowledge Information (WKI) “Global Flame-Retardant Thermoplastic Professional Survey Report 2021, Forecast to 2026”, With the improvement of people’s safety awareness and the prevention of dangers, the Flame-Retardant Thermoplastic industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 6.19% base on WKI regression analysis model.
“Participants in the industry should improve the flame retardancy and heat resistance of their products and have better performance to adapt to the rapid development of the industry.“said Jimmy Joy, Senior analyst, Chemicals & Materials Market Research Center in WKI.
Flame retardants are added to polymers, polyesters, polyamides, etc. to improve the flame retardancy and heat resistance of products. Flame retardant thermoplastics are specially developed plastics to avoid any damage that may occur due to damage to the wires. Risk, especially suitable for applications involving low flame and smoke in the event of a fire. Flame-retardant thermoplastics have strong demand in many fields, especially in indoor and public transportation. In the event of a fire, the smoke and heat will increase exponentially, especially in public transportation, because the time interval for escape is very short. This is where the use of flame-retardant thermoplastic materials comes into play. This can not only save the lives of people in the vehicle, but also prevent the fire from spreading to surrounding areas. Flame-retardant thermoplastics also emit low smoke, helping travelers escape quickly without obstructing their vision and severe suffocation.
However, flame-retardant thermoplastics are relatively expensive and are subject to various regulations depending on the application. This makes the development cost and overall cost of these plastics high. Therefore, end users often prefer non-compliant and non-flame retardant plastics, which will have a negative impact on market growth.
This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Flame-Retardant Thermoplastic companies that include Asahi Kasei Corporation、BASF SE、Celanese Corporation、Covestro AG、DuPont and others.
Segmentation of Flame-Retardant Thermoplastic Market:
According to the type, the market for Flame-Retardant Thermoplastic is divided into amorphous and crystalline.Crystal occupies the dominant position in this market segment. The polymer chains in the resin have a crystalline structure, which helps reduce its flammability while maintaining other necessary properties. It also has high strength, flexibility and toughness at high temperatures. This makes it suitable for various applications that require flame retardancy under higher operating conditions.According to application, the Flame-Retardant Thermoplastic market is divided into electrical & electronics, transportation, construction, industrial, and others.Electrical & electronics occupies the dominant position in this market segment because of the extensive use of flame-retardant thermoplastics in printed circuit boards, refrigerators, vacuum cleaners, televisions, smartphones, laptops, etc.
Flame-Retardant Thermoplastic Market: Regional Analysis
In terms of geography, the global Flame-Retardant Thermoplastic market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.North America is currently the leading regional market for Flame-Retardant Thermoplastic due to the demand for flame retardants in electrical and electronic applications continues to increase, as well as the increase in automobile production in various countries.The Asia Pacific market is expected to grow with the highest CAGR.Due to flame-retardant thermoplastics are widely used and demanded in the electrical industry, and the region is the center of electronic products. In addition, the emergence of more and more electronics companies will promote the growth of the market in this region.
Largest share area：North America
Largest share country：the Unite States