The global Flame-Retardant Plastics Market size was USD 47.47 Billion in 2021 and is expected to register a revenue CAGR of 3.8% over the forecast period, according to the latest report by Reports and Data.
The market for flame retardant plastics is in high demand due to increasing applications in the aerospace, defense, electrical and electronics, wire and cable, pipe and tank, transportation, building and construction, and marine sectors. Factors such as increased demand from the aerospace and defense sector, increased demand from the electrical and electronics sector, increased demand for thermoplastics to reduce CO2 emissions, and increased investment in research and development are driving the market growth. driving growth. The main advantage of flame retardant plastics in product design is to prevent small sparks from turning into large flames. Electronic products have potential sources of ignition from critical components such as transformers, circuit boards, batteries, and connectors. Flame-retardant plastics help reduce the risk of fire and are essential for manufacturers to ensure they meet fire safety standards.
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Top Lading Players: Covestro AG, DuPont, SABIC, Borealis AG, Huntsman Corporation, Olin Corporation, BASF SE, LyondellBasell, Showa Denko AA, HEXION Inc.
Upcoming Trends in Flame-Retardant Plastics Market:
Flame-retardant plastics are widely used in various applications such as electronics, construction, and automotive industries to reduce the risk of fire. With the growing concern for safety and increasing demand for lightweight materials, the flame-retardant plastics market is expected to see several upcoming trends in the near future.
Here are some of the upcoming trends in the flame-retardant plastics market:
Some Key Highlights from the Report:
Segments covered in the report:
Polymer Type Outlook (Revenue, USD Billion; 2019-2030)
Polymer Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
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Key Questions Addressed in the Report:
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