Chemical

According to a market report by Lucintel, the future of flame retardants in the global plastic additive market looks promising with opportunities in the aerospace & defense, electrical & electronics, wires & cables, pipes & tanks, transportation, building & construction, and marine industries. The global plastic additive market in terms of flame retardant consumption is expected to reach an estimated $11.0 billion by 2028 with a CAGR of 5.7% from 2023 to 2028. The major drivers for this market are increasing demand from the electrical & electronics sector, growing demand for thermoplastics to reduce carbon emission, and stringent government regulations towards fire safety.



In this market, polyvinyl chloride, polyolefin, polyurethane, acrylonitrile butadiene styrene, polycarbonate, epoxy, and polyesterare the major product type segments. Lucintel forecasts that polyurethanes will remain the largest product type segment over the forecast period due to their widespread application in the building & construction and transportation sectors.



Within this market, aerospace & defense is expected to remain the largest application segment due to the growing demand for lightweight and cost-effective materials and increasing safety concerns related to flammability of aerospace components. 



APAC will remain the largest region due to increase in vehicle production and construction activities and growing demand of flame retardants in electrical and electronics and aerospace industries in the region.

Covestro AG, DuPont, SABIC, Borealis AG, Huntsman Corporation, and Olin Corporation are the major suppliers for flame retardants in the Global plastic additive market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities flame retardants in the global plastic additive market by product type, polymer group, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Flame Retardants in the Global Plastic Additive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for flame retardants in the global plastic additive market by product type, polymer group, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the flame retardants in plastic additive market by product type (polyvinyl chloride, polyolefin, polyurethane, acrylonitrile butadiene styrene, polycarbonate, epoxy, polyester, and others), polymer group (thermoset, thermoplastic, and others), application (aerospace & defense, electrical & electronics, wires & cables, pipes & tanks, transportation, building & construction, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?