PUBLISHER: Grand View Research | PRODUCT CODE: 1300968
PUBLISHER: Grand View Research | PRODUCT CODE: 1300968
The global flame retardants for aerospace plastics market size is expected to reach USD 50.18 million by 2030. Furthermore, the market is expected to advance at a revenue-based CAGR of 7.0% from 2023 to 2030. The growth is attributable to the rising consumption of plastics and is predicted to continue to be driven by the demand for lighter airframes and fuel savings.
The flame retardant market for aerospace plastics is poised to witness several growth avenues due to the increasing demand for commercial aircraft globally. Plastic is used to construct decks, cabins, airframes, rotor blades, wings, cushion foams, and other internal parts. High-performance engineered products like polyimides, glass-reinforced plastics (GRP), polycarbonates, and even epoxies are quickly overtaking traditional materials such as metal and wood, due to their light weight, flexibility, low maintenance, adaptability, and high resistance to chemicals and pressure.
These additives have been incorporated into a range of plastics, making them resistant to high temperatures and ideal for use in aircraft applications that require high-temperature resistance on outer surfaces. The new Airbus A380's wing boxes frequently use plastic fiber composite materials, which helps to reduce the weight of the entire aircraft by 1.5 tons. Other contemporary aircraft designed by Boeing have up to 50% plastic composites in their parts to lighten their weight and lower their emissions.
Additionally, it is anticipated that the growing number of fire safety standards and regulations developed around the world will fuel market growth in the coming years. However, increasing health and safety concerns, rising prices of flame retardant products, and intensifying concerns about hazardous substances in this area are limiting market growth.