Flame Retardants in the Global Plastic Additive Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Flame Retardants in Plastic Additive Market Trends and Forecast

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 $7.9 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.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Flame Retardants in Plastic Additive Market by Segment

The study includes trends and forecast for flame retardants in the global plastic additive market by product type, polymer, application, and region, as follows:

Flame Retardants in Plastic Additive Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:

• Polyvinyl Chloride
• Polyolefin
• Polyurethane
• Acrylonitrile Butadiene Styrene
• Polycarbonate
• Epoxy
• Polyester
• Others

Flame Retardants in Plastic Additive Market by Polymer Group [Value ($B) Shipment Analysis from 2017 to 2028]:

• Thermosets
• Thermoplastics
• Others

Flame Retardants in Plastic Additive Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

• Aerospace & Defense
• Electrical & Electronics
• Wires & Cables
• Pipes & Tanks
• Transportation
• Building & Construction
• Marine
• Others

Flame Retardants in Plastic Additive Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Flame Retardants Companies in Plastic Additive Market

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, flame retardant companies in the plastic additive market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the flame retardant companies in the global plastic additive market profiled in this report include--

• Covestro AG
• DuPont
• SABIC
• Borealis AG
• Huntsman Corporation
• Olin Corporation

Flame Retardants in Plastic Additive Market Insights

• Lucintel forecast that polyurethanes will remain the largest polyurethanes will remain the largest segment over the forecast period due to their widespread application in the building & construction and transportation sectors.
• 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 an increase in vehicle production and construction activities and growing demand for flame retardants in electrical and electronics and aerospace industries in the region.

Features of Flame Retardants in the Plastic Additive Market

• Market Size Estimates: Fame retardants in the global plastic additive market size estimation in terms of value ($B)
• Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Fame retardants in the global plastic additive market size by various segments, such as by product type, polymer group, application, and region
• Regional Analysis: Fame retardants in the global plastic additive market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different product types, polymer groups, applications, and regions for the flame retardants in plastic additive market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the flame retardants in plastic additive market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the plastic additive market sizein terms of flame retardant usage?

Answer: The global plastic additive market in terms of flame retardant usage is expected to reach an estimated $7.9 billion by 2028.

Q2. What is the growth forecast for flame retardants in the plastic additive market?

Answer: The global plastic additive market in terms of flame retardant usage is expected to grow with a CAGR of 5.7% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the flame retardants in the plastic additive market?

Answer: 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.

Q4. What are the major segments for flame retardants in plastic additive market?

Answer: 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.

Q5. Who are the key flame retardant companies in the plastic additive market?

Answer: Some of the key flame retardant companies in the global plastic additive market are as follows:

• Covestro AG
• DuPont
• SABIC
• Borealis AG
• Huntsman Corporation
• Olin Corporation

Q6. Which flame retardant in plastic additive segment will be the largest in future?

Answer:Lucintel forecasts that polyurethanes will remain the largest polyurethanes will remain the largest segment over the forecast period due to their widespread application in the building & construction and transportation sectors.

Q7. In flame retardant in plastic additive market, which region is expected to be the largest in next 5 years?

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

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for flame retardants in the global plastic additive market product type (polyvinyl chloride, polyolefin, polyurethane, acrylonitrile butadiene styrene, polycarbonate, epoxy, polyester, and others), polymer group (thermoset, thermoplastics, 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?