Asia-Pacific Flame Retardant Thermoplastics Market, By Type (Polyamide, Acrylonitrile Butadiene Styrene, Polycarbonate, Polycarbonate/Acrylonitrile Butadiene Styrene Blends, Polypropylene, Polyphenylenoxide, PBT/PET – Thermoplastic Polyesters), Coating (Brominated Flame Retardants, Phosphorus Flame Retardants, Antimony Trioxide, Alumina Trihydrate), Application (Electronics and Electrical, Building and Construction, Transportation, Industrial, Consumer Goods, Oil and Gas, Pharmaceuticals, Agriculture), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific)- Industry Trends and Forecast to 2028.
Market Analysis and Insights: Asia-Pacific Flame Retardant Thermoplastics Market
The flame retardant thermoplastics market is expected to witness market growth at a rate of 5.40% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 10,966.23 million by 2028. Data Bridge Market Research report on flame retardant thermoplastics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of flame retardant thermoplastics market.
Flame retardant thermoplastics refer to the type of materials that are specifically developed to reduce the fire risks starting in due to any electrical fault or contact with any heat source. The flame-retardant thermoplastics are known to slow down the combustion and often help preventing the fire spread. The flame retardant thermoplastics interfere with the potential fire hazard by delaying or preventing its propagation. This, further resists ignition by extinguishing flames.
The rise in fire safety regulations across the region acts as one of the major factors driving the growth of flame retardant thermoplastics market. The increase in demand for flame retardant thermoplastics in the transportation sector, especially for indoor and public transport, and rise in application in industries such as construction and electrical and electronics accelerate the market growth. The development of superior and high-performance product, which do not modify the characteristics of the base of the product, and rise in awareness regarding the importance of flame retardants further influence the market. Additionally, growth in awareness, growth of personal care industry, expansion of various end use industries, and rise in environmental concerns positively affect the flame retardant thermoplastics market. Furthermore, advancements in the material extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, environmental and health concerns, and stringent regulations are expected to obstruct the market growth. High loading levels of halogen-free flame retardants altering the properties of final products are projected to challenge the flame retardant thermoplastics market in the forecast period of 2021-2028.
This flame retardant thermoplastics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on flame retardant thermoplastics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Flame Retardant Thermoplastics Market Scope and Market Size
The flame retardant thermoplastics market is segmented on the basis of type, coating, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the flame retardant thermoplastics market is segmented into acrylonitrile butadiene styrene (ABS), polypropylene (PP), polyamide (PA), PBT/PET – thermoplastic polyesters, PC – polycarbonate, PC/ABS – polycarbonate/acrylonitrile butadiene styrene blends, PPO – polyphenylenoxide, others.
- On the basis of coating, the flame retardant thermoplastics market is segmented into alumina trihydrate, brominated flame retardants, antimony trioxide, phosphorus flame retardants, others.
- On the basis of application, the flame retardant thermoplastics market is segmented into industrial, building and construction, transportation, electronics and electrical, consumer goods, pharmaceuticals, agriculture, oil and gas, others.
Asia-Pacific Flame Retardant Thermoplastics Market Country Level Analysis
The flame retardant thermoplastics market is analyzed and market size insights and trends are provided by country, type, coating, and application as referenced above.
The countries covered in the Asia-Pacific flame retardant thermoplastics market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Japan dominates the flame retardant thermoplastics market owning to the increase in research and development activities in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Flame Retardant Thermoplastics Market Share Analysis
The flame retardant thermoplastics competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flame retardant thermoplastics.
The major players covered in the flame retardant thermoplastics report are SABIC, Covestro AG, LyondellBasell Industries Holdings B.V., Solvay, EMS-CHEMIE HOLDING AG, Mitsubishi Engineering-Plastics Corporation, LOTTE ADVANCED MATERIALS CO., LTD., LATI Industria Termoplastici S.p.A., Idemitsu Kosan Co., Ltd., Radici Partecipazioni SpA, Trinseo, LG Chem., TORAY INDUSTRIES, INC., LANXESS, RTP Company, Dow, BASF SE, PMC Group, Inc., PolyOne, DSM, DuPont, and Asahi Kasei Corporation, among others.
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