Global Flame Retardant Acrylic Market, By Type (Alumina Trihydrate, Brominated Flame Retardants, Antimony Trioxide, Phosphorous Flame Retardants, Others), End User (Automotive, Construction, Textile, Electronics, Aerospace, Paints and Coatings, Packaging, Others) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The flame retardant acrylic market size is valued at USD 20.39 million by 2028 and is expected to grow at a compound annual growth rate of 9.90% for the forecast period of 2021 to 2028. Data Bridge Market Research report on flame retardant acrylic market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The flame retardant acrylic is a type of a specifically engineered which helps to provide protection and also uphold safety and fire hazard and it will not combust speedily while inhibiting the spread of the flame. It also helps in providing the protection from fire prone materials or fabrics and is appropriate in the various industries such as transportation, electrical engineering and construction.
The rapidly increasing demand from oil and gas, military and construction industry in developing countries has highly influenced growth of the flame retardant acrylic market. In line with this, the rising consumption of flame retardants in electronics and its rising consumption in different industries counting the plastic and textile industry are also acting as a key determinant favoring the growth of the flame retardant acrylic market over the forecast period of 2021 to 2028. Also the high construction spending and rapidly rising automotive industry are also positively impacting the growth of the flame retardant acrylic market. The major factor accountable for the growth of the market is the growing awareness regarding the effectiveness of flame retardants and essential escape time during fire incidents.
However, the high manufacturing cost of the flame retardant acrylic as well as the high investment R&D may act as key restraint towards flame retardant acrylic market growth rate in the forecast period of 2021 to 2028, whereas the lower performance of these retardant when compared to the other flame retardants have the potential to challenge the growth of the flame retardant acrylic market in the above mentioned forecast period.
Furthermore, the introduction of more efficient synergist compounds, emerging economies and growing demand for consumer electronics across the world will further offer a variety of growth opportunities for the flame retardant acrylic market in the above mentioned forecast period.
This flame retardant acrylic 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 the flame retardant acrylic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Flame Retardant Acrylic Market Scope and Market Size
The flame retardant acrylic market is segmented on the basis of type and end user. 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 acrylic market is segmented into alumina trihydrate, brominated flame retardants, antimony trioxide, phosphorous flame retardants and others.
- The end user segment for the flame retardant acrylic market is segmented into automotive, construction, textile, electronics, aerospace, paints and coatings, packaging and others.
Global Flame Retardant Acrylic Market Country Level Analysis
The flame retardant acrylic market is analyzed and market size, volume information is provided by country, type and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the flame retardant acrylic market because of the presence of major electronics industry as well as the rising construction activities within this particular region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to rapid technological advancements along with increasing use of these products from the automotive industry within this 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 Flame Retardant Acrylic Market Share Analysis
Flame retardant acrylic market 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 acrylic market.
The major players covered in the flame retardant acrylic market report are J.M. Huber Corporation, Clariant, LANXESS, Albemarle Corporation, Solvay, Nabaltec AG, BASF SE, AkzoNobel N.V., Italmatch Chemicals S.p.A., DuPont Milliken & Company, Kisuma Chemicals,Kaneka Corporation,Sarex,Evonik Industries AG, Huntsman International LLC, Celanese Corporation,Huber Engineered Materials, Arkema, KPL International Limited, and TOYOBO CO., LTD., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.