Flame Retardant Thermoplastics Market Size, Share & Industry Analysis, By Form (Amorphous, Crystalline), By Material (Polyamide & blends, Polycarbonate & blends, PBT/PET & blends, Polyphenylenoxide & blends, Polypropylene & blends) By Application (Electric/Electronic and Household Appliances, Building & Construction, Transportation) Others and Regional Forecast, 2023-2030

Flame Retardant Thermoplastics are specially developed plastics that are particularly used for applications involving low flame and smoke in case of fire outbreak. These plastics are subjected to various regulations and are required to meet the standards prescribed in the regulations. Continuous research & development activities are carried to develop new and better grades of flame retardant thermoplastics. The aviation industry has revolutionized the flame retardant thermoplastics market by setting a high level of standards. Variety of thermoplastics are made in flame-retardant grades and are often blended with fibreglass.

Flame Retardant Thermoplastics have strong demand in the transportation segment, especially for indoor and public transport. In case of a fire outbreak, the amount of smoke & heat increases exponentially, especially in public transportation as there is a narrow time gap to escape. This is where the use of flame retardant thermoplastic materials come into play. This not only saves the lives of people travelling in the vehicle but also avoids fire to propagate to surrounding areas. Flame retardant thermoplastics also give out low smoke that helps the travellers to escape fast without blocking their vision and severe suffocation.

Key Market Driver -

The increasing safety standards and need of low flaming plastics to propel the market growth.

Key Market Restraint -

High cost of development & production along with regulatory changes to restrict the market growth.

However, flame retardant thermoplastics are relatively costly and are subject to various regulations depending upon the applications. For instance, in electronic applications flame retardant thermoplastics have to be compliant to standards such as UL 94, UL 746, IEC 60112, IEC 60695, ISO 4589, etc.; similarly, for building and construction application, the materials need to be compliant with BS 476, EN 13501, EN 13823, DIN 4102, EN 11925, EN 9239, etc. This makes the development cost and overall cost of these plastics high. So the end-users, many a time prefer non-compliant and non-flame retardant plastics that negatively affects the market growth.

Market Segmentation:

Based on form, the market is segmented into Amorphous, and Crystalline. On the basis of material, the market is classified into Polyamide & blends, polycarbonate & blends, PBT/PET & blends, polyphenylene oxide & blends, polypropylene & blends, acrylonitrile butadiene styrene (ABS) & blends, and others (PC-ABS alloy, PC-polyester alloy, TPV, etc.). Based on application, the market is segmented into, Electric/Electronic and Household Appliances, Building & Construction, Transportation, Upholstered furniture and textiles and others.

From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global Flame Retardant Thermoplastics market is fairly fragmented with many key players operating in the global market. Some of the prominent manufacturers in the global Flame Retardant Thermoplastics include- Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro AG, DuPont, EMS-CHEMIE HOLDING AG, Idemitsu Kosan Co., Ltd., LANXESS AG, LATI Industria Termoplastici S.p.A., LG Chem, LOTTE ADVANCED MATERIALS CO., LTD, Mitsubishi Engineering-Plastics Corporation, RTP Company, SABIC, Solvay and others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in Flame Retardant Thermoplastics market


• New Product Launches, Expansions, Key Players


• Regulatory Landscape

Regional Analysis:

The global Flame Retardant Thermoplastics market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The Flame Retardant Thermoplastics market is dominated by the Asia-Pacific region on the back of China. Various regulatory changes in the last 5 years have affected the market growth and have compelled the manufacturers to develop new grades and alternatives. For instance, the ban on the use of brominated compounds in the manufacturing of flame retardant thermoplastics, due to environmental issues has slowed the market growth in the region. North America & Europe were the first to introduce such stringent norms and regulations to ensure environmental safety.

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This affected the manufacturers in the region too and compelled them to develop new grades of similar products. The demand in Europe region is predominantly driven by western European countries such as France, Germany, UK, etc. with central & eastern European countries accounting for relative low shares. However, the market growth in the region over the forecast period is expected to come from central & eastern European countries with low growths in developed markets of Western Europe. The stringent regulation in Middle East & Africa drives the market of flame-retardant thermoplastics. These regulations are applicable to major industries such as building & construction and transportation that creates growth opportunities. Latin America is expected to witness moderates growth in the market over the forecast period with the improving socio-political conditions in the region. 

Segmentation

Flame Retardant Thermoplastics Industry Developments

• In October 2019, SONGWON introduced new range of flame retardants. This new range is reported to halogen-free range of flame retardants.


• In September 2019, ICL-IP announced its plans to increase to increase the production capacity of bromine compounds for its customers in Asia. It is set to increase production capacity of FR1025, an environmentally-friendly polymeric flame retardant by about 50%.