Global Flame Retardant Thermoplastics Market By Application (Textiles & Clothing, Defence & Aerospace, Building & Construction, Electrical & Electronics, Automotive & Transportation, Industrial, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global Flame Retardant Thermoplastics Market is expected to grow with a moderate CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This moderate rise of market value can be attributed to the growth of the various end-user industries demanding enhanced and protective products.
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Key Market Competitors: Global Flame Retardant Thermoplastics Market
Few of the major competitors currently working in the flame retardant thermoplastics market are RTP Company; Proto Labs; Ampacet Corporation; LANXESS; Radici Partecipazioni SpA; Clariant; BASF SE; J.M. HUBER CORPORATION; SABIC; Teknor Apex; Albemarle Corporation; LyondellBasell Industries Holdings B.V.; A. Schulman, Inc.; ICL; Plastics Color Corporation; PolyOne Corporation; Asahi Kasei Corporation; Koninklijke DSM N.V.; The Dow Chemical Company; PMC Group, Inc. and WASHINGTON PENN PLASTIC CO., INC.
Market Definition: Global Flame Retardant Thermoplastics Market
Flame retardant thermoplastics are a type of plastic polymer additives that are utilized and included in the production of various end-use products and materials to transform them as flame retardant and protected against fire. Once in contact with fire, they release gas which prohibit the supply of oxygen between the flames, the second type of phase is the solid phase where the form an isolated layer between the supply of oxygen and fire prohibiting it from expanding and the third phase is the cooling where the additives release moisture and water where the surface under fire is cooled down and the fire is extinguished.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Market Drivers:
- Increasing levels of urbanization and industrialization resulting in growth of construction activities; this factor is expected to act as a driver for the market growth
- Increasing concern regarding the safety of individuals and protection of property from fire have resulted in high demand of flame retardant products and solutions; this factor is expected to positively affect the market growth
Market Restraints:
- Imposing strict regulations from the authorities of various regions regarding the materials used in the production is expected to act as a restraint the market growth
Segmentation: Global Flame Retardant Thermoplastics Market
- By Application
- Textiles & Clothing
- Defence & Aerospace
- Building & Construction
- Electrical & Electronics
- Automotive & Transportation
- Industrial
- Others
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Key Developments in the Market:
- In August 2018, LyondellBasell Industries Holdings B.V. announced that they had completed the acquisition of A. Schulman, Inc. This acquisition is expected to strengthen and complement the already existing product portfolio of LyondellBasell. It will also help in providing products to an even broader end-user segment.
- In April 2017, LANXESS announced that they had completed the acquisition of Chemtura. This acquisition is expected to help LANXESS expand their additives business and also help in providing improved products for flame retardant to the end-users.
Competitive Analysis: Global Flame Retardant Thermoplastics Market
Global flame retardant thermoplastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flame retardant thermoplastics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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