Global Flame Retardants Market for Engineering Resins Market to reach USD 2.60 million by 2027.Global Flame Retardants Market for Engineering Resins Market is valued approximately at USD 1.59 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2021-2027. Global Flame Retardants Market for Engineering Resins is a type of diverse group of chemicals that are added for manufacturing materials, such as plastics, textiles surface finishes etc. The global Flame Retardants market for engineering Resins market is being driven by increase in number of fire incidents as well as strict fire safety guidelines and the huge demand for engineering plastics in various industries. Furthermore, introduction of more effective synergist compounds and rising demand for consumer electronics worldwide, will provide new opportunities for the global Flame Retardants Market for Engineering Resins industry. For instance, According to the national fire protection association in 2019, in United states in every 93 seconds, a new home fire was reported due to which a home fire death recorded in every 3 hours and home fire injured occur in every 43 minutes. As a result, increased incidences of fire will serve as a catalyst for the Flame Retardants industry in the future. However, high loading levels of mineral-based flame retardants as well as harmful chemicals used in flame retardants may impede market growth over the forecast period of 2021-2027.
Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions considered for the regional analysis of Flame Retardants Market for Engineering Resins market. The Stringent and increasing environmental regulations and strict standards set by other regulatory authorities make North America the leading region across the world in terms of market share. Whereas Asia pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing demand for flame retardants market for engineering resins applications in the region.
Major market player included in this report are:
Albemarle Corporation
Clariant AG
Lanxess AG
Basf SE
Israel chemicals Ltd
Dupont DE Nemours Inc.
Nabaltec AG
Huber engineered materials
Italmatch chemicals S.P.A
RTP company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Brominated Flame Retardants
Phosphorous Flame Retardants
Other flame Retardants
By Application:
Polyamide
ABS
PET & PBT
Polycarbonate,
PC/ABS Blends,
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Flame Retardants Market for Engineering ResinsMarket in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors