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The global Flame-Retardant Plastics Market size was USD 46.26 Billion in 2021 and is expected to register a revenue CAGR of 3.7% during the forecast period. Rising demand for thermoplastics to reduce carbon emission, rising demand for flame retardant plastics in electrical and electronics sectors, high demand to reduce fire hazards in automotive and construction industries, and rising demand for non-halogenated polymers are the key factors driving the revenue growth of the market.
Flame retardants are chemical compounds that are used to prevent or delay the ignition/burning of Plastic. To avoid combustion, it is required to create a thermally stable polymer that is less likely to decompose into combustible gases when subjected to heat stress. The purpose of integrating flame retardant chemicals into polymers is to ensure that specific items are safer to use in terms of fire. Synthetic polymers have largely supplanted traditional materials in recent years, however, the majority of them are flammable and can burn in the presence of high heat and Oxygen. Therefore, it is crucial to use flame retardants for plastics so that they can create flame retardants that lessen the risks of fire. Increased fire resistance, reduced flame spread, and reduced heat release are the primary goals of flame retardancy.
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Top Lading Players: Covestro AG, DuPont, SABIC, Borealis AG, Huntsman Corporation, Olin Corporation, BASF SE, LyondellBasell, Showa Denko AA, HEXION Inc.
Upcoming Trends in Flame-Retardant Plastics Market:
Flame-retardant plastics are widely used in various applications such as electronics, construction, and automotive industries to reduce the risk of fire. With the growing concern for safety and increasing demand for lightweight materials, the flame-retardant plastics market is expected to see several upcoming trends in the near future.
Here are some of the upcoming trends in the flame-retardant plastics market:
Some Key Highlights from the Report:
Segments covered in the report:
Polymer Type Outlook (Revenue, USD Billion; 2019-2030)
Polymer Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
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Regional Outlook:
Key Questions Addressed in the Report:
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