North America $116 Million Flame Retardant Thermoplastics Market Analysis 2017-2018 & Forecast to 2025
DUBLIN, Nov. 16, 2018 /PRNewswire/ --
The "North America Flame Retardant Thermoplastics Market Analysis Report By Application (Electrical & Electronics, Transportation), By Product (Amorphous, Crystalline), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The North America flame retardant thermoplastics market size is expected to reach USD 116 million by 2025
The market is estimated to expand at a CAGR of 3.3% during the forecast period. Rising demand for flame retardant materials from end-use industries in North America due to high awareness levels regarding fire safety products is driving the regional market. Major consumers include construction, transportation, and electrical and electronics sectors.
Demand for plastic components across various industries, such as automobiles, marine, and aerospace, to reduce the overall size and weight of the vehicle, demands more flame retardant thermoplastic compounds. Electrical and electronics led the North America flame retardant thermoplastics market in 2017 and is anticipated to maintain its dominance over the forecast period. Flame retardant materials are widely used in this industry and its degree is dependent on product function, materials, and the fire resistance level needed to be achieved.
Electrical and electronics products, such as laptops, smartphones, TV sets, refrigerators, and printed wiring boards, are subject to high degree of fire risk. Thus, flame retardant additives are used in wiring components to reduce the risks of device explosion. Rising disposable income in the region is contributing toward the growth of the electrical and electronics sector, which, in turn, will benefit the North America flame retardants market over the forecast period.
Further key findings from the study suggest:
- U.S. led the North America flame retardant thermoplastics market. Positive outlook of the plastic industry in the region is expected to benefit the flame retardant thermoplastics market
- Amorphous flame retardant was the dominant product segment in 2017. These materials change viscosity when heated and exhibit isotropic flow as well as lower mold shrinkage
- Transportation is the fastest-growing application segment. Rising production of passenger and commercial vehicles in North America is expected to boost product demand
- Key companies in the market include Teknor Apex Company; Royal DSM; Washington Penn Plastics Co., Inc.; Asahi Kasei Plastics North America, Inc.; SABIC; A Schulman; PolyOne Corporation
- Several major companies focus on M&A activities, technological innovations, and other strategies to strengthen their market position
- For example, in June 2017, BASF announced the increase of propionic acid production capacity at its Verbund manufacturing site by 30,000 metric tons. The expansion is jointly headed by BASF and Sinopec and is expected to start production by 2019.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Market size and growth prospects, 2014 - 2025
3.3 North America flame retardant thermoplastics value chain analysis
3.4 Raw material trends
3.5 Technology overview
3.6 Regulatory framework
3.6.1 UL 94 Standards
3.7 North America flame retardant thermoplastics market dynamics
3.7.1 Market driver analysis
3.7.1.1 Halogen-free flame retardant thermoplastic driving growth in North America
3.7.1.2 Growth of key end-use industries are estimated to fuel overall flame retardant thermoplastics demand
3.7.2 Market restraints analysis
3.7.2.1 Halogenated flame retardant thermoplastics outperform non-halogenated counterparts
3.7.2.1 Stringent government regulations in the region in line to the chemicals used
3.8 Key opportunities prioritized
3.8.1 New market avenues & recent trends
3.9 Industry analysis - Porter's
3.10 North America flame retardant thermoplastics market - PESTEL analysis
Chapter 4 North America Flame Retardants Market: Product Estimates & Trend Analysis
4.1 Product market introduction, 2017 & 2025
4.2 Amorphous polymers
4.3 Crystalline polymers
Chapter 5 North America Flame Retardant Thermoplastics Market: Application Estimates & Trend Analysis
5.1 Application market introduction, 2017 & 2025
5.2 Electrical & electronics
5.3 Transportation
5.4 Construction
5.5 Industrial
5.6 Others
Chapter 6 North America Flame Retardant Thermoplastics Market: Country Estimates & Trend Analysis
6.1 Country market introduction, 2017 & 2025
6.2 U.S.
6.3 Canada
6.4 Mexico
Chapter 7 Competitive Landscape
7.1 Company heat map analysis
7.2 Vendor landscape
7.3 Competitive environment
7.4 Strategy framework
Chapter 8 Company Profiles
- BASF SE
- Chemtura
- The Dow Chemical Company
- ICL Corporate
- Huber Engineered Materials
- RTP Company
- Clariant
- Plastic Color Corporation
- PMC Polymer Products
- R. J. Marshall Company
- Albemarle Corporation
- PolyOne
- A Schulman
- SABIC
- Asahi Kasei Plastics
- Washington Penn Plastics
- DSM
- Teknor Apex Company
For more information about this report visit https://www.researchandmarkets.com/research/8v3f4m/north_america?w=5
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