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International market research institute ResearchAndMarkets.
com recently released a flame retardant plastics market report that the global flame retardant plastics market size is expected to exceed $55 billion by 2024, with a compound annual growth rate of about 4%
during the period.
The report believes that the future of the flame retardant plastics market is promising, bringing opportunities
in the electrical and electronics, building and construction, transportation, wire and cable, pipe and tank, aerospace and defense, and marine industries.
The market is mainly driven by stringent government regulations on fire safety, increasing consumption of flame-retardant plastics in the electrical and electronics market, and increasing
demand for the halogen-free wire and cable market.
Analysts predict that polyurethane will remain the largest flame retardant plastic polymer segment
during the forecast period due to the increasing demand for polyurethane foam in the construction, construction, and transportation industries.
Meanwhile, polyolefins are expected to witness the highest growth
during the forecast period due to the growing demand for halogen-free and low-smoke wire and cable.
In this market, flame-retardant plastics for wire and cable are expected to witness the highest growth
during the forecast period due to the growing demand for flame-retardant plastic insulation materials for power cables such as underground cables.
Asia Pacific will remain the largest regional market and is also expected to witness the highest growth during the forecast period due to the growth
in building and construction activities and increasing vehicle production.
International market research institute ResearchAndMarkets.
com recently released a flame retardant plastics market report that the global flame retardant plastics market size is expected to exceed $55 billion by 2024, with a compound annual growth rate of about 4%
during the period.
The report believes that the future of the flame retardant plastics market is promising, bringing opportunities
in the electrical and electronics, building and construction, transportation, wire and cable, pipe and tank, aerospace and defense, and marine industries.
The market is mainly driven by stringent government regulations on fire safety, increasing consumption of flame-retardant plastics in the electrical and electronics market, and increasing
demand for the halogen-free wire and cable market.
Analysts predict that polyurethane will remain the largest flame retardant plastic polymer segment
during the forecast period due to the increasing demand for polyurethane foam in the construction, construction, and transportation industries.
Meanwhile, polyolefins are expected to witness the highest growth
during the forecast period due to the growing demand for halogen-free and low-smoke wire and cable.
In this market, flame-retardant plastics for wire and cable are expected to witness the highest growth
during the forecast period due to the growing demand for flame-retardant plastic insulation materials for power cables such as underground cables.
Asia Pacific will remain the largest regional market and is also expected to witness the highest growth during the forecast period due to the growth
in building and construction activities and increasing vehicle production.
