The report “Flame Retardant Market for Engineering Resins Market by Type (Brominated, Phosphorous), Application (Polyamide, ABS, PET & PBT, PC/ABS Blends), End-use Industries (Electrical & Electronics, Automotive & Transportation) & Region – Global Forecast to 2029″, size is USD 2.0 billion in 2024 to USD 2.9 billion by 2029, at a CAGR of 7.6% from 2024 to 2029. Flame retardant for engineering resins Flame retardants for engineering resins are used to enhance the fire resistance of materials such as ABS, PET & PBT, PC/ABS Blends, polycarbonate, polyamide, and others. They are added to reduce the flammability of these resins and meet safety regulations in various industries, including automotive & transportation, electrical & electronics, and other end-use industries. With ever increasing demands in the industry, flame retardant for engineering resins continue to evolve and become more innovative to meet these demands.
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- 423 Market data Tables
- 58 Figures
- 346 Pages and in-depth TOC on “Flame Retardant Market for Engineering Resins Market – Global Forecast to 2029”
Some of the prominent key players are:
· Albemarle Corporation (US)
· LANXESS AG (Germany)
· BASF SE (Germany)
· Israel Chemicals Ltd. (Israel)
· Huber Engineered Materials (US)
· Clariant AG (Switzerland)
· DuPont De Nemours, Inc. (US)
· Nabaltec AG (Germany)
· Italmatch Chemicals S.p.A (Italy)
· RTP Company (US)
· Chemische Fabrik Budenheim KG (Germany)
Driver: global rise in fire incidents
The global rise in fire incidents serves as a significant driver in the flame-retardant market for engineering resins. With increasing urbanization and industrialization, the risk of fires in various sectors, including automotive, construction, and electronics, has escalated. As a result, there is a heightened demand for flame retardant materials to enhance fire safety measures and comply with stringent regulations. Engineering resins fortified with flame retardant additives offer effective solutions to mitigate fire risks, driving their adoption across industries and fueling growth in the flame-retardant market.
“Based on end-use industry, electrical & electronics segment was the largest market for flame retardant market for engineering resins , in terms of value, in 2023.”
The electrical & electronics segment stood out as a primary end-use industry for flame retardant for engineering resins, due to its several factors. Firstly, the increasing demand for electronic devices across various sectors drove the need for flame retardant materials to ensure safety and regulatory compliance. Secondly, advancements in technology and the proliferation of electronic components in everyday products further boosted the demand for engineering resins with enhanced fire resistance properties. Additionally, stringent safety standards and regulations in the electrical and electronics industry mandated the incorporation of flame-retardant additives in engineering resin formulations, solidifying their dominant position in the market segment.
“North America is estimated to be the largest region in flame retardant market for engineering resin in 2023, in terms of value.”
North America is poised to lead the flame-retardant market for engineering resins in 2023, primarily owing to its robust industrial landscape. Key sectors like automotive & transportation, electrical & electronics, and others, which are pivotal users of flame retardant for engineering resins, drive demand across the region. The region’s strong manufacturing infrastructure and technological advancements facilitated the production of top-tier flame retardant engineering resins. The presence of major industry players and well-established distribution networks reinforced North America’s leadership in the flame-retardant engineering resins market. The region houses major flame-retardant market for engineering resins producing companies, such as Albemarle Corporation (US), and Huber Engineered Materials (US).