North America Flame Retardant Thermoplastic Market Is Expected To Reach $ 5.66 Billion By 2030


 San Francisco, 21 March 2024: The Report North America Flame Retardant Thermoplastic Market Size, Share & Trends Analysis Report By Product (Acrylonitrile Butadiene Styrene, Polycarbonate, Polypropylene, Polystyrene), By Country, And Segment Forecasts, 2024 - 2030

The North America flame retardant thermoplastics market size is anticipated to reach USD 5.66 billion by 2030 and it is projected to grow at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increase in use of environment-friendly and energy-saving products is also expected to influence the market positively. Ongoing research & developments in technology-based flame retardant thermoplastics are likely to boost the market growth as they offer excellent strength and thermal resistance with lower thickness. Technological breakthroughs, innovations, and studies carried out to expand the product’s application scope are projected to foster the demand.

Rising utilization of flame-retardant thermoplastics in the electrical & electronics, automotive & transportation, building & construction, and industrial application sectors is expected to push the manufacturers to backward integration in the value chain during the coming years. Greater participation in the value chain is likely to result in time reduction for transforming raw materials into finished products and in gaining cost advantage.

Increasing fire safety regulations and rising demand for lightweight and high-performance materials are expected to propel the demand of flame retardant thermoplastics market in North America. Stringent fire safety regulations across the region are mandating the use of flame retardant materials across numerous industries such as building & construction, electrical & electronics, and consumer goods.

Flame retardant additives are anticipated to increase the production costs of flame retardant thermoplastics, impacting their prices and market competitiveness. In addition, some flame retardant additives negatively impact the mechanical properties of thermoplastics requiring high optimization to maintain desired performance.

Access Research Report of North America Flame Retardant Thermoplastic Market @ https://www.grandviewresearch.com/industry-analysis/north-america-flame-retardant-thermoplastics-market

North America Flame Retardant Thermoplastic Market Report Highlights

  • In terms of product, the Acrylonitrile butadiene styrene (ABS) segment dominated the market in 2023 with a largest revenue share of 34.0%. The properties of ABS resin, such as high strength, rigidity, dimensional stability, and low cost over other substitutes make it suitable for various industries.
  • In terms of product, the demand for polycarbonate in electrical & electronics and automotive & transportation applications has been tremendously rising in the recent past. It is easily moldable and flexible, making it an ideal material for thermoforming applications
  • Major companies, such as Electronic Arts Inc., Nintendo, Zynga, and Activision Publishing, Inc., among others, in the gaming industry organize global gaming tournaments that require the construction of various game zones for practicing games. Thus, the growing gaming industry is expected to grow the fastest CAGR of the North America flame-retardant thermoplastics market during the forecast period.

North America Flame Retardant Thermoplastic Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 4.26 billion

Revenue forecast in 2030

USD 5.66 billion

Growth rate

CAGR of 4.9% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players in the North America Flame Retardant Thermoplastic Market

  • BASF SE
  • LANXESS
  • Dow Inc.
  • ICL
  • RTP Company
  • Huber Engineered Materials
  • Clariant AG
  • Plastics Color Corporation
  • Albemarle Corporation
  • PolyOne Corporation
  • SABIC
  • Asahi Kasei Corporation
  • WASHINGTON PENN PLASTIC CO., INC.
  • Koninklijke DSM N.V.
  • Teknor Apex

Access Press Release of North America Flame Retardant Thermoplastic Market @ https://www.grandviewresearch.com/press-release/north-america-flame-retardant-thermoplastics-market-analysis

 

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