The global low smoke halogen free flame retardant polypropylene market size was valued at USD 583.9 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030. Growing safety concerns regarding fire-related accidents have resulted in the rise in demand for polypropylene (PP)-based flame retardant products. Fire remains a major threat to the industrial and commercial sectors. To overcome these issues, various fire safety regulations are introduced globally. End-use industries need to comply with these regulations to sustain their market presence. There has been a rise in the use of polypropylene in key end-use industries, such as automotive, construction, and electrical. Flame retardant polymers, such as polypropylene, restrict the spread of fire and thus protect devices as well as the immediate environment.
Government regulatory support for halogen-free flame retardants is presumed to play a critical role in aiding the global market. Concerns regarding environment, health, and fire safety issues of halogen-based flame retardants are expected to result in a shift towards consumption of their halogen-free counterparts. The growth of major end-use industries such as construction and automobiles, particularly in emerging regions such as China, India, Russia, and Brazil, is slated to drive the regional as well as global market for low smoke halogen free flame retardant polypropylene.
However, the manufacturing of low smoke flame retardant PP products is a relatively expensive process, and volatility in raw material prices is expected to restrain industry expansion. On the other hand, technological advancements and the development of alternative raw materials are expected to open new avenues over the forecast period.
Companies are focusing on new technological innovations and launches to achieve product differentiation. Nanoparticle technology and the development of new polypropylene products are some of the results of these efforts. The growth of key end-use industries, such as construction, automotive, and electronics, due to rising population and disposable income, is also expected to contribute to the overall market growth for low smoke halogen-free flame retardant polypropylene.
The low smoke halogen-free flame retardant polypropylene market is characterized by the presence of a large number of participants. Production process optimization for efficient raw material utilization is an important characteristic of these participants. Recent technological advancements in plastic packaging ensure extended shelf life. Countries across the globe have formulated fire safety regulations, and end-use industries need to comply with them. This trend is expected to positively benefit the global low smoke halogen free flame retardant polypropylene market.
Asia Pacific dominated the market with a revenue share of 34.6% in 2022; moreover, this region is expected to expand at the fastest CAGR of 10.9% during the forecast period. The region has several potential developing & emerging countries such as India, China, Indonesia, Malaysia, Sri Lanka, and Thailand. These countries are witnessing major growth in their construction and electrical & electronics industries, due to which the low smoke PP market is also expected to grow.
An economic slowdown in China has resulted in the shift of all foreign investments in Southeast Asian countries. Due to this, there is a growth in the construction sector, owing to which the halogen-free PP industry is also growing. North America is also anticipated to grow at a lucrative rate during the forecast period. The region is one of the biggest manufacturers of the product on account of the presence of the latest technology, innovation, and effective government rules and regulation.
The construction segment accounted for the largest revenue share of 31.3 % in 2022. The construction industry is growing at a significant pace owing to its development in emerging and developing countries such as Brazil, Indonesia, Malaysia, Chile, Thailand, and India. The construction sector is a major contributor to the growth in the GDP of these countries.
The automotive segment is expected to expand at the fastest CAGR of 9.8% during the forecast period. With the growing trend and development of latest technologies, the demand for halogen-free PP products is rising in this sector. The application for flame retardant PP products in other areas such as industrial, textile, furniture, packaging, and labeling is also observing a steady growth. With rising fire safety concerns and increasing government regulations in this regard, these industries are also trying to develop new and advanced technologies.
Depending on the degree of polymer loading, their flame and chemical resistance may vary. Carbon fiber is expected to witness the highest growth rate in terms of demand, on account of its exceptional strength. However, the high processing cost associated with this material is expected to restrain its growth.
The low smoke halogen free flame retardant polypropylene (PP) industry is highly consolidated. The industry is dominated by a few big players. Many of these companies are regional and do not have a global presence. The technology for manufacturing products is highly cost-driven. Moreover, raw materials and initial investment costs are also very high. Due to this, it is tough for new companies to enter the market. The competition among giant companies is very high, resulting in high costs of the product. The presence of only a few manufacturers and distributors in the market makes it highly competitive.
In June 2022, Axalta Coating Systems, LLC, announced the release of Plascoat PPA571 FR (Flame-Retardant), a brand-new anti-corrosion coating solution designed to protect structures and save lives in the event of fires, building on years of expertise in the thermoplastics industry. Due to the absence of halogen components such as chlorine or bromine in Plascoat PPA571 FR, harmful emissions and their adverse effects on the environment are minimized
In November 2022, KIMYA released Kimya PC-FR, a novel high-performance and flame-resistant 3D-printing filament tailored for the transportation sector. This filament, a fire- & smoke-certified polycarbonate, possesses fire-resistant properties
In December 2022, SABIC and Cabka collaborated to develop the CabCube 4840 folding pallet box, introducing a range of thin, flame-resistant, and apparently recyclable polymer material options
Market size value in 2023
USD 637.1 million
Revenue forecast in 2030
USD 1,197.0 million
CAGR of 9.4% from 2023 to 2030
Base year for estimation
2018 - 2021
2023 - 2030
Volume in kilo tons, revenue in USD million, and CAGR from 2023 to 2030
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
North America; Europe; Asia Pacific; Central & South America; MEA
U.S.; Canada; Mexico; UK; Germany; France; Italy; Spain; Belgium; Russia; China; Japan; India; South Korea; Southeast Asia; Argentina; Brazil; South Africa; Saudi Arabia
Key companies profiled
Huber Engineered Materials; Israel Chemicals Ltd.; Chemtura Corporation; Clariant International Ltd.; BASF SE; Thor Group; Lanxess AG
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This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global low smoke halogen free flame retardant polypropylene market report on the basis of application and region:
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)
Electrical & Electronics
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)
Central & South America
Middle East & Africa
b. The global low smoke halogen free flame retardant polypropylene market size was estimated at USD 583.9 million in 2022 and is expected to reach USD 637.1 million in 2023.
b. The global polyolefin elastomers market is expected to grow at a compound annual growth rate of 9.4% from 2023 to 2030 to reach USD 1,197.0 million by 2030.
b. The construction segment accounted for the largest revenue share of 31.3 % in 2022. The construction industry is growing at a significant pace owing to its development in emerging and developing countries such as Brazil, Indonesia, Malaysia, Chile, Thailand, and India.
b. Major players present across the market include Huber Engineered Materials, Israel Chemicals Ltd., Chemtura Corporation, Clariant International Ltd., SABIC, KIMYA, and Laxness AG.
b. Growing safety concerns regarding fire-related accidents have resulted in the rise in demand for polypropylene (PP)-based flame retardant products.
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