North America Flame Retardant Thermoplastics Market Size, Share & Trends Analysis By Product (Acrylonitrile Butadiene Styrene, Polycarbonate, Polypropylene, Polystyrene), And Segment Forecasts, 2020 - 2027

Report Overview

The North America flame retardant thermoplastics market size was valued at around USD 3.5 billion in 2019. Recent developments in the electrical and electronics and automotive and transportation industries are likely to drive the demand for thermoplastics. Increasing the use of environment-friendly and energy-saving products is also expected to influence the market positively.

Ongoing research and developments in nanotechnology-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 for expanding the product application scope are projected to foster demand.

Rising utilization of flame-retardant thermoplastics in the electrical and electronics, automotive and transportation, building and construction, and industrial application sectors is anticipated to push manufacturers to backward integration in the value chain over 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.

Flame retardant thermoplastics manufacturers are expanding in terms of production capacity and infrastructure with an aim to cater to the growing market requirements. Moreover, many of the product manufacturing companies are using acquisition and partnership strategies for procuring raw materials. Mergers and joint ventures are an integral part of this market and allow companies to expand their market position.

Product Insights

In terms of volume, Acrylonitrile Butadiene Styrene (ABS) emerged as the largest product segment and accounted for 37.4% of the North America Flame Retardant Thermoplastics market in terms of volume in 2019. Properties of ABS, such as high strength, rigidity, dimensional stability, and low cost make it suitable for various industries. The lighter weight of ABS also results in ease of usage and transport.

The demand for polycarbonate in electrical and electronics and automotive and transportation applications has been tremendously rising over the recent past. It is easily mouldable and flexible, making it an ideal material for thermoforming applications.

Polypropylene, owing to its chemical and mechanical properties, is extensively used in manufacturing automotive components, packaging and labeling, medical devices, and diverse laboratory equipment among various others. It is resistant to several chemical solvents, acids, and bases and has excellent mechanical strength. It is also among the most highly formulated thermoplastic across the globe.

Country Insights

Growing building and construction industry in the U.S. is anticipated to significantly contribute to the growth of demand for flame-retardant thermoplastics. In recent years, the construction industry has witnessed favorable growth in the U.S. on account of increasing infrastructural developments.

Flame retardant thermoplastics are finding increased utilization in building and construction industry for commercial and industrial applications. Construction industry in the U.S. is expected to observe growth owing to new import tariffs, changing trade deals, a strong economy, proliferation of mega projects, focus on smart cities, and increasing household construction.

Electrical and electronics industry in the U.S. is growing on account of increasing demand for electronics equipment from gaming industry. According to Game Industry Biz, the global gaming industry was worth USD 135 billion in 2018 and is continuously growing.  

Major companies, such as Electronic Arts Inc.; Nintendo; Zynga; and Activision Publishing, Inc., in gaming industry organize global gaming tournaments that require construction of various game zones for practicing games. Thus, growing gaming industry is expected to fuel the market growth over the forecast period

North America Flame Retardant Thermoplastics Market Share Insights

Most of the key players have integrated their raw material production and distribution operations to maintain product quality and expand regional reach. This provides companies a competitive advantage in the form of cost benefits thus increasing the profit margin. Companies are undertaking research and development activities to develop new products to sustain market competition and changing end-user requirements.

Research activities focused on new materials, which combine several properties, are projected to gain wide acceptance in this industry in the coming years. Some of the prominent companies manufacturing these products include 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; Koninklijke DSM N.V.; and Teknor Apex.

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the North America flame retardant thermoplastics market report on the basis of product and country:

• Product Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)

  • Acrylonitrile Butadiene Styrene (ABS)

  • Electrical & Electronics

    • Housings

    • Switches

    • Sockets

    • Enclosures

    • Others

  • Automotive & Transportation

    • Engine Covers

    • Interior System

    • Chassis Suspension System

    • Other Components

  • Building & Construction

  • Industrial

  • Others

  • Polycarbonate (PC)

    • Electrical & Electronics

      • Housings

      • Switches

      • Sockets

      • Enclosures

      • Others

    • Automotive & Transportation

      • Engine Covers

      • Interior System

      • Chassis Suspension System

      • Other Components

    • Building & Construction

      • Flooring

      • Roofing

      • Others

    • Industrial

    • Others

  • Polypropylene (PP)

    • Electrical & Electronics

      • Housings

      • Switches

      • Sockets

      • Enclosures

      • Wires and Cables

      • Battery

      • Others

    • Automotive & Transportation

      • Engine Covers

      • Interior System

      • Chassis Suspension System

      • Other Components

    • Building & Construction

      • Flooring

      • Roofing

      • Insulation

      • Others

    • Industrial

    • Others

  • Polystyrene (PS)

    • Electrical & Electronics

      • Housings

      • Switches

      • Sockets

      • Enclosures

      • Others

    • Automotive & Transportation

      • Engine Covers

      • Interior System

      • Chassis Suspension System

      • Other Components

    • Building & Construction

      • Flooring

      • Roofing

      • Insulation

      • Others

    • Industrial

    • Others

• Country Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)

  • The U.S.

  • Canada

  • Mexico