The North America flame retardant thermoplastics market size was estimated at USD 89.4 million in 2017 and is projected to expand at a CAGR of 3.3% during the forecast period. Growing demand forhalogen-free flame retardant thermoplastic coupled with rapidly expanding end-use industries, such as electrical and electronics and construction, in the region is likely to drive the market growth.
Rising awareness regarding the importance of flame retardant materials is also benefitting the market growth. Development of advanced and high-performance products, which do not alter the properties of the base products has extended the scope of application. This is also estimated to contribute toward the market growth.
The manufacturers are focusing on developing non-halogenated materials owing to strict regulations regarding chemicals and plastics usage in the region. These regulations also offer primitive penetration scope for market entrants.
Several multinationals with their operations in North America, are focusing on innovating new products, which are more eco-friendly and less harmful to human health, by investing heavily in R&D activities. The regional market also receives high investment from foreign allied industry investors to culture technology, thereby serving a wider consumer base.
Electrical and electronics led the market in 2017. Flame retardant materials are used a variety of electrical and electronics products, such as laptops, smartphones, TV sets, refrigerators, vacuum cleaners, and printed wiring boards.
Transportation is the fastest-growing application segment in the market. High demand for passenger cars is expected to help boost the segment growth. The segment is also benefiting from the presence of large number of manufacturers in North America.
Amorphous segment led the market and will expand at a healthy CAGR over the forecast period.The amorphous product demand is driven by their ability to exhibit lower mold shrinkage and less tendency to wrap compared to crystalline materials. The ease of compounding and adequate thermal stability offered by these materials also help boost their demand. ABS and HIPS are the major amorphous flame retardants thermoplastics consumed in North America. ABS is one of the fastest-growing sub-segment due to high demand in construction and electrical manufacturing.
Crystalline flame retardant thermoplastics was the fastest-growing product segment accounting for over 40% of the overall volume in 2017. The high temperature and chemical resistance of these materials is driving their demand in industrial and construction applications. They are also used in electricals as they exhibit good strength and flexibility. Polyolefin, such as Polypropylene (PP) and Polyethylene (PE), are widely used in industries, such as electrical and electronics and construction as they possess high flame-retardant loading capacity.
U.S. is one of the major markets for thermoplastics. The positive outlook for plastic industry is expected to benefit the North America flame retardant thermoplastics market. The demand for value added plastics is on the rise and with rising investment in downstream products fire retardant materials are expected to witness high production over the forecast period.
Key participants include BASF SE, Chemtura Corporation, The Dow Chemical Company, Israel Chemicals Ltd., Huber Engineered Materials, RTP Company, Clariant International Ltd., and Plastics Color Corporation. Several multinationals with their operations in North America, are focusing on introducing eco-friendly products that have lesser adverse effects on human health. The industry also receives high investment from foreign allied industry investors to culture technology, thereby serving a wider consumer base.
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Attribute |
Details |
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Base year for estimation |
2017 |
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Actual estimates/Historical data |
2014 - 2016 |
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Forecast period |
2018 - 2025 |
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Market representation |
Volume in kilotons and Revenue in USD Million and CAGR from 2018 to 2025 |
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Report coverage |
Revenue forecast, competitive landscape, growth factors and trends |
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Country Scope |
U.S., Canada, and Mexico |
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15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue and volume growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the North America flame retardant thermoplastics market report on the basis of product, application, and country:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Amorphous Polymers
Crystalline Polymers
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
Electrical & Electronics
Transportation
Construction
Industrial
Others
Country Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
U.S.
Canada
Mexico
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