North America Flame Retardant Thermoplastics Market Size, Share & Trends Analysis By Product (Polycarbonate, Polypropylene, Polystyrene), By Application (Electronics, Automotive, Construction, Industrial), And Segment Forecasts, 2022 - 2030

Industry Insights

The North America flame retardant thermoplastics market size was valued at USD 3.7 billion in 2021 and is expected to expand at a CAGR of 4.8% in the forecast period from 2022 to 2030. Recent developments in the electrical & electronics and automotive & transportation industry are likely to drive the demand for thermoplastics in these application segments. 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 for expanding 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 anticipated 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.

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 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.

Building & construction industry in Canada is witnessing lucrative growth opportunities. The low cost involved in a facility setup and availability of labor at low cost in comparison with that of the U.S. are the factors that are attracting the attention of the manufacturers to set up their plants in Canada.

In addition, investments by the government of Canada in infrastructure development are also expected to boost the growth of the construction industry in the country, thereby, creating a high demand for flame retardant thermoplastics during the forecast period.

Product Insights

In terms of value, Acrylonitrile butadiene styrene (ABS) emerged as the largest product segment and accounted for more than 34.0% of the market in 2021. Its properties, such as high strength, rigidity, dimensional stability, and low cost over other substitutes make it suitable for the various industries. The lighter weight of ABS also results in ease of usage and transport.

ABS is widely used in electrical & electronics and automotive & transportation application and is gaining popularity owing to its high strength, rigidity, and dimensional stability. ABS is a tough flame-retardant thermoplastic material and is resistant to physical impact, corrosive chemicals, and heat. Thermoplastics, such as ABS, liquefy, which allows them to be easily injected, molded, and recycled. However, ABS is not used in high-heat situations because of its low melting point. LEGO toys and computer keyboards are also significant applications for Acrylonitrile butadiene styrene thermoplastic compounds

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. Polycarbonate is tough & strong and some grades of the plastic are even optically transparent, making it easy to be engineered. Polycarbonate materials are produced by the overall reaction of phosgene and bisphenol A (BPA).

Owing to its chemical and mechanical properties, polypropylene is extensively used in manufacturing automotive components, packaging & 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 thermoplastics across the globe.

Country Insights

The growing building & construction industry in the U.S. is expected to significantly contribute to the growth of the flame-retardant thermoplastics market. 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 the building & construction industry for commercial & industrial applications. The 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.

The Electrical & electronics industry in the U.S. is growing due to the increasing demand for electronics equipment from the 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., 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 fuel the growth of the flame-retardant thermoplastics market during the forecast period

The growth of the construction industry, including residential, industrial, and commercial construction, in Mexico is anticipated to contribute to the growth of the flame retardant thermoplastics market during the forecast period. Reconstruction and development of urban infrastructure in marginalized communities are expected to provide major growth opportunities for flame retardant thermoplastics in the building & construction industry.

North America Flame Retardant Thermoplastics Market Share Insights

Most of the key players operating in the North America flame retardant thermoplastics market 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 & 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 during the coming years. Some of the prominent players in the North America Flame Retardant Thermoplastics Market 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 CO., INC.

• Koninklijke DSM N.V.

• Teknor Apex

North America Flame Retardant Thermoplastics Market Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2019 to 2030. For this study, Grand View Research has segmented the North America Flame Retardant Thermoplastics Market report based on the product, application, and country:

• Product Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • 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

      • 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, 2019 - 2030)

  • U.S.

  • Canada

  • Mexico