North America Flame Retardant Thermoplastics Market Report

North America Flame Retardant Thermoplastics Market Analysis Report By Application (Electrical & Electronics, Transportation), By Product (Amorphous, Crystalline), And Segment Forecasts, 2018 - 2025

  • Published Date: Oct, 2018
  • Base Year for Estimate: 2017
  • Report ID: GVR-2-68038-478-9
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 99

Industry Insights

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.

U.S. flame retardant thermoplastics market

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.

Application Insights

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.

Product Insights

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.

North America flame retardant thermoplastics market

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.

Country Insights

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.

North America Flame Retardant Thermoplastics Market Share Insights

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.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in kilotons and Revenue in USD Million and CAGR from 2018 to 2025

Report coverage  

Revenue forecast, competitive landscape, growth factors and trends

Country Scope

U.S., Canada, and Mexico

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Segments Covered in the Report

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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