The global flame retardant plastics market is projected to be worth USD 61.87 Billion by 2027, according to a current analysis by Emergen Research. The flame retardant plastics market is observing high demand attributed to the growing demand from the aerospace and defense sector. A rise in the number of flying hours necessitates the implementation of enhanced safety measurements for on-flight passengers, crew, and valuables. Fire hazards in an aircraft are a leading cause of aircraft accidents and maybe averted by deploying an appropriate flame retardant plastic in the design and manufacturing of an aircraft and interior furnishing. Besides, the use of flame retardant plastic makes the aircraft lightweight and decreases fuel consumption, thereby improving the mileage.
Some of the key factors driving the growth of the global Flame Retardant Plastics market include expanding RD efforts to develop novel Flame Retardant Plastics products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Flame Retardant Plastics
The COVID-19 pandemic had a significant negative influence on the market for Flame Retardant Plastics in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Flame Retardant Plastics were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Flame Retardant Plastics in 2020. Additionally, demand for Flame Retardant Plastics decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Flame Retardant Plastics market : Competitive Landscape
The prominent players operating in the Flame Retardant Plastics market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Flame Retardant Plastics market .
Some of the prominent players operating in the market are:
Covestro AG, DuPont, SABIC, Borealis AG, Huntsman Corporation, Olin Corporation, BASF SE, LyondellBasell, Showa Denko AA, HEXION Inc.
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Flame Retardant Plastics market ?
What are the key factors driving the Global Flame Retardant Plastics market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Flame Retardant Plastics market ?
Who are the distributors, traders, and dealers of Flame Retardant Plastics market ?
What are the Flame Retardant Plastics market opportunities and threats faced by the vendors in the Global Infrared detector industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
Polymer Type Outlook (Revenue, USD Billion; 2017-2027)
- Polyvinyl Chloride
- Polyolefin
- Polyurethane
- Acrylonitrile Butadiene Styrene
- Polycarbonate
- Epoxy
- Polyester
- Others
Polymer Group Outlook (Revenue, USD Billion; 2017-2027)
- Thermoset
- Thermoplastic
Application Outlook (Revenue, USD Billion; 2017-2027)
- Aerospace Defense
- Electrical Electronics
- Wire Cable
- Pipe Tank
- Transportation
- Building Construction
- Marine
- Others
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Regional Bifurcation of the Flame Retardant Plastics market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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