Scienza e Tecnologia
Flame-Retardant Resin Market in the Composites Industry to Reach US$ 7.0 Billion in 2026, Says Stratview Research
Flame retardants are substances that are activated by the presence of an ignition source and are designed to control the spread of ignition through a variety of physical and chemical methods. They can be either introduced as a co-polymer during the polymerization process, afterward added to the polymer during the molding or extrusion process or applied as a topical finish. Flame retardancy in resins is of paramount significance, especially where fire, smoke, and toxicity (FST) and high-temperature properties are the primary requirements. It is estimated that FR resin is likely to remain one of the most important resin types in the overall composite resins market in the forthcoming years.
The FR resin market is a unique business with usage in specific applications. The COVID pandemic had different impacts on the demand for FR resins in different applications/industries. For instance, aerospace & defense, transportation, and marine were some of the major markets that recorded hefty declines in 2020. However, the E&E industry, the biggest demand generator for FR resins, registered growth in that trying time, offsetting the declines of other market segments. The FR resin market in the composites industry witnessed a contracted growth of 2% from 2019 to 2020). In the long run, . The primary growth drivers are the stringent fire and safety standards along with the increased need for FR4 laminates in the electronics industry.
https://www.stratviewresearch.com/toc/197/flame-retardant-resin-market-in-the-composites-ind.html
Based on end-use industry type, the FR resin market in the composites industry is segmented as marine, transportation, electrical & electronics (E&E), building & construction, aerospace & defense, pipe & tank, and others. Over the next five years, . In the E&E business, the FR resins are largely used in the manufacturing of printed circuit boards (PCB). The PCBs are made with a variety of laminates, including paper, FR-4, CEM, and polyamide. The most prevalent varieties are FR-4 and CEM, both of which predominantly use FR epoxy resins.
Based on the resin type, . The FR epoxy resins have several superior properties, including strength, adhesiveness, adaptability, moisture absorbency, and minimal volumetric shrinkage, because of which, this resin is gaining popularity in the composites market. The most common application for FR epoxy resins is printed circuit boards (PCBs).
In terms of fiber type, . The fiber type is extremely preferred across all the end-use industries. The 'other fibers' segment is expected to grow at a higher pace, during the forecast period, driven by the increasing penetration of carbon composites due to a higher requirement of lightweight components.
In terms of regions, . This is because of several factors including the gradual shift of the E&E industry from the developed global economies to the developing countries in Asia , rising demand for high-speed trains and metro rails, indigenous development of commercial and regional aircraft, and increased construction activities. In the forthcoming years, the region is also likely to remain the most appealing market across the globe.
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Following are the key players in the FR resin market in the composites industry:
In recent years, there were several key strategic alliances and M&As in the market with the purpose to strengthen product portfolio, widen geographical reach, increase the customer base, enhance product development and technical capabilities, etc. For example, in 2019, INEOS acquired the composites business of Ashland Global Holdings Inc. This transaction, when combined with Ashland's cost reduction program, helped Ashland to be in a better position to deliver sustained growth earnings and significant value for shareholders. In addition, in 2020, Huntsman Advanced Materials completed the acquisition of CVC Thermoset Specialties (CTS), a North American specialty chemical manufacturer, serving industrial composites, adhesives, and coating markets.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the flame-retardant resin market in the global composites industry and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
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