Scienza e Tecnologia
Flame Retardants for Engineering Resins Market worth $3.2 billion by 2030 - Exclusive Report by MarketsandMarkets™
Flame retardants for engineering resins are used to enhance the fire resistance of materials such as ABS, PET & PBT, PC/ABS blends, polycarbonate, and polyamide. They are added to reduce the flammability of these resins and meet safety regulations in various industries, including automotive & transportation and electrical & electronics. With ever-increasing demands in the industry, flame retardants for engineering resins continue to evolve and become more innovative to meet the demands.
The brominated flame-retardant segment is estimated to account for the largest share of the overall flame retardants for engineering resins market in 2024. This large market size is attributed to its high effectiveness in reducing flammability and wide availability. Despite growing concerns over their environmental and health impacts, they continue to dominate the market owing to their proven efficacy and relatively lower cost compared to alternatives. Growing demand for electronic devices, electric vehicles, and advanced construction materials, coupled with established production infrastructure and the cost-effectiveness of brominated flame retardants (BFRs) compared to alternatives, further reinforces their market dominance.
The polyamide segment is projected to register the highest growth in the overall flame retardants for engineering resins market. The high growth in this segment is attributed to several reasons. Firstly, the increasing demand for lightweight and durable materials in the automotive and electrical industries drives the adoption of polyamide-based engineering resins. Secondly, stringent safety regulations and the need for fire-resistant materials in these applications propel the demand for flame-retardant additives in polyamide formulations.
The automotive & transportation sector is projected to experience the highest growth rate in the flame retardants for engineering resins market between 2025 and 2030. This growth is driven by the increasing demand for lightweight materials in vehicles to improve fuel efficiency and reduce emissions. Additionally, stringent safety regulations mandating fire resistance in automotive components contribute to the rising need for flame-retardant additives in engineering resins. Furthermore, ongoing innovation in engineering resin formulations tailored for automotive applications further accelerates growth in this sector.
North America is the leading region in the flame retardants for engineering resins market. The region's strong manufacturing infrastructure and technological advancements facilitate the production of top-notch flame-retardant engineering resins. Moreover, stringent safety regulations across key industries like automotive, electronics, and construction propel the demand for flame-retardant materials. Additionally, North America's market dominance is reinforced by the presence of major industry players and well-established distribution networks.
The key market players identified in the report are Albemarle Corporation (US), LANXESS AG ( Germany ), BASF SE ( Germany ), Israel Chemicals Ltd. ( Israel ), Huber Engineered Materials (US), Clariant AG ( Switzerland ), Nabaltec AG ( Germany ), Italmatch Chemicals S.p.A ( Italy ), RTP Company (US), and Chemische Fabrik Budenheim KG ( Germany ).
MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, , and . With a , we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our , which integrates research and provides ecosystem-wide visibility into revenue shifts.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/flame-retardants-for-engineering-resins-market-worth-3-2-billion-by-2030---exclusive-report-by-marketsandmarkets-302598101.html