Flame Retardant Thermoplastic Market Analysis

The flame retardant thermoplastic market is segmented by application into electrical and electronic, construction, industrial, transportation and others, out of which, the electrical and electronic segment is anticipated to hold the largest market share by the end of 2030. The growth of the segment can be attributed to the massive usage of flame retardant thermoplastics in printed wiring boards, refrigerators, vacuum cleaners, TV sets, smartphones, laptops and others. Moreover, growing concern for electrical short circuits, which can create a fire, is raising the need amongst the manufacturers of electronic goods to increasingly use the flame retardant thermoplastics, which in turn is anticipated to drive the growth of the segment. The flame retardant thermoplastic market is also segmented on the basis of end users into domestic and commercial, out of which, the commercial segment is anticipated to hold the largest share during the forecast period, backed by the increasing demand for the thermoplastics from numerous end users for a variety of end use purposes.

However, owing to the stringent government regulations for the production of flame retardant thermoplastics, such as IEC 60695, IEC 60112, UL94, UL746 and others for electronic applications, and other complaints such as DIN 4102, EN 9239, BS 476, EN 13823, and others for building and construction application, significantly raises the cost of production of the manufacturers so as to meet these regulatory standards, which is anticipated to hamper the flame retardant thermoplastic market growth during the forecast period.

Our in-depth analysis of the global market includes the following segments: