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Global Flame Retardant For Aerospace Plastics Market Size By Product (Additive, Reactive), By Application (Cfrp, Grp, Polycarbonate), By Geographic Scope And Forecast
” in its research database. Get a Free Sample PDF of this Research Report for more Insights with Table of Content, Research Methodology, and Graphs –
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Flame Retardant For Aerospace Plastics Market Size And Forecast
Flame Retardant For Aerospace Plastics Market size was valued at USD 27.85 Million in 2020 and is projected to reach USD 57.09 Million by 2028, growing at a CAGR of 9.44% from 2021 to 2028.
The rising demand for commercial aircraft is likely to open up various new opportunities for Flame Retardant For Aerospace Plastics Market expansion. The increasing number of fire safety standards and regulations formulated across the world are expected to accelerate the demand for Flame Retardant For Aerospace Plastics Market. The Global Flame Retardant For Aerospace Plastics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Flame Retardant For Aerospace Plastics Market Definition
Flame retardants are chemical compounds that are added to polymers to make them fire-resistant, such as polyphthalamide, epoxy resin, and carbon fiber-reinforced polymer. Plastics made with flame retardants such as aluminum hydroxide mixed with polymers can tolerate high temperatures, making them ideal for aerospace applications requiring high resistance in space. Carbon fiber-reinforced plastics, for example, are a major user of flame retardants and have a variety of aerospace uses ranging from the cockpit to the empennage.
Rapid demand for lightweight and cost-effective materials in aerospace applications, as well as growing safety concerns about the flammability of aerospace components made from traditional materials such as metal and wood, are thus drivers for Flame Retardant For Aerospace Plastics Market that positively impact its growth. However, because flame retardants are very hazardous, government regulations governing their use, such as those imposed by the US Environmental Protection Agency, have hampered the rise of flame retardants in the aerospace plastics industry.
Global Flame Retardant For Aerospace Plastics Market Overview
The rising demand for commercial aircraft is likely to open up various new opportunities for Flame Retardant For Aerospace Plastics Market expansion. Decks, wings, airframes, cabins, rotor blades, cushion foams, and other internal components are all made of plastic. Because of their lightweight, versatility, flexibility, low maintenance, and high resistance to chemicals and pressure, high-performance engineered products such as glass-reinforced plastics (GRP), polyimides, polycarbonates, and even epoxies are rapidly gaining importance over conventional materials such as metal and wood.
The integration of these additives into a variety of plastics has made them resilient to high temperatures, making them perfect for high-temperature resistance on exterior surfaces in aerospace applications. Plastic fiber composites are often used in the wing boxes of the new Airbus A380, reducing overall plane weight by 1.5 tonnes. Other Boeing-developed modern airplanes include up to 50% plastic composites into airplane components in an effort to reduce weight and emissions.
Furthermore, the increasing number of fire safety standards and regulations formulated across the world are expected to accelerate the demand for the market. However, rising concerns about harmful content, rising environmental and health concerns, and rising flame retardant product prices are restraining market expansion. Furthermore, The Asia-Pacific area is the fastest-growing market for flame retardants for aerospace plastics, and increased air traffic in the region is expected to open up more opportunities in the coming years.
Global Flame Retardant For Aerospace Plastics Market: Segmentation Analysis
The Global Flame Retardant For Aerospace Plastics Market is Segmented on the basis of Product, Application, And Geography.
Flame Retardant For Aerospace Plastics Market, By Product
- Additive
- Reactive
Based on Product, The market is segmented into Additive and Reactive. Flame retardant additives permitted and used in aerospace plastics include antimony oxide, aluminum trihydrate (ATH), organophosphates/phosphorous, and boron compounds among others that include nitrogen, molybdenum, and magnesium hydroxide. ATH is a low-cost chemical that may be abundantly found in nature and is commonly used in aerospace plastics.
Flame Retardant For Aerospace Plastics Market, By Application
- Cfrp
- Grp
- Polycarbonate
- Thermoset Polyimides
- Acetal
- Epoxies
- Polyphthalamide (PPA)
- Polypropylene (PP)
- Polybutylene Terephthalate (PBT)
Based on Application, The market is segmented into Cfrp, Grp, Polycarbonate, Thermoset Polyimides, Acetal, Epoxies, Polyphthalamide (PPA), Polypropylene (PP), and Polybutylene Terephthalate (PBT). Owing to carbon fiber reinforced polymers (CFRP) being utilized in the manufacture of various aircraft components, the carbon fiber reinforced polymers (CFRP) segment is expected to rise at a profitable rate throughout the forecast period. Orders for new aircraft are expected to rise throughout the forecast period, owing to a growth in the number of new airport projects across various areas, such as Asia-Pacific, the Middle East and Africa, and South America, to meet the growing demand for air transport.
Flame Retardant For Aerospace Plastics Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, The Global Flame Retardant For Aerospace Plastics Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Owing to the presence of major airline companies such as Boeing and Airbus, as well as Rolls Royce Holding and the Safran Group, Europe is expected to have lucrative growth. However, the European airspace and manufacturing sectors are strictly regulated, leading to a decrease in halogenated retardant production and a challenging growth for other additives.
Key Players
The “Global Flame Retardant For Aerospace Plastics Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Clariant Corporation, Huber Engineered Materials, RTP Company, Italmatch, Albemarle, Chemtura, Ciba, DIC Corporation, Rio Tinto, Royal DSM, Israel Chemicals, Sinochem, Solvay, and BASF.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD |
2017-2028 |
| BASE YEAR |
2020 |
| FORECAST PERIOD |
2021-2028 |
| HISTORICAL PERIOD |
2017-2019 |
| UNIT |
Value (USD Million) |
| KEY COMPANIES PROFILED |
Clariant Corporation, Huber Engineered Materials, RTP Company, Italmatch, Albemarle, Chemtura, Ciba, DIC Corporation, Rio Tinto, Royal DSM. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE |
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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