Enjoy complimentary customisation on priority with our Enterprise License!
The Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market size is estimated to grow at a CAGR of 7.8% between 2022 and 2027. The market size is forecast to increase by USD 308.27 million. The growth of the market depends on several factors such as the easy availability of polypropylene, the flame retardancy benefits of polypropylene, and the increasing demand for environment-friendly flame retardant polypropylene.
This low smoke halogen free flame retardant polypropylene market report extensively covers market segmentation by application (construction, automotive, electrical and electronic, industrial, and others), type (IEC60332-1, IEC60332-2, and IEC60332-3), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The easy availability of polypropylene is driving the growth of the low smoke halogen free flame retardant polypropylene market. Polypropylene is the most widely produced synthetic plastic in the world. This is because it is used extensively in various applications such as packaging and labeling, textile, automotive, and other industrial applications. Compared with its other polymers, the production cost of polypropylene is very low.
Since polypropylene is used in major applications, its demand is very high. Around half of the world's polypropylene is produced in APAC. Thus, Polypropylene low smoke halogen free flame retardants are easily available and are sufficient to meet increasing demand, which, in turn, is expected to fuel the growth of the global low smoke halogen free flame retardant polypropylene market during the forecast period.
The growth of the construction industry in APAC is a key trend shaping the low smoke halogen free flame retardant polypropylene market. China's construction market can show a decline in the housing sector. The transition of Chinese wealth into a consumer- and services-driven economy has opened doors to new types of building in the healthcare, education, and social infrastructure, as well as retail and other consumer end-markets.
Low smoke halogen free flame retardant polypropylene is used extensively in the construction industry in the form of hot-melt adhesives. The demand for low smoke halogen free flame retardant polypropylene in the region is expected to be driven by the growth of the construction industry in the region. This is fueling the global low smoke halogen free flame retardant polypropylene market during the forecast period.
The threat of potential substitutes of low smoke halogen free flame retardant polypropylene is a major challenge faced by the low smoke halogen free flame retardant polypropylene market. Low smoke halogen free flame retardant polypropylene is a main material used in various end-user applications, mainly in the construction and automotive industries. However, this market's growth is being limited by its harmful effects. In addition, the availability of potential substitutes, such as epoxy resins, is also restricting the demand for this product.
However, Epoxy resins have also been given equal preference if the choice is made on the basis of desired properties. Thus, the threat of potential substitutes can hamper the growth of the global low smoke halogen free flame retardant polypropylene market.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Low Smoke Halogen Free Flame Retardant Polypropylene Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Albemarle Corp. - The company offers low smoke halogen free flame retardant polypropylene such as SAYTEX bromine fire retardants.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The construction segment is estimated to witness significant growth during the forecast period. The use of low smoke halogen free flame retardant polypropylene is crucial for the construction industry due to the high risk of fire incidents in this industry. The demand for low smoke halogen free Polypropylene flame retardants is also rising, due to the growth of construction industries around the world.
Get a glance at the market contribution of various segments View the PDF Sample
The construction segment was valued at USD 190.89 million in 2017. The construction industry is increasing significantly in emerging and developing countries such as Brazil, Indonesia, Malaysia, Chile, Thailand, and India, and the use of low smoke halogen free flame retardant polypropylene has become necessary for safety and security purposes, which will fuel the growth of the global low smoke halogen free flame retardant polypropylene market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The demand for low smoke halogen free flame retardant polypropylene is growing rapidly in APAC. The region is the fastest-growing region for the low smoke halogen free flame retardant polypropylene market. This is a potential market for low smoke Polypropylene Halogen free flame retardant due to the easy availability of raw materials, as well as cheap labor in most APAC countries. The major countries leading the low smoke halogen free flame retardant polypropylene market include India, China, Japan, Indonesia, and Malaysia.
India is one of the largest car markets in terms of sales. In order to meet the rising demand for low smoke halogen free flame retardants in Asia Pacific countries, a number of domestic and international suppliers have their own polypropylene production facilities. The growing automotive and construction industry in the APAC region, owing to high disposable income, is expected to fuel the growth of the regional low smoke halogen free flame retardant polypropylene market during the forecast period.
The outbreak of COVID-19 had adverse effects on regional market growth. However, from Q1 2021 onward, most end-user industries, such as automotive and building, started to recover owing to the restart of activities due to large-scale vaccination drives conducted by the governments. The construction and automotive industry in APAC is expected to rise significantly owing to high infrastructure investments by the government, which will fuel the growth of the regional market during the forecast period.
The low smoke halogen free flame retardant polypropylene market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Low Smoke Halogen Free Flame Retardant Polypropylene Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.8% |
Market growth 2023-2027 |
USD 308.27 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.35 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Albemarle Corp., Audia, BASF SE, Bayer AG, Celanese Corp., Clariant International Ltd., DuPont de Nemours Inc., ICC Industries Inc., Israel Chemicals Ltd., J M Huber Corp., Koninklijke DSM NV, Lanxess AG, Mitsubishi Chemical Group Corp., RTP Co., Simona AG, Teknor Apex Co. Inc., The Lubrizol Corp., Thor Group Ltd., and VYCOM |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.