The flame retardant plastics market is expected to be valued at USD 61.87 billion in 2027 from USD 45.73 billion in 2019, registering a CAGR of 3.8% through the forecast period. Increased flight hours require enhanced safety measurements for on-flight passengers, crew, and valuables to be carried out. Aircraft fire hazards are a leading cause of aircraft accidents and may be prevented by the deployment of a suitable plastic flame retardant in the design and production of aircraft and interior furnishings. In addition, the use of plastic that is flame retardant makes the aircraft lightweight and reduces fuel consumption, thus improving the mileage.
The latest study unravels the unfavorable impacts of the COVID-19 pandemic on the global Flame Retardant Plastics business sector. According to our expert team, the corona virus outbreak has had an overwhelming impact on the global economic landscape, and consequently, on this business vertical. The pandemic is expected to contribute to the potential downturn of the Flame Retardant Plastics industry substantially. Reportedly, this sector has been financially beleaguered since the COVID-19 lockdown restrictions were put into effect. Hence, the report highlights the financial obstacles that have slowed numerous businesses’ progress in this sector and disrupted the global supply chains.
Competitive Overview:
The global Flame Retardant Plastics market report closely studies the functioning mechanisms of the key companies participating in the global market. These companies are said to be following a slew of business expansion strategies to reinforce their financial positions in this market. As per the report, these companies account for a major portion of the overall Flame Retardant Plastics market share. Therefore, this section of the report emphasizes the principal strategic initiatives led by these companies, including mergers & acquisitions, joint ventures, new business deals, new product launches, collaborations, technological upgradation, and several others.
Key Market Players:
Covestro AG, DuPont, SABIC, Borealis AG, Huntsman Corporation, Olin Corporation, BASF SE, LyondellBasell, Showa Denko AA, and HEXION Inc., among others.
Global Flame Retardant Plastics Market Report – Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Flame Retardant Plastics market segments
1.3 Target players
1.4 Market analysis by type
1.5 Market analysis by application
1.6 Key learning objectives
1.7 Report timeline
- Global Growth Trends
2.1 Global Flame Retardant Plastics market size
2.2 Latest trends of the Flame Retardant Plastics market by region
2.3 Key corporate trends
- Global Flame Retardant Plastics Market share by key players
3.1 Global Flame Retardant Plastics Market size by manufacturers
3.2 Global Flame Retardant Plastics Market key players
3.3 Products/solutions/services of major players
3.4 New entrants in the Flame Retardant Plastics market
3.5 Mergers, acquisitions, joint ventures, and expansion plans
- Global Flame Retardant Plastics Market by product type
4.1 Global Flame Retardant Plastics Sales by Product
4.2 Global Flame Retardant Plastics by Product Revenue
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