The global flame retardant masterbatch market is likely to record a strong CAGR of 10.2% during the forecast period. The global flame retardant masterbatch market is currently valued at US$ 2530.67 Mn in 2022 and is likely to reach US$ 6684.23 Mn by 2032.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2022) | US$ 2530.67 Million |
| Anticipated Forecast Value (2032) | US$ 6684.23 Million |
| Projected Growth Rate (2022 to 2032) | 10.2% CAGR |
Sales of global flame retardant masterbatch have risen due to its usage in electronics and automotive applications.
Increase in demand for plastics for automotive applications is also projected to contribute to the growth of the global flame retardant masterbatch market share.
The report sheds light on the factors improving the sales of global flame retardant masterbatch, and, in turn, the opportunities for market players. However, the global flame retardant masterbatch market also faces some challenges, which might limit the global flame retardant masterbatch market share from reaching its potential.
Some of the key global flame retardant masterbatch market trends promoting the demand for global flame retardant masterbatch includes the implementation in order to impart the flame resistivity and thermos stability into plastic material.
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Over the recent past, there has been significant growth in the automotive vehicle production, especially electric vehicles, owing to which demand for plastic materials is increasing incessantly which in turn is expected to drive the demand for global flame retardant Masterbatch market.
Along with this, Flame retardant Masterbatch is preferred in several applications, such as building & construction, household appliances and many other appliances.
Thus, growing Infrastructure development in developing and developed countries such as India and China and Brazil, among others is the key factor driving growth of the building and construction industry.
Attributing to this, the demand for plastic products is rising significantly which in turn is expected to drive the sales of global flame retardant Masterbatch.
In Europe, various regulations such as REACH and WEEE (Waste Electrical and Electronic Equipment) restrict the use of brominated and chlorinated flame retardant Masterbatch as they adversely affect the environment.
Owing to this, the use of halogenated flame retardant Masterbatch is highly regulated in Europe, which is subsequently affecting the demand for global flame retardant Masterbatch in plastic processing.
Europe is expected to witness significant growth opportunities in the global flame retardant masterbatch market.
With stringent government regulations, the sales of flame retardant Masterbatch is gaining traction in applications, such as automotive, building & construction, to name a few.
Europe holds a significant share in global automotive production. Production of passenger cars in Europe increased by 2.6% Y-o-Y between 2017 and 2018.
Further, stringent government norms pertaining to CO2 emission and pollution control promote reduction in vehicle weight so as to increase vehicle efficiency.
Attributing to which, the demand for high performance plastics has increased in vehicle interiors and exteriors. This, in turn, has led to the increase in demand for flame retardant Masterbatch to impart thermal stability into plastics for the automotive industry.
Prompt growth of plastic and packaging sectors in APAC is in turn expected to drive the sales of flame retardant Masterbatch.
In APAC, China is a major manufacturer of plastic and contributed over 27% to the global plastic production in 2017. Further, the growing demand for various high performance plastic materials with functional properties for various end-use applications will subsequently result in increased demand for flame retardant Masterbatch.
Principal Consultant
The key players of the global flame retardant masterbatch market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the global flame retardant masterbatch.
These market players are anticipated to drive the global flame retardant masterbatch market by introducing new products and expanding geographically.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.2% from 2022 to 2032 |
| Base year for estimation | 2022 |
| Historical data | 2015 to 2021 |
| Forecast period | 2023 to 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Compound type, End Use, Region |
| Regional scope | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Japan; Middle East and Africa (MEA) |
| Country scope | USA, Canada, Mexico, Brazil, Germany, Italy, France, UK, Spain, Poland, Russia, India, China, ASEAN, Japan, Australia & New Zealand, GCC Countries, South Africa, North Africa |
| Key companies profiled | Albemarle Corporation; Ampacet Corporation; BASF SE; Clariant International AG; Cromex S/A; DIC Corporation; Dongguan GreenTech Plastics Co. Ltd; DOVER CHEMICAL CORPORATION; FERRO-PLAST Srl; LANXESS AG; Nouryon; Polyplast Muller GmbH; Polytechs; Tosaf |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Compound Type 6.2. End Use 7. Global Market Analysis and Forecast, By Compound Type 7.1. Brominated 7.2. Chlorinated 7.3. Organophosphorous 7.4. Other Compound Types 8. Global Market Analysis and Forecast, By End Use 8.1. Automotive 8.2. Agriculture 8.3. Building and Construction 8.4. Packaging 8.5. Electrical and Electronics 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. Asia Pacific 9.6. Japan 9.7. Middle East and Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Japan Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Compound Type and End Use for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Albemarle Corporation 19.2. Ampacet Corporation 19.3. BASF SE 19.4. Clariant International AG 19.5. Cromex S/A 19.6. DIC Corporation 19.7. Dongguan GreenTech Plastics Co., Ltd 19.8. DOVER CHEMICAL CORPORATION 19.9. FERRO-PLAST Srl 19.10. LANXESS AG 19.11. Nouryon 19.12. Polyplast Muller GmbH 19.13. Polytechs 19.14. Tosaf
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Flame Retardant Masterbatch Market
