Global Flame-Retardant Resin Market, By Resin Type(Phenolic Resin, Polyester Resin, Epoxy Resin, Oth

Published Date: | Report Code : MT1958277

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Flame retardant resin is a chemical substance or compound which stops the fire or its spreading through physical action or chemical reaction. Additives, such as antimony pentaoxide & antimony trioxide are also added in flame retardant resins. Flame retardant resins find applications in chemical and other industries in ducts and other process equipment. Flame retardant resins are also used in the automotive and aerospace industries in various parts, such as belt guards and covers.

Segment Analysis:

The global flame retardant resin is segmented based on resin type, composites type, and end-user.

Based on resin type, it is segmented into Phenolic Resin, Polyester Resin, Epoxy Resin, and Others. The epoxy resin type is majorly used due to its excellent performance such as strength, adhesiveness, versatility, moisture absorbent, and less volumetric shrinkage. The printed circuit board (PCB) GRE pipes for the oil & gas industry and interior applications of aircraft are a few places where these epoxy resin types are extensively used.

By composite type, it is segmented into Glass Composites and Others.

Based on end-user, it is segmented into Aerospace & Defense, Transportation, Building & Construction, Electrical & Electronics, Marine, Pipe & Tank, and Others. The flame-retardant resin is most widely used in transportation as they are used for making interior parts, such as lavatory, seats, partitions, sidewalls, ceiling panels, doors, and windows, for high-speed trains, metro, locomotives, and monorails. In recreational vehicles, FR resins are used to make the roof, sidewalls, and slide-out panels.

Key Factors Impacting Market Growth:

  • The increasing shift towards the use of plastic in the manufacturing of automotive

  • Growth of various sectors such as chemical, polymer, pulp & paper, automotive, etc

Regional Analysis:

The regional outlook section for the flame-retardant resin market provides the region-wise market projections along with related market dynamics. Besides, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period.

Asia Pacific region is estimated to register the highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. Besides, favorable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with the growth of the industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for the flame-retardant resin market during the forecast period.

Companies Covered: Hexion Inc., Olin Corporation, Nan Ya Plastics, Ashland Global Specialty Chemicals Inc., Huntsman Corporation, Polynt Reichhold, Group, Sumitomo Bakelite Co., Ltd., Georgia-Pacific Industries ltd., and AOC, LLC.

Market Segmentation:

By Resin Type:

  • Phenolic Resin

  • Polyester Resin

  • Epoxy Resin

  • Others

By Composites Type:

  • Glass Composites

  • Others

By End User:

  • Aerospace & Defense

  • Transportation

  • Building & Construction

  • Electrical & Electronic

  • Marine

  • Pipe & Tank

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Resin Type

    • By Composites Type

    • By End-User

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Resin Type

    • By Composites Type

    • By End-User

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Resin Type

    • By Composites Type

    • By End-User

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Resin Type

    • By Composites Type

    • By End-User

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Resin Type

    • By Composites Type

    • By End-User

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Resin Type

    • By Composites Type

    • By End-User

Reasons To Buy This Report:

  • Market size estimation of the global flame retardant resin market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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