North America Flame Retardant Thermoplastics Market Outlook (2022 to 2032)
The North America flame retardant thermoplastics market is expected to reach a market valuation of US$ 3.9 Billion by the year 2022, accelerating with a CAGR of 4.8% by 2022 to 2032. The North America flame retardant thermoplastics market share is anticipated to be valued at about US$ 6.2 Billion by 2032 end.
The sales of flame retardant thermoplastics in recent years are probably being driven by recent advancements in consumer electronics and automobiles & related industries. The demand for North America flame retardant thermoplastics is expected to be boosted by technological developments, innovations, and research to broaden the applicability of the commodity.
Attributes
Value
North America Flame Retardant Thermoplastics Market Size (2022)
US$ 3.9 Billion
North America Flame Retardant Thermoplastics Market Projected Size (2032)
US$ 6.2 Billion
North America Flame Retardant Thermoplastics Market Value CAGR (2022 to 2032)
4.8%
It can also be anticipated that increased use of environmentally and energy-friendly solutions would have a favorable impact on the North America flame retardant thermoplastics market share. Because of stringent environmental rules and regulations and an increased focus on indoor air quality, it is projected that demand for products made of polystyrene would be crucial for the emerging trends in the North American flame retardant thermoplastics market.
The North America flame retardant thermoplastics market growth is projected to be boosted by continuous research and technological advancements in fire-resistant polymer composites, which provide great toughness and heat resistance with reduced thickness.
Recently, as evident from the North American flame retardant thermoplastics market survey, there has been a sharp increase in the demand for polycarbonate products in industrial electronic equipment as well as automobile and aerospace applications. Because it is also equally durable and sturdy and certain grades are even optically clear this segment of North America flame retardant thermoplastics market share has acquired a considerable amount of traction in the last couple of years.
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What is the Future of North America Flame Retardant Thermoplastics Market?
Flame retardant thermoplastics in the building and construction sector are anticipated to see significant growth prospects due to the renovation and expansion of city amenities for disadvantaged populations.
What are the Major Driving Factors for the North America Flame Retardant Thermoplastics Market?
In the upcoming years, the new market research report on North America flame retardant thermoplastics projects an increase in the use of the product in several new application sectors that would force businesses to reverse integrate mostly in the supply chain. Thus a greater involvement in the production process is expected to speed up the process of turning resources into goods and services and provide North America flame retardant thermoplastics market players a price advantage over their competitors.
What are the Existing Challenges for the North America Flame Retardant Thermoplastics Market future Trends?
Thermoplastics, like ABS, deform, making it simple to infuse, shape, and regenerate them. However, owing to its low melting point, ABS is not utilized in high-heat conditions which could limit the growth of the North America flame retardant thermoplastics market growth prospects to a certain extent.
Stringent government regulations for controlling the chemical residues released from flame retardant thermoplastics manufacturing plants can pose as a major challenge to the growth of the target market. Restriction on the sales and uses of halogen is also anticipated to limit the North American flame retardant thermoplastics growth in the future days.
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Comparative View of Adjacent North America Flame Retardant Thermoplastics Market
North America Flame Retardant Thermoplastics Market:
Attributes
North America Flame Retardant Thermoplastics Market
CAGR (2022 to 2032)
4.8%
Market Value (2022)
US$ 3.9 Billion
Growth Factor
Emphasis on building fire safety houses and public buildings.
Future Opportunities
Government insistency on making fire retardant polymers as standard building materials.
Market Trends
Drop in prices owing to the discovery of new materials and processes for manufacturing thermoplastics.
North America Ferrosilicon Market:
Attributes
North America Ferrosilicon Market
CAGR (2022 to 2032)
2.8%
Market Value (2022)
US$ 900 Million
Growth Factor
Extensive utilization of ferrosilicon products in major end-use industries.
Future Opportunities
Expansion of solar energy and the trend toward electric vehicles (EVs) to boost the market.
Market Trends
Over 80% of the total ferrosilicon production is consumed by the steel industry as a source of silicon.
North America Ceramic Tiles Market:
Attributes
North America Ceramic Tiles Market
CAGR (2022 to 2032)
5.3%
Market Value (2022)
US$ 22.5 Billion
Growth Factor
Due to its simplicity of installation and availability in a broad variety
Future Opportunities
The total construction index in North American countries is to plummet in the coming days.
Market Trends
It's growing in popularity among consumers for wall and flooring applications.
Polycarbonate is one of the thermoplastics with the best formulations worldwide and is widely utilized in the production of vehicle parts, storage and branding applications, surgical instruments, and other scientific instruments, among other things that are anticipated to make it the highly profitable segment for the North America flame retardant thermoplastics market during the projection period of 2022 to 2032.
The North America market for flame retardant thermoplastics is divided into halogenated and non-halogenated goods based on the raw element used in its manufacturing. Due to the growing international concern over the rising volume of halogen substances in the environment, non-halogenated products are getting more encouraged by the recent developments in North America's flame retardant thermoplastics market.
The flame retardant thermoplastics end products can also be categorized into crystalline polymers and amorphous polymers based on the shape it acquires after their formulation. Based on coating, the flame retardant thermoplastics market products are recognized as brominated, phosphorus, antimony trioxide, and alumina tri-hydrate components having a more or less equal demand in the industrial sector.
Category-wise Insights for North America Flame Retardant Thermoplastics Cigarettes Market
The demand for these flame-retardant thermoplastics is anticipated to be boosted by rising funding from public and private organizations for the safety of public buildings and areas.
Which are the Prominent Product Types for the North American flame retardant thermoplastics market?
Acrylonitrile butadiene styrene (ABS), which accounted for more than 34% of the 2021 North American flame retardant thermoplastics market statistics report, established itself as a leading product group in terms of value. It is excellent for a variety of sectors thanks to its qualities, including high tensile strength, stiffness, impact resistance, and inexpensive cost compared to its alternatives.
ABS is easier to use and carry because of its reduced weight making it the most sought-after product segment in the North American flame retardant thermoplastics market size. Computer hardware and LEGO sets are also the prominent uses of acrylic butadiene styrene thermoplastic polymers consequently turning up this segment into the most profitable segment for the North American flame retardant thermoplastics market players.
What are the Major Applications Segments of the North America flame retardant thermoplastics market?
Over the course of the forecast period, the automotive and transportation application sub-segment is anticipated to expand at a pace of 4.6%. By accounting for more than 17 percent of all flame retardant thermoplastics applications in North America in 2021.
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Regional Analysis of the North America Flame Retardant Thermoplastics Market
With the proliferation of megaprojects with a focus on green infrastructure, the USA flame-retardant thermoplastics market is predicted to rise exponentially.
How North America Flame Retardant Thermoplastics Market Share is performing in the USA?
The USA flame retardant thermoplastics market has been perpetually supported by its building and construction sector which uses these materials more often for manufacturing and commercial applications. The market for flame retardant thermoplastics is also anticipated to increase greatly as a result of the USA's expanding affordable housing sector.
The USA real estate sector has recently experienced a positive trend as a result of an increase in infrastructure projects is expected to propel the flame retardant thermoplastics market key trends and opportunities as well. Moreover, due to increased import taxes, shifting trade agreements, and a booming off-shore trade market the flame retardant thermoplastics market in the USA is projected to remain dominant during the projected period.
What is the Performance of the North America Flame Retardant Thermoplastics Market in Canada?
Canada's building and construction sector is seeing profitable growth prospects promising for North America flame retardant thermoplastics market opportunities in ample amounts. Flame retardant thermoplastics manufacturers are also choosing to establish their factories in Canada given the lower establishment costs associated with facilities and the lower cost of production compared to that in the USA.
Additionally, the Canadian government's expenditures in infrastructural development are anticipated to fuel the expansion of the nation's building projects, leading to a strong marketplace for North America flame retardant thermoplastics market future trends during the course of the forecast period.
Similarly, over the forecast timeline of 2022 to 3032, it is predicted that Mexico's expanding residential, industrial, and commercial building sectors would help drive the sales of flame retardant thermoplastics in the country.
Competitive Landscape for the North America Flame Retardant Thermoplastics Market
In order to meet the escalating market demands, North America flame retardant thermoplastics producers are increasing their infrastructure and manufacturing capacity. Additionally, a lot of businesses that make flame retardant thermoplastics products employ takeover and collaboration techniques to source their input resources.
This North America flame retardant thermoplastics industry is severely fragmented and still relies heavily on consolidations and joint projects, which enable businesses to increase their marketplace presence.
To retain customer satisfaction and broaden their geographical reach, the majority of the flame retardant thermoplastics market key players in North American have equipped their businesses for producing and distributing raw materials. As a result, the profit margin has increased while giving businesses a strategic profit advantage.
North American flame retardant thermoplastics market prominent players are engaging in Research and Development operations to create new goods in order to keep up with price competition and evolving consumer choice. It is anticipated that in the upcoming years, research on novel materials with multi-property combinations will find widespread adoption in this market.
Recent Developments in North America Flame Retardant Thermoplastics Market
In January 2021, BASF SE revealed that it has created hand straps in collaboration with CoHaMa Co., Ltd. for use in aeronautical and rail transport systems. Flame-retardant thermoplastic polyurethane with no halogen content is used to make these hand straps (TPU) which are expected to drive sales in the Northern America region.
ICL-IP declared in September 2019 that it will be increasing the capacity at which bromine compounds were produced for its Asian clients. It is anticipated to boost FR1025's manufacturing capability by around 50%. FR1025 is an eco-friendly thermoplastic flame retardant promising a better fortunes for the company in the upcoming days.
North America Flame Retardant Thermoplastics Market Key Players
BASF SE
LANXESS
Dow Inc.
ICL
RTP Company
Huber Engineered Materials
Clariant AG
Plastics Color Corporation
Albemarle Corporation
PolyOne Corporation
SABIC
Asahi Kasei Corporation
WASHINGTON PENN PLASTIC CO., INC.
Koninklijke DSM N.V.
Teknor Apex
North America Flame Retardant Thermoplastics Market by Segmentation
By Product Type:
Acrylonitrile & Electricals
Polycarbonate (PC)
Polypropylene (PP)
Polystyrene (PS)
By Application:
Electrical & Electronics
Housings
Switches
Sockets
Enclosures
Others
Automotive & Transportation
Engine Covers
Interior System
Chassis Suspension System
Other Components
Building & Construction
Flooring
Roofing
Others
Industrial
Others
By Country:
USA
Canada
Mexico
Frequently Asked Questions
At What Rate will the North America Flame Retardant Thermoplastics Market Grow?
The North American flame retardant thermoplastics market is expected to grow at 4.8% CAGR from 2022 to 2032.
What is the Net Worth of the North America Flame Retardant Thermoplastics Market?
The North American flame retardant thermoplastics market is estimated to be around US$ 3.7 Billion in 2022.
What is the Projected Value of the North America Flame Retardant Thermoplastics Market?
The North American flame retardant thermoplastics market is anticipated to reach a valuation of US$ 6.2 Billion by 2032.
Which is the Best Performing Product Type of the North America Flame Retardant Thermoplastics Market?
The Acrylonitrile butadiene styrene (ABS) product segment contributes to more than 34% of the market share.
Which is the Rapidly Growing Region for the North America Flame Retardant Thermoplastics Market?
Canada is the rapidly growing market for the North America flame retardant thermoplastics business.
Table of Content
1. Executive Summary | North America Flame Retardant Thermoplastics Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product, 2022 to 2032
5.3.1. Acrylonitrile Butadiene Styrene (ABS)
5.3.2. Polycarbonate (PC)
5.3.3. Polypropylene (PP)
5.3.4. Polystyrene (PS)
5.4. Y-o-Y Growth Trend Analysis By Product, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Product, 2022 to 2032
6. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2022 to 2032
6.3.1. Electrical & Electronics
6.3.1.1. Housings
6.3.1.2. Switches
6.3.1.3. Sockets
6.3.1.4. Enclosures
6.3.1.5. Others
6.3.2. Automotive & Transportation
6.3.2.1. Engine Covers
6.3.2.2. Interior System
6.3.2.3. Chassis Suspension System
6.3.2.4. Other Components
6.3.3. Building & Construction
6.3.4. Industrial
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
7. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Product
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product
8.3.3. By Application
8.4. Key Takeaways
9. Key Countries Market Analysis
9.1. USA
9.1.1. Pricing Analysis
9.1.2. Market Share Analysis, 2021
9.1.2.1. By Product
9.1.2.2. By Application
9.2. Canada
9.2.1. Pricing Analysis
9.2.2. Market Share Analysis, 2021
9.2.2.1. By Product
9.2.2.2. By Application
10. Market Structure Analysis
10.1. Competition Dashboard
10.2. Competition Benchmarking
10.3. Market Share Analysis of Top Players
10.3.1. By Regional
10.3.2. By Product
10.3.3. By Application
11. Competition Analysis
11.1. Competition Deep Dive
11.1.1. BASF SE
11.1.1.1. Overview
11.1.1.2. Product Portfolio
11.1.1.3. Profitability by Market Segments
11.1.1.4. Sales Footprint
11.1.1.5. Strategy Overview
11.1.1.5.1. Marketing Strategy
11.1.1.5.2. Product Strategy
11.1.1.5.3. Channel Strategy
11.1.2. LANXESS
11.1.2.1. Overview
11.1.2.2. Product Portfolio
11.1.2.3. Profitability by Market Segments
11.1.2.4. Sales Footprint
11.1.2.5. Strategy Overview
11.1.2.5.1. Marketing Strategy
11.1.2.5.2. Product Strategy
11.1.2.5.3. Channel Strategy
11.1.3. Dow Inc.
11.1.3.1. Overview
11.1.3.2. Product Portfolio
11.1.3.3. Profitability by Market Segments
11.1.3.4. Sales Footprint
11.1.3.5. Strategy Overview
11.1.3.5.1. Marketing Strategy
11.1.3.5.2. Product Strategy
11.1.3.5.3. Channel Strategy
11.1.4. ICL
11.1.4.1. Overview
11.1.4.2. Product Portfolio
11.1.4.3. Profitability by Market Segments
11.1.4.4. Sales Footprint
11.1.4.5. Strategy Overview
11.1.4.5.1. Marketing Strategy
11.1.4.5.2. Product Strategy
11.1.4.5.3. Channel Strategy
11.1.5. RTP Company
11.1.5.1. Overview
11.1.5.2. Product Portfolio
11.1.5.3. Profitability by Market Segments
11.1.5.4. Sales Footprint
11.1.5.5. Strategy Overview
11.1.5.5.1. Marketing Strategy
11.1.5.5.2. Product Strategy
11.1.5.5.3. Channel Strategy
11.1.6. Huber Engineered Materials
11.1.6.1. Overview
11.1.6.2. Product Portfolio
11.1.6.3. Profitability by Market Segments
11.1.6.4. Sales Footprint
11.1.6.5. Strategy Overview
11.1.6.5.1. Marketing Strategy
11.1.6.5.2. Product Strategy
11.1.6.5.3. Channel Strategy
11.1.7. Clariant AG
11.1.7.1. Overview
11.1.7.2. Product Portfolio
11.1.7.3. Profitability by Market Segments
11.1.7.4. Sales Footprint
11.1.7.5. Strategy Overview
11.1.7.5.1. Marketing Strategy
11.1.7.5.2. Product Strategy
11.1.7.5.3. Channel Strategy
11.1.8. Albemarle Corporation
11.1.8.1. Overview
11.1.8.2. Product Portfolio
11.1.8.3. Profitability by Market Segments
11.1.8.4. Sales Footprint
11.1.8.5. Strategy Overview
11.1.8.5.1. Marketing Strategy
11.1.8.5.2. Product Strategy
11.1.8.5.3. Channel Strategy
11.1.9. PolyOne Corporation
11.1.9.1. Overview
11.1.9.2. Product Portfolio
11.1.9.3. Profitability by Market Segments
11.1.9.4. Sales Footprint
11.1.9.5. Strategy Overview
11.1.9.5.1. Marketing Strategy
11.1.9.5.2. Product Strategy
11.1.9.5.3. Channel Strategy
11.1.10. SABIC
11.1.10.1. Overview
11.1.10.2. Product Portfolio
11.1.10.3. Profitability by Market Segments
11.1.10.4. Sales Footprint
11.1.10.5. Strategy Overview
11.1.10.5.1. Marketing Strategy
11.1.10.5.2. Product Strategy
11.1.10.5.3. Channel Strategy
11.1.11. Asahi Kasei Corporation
11.1.11.1. Overview
11.1.11.2. Product Portfolio
11.1.11.3. Profitability by Market Segments
11.1.11.4. Sales Footprint
11.1.11.5. Strategy Overview
11.1.11.5.1. Marketing Strategy
11.1.11.5.2. Product Strategy
11.1.11.5.3. Channel Strategy
11.1.12. WASHINGTON PENN PLASTIC CO., INC.
11.1.12.1. Overview
11.1.12.2. Product Portfolio
11.1.12.3. Profitability by Market Segments
11.1.12.4. Sales Footprint
11.1.12.5. Strategy Overview
11.1.12.5.1. Marketing Strategy
11.1.12.5.2. Product Strategy
11.1.12.5.3. Channel Strategy
11.1.13. Koninklijke DSM N.V.
11.1.13.1. Overview
11.1.13.2. Product Portfolio
11.1.13.3. Profitability by Market Segments
11.1.13.4. Sales Footprint
11.1.13.5. Strategy Overview
11.1.13.5.1. Marketing Strategy
11.1.13.5.2. Product Strategy
11.1.13.5.3. Channel Strategy
11.1.14. Teknor Apex
11.1.14.1. Overview
11.1.14.2. Product Portfolio
11.1.14.3. Profitability by Market Segments
11.1.14.4. Sales Footprint
11.1.14.5. Strategy Overview
11.1.14.5.1. Marketing Strategy
11.1.14.5.2. Product Strategy
11.1.14.5.3. Channel Strategy
12. Assumptions & Acronyms Used13. Research Methodology
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List of Tables
Table 1: Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Market Volume (Tons) Forecast by Region, 2017 to 2032
Table 3: Market Value (US$ Million) Forecast by Product, 2017 to 2032
Table 4: Market Volume (Tons) Forecast by Product, 2017 to 2032
Table 5: Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 6: Market Volume (Tons) Forecast by Application, 2017 to 2032
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List of Charts
Figure 1: Market Value (US$ Million) by Product, 2022 to 2032
Figure 2: Market Value (US$ Million) by Application, 2022 to 2032
Figure 3: Market Value (US$ Million) by Region, 2022 to 2032
Figure 4: Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 5: Market Volume (Tons) Analysis by Region, 2017 to 2032
Figure 6: Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Market Value (US$ Million) Analysis by Product, 2017 to 2032
Figure 9: Market Volume (Tons) Analysis by Product, 2017 to 2032
Figure 10: Market Value Share (%) and BPS Analysis by Product, 2022 to 2032
Figure 11: Market Y-o-Y Growth (%) Projections by Product, 2022 to 2032
Figure 12: Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 13: Market Volume (Tons) Analysis by Application, 2017 to 2032
Figure 14: Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 15: Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 16: Market Attractiveness by Product, 2022 to 2032
Figure 17: Market Attractiveness by Application, 2022 to 2032
Figure 18: Market Attractiveness by Region, 2022 to 2032
