The global flame retardantsfor aerospace plastics market is expected to reach USD
29.1million by 2022, according to a new report by Grand View Research, Inc.
Growing plastics demand owing to lower airframe weight and fuel savings is
anticipated to remain a major driving factor for the global market.
Increasing air passenger traffic and evolving safety standards are also
expected to have a positive influence on industry growth. Volatile price of key
raw materials such as aluminum, phosphorous and nitrogen are expected to pose
challenges to industry growth.
Aluminum trihydrate (ATH) was the most popular flame retardant used
widely as a synergist across aerospace plastic applications, on account of its
low cost and abundant availability. ATH accounted for over 40% of total demand
in 2014. Organophosphates/phosphorous compounds are expected to witness the
highest growth of 5.9% from 2015 to 2022.
Full research report on flame retardants for
aerospace plastics market analysis: http://www.grandviewresearch.com/industry-analysis/flame-retardants-aerospace-plastics-market
Further key findings from the report suggest:
·
Global flame retardants for aerospace
plastics market volume was 4,099.7 tons in 2014 and is expected to reach
5,763.1 tons by 2022, growing at a CAGR of 5.3%from 2015 to 2022
·
Carbon fiber reinforced plastics (CFRP)
emerged as the leading application segment and accounted for over 30% of total
demand in 2014. The material is widely utilized in defense jets as armor
shields owing to its high impact resistance, in order to reduce accidental
damage to engine pylons. CFRP is also expected to witness the highest growth of
5.8% from 2015 to 2022.
·
Polycarbonates is also expected to witness
significant growth owing to their increasing penetration in aerospace industry
on account of their optical clarity and high transparency, coupled with
durability and extreme tolerance to duress in aircraft components.
·
Europe was the leading regional market
owing to vast presence of major airline companies such as Boeing, Airbus, Rolls
Royce Holding and others. Europe accounted for 43.8% of global demand in 2014.
·
Asia Pacific remains the fastest growing
market owing to expanding aviation industry and rising consumer disposable
income in emerging economies such as China, India, Vietnam, Indonesia and
Thailand. The region is likely to grow at a CAGR of 7.2% from 2015 to 2022.
·
The global industry is characterized by
high level of integration among major chemical and flame retardant
manufacturers such as BASF and the Dow Chemical Company. Key participants in
the industry include Solvay, Sinochem, Israel Chemicals, Royal DSM, Rio Tinto,
DIC Corporation, Ciba, Chemtura, Albemarle, Clariant Corporation and BASF.
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the flame retardants for aerospace
plastics market on the basis of product, applicationand region:
Global Flame
Retardants for Aerospace Plastics Product Outlook (Volume, Tons; Revenue, USD
Million, 2012 - 2022)
·
Antimony Oxide
·
Aluminium Trihydrate
·
Organophosphates
·
Boron Compounds
·
Others
Global Flame
Retardants for Aerospace Plastics Application Outlook (Volume, Tons; Revenue,
USD Million, 2012 - 2022)
·
Carbon Fiber Reinforced Plastic (CFRP)
·
Glass Reinforced Plastic (GRP)
·
Polycarbonate
·
Thermoset Polyimide
·
Acrylonitrile Butadiene Styrene (ABS)
·
Acetal/Polyoxymethylene (POM)
·
Epoxies
·
Others
Global Flame
Retardants for Aerospace Plastics Regional Outlook (Volume, Tons; Revenue, USD
Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-flame-retardants-aerospace-plastics-market
https://www.grandviewresearch.com/press-release/global-flame-retardants-aerospace-plastics-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
