The global flame retardants for aerospace plastics market is
expected to reach USD 29.1 million 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.
Browse full research report on Flame Retardants for Aerospace
Plastics Market: https://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.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/flame-retardants-aerospace-plastics-market/request/rs1
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
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.
For
more info visit @ https://www.grandviewresearch.com
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