Global Flame Retardant Plastics Market Report to 2030: Increasing Demand for Thermoplastics to Reduce Carbon Emissions Drives Growth
The global market for flame retardant plastics had a size of USD 46.26 billion in 2021 and is anticipated to grow at a revenue CAGR of 3.7% throughout the forecast period.
- The global market for flame retardant plastics had a size of USD 46.26 billion in 2021 and is anticipated to grow at a revenue CAGR of 3.7% throughout the forecast period.
- The market growth is driven by several factors, such as the increasing demand for thermoplastics to reduce carbon emissions, rising demand for flame retardant plastics in the electrical and electronics sectors, high demand for reducing fire hazards in the automotive and construction industries, and growing demand for non-halogenated polymers.
- Flame retardant chemicals are added to polymers to ensure that they are safer to use in terms of fire.
- Rising demand for flame retardant plastics in electrical, electronics and construction sectors
High demand to reduce fire hazards in building and construction, and automotive industries