Low Smoke Halogen Free Flame Retardant Polypropylene Market to be majorly impacted by construction sector over 2016-2023, APAC to be a promising growth avenue
The growth graph of Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market will observe an upswing owing to the adoption of key business strategies such as the launch of technological innovations and the development of unique, state-of-the-art products by vital manufacturers across the globe. A recent instance of aforementioned fact is that of ADEKA Corporation’s phosphorus flame retardants emitting lesser percentage of carbon emissions. The Underwriters Laboratories, a U.S. based safety consulting & certification firm, had verified and certified ADEKA Corporation’s marketing claim that its ADK STAB FP-2000 series products, phosphorus flame retardants, emitted 89% lesser carbon monoxide emissions along with 99% lower smoke under the flaming environment when treated with polypropylene (PP) sample as compared to the PP sample treated with bromide. The global business sector has witnessed an emerging trend towards the use of halogen-free flame retardants offering low smoke performance in surface finishes, textiles, plastics, coatings, and rubbers. Supported by such emerging technological trends, the usage of these flame retardants is slated to penetrate the indoor wiring, aerospace, appliance wiring, and railway sectors in the near future, thereby propelling low smoke halogen free flame retardant polypropylene industry share.
Europe low smoke halogen free flame retardant polypropylene (PP) market size, by application, 2012-2023 (USD Million)
In June 2013, Addivant™ LLC, a global supplier of polymer modifiers, antioxidants, inhibitors, UV stabilizers, and polymer additives, had introduced a new kind of polymer modifier, referred to as Polybond, that helps halogen free polyolefin compounds substitute poly vinyl chloride in flame retardant cables. This resulted in the escalated popularity of halogen free polyolefin compounds across the building & construction, transport, house appliances, and electronic & electrical sectors, thereby providing a positive impetus to low smoke halogen free flame retardant polypropylene (PP) industry revenue.
Regulations governing low smoke halogen free flame retardant polypropylene market:
The risks of environmental damage associated with the emission of flame retardants have compelled government authorities across the world to introduce stringent laws, which can impede the growth of low smoke halogen free flame retardant polypropylene industry. However, the enactment of certain laws can also help prevent unnecessary accidents and impel the development of low smoke halogen free flame retardant polypropylene market.
Get a Sample Copy of this Report@ https://www.gminsights.com/request-sample/detail/403
Halogen free flame retardants are best used for delaying the fire outbreaks in a rather effective manner and for regulating VOC emission levels. Alongside, it is prudent to mention that government authorities across the world have introduced new safety guidelines to curb fire eruptions, which will significantly propel low smoke halogen free flame retardant polypropylene market in the ensuing years. Global Market Insights, Inc., has forecast low smoke halogen free flame retardant polypropylene industry to grow at a rate of over 8.5% during the period from 2016 to 2023.
Elevated demand for halogen free flame retardants offering low smoke performance will steer North America low smoke halogen free flame retardant polypropylene (PP) industry over the next few years. The region accounted for more than 30% of global industry size in 2015, with the United States being one of chief revenue contributors.
Asia Pacific low smoke halogen free flame retardant polypropylene (PP) market is predicted to make substantial contributions toward the regional landscape over the years ahead. As per analysts, the region is forecast to record a CAGR of 8.5% over 2016 to 2023. The escalating growth in the number of construction and infrastructure ventures across the countries such as India and China is anticipated to favorably leverage low smoke halogen free flame retardant polypropylene (PP) market. For instance, government spending on the construction projects in China was estimated at more than USD 1.63 trillion and will rise to manifold over the coming timeframe.
Most of the players operating in low smoke halogen free flame retardant polypropylene market have exhibited an interest in the development of new flame retardant products for the electrical & electronics, automotive, packaging, construction, industrial, and labelling sectors, by tailoring the product to suit their growing business requirements. Speaking of which, some of the noteworthy firms that are forecast to influence low smoke halogen free flame retardant polypropylene (PP) market share include Albemarle Corporation, BASF Corporation, FRX Polymers Incorporation, ICL, E. I. Du Pont de Nemours and Company, PolyOne Corporation, Chemtura Corporation, Nabaltec AG, Thor Group Limited, RTP Company, Clariant, Lanxess A.G., Huber Engineered Materials, Koninklijke DSM N.V., and Delamin Limited.
Author Name : Dhananjay Punekar