Global Halogen-Free Flame Retardant BOPET Films Market - 2022-2029

Global Halogen-Free Flame Retardant BOPET Films Market - 2022-2029

Market Overview

The global halogen-free flame retardant BOPET films market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

A flame retardant (FR) is an ingredient applied to plastic to improve the material's capacity to contain and stop the spread of flames. During the production of plastic products, flame retardant chemicals are applied. The majority of plastic flame retardants are halogen-based. Everyone is familiar with the chemical elements chlorine, bromine and iodine, which are all part of the halogen family. Although halogenated flame retardants are very effective, it has been established that halogen-free flame retardants are safer for both people and the environment. As a result, numerous international rules that specifically mandate halogen-free flame retardants in items made of plastic have been implemented in many industries.

Polyester (BOPET) is a high-performance, crystal clear thermoplastic produced from ethylene glycol and dimethyl terephthalate (DMT). BOPET film provides better tensile strength, excellent dimensional stability, reduced moisture absorption and outstanding physical property retention across a wide temperature range compared to conventional plastic films. It also offers great UV resistance, outstanding optical clarity, high gloss and good gas barrier qualities but moderate moisture barrier properties. It's a good choice for high-performance plastic films and sheets and ideal for quality printing and laminating. It has a relatively high melting point, making it ideal for high-pressure sterilization applications.

Market Dynamics

End-use sectors such as electrical insulation, transportation and building & construction are driving demand for halogen-free flame retardant BOPET films. Stringent regulatory laws against the toxicity of halogenated flame retardants and tight fire-safety criteria are credited with its expansion.

Rising stringent government rules against the toxicity of halogenated flame retardants

When exposed to fire, halogenated flame retardants and synergists are hazardous and emit damaging vapors and fumes. These fire retardants go straight to the heart of the fire. Furthermore, these halogenated flame retardants and certain of their derivatives bio-accumulate in plants, water sources and living beings, harm the environment. When halogenated flame retardants are burnt in a fire, they generate corrosive and toxic fumes, posing a concern to the environment since they bio-accumulate in plants, water sources and living beings.

Due to the rising environmental concerns, governments in several nations have imposed severe limits on the use of halogenated flame retardants and halogenated compounds have been limited in European countries due to their high toxicity. Flame retardants are widely used in electronics, construction, transportation and textiles, prompting producers to develop halogen-free versions to safeguard the environment from harmful chemicals and gases. As a result of the government's rigorous rules, the global market is predicted to grow.

Development of more synergist compounds

Compounds including aluminum/magnesium hydroxides, phosphorus and zinc are added to polymer blends to improve flame retardant efficacy. The combined action of such blends in a polymer matrix is more efficient than the individual effects of the chemicals.

Synergist blends reduce the number of halogenated flame retardants in BOPET films by a percentage of weight, lowering toxicity and improving retardant characteristics. Flame retardants are employed as additives/reactive agents in submicron particles to preserve the original qualities of polymeric materials, allowing manufacturers to obtain a competitive advantage over one another.

High loading levels

The high loading levels in its mineral-based flame retardants are one of the primary stumbling blocks for halogen-free flame retardant BOPET films. Their initial loadings as fillers in the polymer matrix are kept high to achieve flame retardant qualities. Excessive loading raises the density of the finished product and lowers its mechanical qualities (thermal stability). Large amounts of fillers to polymers alter their chemical and rheological properties.

COVID-19 Impact Analysis

The worldwide epidemic has impacted almost every sector of the global economy. Because of the worldwide supply chain disruption, the market for halogen-free flame retardant BOPET films is projected to suffer. The rise of the electronics, building & construction and transportation industries is critical to the market's success.

China is the world's largest market for electronics and building and construction. A strict lockdown has hampered China's construction efforts in the country's major provinces. Construction equipment demand fell sharply in the first quarter of this year, owing primarily to the COVID-19 outbreak. The largest end-use industry using halogen-free flame retardant BOPET films is electrical insulation.

During the first half of 2020, COVID-19 caused significant electronics production and demand disruptions. The pandemic has harmed the electrical supply chain, which is extensively linked worldwide. The electronics industry is an important element of the export sector for several East Asian countries, such as China, Vietnam, Taiwan, South Korea, Singapore, Malaysia, Thailand and the Philippines.

Segment Analysis

By application, the halogen-free flame retardant BOPET films market is segmented into electrical insulation, transportation, building & construction and others.

Rising demand for high-quality electronics to drive electrical insulation growth

During the forecast period, the electrical insulation segment held the highest share of the global halogen-free flame retardant BOPET films market. The market will be driven by high wire and cable manufacturing and rising demand for high-quality consumer gadgets.

Motor windings, transformers, television screen films, battery labels, flexible printed circuits, wires & cables (secondary insulation) and semiconductors use halogen-free flame retardant BOPET films for insulation. Furthermore, halogen-free flame retardant BOPET coatings are utilized to match the required level of fire resistance under fire safety regulations.

Geographical Analysis

Developing countries and rising disposable income in Asia-Pacific

Asia-Pacific is expected to be the largest market for halogen-free flame retardant BOPET films during the projection period, with the greatest CAGR. Asia-Pacific has become an interesting market for halogen-free flame retardant BOPET films due to rapid economic expansion and rising disposable incomes in emerging countries. The region's large usage of halogen-free flame retardant BOPET films is mostly due to the region's great expansion in industrial production, increasing commerce and the implementation of stringent laws.

The largest markets for halogen-free flame retardant BOPET films in China, Japan, South Korea and India. Government rules are being established in Asia-Pacific countries governing these films, which will boost the market during the forecast period. The electrical & electronics industry and the increasing economy are driving the market in this region.

Competitive Landscape

The global market for BOPET films that are halogen-free and flame retardant is crowded. To increase their market position, the corporations have implemented several growth methods. Partnerships, joint ventures, new product launch/development, expansion/investment and mergers & acquisitions are some of the key growth strategies used by these companies to expand their product offering and regional presence to meet the rising demand for halogen-free flame retardant BOPET films from emerging economies.

Mitsubishi Chemical Holdings Corporation launched a new subsidiary, Mitsubishi Chemical Holdings Asia Pacific Pte. Ltd., in December 2020. (Singapore). This new expansion aims to improve governance in Asia-Pacific.

DuPont Teijin Films introduced Melinex FR32x PET films, a clear flame retardant halogen-free PET polyester film, in April 2020. The films meet UL's VTM-0 flame rating classification and can be utilized in the electronics, industrial, transportation, label and construction industries, according to ANSI / UL 94. The company will meet the growing demand for high-performance, environmentally friendly PET films thanks to the new product launch.

Toray Industries, Inc. opened a new R&D Innovation Center in Otsu, Japan, in December 2019. This expansion aims to fuel growth by developing technologies and utilizing research through collaboration between the company's local and international production and sales locations.

Under the trademark Melinex TCH, DuPont Teijin Films developed a wide range of extremely clear Ultra-Violet (UV) stable polyester films in October 2019. These innovative products prevent UV light while maintaining optical and mechanical qualities throughout use. It will help the company expand its product line and meet the growing need for UV-stable polyester films in the flexible electronics, lighting, solar and label industries.

Major global halogen-free flame retardant BOPET films market companies include Toray Industries Inc, Mitsubishi Chemical Holdings Corporation, DuPont Teijin Films, Shanghai Huzheng Industrial Co., Ltd., Mainyang Prochema Commercial Co. Ltd., Teraoka Seisakusho Co. Ltd., Ashland Inc, Covestro AG, Rogers Corporation and Sumitomo Chemical.

Toray Industries Inc.

Overview: Toray Industries, Inc., located in Japan, was founded in 1926 and specializes in industrial products based on organic synthetic chemistry, polymer chemistry and biochemistry technologies. Fibers & textiles, as well as plastics & chemicals, were the company's first business sectors. Pharmaceuticals, biotechnology and R&D, medical products, reverse big osmosis membranes, electronics, IT products, housing & engineering and advanced composite materials have all been added to its portfolio. The corporation has operations in more than 29 countries throughout the world.

Product Portfolio: Resins, films, chemicals, electronics and information materials are the company's four product categories in the field of performance chemicals. It manufactures products for various industries, including automotive, telecommunications, electronics and environmental & energy.

Key Development: Toray Industries, Inc. launched the Ecouse range of environmentally friendly Polyethylene Terephthalate (PET) films in December 2020. PET films used in electronic component applications are recycled to create Ecouse PET films. The revolutionary film will help reduce carbon dioxide emissions by 30-50 percent compared to traditional films. Packaging, electronic components and display items all employ it. This new product development aims to expand the company's product offering with sustainable products.

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• Visualize the composition of the halogen-free flame retardant BOPET films market segmentation by type, application and region, highlighting the critical commercial assets and players.
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• Product mapping in excel for the key product of all major market players

The global halogen-free flame retardant BOPET films market report would provide access to an approx. 53 market data table, 42 figures and 206 pages.

Target Audience 2022
• Halogen-Free Flame Retardant BOPET Films Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Halogen-Free Flame Retardant BOPET Films Manufacturers