North America Flame Retardant Thermoplastic Market Size, Share & Trends Analysis Report By Product (Acrylonitrile Butadiene Styrene, Polycarbonate, Polypropylene, Polystyrene), By Country, And Segment Forecasts, 2024 - 2030
North America Flame Retardant Thermoplastic Market Growth & Trends
The North America flame retardant thermoplastics market size is anticipated to reach USD 5.66 billion by 2030 and it is projected to grow at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increase in use of environment-friendly and energy-saving products is also expected to influence the market positively. Ongoing research & developments in technology-based flame retardant thermoplastics are likely to boost the market growth as they offer excellent strength and thermal resistance with lower thickness. Technological breakthroughs, innovations, and studies carried out to expand the product’s application scope are projected to foster the demand.
Rising utilization of flame-retardant thermoplastics in the electrical & electronics, automotive & transportation, building & construction, and industrial application sectors is expected to push the manufacturers to backward integration in the value chain during the coming years. Greater participation in the value chain is likely to result in time reduction for transforming raw materials into finished products and in gaining cost advantage.
Increasing fire safety regulations and rising demand for lightweight and high-performance materials are expected to propel the demand of flame retardant thermoplastics market in North America. Stringent fire safety regulations across the region are mandating the use of flame retardant materials across numerous industries such as building & construction, electrical & electronics, and consumer goods.
Flame retardant additives are anticipated to increase the production costs of flame retardant thermoplastics, impacting their prices and market competitiveness. In addition, some flame retardant additives negatively impact the mechanical properties of thermoplastics requiring high optimization to maintain desired performance.
North America Flame Retardant Thermoplastic Market Report Highlights
- In terms of product, the Acrylonitrile butadiene styrene (ABS) segment dominated the market in 2023 with a largest revenue share of 34.0%. The properties of ABS resin, such as high strength, rigidity, dimensional stability, and low cost over other substitutes make it suitable for various industries.
- In terms of product, the demand for polycarbonate in electrical & electronics and automotive & transportation applications has been tremendously rising in the recent past. It is easily moldable and flexible, making it an ideal material for thermoforming applications
- Major companies, such as Electronic Arts Inc., Nintendo, Zynga, and Activision Publishing, Inc., among others, in the gaming industry organize global gaming tournaments that require the construction of various game zones for practicing games. Thus, the growing gaming industry is expected to grow the fastest CAGR of the North America flame-retardant thermoplastics market during the forecast period.
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Snapshot, 2023
- 2.2. Segment Snapshot, 2023
- 2.3. Competitive Landscape Snapshot
- Chapter 3. North America Flame Retardant Thermoplastics Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Flame Retardant Thermoplastics Market Outlook
- 3.1.2. Global Thermoplastics Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.3. Technology Overview
- 3.3.1. Manufacturing Technology
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. North America Flame Retardant Thermoplastics Market- Business Environment Analysis
- 3.6.1. Industry Analysis- Porter’s Five Force Analysis
- 3.6.2. Industry Analysis- Macroeconomic Factors Analysis
- 3.7. East European Geopolitical Implication of the Industry Overview
- 3.8. Impact of COVID-19 on North America Flame Retardant Thermoplastics Market
- Chapter 4. North America Flame Retardant Thermoplastics Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. North America Flame Retardant Thermoplastics Market Estimates & Forecast, by product, 2018 to 2030 (Kilotons) (USD Million)
- 4.3. Acrylonitrile Butadiene Styrene (ABS)
- 4.3.1. North America Flame Retardant Thermoplastics Market, Estimation and Forecast, by Acrylonitrile Butadiene Styrene (ABS), 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Polycarbonate (PC)
- 4.4.1. North America Flame Retardant Thermoplastics Market, Estimation and Forecast, by Polycarbonate (PC), 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Polypropylene (PP)
- 4.5.1. North America Flame Retardant Thermoplastics Market, Estimation and Forecast, by Polypropylene (PP), 2018 - 2030 (Kilotons) (USD Million)
- 4.6. Polystyrene (PS)
- 4.6.1. North America Flame Retardant Thermoplastics Market, Estimation and Forecast, by Polystyrene (PS), 2018 - 2030 (Kilotons) (USD Million)
- Chapter 5. North America Flame Retardant Thermoplastics Market: Country Estimates & Trend Analysis
- 5.1. Country Movement Analysis & Market Share, 2023 & 2030
- 5.2. North America
- 5.2.1. North America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2. U.S.
- 5.2.2.1. Key country dynamics
- 5.2.2.2. U.S. North America Flame Retardant Thermoplastics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3. Canada
- 5.2.3.1. Key country dynamics
- 5.2.3.2. Canada North America Flame Retardant Thermoplastics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4. Mexico
- 5.2.4.1. Key country dynamics
- 5.2.4.2. Mexico North America Flame Retardant Thermoplastics market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- Chapter 6. North America Flame Retardant Thermoplastics Market - Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Market Share/Position Analysis, 2023
- 6.4. Company Heat Map Analysis
- 6.5. Strategy Mapping
- 6.5.1. Expansion
- 6.5.2. Mergers & Acquisition
- 6.5.3. Partnerships & Collaborations
- 6.5.4. New Product Launches
- 6.5.5. Research And Development
- 6.6. Company Profiles
- 6.6.1. BASF SE
- 6.6.1.1. Participant’s overview
- 6.6.1.2. Financial performance
- 6.6.1.3. Product benchmarking
- 6.6.1.4. Recent developments
- 6.6.2. LANXESS
- 6.6.2.1. Participant’s overview
- 6.6.2.2. Financial performance
- 6.6.2.3. Product benchmarking
- 6.6.2.4. Recent developments
- 6.6.3. Dow, Inc.
- 6.6.3.1. Participant’s overview
- 6.6.3.2. Financial performance
- 6.6.3.3. Product benchmarking
- 6.6.3.4. Recent developments
- 6.6.4. ICL
- 6.6.4.1. Participant’s overview
- 6.6.4.2. Financial performance
- 6.6.4.3. Product benchmarking
- 6.6.4.4. Recent developments
- 6.6.5. RTP Company
- 6.6.5.1. Participant’s overview
- 6.6.5.2. Financial performance
- 6.6.5.3. Product benchmarking
- 6.6.5.4. Recent developments
- 6.6.6. Huber Engineered Materials
- 6.6.6.1. Participant’s overview
- 6.6.6.2. Financial performance
- 6.6.6.3. Product benchmarking
- 6.6.6.4. Recent developments
- 6.6.7. Clariant AG
- 6.6.7.1. Participant’s overview
- 6.6.7.2. Financial performance
- 6.6.7.3. Product benchmarking
- 6.6.7.4. Recent developments
- 6.6.8. Plastic Color Corporation
- 6.6.8.1. Participant’s overview
- 6.6.8.2. Financial performance
- 6.6.8.3. Product benchmarking
- 6.6.8.4. Recent developments
- 6.6.9. Albemarle Corporation
- 6.6.9.1. Participant’s overview
- 6.6.9.2. Financial performance
- 6.6.9.3. Product benchmarking
- 6.6.9.4. Recent developments
- 6.6.10. PolyOne Corporation
- 6.6.10.1. Participant’s overview
- 6.6.10.2. Financial performance
- 6.6.10.3. Product benchmarking
- 6.6.10.4. Recent developments
- 6.6.11. SABIC
- 6.6.11.1. Participant’s overview
- 6.6.11.2. Financial performance
- 6.6.11.3. Product benchmarking
- 6.6.11.4. Recent developments
- 6.6.12. Asahi Kasei Corporation
- 6.6.12.1. Participant’s overview
- 6.6.12.2. Financial performance
- 6.6.12.3. Product benchmarking
- 6.6.12.4. Recent developments
- 6.6.13. WASHINGTON PENN PLASTIC, CO., INC.
- 6.6.13.1. Participant’s overview
- 6.6.13.2. Financial performance
- 6.6.13.3. Product benchmarking
- 6.6.13.4. Recent developments
- 6.6.14. Koninklijke DSM N.V.
- 6.6.14.1. Participant’s overview
- 6.6.14.2. Financial performance
- 6.6.14.3. Product benchmarking
- 6.6.14.4. Recent developments
- 6.6.15. Teknor Apex
- 6.6.15.1. Participant’s overview
- 6.6.15.2. Financial performance
- 6.6.15.3. Product benchmarking
- 6.6.15.4. Recent developments
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