Global BDP Flame Retardants Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global BDP Flame Retardants Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

BDP Flame Retardant is a halogen-free bisphosphate flame retardant for engineering resins with low volatility, excellent hydrolytic stability, and high thermal stability to withstand the high processing temperatures required for engineering resins. BDP stands for bisphenol diphenyl phosphate. Phosphorous flame retardants react with free radicals such as BFR and can act in the condensed phase by causing expansion or forming inorganic glasses. BDP flame retardant is usually used as a flame retardant of ABS, EP, HIPS, SBS, PC, PPO, and other adhesives.

Market Overview:

The latest research study on the global BDP Flame Retardants market finds that the global BDP Flame Retardants market reached a value of USD 896.16 million in 2022. It’s expected that the market will achieve USD 2073.27 million by 2028, exhibiting a CAGR of 15.0% during the forecast period.

Trade restrictions impact supply chains during COVID-19 pandemic

The lockdown due to the COVID-19 pandemic has had a major impact on producers' supply chains, as supplies of goods and resources are limited. Trade restrictions, especially in countries such as China and India, have led to shortages of raw materials for companies. Due to the factors that restrict the manufacturing capacity of enterprises, the production frequency of finished products is low. In addition, production costs are often affected by changes in raw material prices, which presents further challenges to BDP flame retardant producers and suppliers. Additionally, many BDP flame retardant producers and suppliers have reduced or closed down their manufacturing facilities due to supply chain disruptions, shortages of raw materials and personnel, and strict government controls.

The growing construction industry is expected to drive the BDP flame retardants market

Construction activities coupled with advanced safety installations, rising construction activities to develop new industries, and new businesses, launching high-end residential projects, and implementation of stringent fire safety codes are positively impacting the BDP flame retardants market. Furthermore, the expansion of commercial and residential sectors, remodeling, and rebuilding of houses has led to higher demand for BDP flame retardant products. Rising construction activities are expected to drive the growth of the BDP flame retardants market. In addition, BDP flame retardant products are also used in electronic appliances, wires and cables, auto parts, and transportation. Consumption of BDP flame retardant products by these sectors has led to increased demand. These factors are expected to drive the booming BDP flame retardant market.

The increase in the consumption of engineering plastics driven by new energy vehicles will drive the growth of the BDP flame retardant market

Automobile lightweight will become the inevitable trend of future automobile development. Modified plastics will effectively help various types of automobiles reduce the weight of components, thereby reducing fuel consumption or power consumption and increasing mileage. Engineering plastics are one of the important materials to help lightweight cars. Engineering plastics include polycarbonate (PC), polyamide (PA), polyoxymethylene (POM), thermoplastic polyester, polyphenylene oxide (PPO), and other five categories, because of their good mechanical properties, heat resistance, electrical insulation, and other excellent properties, can be used as engineering materials and replace metal manufacturing machine parts and so on. In the application fields of engineering plastics, such as automobiles, electronic appliances, etc., flame retardancy is one of the essential properties, and engineering plastic flame retardants play an important role. Different from ordinary PP/PE materials, engineering plastics have better flame retardancy and mechanical properties, and are suitable for use as building materials. The application fields of engineering plastics in electric vehicles can be divided into four categories: power batteries, charging piles, body, and functional parts, and power electronic devices, covering more than 20 specific parts. In addition, new energy vehicles have also brought about the demand for charging piles. The new energy vehicle charging pile is mainly composed of structural parts (charging pile casing, charging gun casing, power module casing) and electrical components (plugs, sockets, circuit breakers, contactors), including charging cable piles. Structural parts are mostly made of PC or PC/ABS alloy materials. Electrical components have high requirements for flame retardancy and electrical performance. Optional materials include modified PET, modified PBT, modified nylon PA6, PA66, etc. The main cable materials include TPE, TPU, XLPE, etc. A large number of applications of general and engineering plastics also put forward higher requirements for materials' flame-retardant properties. Therefore, the increase in the consumption of engineering plastics driven by new energy vehicles is expected to accelerate the growth of the BDP flame retardant market.

Region Overview:

In 2022, the share of the BDP Flame Retardants market in China stood at 32.01%.

Company Overview:

Zhejiang Wansheng is one of the major players operating in the BDP Flame Retardants market, holding a share of 30.61% in 2023.

Zhejiang Wansheng

Since its establishment, Zhejiang Wansheng has been focusing on the production, R&D and sales of functional fine chemicals, and is the world's leading producer and supplier of phosphorus-based flame retardants.

ADEKA

ADEKA is a Japanese chemical company with more than a century of experience in developing and producing various unique products with strong technical strength and reliable quality.

Segmentation Overview:

By type, PC/ABS segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Electrical & Electronics segment occupied the biggest share from 2018 to 2022.

Key Companies in the global BDP Flame Retardants market covered in Chapter 3:

Jiangsu Yoke
Anhui Runyue
Zhejiang Wansheng
ADEKA
Daihachi Chemical
Shandong Moris
Total

In Chapter 4 and Chapter 14.2, on the basis of types, the BDP Flame Retardants market from 2018 to 2029 is primarily split into:

PC/ABS
PCB/Epoxy
PPO/HIPS

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the BDP Flame Retardants market from 2018 to 2029 covers:

Building & Construction
Electrical & Electronics
Wires & Cables
Transportation
Automobile Parts
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)