Low Smoke Halogen Free Flame-Retardant Polypropylene Market is segmented by End-Use Industry Type (Automotive, Building and Construction, Electrical and Electronics, and Others) and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, and Others]).
Low Smoke Halogen Free Flame-Retardant Polypropylene Market is segmented by End-Use Industry Type...
The Low Smoke Halogen Free Flame-Retardant Polypropylene Market is expected to grow at a promising CAGR of 7.8% during the forecast period.
What is low smoke halogen free flame-retardant polypropylene?
Low smoke halogen free flame-retardant polypropylene is used in wires and cables to form fire-safe jackets around them. Due to custom compounding, its exposure to a fire produces minimal smoke and low toxicity. Its jacketing is usually used in low-ventilation areas such as plenums, aircraft, rail cars, and tunnels in which smoke is expected to build up and come into human contact. Certain regulations, such as the EU's Restriction of Hazardous Substances (RoHS) directive, and North American Safety and Environmental standards, among others, apply to the product.
Market Dynamics
The easy availability of polypropylene, the increased focus on fire safety, government regulations, and the substitution of halogen-based flame retardants with halogen-free products would all drive market growth over the forecast period. The increasing focus on fire safety has increased the use of polypropylene-based flame retardant products in industries such as construction, automotive, industrial, and electrical and electronics. The government's regulatory support for the product is also important in supporting its demand. The market is also benefiting from a shift away from halogen-based flame retardants in response to environmental and health concerns.
Low Smoke Halogen Free Flame-Retardant Polypropylene Market Features
Market Growth (2022-2027)
7.8% CAGR
Base Year of Study
2021
Trend Period
2016-2020
Forecast Period
2022-2027
Covid-19 Impact
The pandemic harmed the low smoke halogen free flame-retardant polypropylene market, as various end-use industries suffered setbacks due to supply chain disruption, low market demand, cash flow constraints, and nationwide lockdowns. All of these factors combined to reduce the market demand for the product.
Segments Analysis
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories-
By End-Use Industry Type
Automotive
Building and Construction
Electrical and Electronics
Others
By Region
North America
Europe
Asia-Pacific
Rest of the World
By End-Use Industry Type
The market is segmented as automotive, building and construction, electrical and electronics, and others. Building and construction are likely to remainthe biggest demand generator for low smoke halogen free flame-retardant polypropylene in the foreseen future. Furthermore, due to the product's environmentally friendly nature, its demand is expected to rise further across the industry. The product is used in the building and construction industries for cable jacketing as well as corrugated sheets.
Regional Analysis
In terms of regions, Asia-Pacific is expected to remain the largest market for low smoke halogen free flame-retardant polypropylene over the forecast period owing to China’s largest construction market and electronics production base, globally. The region’s market is also projected to experience the highest growth over the coming years on account of the expected growth of the electronics industry in India, whereas the EV industry is in both India and China. North America and Europe are also expected to offer sizeable growth opportunities in the coming years.
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Key Players
The following are some of the key players in the low smoke halogen free flame-retardant polypropylene market:
RTP Company
MERICK POLYMERS CO. LTD.
POLYROCKS CHEMICAL CO. LTD.
Dongguan Hengjia Plastic Technology Co. Ltd
LATI Industria Termoplastici SpA
Kowa Kasei Co. Ltd.
Borealis AG
Axipolymer Incorporation
Avient Corporation
BASF SE
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Low Smoke Halogen Free Flame-Retardant Polypropylene Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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Easy availability of polypropylene, increasing focus on fire safety, government regulations, and substitution of halogen-based flame retardants with halogen-free products would drive the growth of the market over the forecast period.
The building and construction industry is likely to maintain its dominance in the market in the next five years owing to the significant usage of the product in buildings to avert the high risk of fire incidents.
Asia-Pacific is estimated to be dominant in the low smoke halogen free flame-retardant polypropylene market in the coming years owing to China’s largest construction market and electronics production base, globally.
RTP Company, MERICK POLYMERS CO. LTD., POLYROCKS CHEMICAL CO. LTD., Dongguan Hengjia Plastic Technology Co. Ltd, LATI Industria Termoplastici SpA, Kowa Kasei Co. Ltd., Borealis AG, Axipolymer Incorporation, Avient Corporation, BASF SE are among the key players in the market.
