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  • Low Smoke Halogen Free Flame Retardant Polypropylene Market Report

    Low Smoke Halogen Free Flame Retardant Polypropylene Market Report

    Low Smoke Halogen Free Flame Retardant Polypropylene Market Report
    Report code - SR2209 Delivery - 2 Weeks
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    Low Smoke Halogen Free Flame-Retardant Polypropylene Market Size, Share, Trend, Forecast, See more...

    Market Insights

    Low smoke halogen free flame-retardant polypropylene is used in wires and cables to form fire-safe jacket around them. Due to custom compounding, its exposure to fire produces minimal smoke and low-toxicity. Its jacketing is usually used in low-ventilation areas such as plenum, 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, North American Safety and Environmental standards, among others, apply to the product.
    The pandemic had a negative impact on 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.
    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. 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 the market growth over the forecast period. Driven by various growth factors, the low smoke halogen free flame-retardant polypropylene market is expected to grow at a promising CAGR of 7.8% during the forecast period.

    Segment Analysis

    Based on the end-use industry type, the market is segmented as automotive, building and construction, electrical and electronics, and others. Building and construction is likely to remain the 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.

    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 coming years on account of expected growth of the electronics industry in India, whereas the EV industry in both India and China. North America and Europe are also expected to offer sizeable growth opportunities in the coming years. 

    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 strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s low smoke halogen free flame-retardant polypropylene market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both 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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The low smoke halogen free flame-retardant polypropylene market is segmented into the following categories:

    Low Smoke Halogen Free Flame-Retardant Polypropylene Market, by End-Use Industry Type

    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Building and Construction (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Electrical and Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Low Smoke Halogen Free Flame-Retardant Polypropylene Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report 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

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQ)

    The low smoke halogen free flame-retardant polypropylene market is estimated to grow at a healthy CAGR of 7.8% over the next five years. Easy availability of polypropylene, increasing focus toward fire safety, government regulations, and substitution of halogen-based flame retardants with halogen-free products would drive the growth of the market over forecast period.

    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.

    Asia-Pacific is estimated to be dominant in the low smoke halogen free flame-retardant polypropylene market in the coming years owing to Chinas largest construction market and electronics production base, globally.

    Asia-Pacific is estimated to grow at the fastest rate in the coming five years owing to the growing EV and electronics industries in the region.

    Building and construction industry is likely to maintain its dominance in the market in the next five years owing to significant usage of the product in buildings to avert high risk of fire incidents.

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