The global flame retardant resins market size was valued at USD 51.93 billion in 2023. The market is projected to expand from USD 53.79 billion in 2024 to USD 72.72 billion by 2032, exhibiting a CAGR of 3.8% during the forecast period.

Infused with a mix of mineral fillers and intumescent additives, flame retardant resins elevate thermoplastic viscosity, flexibility, and thermal stability, effectively inhibiting plastic ignition and fire propagation in diverse applications from electronics to construction. Growing recognition of the catastrophic consequences of fire accidents among consumers, businesses, and regulatory bodies is fueling the demand for products as a proactive measure to minimize fire risks across sectors such as construction and automotive.

Fortune Business Insights™ provides this information in its research report, titled “Flame Retardant Resins Market, 2024-2032”.

List of Key Players Mentioned in the Report:

• Asahi Kasei Corporation (Tokyo)
• BASF SE (Germany)
• Covestro AG (Germany)
• DuPont (U.S.)
• Idemitsu Kosan Co.,Ltd. (Japan)
• LANXESS (Germany)
• Mitsubishi Engineering-Plastics Corporation (Japan)
• RTP Company (U.S.)
• Solvay (Belgium)

Flame Retardant Resins Market Segmentation:

ABSSegment to Lead owing to Superior Material Properties

On the basis of resin, the market is fragmented into ABS, PC/ABS Alloy, Polystyrene (PS), PS/PPE Alloy, Polypropylene (PP), PA & PA66, PC/ABS Alloy, PVC, PS/PPE Alloy, PBT, and others. The ABS segment is likely to capture the largest market share during the forecast period. The exceptional impact strength, stiffness, and flame retardant qualities of ABS makes it a preferred choice for critical applications such as computer housings.

Electrical and Electronics Segment Led due to Inherent Material Properties

By application, the market is segmented into electrical & electronics (TV, Audio, PC, game, copier, refrigerator, and others); building & construction; automotive (exterior, interior, LIB cover for EV, and others); aerospace & defense, and others. The electrical and electronics segment secured the most significant flame retardant resins market share in 2023. The unique properties of flame retardant, such as flexibility, high impact strength, exceptional flame retardancy, and electrical insulating properties, contribute to their widespread adoption in various electronics-related applications.

In terms of region, the market is categorized into Europe, North America, the Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage: