Tuesday, 1 September 2015

Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market Segment Forecasts up to 2023, Research Reports- Transparency Market Research

Advancements in denier polypropylene fiber, which has in-built flame retardant properties, have created significant interest among various end-user industries such as packaging, construction, aerospace& aircraft, electrical &electronics, and automotive. Currently, there are two methods that are popular in the flame retardant polypropylene market: halogenated and non-halogenated. Both these methods have been effective in imparting flame retardant properties to polypropylene polymer; however, non-halogenated flame retardants are preferred to halogenated flame retardants. Halogenated flame retardants use bromine and chlorine chemicals for fire safety purposes. However, increasing consumer awareness regarding environmental safety and rising number of government regulations on low smoke flame retardant polymers have hampered the usage of halogen flame retardant polypropylene. Therefore, the use of halogenated (brominated and chlorinated) flame retardant polypropylene has been waning in the flame retardant polypropylene market. Non-halogenated(halogen free)flame retardants include alumina trihydrate (ATH), magnesium hydroxide (MDH), nitrogen, antimony trioxide, and phosphorous-based flame retardant polypropylene.

Low smoke halogen-free flame retardant polypropylene is a type of polymer that offers high resistance to fire. This property helps delay the combustion process; moreover, it produces little smoke when burnt. Currently, halogen-free flame retardant polypropylene is considered to be a promising flame retardant due to its environment-friendly properties. Construction industry is one of the major end-users of the low smoke halogen-free flame retardant polypropylene market. Increasing usage of low smoke halogen-free flame retardant polymers in wires and cables applications is another driving factor for the market. Development of synergistic systems of polypropylene with other polymers such as epoxy resins, engineered polymers (ETP), and styrenics is expected to provide significant opportunities for growth of the low smoke halogen-free flame retardant polypropylene market during the forecast period.

Biodegradable low smoke halogen-freeflame retardant polymers and composites are anticipated to provide significant growth opportunities to the low smoke halogen-free flame retardant polypropylene market in the near future. Based on end-user industries, the market can be divided into six major segments: building and construction, electrical and electronics, automotive, aerospace and aircraft, wires and cables, and others.

Low smoke halogen-free flame retardant polypropylene is used significantly in end-user industries such as construction, electrical and electronics, and automotive. This can be ascribed to the fact that these industries have high degree of fire risk, which can cause significant loss of life and property. Construction is the most crucial end-user industry in the low smoke halogen-free flame retardant polypropylene market. Increasing amount of flame retardant plastics and polymers provides thermal insulation to the residential and office buildings. This is one of the factors driving the construction industry. Similarly, demand for environment-friendly flame retardant polypropylene is rising in the automotive end-user industry for the production of automotive parts, seat covers, automotive interiors, and under hoods of cars.

Asia Pacific and Europe are the key markets for low smoke halogen-free flame retardant polypropylene. China constitutes the largest market for low smoke halogen-free retardant polypropylene in Asia Pacific due to robust industrialization in the country. This has resulted in strong growth of the construction industry in China. Thus, the low smoke halogen-free flame retardant polypropylene market in Asia Pacific is anticipated to witness substantial growth during the forecast period. Western Europe held significant share of the global low smoke halogen-free flame retardant polypropylene market in 2014. Automotive is the one of the major end-user segments driving the low smoke halogen-free flame retardant polypropylene market in Western Europe. Aerospace and aircraft accounted for substantial share of the low smoke halogen-free flame retardant polypropylene market in North America in 2014.

Some of the leading players in the low smoke halogen free flame retardant polypropylene market include SIMONA AMERICA INC., Albemarle Corporation, Vycom Corporation, E. I. du Pont de Nemours and Company (DuPont), Dover Chemical Corporation, Bayer AG, The Lubrizol Corporation, RTP Company, Teknor Apex Company, Celanese Corporation, and Lati S.p.A.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

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