Flame Retardants for Aerospace Plastics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Flame Retardants for Aerospace Plastics Market Analysis
The flame retardants for aerospace plastics market is expected to register a CAGR of over 3% during the forecast period. The growing safety concerns related to the flammability of aerospace plastics and the increasing usage of plastic for maintaining the optimal weight of the aircraft have been driving the demand for aerospace plastic flame retardants. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- The growing demand for commercial aircraft is expected to offer various opportunities for the growth of the market.
- The carbon fiber reinforced polymer segment is expected to dominate the flame retardants for the aerospace plastics market over the forecast period.
- The Asia-Pacific region is the fastest-growing market for flame retardants for aerospace plastics, and it is further likely to offer huge opportunities over the years to come, owing to increasing air traffic in the region.
Flame Retardants for Aerospace Plastics Market Trends
This section covers the major market trends shaping the Flame Retardants for Aerospace Plastics Market according to our research experts:
Carbon Fiber Reinforced Polymers (CFRP) to Dominate the Market
- The carbon fiber reinforced polymers (CFRP) segment dominates the consumption of flame retardants, as they are used in the manufacturing of various aircraft components.
- In aircraft, CFRP finds application in the cockpit, payload fairing, tanks, bulkheads, wing-body fairing, doors, seat components, and empennage.
- With the increasing number of new airport projects across various regions, such as Asia-Pacific, Middle East & Africa, and South America, to accommodate the growing demand for air commute, the orders for new aircraft are also projected to increase over the forecast period.
- Besides, numerous countries have been looking forward to replacing old aircraft with the new advanced aircraft with superior safety features to avoid air crashes.
- Hence, all such trends are projected to increase the production of new aircraft, which is further expected to drive the demand for flame retardants for the application in aerospace plastics.
Asia-Pacific Region to Witness the Fastest Growth
- Asia-Pacific is projected to witness the fastest growth for flame retardants used in aerospace plastics, owing to continuously growing demand for air commute.
- Countries, such as China, India, Vietnam, and Indonesia, have been witnessing a significant rise in the air commute, and to increase the availability of aircraft, there has been an increase in the number of new orders for aircraft and aircraft components in the region.
- The Indian government, on the other hand, signed a military aircraft manufacturing deal with France, for which the production is planned to be conducted in India.
- Additionally, in February 2019, Boeing announced its decision to build 'a factory of the future' in India, for manufacturing next-generation Block III F/A-18 Super Hornet fighter aircraft as part of the 'Make in India' initiative.
- Hence, all such plans and deals are expected to provide growth opportunities for the flame retardants used in aerospace plastics in the region.
Flame Retardants for Aerospace Plastics Industry Overview
The flame retardants for aerospace plastics market is partially consolidated in nature. Some of the key players in the market include Huber Engineered Materials, Clariant, RTP Company, BASF SE, and LANXESS, among others.
Flame Retardants for Aerospace Plastics Market Leaders
Huber Engineered Materials
Clariant
RTP Company
BASF SE
LANXESS
*Disclaimer: Major Players sorted in no particular order
Flame Retardants for Aerospace Plastics Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Report
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Safety Concerns Related to the Flammability of Aerospace Plastics
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4.1.2 Increasing Usage of Plastic for Maintaining Optimal Weight of the Aircraft
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4.2 Restraints
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4.2.1 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Antimony Oxide
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5.1.2 Aluminum Trihydrate
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5.1.3 Magnesium Hydroxide
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5.1.4 Boron Compounds
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5.1.5 Other Product Types
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5.2 Polymer Type
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5.2.1 Carbon Fiber Reinforced Polymer
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5.2.2 Polycarbonate
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5.2.3 Thermoset Polyimides
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5.2.4 Polyetheretherketone (PEEK)
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5.2.5 Other Polymer Types
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 The R.J. Marshall Company
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6.4.2 BASF SE
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6.4.3 Clariant
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6.4.4 Huber Engineered Materials
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6.4.5 Italmatch Chemicals SpA
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6.4.6 PMC Group Inc.
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6.4.7 LANXESS
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6.4.8 RTP Company
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6.4.9 ICL Industrial Products
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6.4.10 ISCA UK Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand for Commercial Aircraft
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7.2 Other Opportunities
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Flame Retardants for Aerospace Plastics Industry Segmentation
The flame retardants for aerospace plastics market report includes:
| Product Type | |
| Antimony Oxide | |
| Aluminum Trihydrate | |
| Magnesium Hydroxide | |
| Boron Compounds | |
| Other Product Types |
| Polymer Type | |
| Carbon Fiber Reinforced Polymer | |
| Polycarbonate | |
| Thermoset Polyimides | |
| Polyetheretherketone (PEEK) | |
| Other Polymer Types |
| Geography | |||||||
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Flame Retardants for Aerospace Plastics Market Research FAQs
What is the current Flame Retardants for Aerospace Plastics Market size?
The Flame Retardants for Aerospace Plastics Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Flame Retardants for Aerospace Plastics Market?
Huber Engineered Materials, Clariant, RTP Company, BASF SE and LANXESS are the major companies operating in the Flame Retardants for Aerospace Plastics Market.
Which is the fastest growing region in Flame Retardants for Aerospace Plastics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Flame Retardants for Aerospace Plastics Market?
In 2024, the North America accounts for the largest market share in Flame Retardants for Aerospace Plastics Market.
What years does this Flame Retardants for Aerospace Plastics Market cover?
The report covers the Flame Retardants for Aerospace Plastics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Flame Retardants for Aerospace Plastics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Flame Retardants for Aerospace Plastics Industry Report
Statistics for the 2024 Flame Retardants for Aerospace Plastics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Flame Retardants for Aerospace Plastics analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
