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North America Flame Retardant Thermoplastics Market Segments and Key Trends 2018-2025

Rising demand for flame retardant materials from end-use industries in North America due to high awareness levels regarding fire safety products is driving the regional market. Major consumers include construction, transportation, and electrical and electronics sectors.

The North America Flame Retardant Thermoplastics Market size is expected to reach USD 116 million by 2025, according to a new study by Grand View Research, Inc. The market is estimated to expand at a CAGR of 3.3% during the forecast period.
Demand for plastic components across various industries, such as automobiles, marine, and aerospace, to reduce the overall size and weight of the vehicle, demands more flame retardant thermoplastic compounds.

Electrical and electronics led the North America flame retardant thermoplastics market in 2017 and is anticipated to maintain its dominance over the forecast period. Flame retardant materials are widely used in this industry and its degree is dependent on product function, materials, and the fire resistance level needed to be achieved.

Electrical and electronics products, such as laptops, smartphones, TV sets, refrigerators, and printed wiring boards, are subject to high degree of fire risk. Thus, flame retardant additives are used in wiring components to reduce the risks of device explosion.

To Know More About Flame Retardant Thermoplastics Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/north-america-flame-retardant-thermoplastics-market

Rising disposable income in the region is contributing toward the growth of the electrical and electronics sector, which, in turn, will benefit the North America flame retardants market over the forecast period.

Top Players of North America Flame Retardant Thermoplastics Market:

Key companies in the market include Teknor Apex Company; Royal DSM; Washington Penn Plastics Co., Inc.; Asahi Kasei Plastics North America, Inc.; SABIC; A Schulman; PolyOne Corporation.

Market Segmentation of North America Flame Retardant Thermoplastics Market:

The North America Flame Retardant Thermoplastics Market segmented on the basis of Product, Application, and Country.

By Product:

    Amorphous Polymers
    Crystalline Polymers

By Application:

    Electrical & Electronics
    Transportation
    Construction
    Industrial

By Region:

    S.
    Canada
    Mexico

Inquire about Flame Retardant Thermoplastics Market with Our Experts @ https://www.grandviewresearch.com/inquiry/5468
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