Low Smoke Halogen Free Flame Retardant Polypropylene Market Revenue and Value Chain Analysis by 2024
The increasing construction spending particularly in emerging economies is one of the major reason fueling the market growth. The Global Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market is expected to reach USD 893.9 million by 2024, according to a new report by Grand View Research, Inc. Favorable government regulations are further anticipated to benefit the overall market. The government bodies across the globe have been formulating new regulations and safety norms to reduce the occurrence of fire mishaps. Halogen-free flame retardant polypropylene is believed to be an effective way to overcome these fires maintaining the VOC levels. These regulations are mainly to ensure the quality of the product that can control the spread of fire or at least provide an extended escape time. Flame retardant PP provides an additional layer of protection against fire. However, high investment cost and development of other alternative products are anticipated to be the major f