The global flame retardant polyamide market was valued at US$ 7.73 billion in 2021 and is expected to grow at a CAGR of 9.1% through 2031.
Flame Retardant Polyamide material is a type of material with some of the finest fire-resistant properties and is typically used in foams, computers, several insulation materials, automotive parts, and several others. It is also used in circuit processing, printed circuit boards, and also electronic castings.
The global flame retardant polyamide Market is expected to show a satisfactory increase in the forecast period and with the adoption of the automotive and electrical industries, the demand for flame retardant is going to increase manifold. Also increasing technological advancements in the automotive industry are expected to bolster the demand for the flame retardant market.
Market Drivers for the Flame Retardant Market-
The rising need for polyamides from the electronics industry is going to drive the market demand. Polyamide has durability, stability, hardness, and most importantly flames retardant. They can be effectively used in various batteries and connectors to avoid any kind of short circuits and any other mishap.
Furthermore, the rising demand for laptops, smartphones, and tabs is likely to catapult the need for polyamide material. Another positive factor contributing to the growth of Retardant polyamide is that there is an increasing need for consumer spending on electronics and consequently at the same time it will also increase the need for the polyamide material.
Geographical Insights on the market-
The Asia-Pacific region is expected to lead the market among the other regions. The reasons are the ever-rising consumption and need for consumer electronics among people across all age groups. The Asia-Pacific region is expected to gain a major share over the forecast years.
After Asia-Pacific, North America is expected to hold significant share of the global market owing to several stringent rules and regulations in the Flame Retardant market. Also, several top manufacturers are incorporating the use of polyamide in the finished goods to improve the durability and increase the overall resistance of the product.
After North America, Europe takes the lead as the application of flame retardant in the automotive industries is likely to boost sales and drive the product’s demand in the region.
Global Flame Retardant Polyamide Market- Share Analysis, by Geography (2021)
The report titled “Global Flame Retardant Polyamide Market - Global Market Share, Trends, Analysis and Forecasts, 2021-2031” offers market estimates for a period 2022 to 2032, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Flame Retardant Polyamide Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
Based on the various types this market is typically divided into two types and those are Halogen and Halogen-free.
- The Halogen market segment held the largest market segment in the year 2020 and it comprises chlorine-based flame retardants which have the strongest resistant power. It is also used in the electrical and electronics industry.
- The Halogen-free market contains compounds such as phosphorus and metal oxide which are used in petroleum-based products.
As mentioned above flame retardant polyamide has widespread use in electronic and electrical equipment along with that it is also used in the gaming systems and washing machines. This material is typically used to reduce the risk of electric sparks, overheating, also melting. It is also used in building and construction and also in insulation applications. The electrical appliance is the leading market segment in this domain.
The global flame retardant polyamide market gives a comprehensive analysis of the key market players, uses, and applications in the prominent industries. It also provides insights into the current market trends and highlights the importance of several key developments in the forecast years.
The Top organizations in the Flame Retardant Market are DU point (USA), BASF (Germany), Ascend Performance Materials (USA), DOMO Chemicals (Germany), DSM (Netherlands), Evonik Industries (Germany), Kingfa (China), Julong (China), Sunny (China), and Others.
- Halogen-free type
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America