Flame Retardant Thermoplastic Market Segmentation:
Application Segment Analysis
The electrical & electronics segment is predicted to gain the largest flame retardant thermoplastic market share of 37.2% during the projected period by 2034, due to cumulative fire and safety procedures, regulations, and standards regarding enclosures, circuit breakers, switches, and connectors. The U.S. Consumer Product Safety Commission (CPSC) typically enforces a flammability standard under UL-94 for general electronics, while the European Union’s RoHS and REACH regulations require flame retardants to be halogen-free. These regulatory obligations have ensured the continued implementation of flame retardant thermoplastics, i.e., FR-thermoplastics derived from Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), and polyamide. The National Institute of Standards and Technology continues to identify improvements in newer thermoplastics composites with paramount flame retardancy and heat distortion temperature for modernizing electronics.
Product Type Segment Analysis
The polycarbonate (PC) segment is anticipated to constitute the most significant growth by 2034, with 28.3% market share, mainly due to its innate fire retardancy and advantageous properties (impact strength and clarity). This thermoplastic is ubiquitous, and many lighting systems have Polycarbonate-based electrical systems, used in electrical housing too, including automotive headlamps, and consumer electronics casings. According to the U.S. Department of Energy, increasing demand for electric vehicles (EVs) and LED lighting will spur the growth of Polycarbonate flame retardant grades of consumer products in battery enclosures and optical lenses.
Our in-depth analysis of the global flame retardant thermoplastic market includes the following segments:
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