Lucintel's latest market report analyzed that flame retardants in the global plastic additive provides attractive opportunities in the aerospace & defense, electrical & electronics, wires & cables, pipes & tanks, transportation, building & construction, and marine industries. The flame retardants in the global plastic additive market is expected to reach $7.9 billion by 2028 with a CAGR of 5.7%. In this market, polyurethanes is the largest segment by product type, whereas aerospace & defense is largest by application.
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Based on product type, the flame retardants in the global plastic additive market is segmented into polyvinyl chloride, polyolefin, polyurethane, acrylonitrile butadiene styrene, polycarbonate, epoxy, polyester, and others. The polyurethanes segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to their widespread application in the building & construction and transportation sectors.
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The Flame Retardants in the Global Plastic Additive Market is marked by the presence of several big and small players. Some of the prominent players offering flame retardants in the global plastic additive include Covestro AG, DuPont, SABIC, Borealis AG, Huntsman Corporation, and Olin Corporation.
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