Flame Retardant Polyester Resin Market
Flame Retardant Polyester Resin Market Study by Halogenated Flame Retardant Polyester Resins, Chlorine Containing, Bromine Containing, Phosphorous Containing, ATH Filled, and Others From 2024 to 2034
Analysis of Flame Retardant Polyester Resin Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Flame Retardant Polyester Resin Market Outlook (2024 to 2034)
The global flame retardant polyester resin market is analyzed at US$ 2.5 billion in 2024. The market has been projected to rise at a notable CAGR of 7.2% and touch a valuation of US$ 5 billion by the end of 2034.
More manufacturers are forced to use flame-retardant materials due to the growing global fire safety standards in several countries, particularly in industries, such as electronics, transportation, and construction. The need for flame-retardant polyester resins is driven by the necessity of adhering to these safety regulations to lower the risk of fire. Fire-safe building materials are becoming more necessary because of rising infrastructure development in several countries.
To improve fire resistance in both residential and commercial buildings, flame retardant polyester resins are utilized more in building components. Flame retardant compounds are important to safeguard components from fire threats in the growing electronics industry, particularly in Asia Pacific. Electrical enclosures and other components are widely utilized in flame-retardant polyester resins to satisfy strict safety regulations in appliances and electronic equipment.
China, Japan, and South Korea are part of the leading countries in the market for flame retardant polyester resins because of continuous industrialization and the expanding electronics manufacturing industry. Due to this, East Asia is analyzed to account for 25.1% of the worldwide market share in 2024. North America is estimated to generate revenue worth US$ 676.93 million in 2024 due to strict fire safety standards across industries, including construction, automotive, and others. These resins are essential to comply with the strict fire resistance regulations set by the United States and Canada for both residential and commercial structures as well as automobile interiors.
Based on product type, the halogenated flame retardant polyester resins segment is forecasted to account for 32.6% of the revenue share in 2024. The excellent efficacy of halogenated flame retardant polyester resins in offering strong fire protection in several industrial applications is driving up demand for them.
| Report Attributes | Details |
|---|---|
| Flame Retardant Polyester Resin Market Size (2024E) | US$ 2.5 Billion |
| Forecasted Market Value (2034F) | US$ 5 Billion |
| Global Market Growth Rate (2024 to 2034) | 7.2% CAGR |
| North America Market Share (2024E) | 27.1% |
| East Asia Market Value (2024E) | US$ 627.63 Million |
| South Asia & Pacific Market Growth Rate (2024 to 2034) | 11.1% CAGR |
| Halogenated Segment Value (2034F) | US$ 1.67 Billion |
| Chemicals Segment Value (2034F) | US$ 1.51 Billion |
| Key Companies Profiled | Ashland; Tufcot Engineering Ltd.; Eternal Materials Co., Ltd.; Nuplex Industries Ltd.; NetComposites Ltd.; Changzhou Tianma Group Co., Ltd.; Sherfab; BASF SE; Eastman Chemical Company; Wacker Chemie AG; Huntsman Corporation; Mitsubishi Chemical Corporation |
Flame retardant polyester resin is a type of flame retardant resin whose base is polyester. Flame retardant is a chemical substance or compound, which stops fire or its spreading through physical action or chemical reaction. Usually, unsaturated polyester resins show poor resistance to fire. However, developments in science & technology and growth in nanoscience have helped to enhance the flame retardance property of polyester resins.
Flame retardant polyester resins are generally classified based on additives added to the resin. The most commonly used flame retardant polyester resins are halogenated unsaturated flame retardant polyester resins, phosphorous-containing flame retardant polyester resins, aluminum trihydrated flame retardant polyester resins, and others. Additives, such as antimony pentaoxide & antimony trioxide are also added in flame retardant polyester resins.
Flame retardant polyester resins find applications in chemical and other industries in ducts and other process equipment. Flame retardant polyester resins are also used in automotive and aerospace industries in various parts, such as belt guards and covers. Flame retardant polyester resins are also witnessing demand from the construction industry.
Flame retardant polyester resins are also finding applications in the marine & shipping industry. Certain types of flame retardant polyester resins do not come under the category of green chemicals as they are considered to be harmful compounds. Various safety tests, such as ASTM E-84, E 162, ASTM E 1354, and others, are carried out on flame retardant polyester resins before they are used.
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Flame Retardant Polyester Resin Market: Dynamics
Growing industrialization has led to growth in chemical, polymer, pulp & paper industries owing to which the flame retardant polyester resin market is also witnessing considerable growth. The increase in urbanization in developing countries has given a boost to the building & construction industry, due to which an increase in demand for flame retardant polyester resins is witnessed.
Growth in the automotive & aerospace industry is resulting in the growth of the flame retardant polyester resin market. Apart from this, the shift towards the use of plastic in the manufacturing of automobiles has also increased the demand for flame retardant polyester resins from the automotive industry. The growth of the marine & shipping industry will also promote the growth of the flame retardant polyester resin market. However, the presence of other green flame retardant solutions restrains the growth of the flame retardant polyester resin market.
Flame Retardant Polyester Resin Market: Regional Outlook
Urbanization is increasing at a good pace in regions of the Asia Pacific and Latin America due to which growth in the construction industry in these regions is being witnessed. Chemical & other industries are also growing in regions of Asia Pacific and Latin America due to the presence of growing economies and developing countries. Thus, due to the aforementioned factors, Asia Pacific and Latin America will be promising markets for flame retardant polyester resins.
The significant presence of the automotive industry in regions of Western Europe, North America & Japan makes these regions potential markets. The construction industry is also booming in regions of the Middle East & Africa due to which these regions are considered as steadily growing markets for flame retardant polyester resins.
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Flame Retardant Polyester Resin Market: Key Participants
Some of the market participants identified across the value chain of the global flame retardant polyester resin market are:
- Ashland
- Tufcot Engineering Ltd.
- Eternal Materials Co., Ltd.
- Nuplex Industries Ltd.
- NetComposites Ltd.
- Changzhou Tianma Group Co., Ltd.
- Sherfab
- BASF SE
- Eastman Chemical Company
- Wacker Chemie AG
- Huntsman Corporation
- Mitsubishi Chemical Corporation
This analytical research study imparts an all-inclusive assessment of the market while propounding historical intelligence, actionable insights, and industry-validated & statistically upheld market forecasts. A verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report have been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
- Technology
Regional Segments Analyzed Include
- North America (United States, Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, United Kingdom, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessments by leading industry experts and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. The qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current, and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis of the performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Segmentation of Flame Retardant Polyester Resin Market Research
-
By Product Type :
- Halogenated Flame Retardant Polyester Resins
- Chlorine Containing
- Bromine Containing
- Phosphorous Containing
- Tri-Ethyl Phosphate
- Tris 2 Chloroisopropyl Phosphate
- Dimethyl Methyl Phosphonate
- ATH (Aluminum Tri Hydrate) Filled
- Others
-
By End-Use Industry :
- Chemicals
- Construction
- Automotive & Aerospace
- Marine & shipping
- Others
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. End Use Industry
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Halogenated Flame Retardant Polyester Resins
- 7.2. Chlorine Containing
- 7.3. Bromine Containing
- 7.4. Phosphorous Containing Flame Retardant Polyester Resins
- 7.5. Tri-ethyl Phosphate
- 7.6. Tris 2 Chloroisopropyl Phosphate
- 7.7. Dimethyl Methyl Phosphonate
- 7.8. ATH (Aluminum Trihydrate) Filled Flame Retardant Polyester Resins
- 7.9. Others
- 8. Global Market Analysis and Forecast, By End Use Industry
- 8.1. Chemicals
- 8.2. Construction
- 8.3. Automotive & Aerospace
- 8.4. Marine & Shipping
- 8.5. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. Asia Pacific
- 9.6. East Asia
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Region Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Product Type and End Use Industry for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Ashland
- 20.2. Tufcot Engineering Ltd
- 20.3. Eternal Materials Co., Ltd.
- 20.4. Nuplex Industries Ltd
- 20.5. NetComposites Ltd
- 20.6. Changzhou Tianma Group Co., Ltd
- 20.7. Sherfab
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by End Use Industry
Table 4: North America Market US$ Mn Forecast by Country
Table 5: North America Market US$ Mn Forecast by Product Type
Table 6: North America Market US$ Mn Forecast by End Use Industry
Table 7: Latin America Market US$ Mn Forecast by Country
Table 8: Latin America Market US$ Mn Forecast by Product Type
Table 9: Latin America Market US$ Mn Forecast by End Use Industry
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Product Type
Table 12: Western Europe Market US$ Mn Forecast by End Use Industry
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Product Type
Table 15: Eastern Europe Market US$ Mn Forecast by End Use Industry
Table 16: Asia Pacific Market US$ Mn Forecast by Country
Table 17: Asia Pacific Market US$ Mn Forecast by Product Type
Table 18: Asia Pacific Market US$ Mn Forecast by End Use Industry
Table 19: East Asia Market US$ Mn Forecast by Country
Table 20: East Asia Market US$ Mn Forecast by Product Type
Table 21: East Asia Market US$ Mn Forecast by End Use Industry
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Product Type
Table 24: MEA Market US$ Mn Forecast by End Use Industry
Table 25: Region Market US$ Mn Forecast by Country
Table 26: Region Market US$ Mn Forecast by Product Type
Table 27: Region Market US$ Mn Forecast by End Use Industry
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 7: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 8: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: Region Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: Region Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use Industry
Figure 27: Region Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How is the flame retardant polyester resin market analyzed to grow during the forecast period?
The flame retardant polyester resin market is evaluated to grow at a CAGR of 7.2% through 2034.
Why flame retardant polyester resin market have high growth potential?
Growing applications in the marine and shipping industries are driving the flame retardant polyester resin market.
Where will manufacturers find the most opportunities in the flame retardant polyester resins industry?
Asia Pacific is projected to be the most lucrative region for the market players going forward.
Flame Retardant Polyester Resin Market