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Low Smoke Halogen Free Flame Retardant Polypropylene Market - Forecasts from 2025 to 2030

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    Report

  • 145 Pages
  • November 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 6040042
The Low Smoke Halogen Free Flame Retardant Polypropylene market is valued at US$845.423 million in 2025 and is projected to grow at a CAGR of 7.12% over the forecast period.

Polypropylene one of the general-purpose plastics, is widely used in many fields. Low smoke halogen-free flame retardant polypropylene has been commonly added to plastics, construction material, and electrical or electronic equipment to reduce flammability and improve product safety. Thus these are widely used in construction materials, transportation, electrical engineering, and medical equipment, among others.

The major driving factor is the growing market for automotive, construction, electrical, and electronics devices. The automotive industry around the world has been witnessing significant growth around the world. Further, electronic devices have been expanding due to the increased internet penetration around the world. Further, government spending and infrastructure developments have created the demand for the low smoke halogen-free flame retardant polypropylene materials in the industry.
  • According to the WITS (World Integrated Trade Solution), in 2023, the top exporters of polypropylene, in primary forms were Saudi Arabia, South Korea, the United States, Germany, and China. Further, top importers were China, Turkey, the European Union, India, and Germany.

Low-smoke halogen-free flame retardant polypropylene market drivers

Growing demand for electronic products

Rising demand for electronic devices is another major driving factor for the rise in the halogen-free flame retardant polypropylene. Devices such as digital cameras, personal digital assistants, smartphones, laptops, watches, portable power packs, emergency power backup, surveillance, and alarm systems are manufactured with halogen-free flame-retardant polypropylene.

Mobiles and smartphones have become an indispensable part of society. Mobile phones have been the most common form of internet access device. The percentage of individuals owning a mobile phone in Asia-Pacific was 75%, 82% in Arab States, and 93% high in Europe in the year 2023. These increased demands for the devices will lead to the demand for halogen-free flame retardant polypropylene material.

The low smoke halogen-free flame retardant polypropylene market is segmented into five regions worldwide:

By geography, the low smoke halogen-free flame retardant polypropylene market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region such as ASEAN countries.

The Asia-Pacific region is expected to see notable growth in the low-smoke halogen-free flame retardant polypropylene market due to increasing applications in the construction industry. The government of India increased its capital expenditure allocation to US$ 133.9 billion for the fiscal year beginning April 1, 2024. This budget allocation would focus on India's infrastructure.

North America is expected to have a significant market share for low-smoke halogen-free flame retardant polypropylene products due to their major utilization in the defense industry. The United States Department of Defense's base budget has shown a consistent upward trajectory over the years, with an increase from $703.71 billion in 2021 to $742.27 billion in 2022, and further growth to $773.00 billion in 2023. With a notable change of positive $30.72 billion from 2022 to 2023. Enhanced defense spending drives investments in advanced flame retardant technologies, and plays a pivotal role in bolstering the market growth.

Reasons for buying this report:

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2030
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Low smoke halogen-free flame retardant polypropylene Market is segmented and analyzed as below:

By End-user Industry

  • Automotive
  • Construction
  • Electrical And Electronics
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia-Pacific

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits for Stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Growing demand for electronics products
4.1.2. Rising automotive industry
4.2. Market Restraints
4.2.1. High cost of manufacturing
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. LOW SMOKE HALOGEN-FREE FLAME RETARDANT POLYPROPYLENE MARKET BY END-USER INDUSTRY
5.1. Introduction
5.2. Automotive
5.3. Construction
5.4. Electrical and Electronics
5.5. Others
6. LOW SMOKE HALOGEN-FREE FLAME RETARDANT POLYPROPYLENE MARKET BY GEOGRAPHY
6.1. Global Overview
6.2. North America
6.2.1. United States
6.2.2. Canada
6.2.3. Mexico
6.3. South America
6.3.1. Brazil
6.3.2. Argentina
6.3.3. Rest of South America
6.4. Europe
6.4.1. United Kingdom
6.4.2. Germany
6.4.3. France
6.4.4. Italy
6.4.5. Spain
6.4.6. Rest of Europe
6.5. Middle East and Africa
6.5.1. Saudi Arabia
6.5.2. United Arab Emirates
6.5.3. Rest of Middle East and Africa
6.6. Asia-Pacific
6.6.1. China
6.6.2. India
6.6.3. Japan
6.6.4. South Korea
6.6.5. Taiwan
6.6.6. Thailand
6.6.7. Indonesia
6.6.8. Rest of Asia-Pacific
7. COMPETITIVE ENVIRONMENT AND ANALYSIS
7.1. Major Players and Strategy Analysis
7.2. Market Share Analysis
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Competitive Dashboard
8. COMPANY PROFILES
8.1. POLYROCKS CHEMICAL CO. LTD
8.2. Dongguan Hengjia Plastic Technology Co. Ltd
8.3. Kowa Kasei Co. Ltd
8.4. Borealis AG
8.5. Hebei Sunua Advanced Material Co., Ltd.
8.6. Ultrapolymers Austria GmbH
8.7. LATI Industria Termoplastici S.p.A.
8.8. Lapp Group
8.9. Novista Group
8.10. Jiangxi Longtai New Material Co., Ltd
8.11. Ecoplast
8.12. SABIC

Companies Mentioned

  • POLYROCKS CHEMICAL CO. LTD
  • Dongguan Hengjia Plastic Technology Co. Ltd
  • Kowa Kasei Co. Ltd
  • Borealis AG
  • Hebei Sunua Advanced Material Co., Ltd.
  • Ultrapolymers Austria GmbH
  • LATI Industria Termoplastici S.p.A.
  • Lapp Group
  • Novista Group
  • Jiangxi Longtai New Material Co., Ltd
  • Ecoplast
  • SABIC

Methodology

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