Flame Retardants for Aerospace Plastics Market Size (2024 - 2029)

The flame retardants for aerospace plastics market is anticipated to experience growth driven by increasing safety concerns and the rising use of plastics to optimize aircraft weight. Despite challenges posed by the COVID-19 pandemic, the market is poised for expansion, particularly with the growing demand for commercial aircraft. The carbon fiber reinforced polymer segment is expected to lead the market, while the Asia-Pacific region is projected to be the fastest-growing area, offering significant opportunities due to rising air traffic.

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Market Size of Flame Retardants for Aerospace Plastics Industry

flame retardants for aerospace plastics market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 3.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

flame retardants for aerospace plastics market size

*Disclaimer: Major Players sorted in no particular order

Flame Retardants for Aerospace Plastics Market Analysis

The flame retardants for aerospace plastics market is expected to register a CAGR of over 3% during the forecast period. The growing safety concerns related to the flammability of aerospace plastics and the increasing usage of plastic for maintaining the optimal weight of the aircraft have been driving the demand for aerospace plastic flame retardants. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

  • The growing demand for commercial aircraft is expected to offer various opportunities for the growth of the market.
  • The carbon fiber reinforced polymer segment is expected to dominate the flame retardants for the aerospace plastics market over the forecast period.
  • The Asia-Pacific region is the fastest-growing market for flame retardants for aerospace plastics, and it is further likely to offer huge opportunities over the years to come, owing to increasing air traffic in the region.

Flame Retardants for Aerospace Plastics Industry Segmentation

The flame retardants for aerospace plastics market report includes:

Product Type
Antimony Oxide
Aluminum Trihydrate
Magnesium Hydroxide
Boron Compounds
Other Product Types
Polymer Type
Carbon Fiber Reinforced Polymer
Polycarbonate
Thermoset Polyimides
Polyetheretherketone (PEEK)
Other Polymer Types
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Flame Retardants for Aerospace Plastics Market Size Summary

The flame retardants for aerospace plastics market is poised for steady growth, driven by increasing safety concerns regarding the flammability of aerospace plastics and the rising use of plastics to optimize aircraft weight. Despite challenges posed by the COVID-19 pandemic, the market is expected to benefit from the growing demand for commercial aircraft, which presents numerous growth opportunities. The carbon fiber reinforced polymer segment is anticipated to lead the market, given its extensive application in various aircraft components such as cockpits, tanks, and wing-body fairings. This segment's dominance is further supported by the ongoing trend of replacing older aircraft with newer models featuring enhanced safety features.

The Asia-Pacific region is projected to experience the fastest growth in the flame retardants for aerospace plastics market, fueled by a surge in air traffic and the corresponding increase in aircraft orders. Countries like China, India, Vietnam, and Indonesia are witnessing significant growth in air commute, prompting investments in new airport projects and aircraft manufacturing initiatives. Notable developments, such as India's military aircraft manufacturing deal with France and Boeing's plans to establish a factory in India, are expected to create substantial growth opportunities in the region. The market is characterized by a partially consolidated structure, with key players including Huber Engineered Materials, Clariant, RTP Company, BASF SE, and LANXESS.

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Flame Retardants for Aerospace Plastics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Safety Concerns Related to the Flammability of Aerospace Plastics

      2. 1.1.2 Increasing Usage of Plastic for Maintaining Optimal Weight of the Aircraft

    2. 1.2 Restraints

      1. 1.2.1 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Antimony Oxide

      2. 2.1.2 Aluminum Trihydrate

      3. 2.1.3 Magnesium Hydroxide

      4. 2.1.4 Boron Compounds

      5. 2.1.5 Other Product Types

    2. 2.2 Polymer Type

      1. 2.2.1 Carbon Fiber Reinforced Polymer

      2. 2.2.2 Polycarbonate

      3. 2.2.3 Thermoset Polyimides

      4. 2.2.4 Polyetheretherketone (PEEK)

      5. 2.2.5 Other Polymer Types

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Flame Retardants for Aerospace Plastics Market Size FAQs

The Flame Retardants for Aerospace Plastics Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Huber Engineered Materials, Clariant, RTP Company, BASF SE and LANXESS are the major companies operating in the Flame Retardants for Aerospace Plastics Market.

Flame Retardants for Aerospace Plastics Market Report Snapshots

Flame Retardants for Aerospace Plastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)