Market Size of Flame Retardants for Aerospace Plastics Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 | |||||||
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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.
Flame Retardants for Aerospace Plastics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Safety Concerns Related to the Flammability of Aerospace Plastics
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1.1.2 Increasing Usage of Plastic for Maintaining Optimal Weight of the Aircraft
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1.2 Restraints
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1.2.1 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Antimony Oxide
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2.1.2 Aluminum Trihydrate
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2.1.3 Magnesium Hydroxide
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2.1.4 Boron Compounds
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2.1.5 Other Product Types
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2.2 Polymer Type
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2.2.1 Carbon Fiber Reinforced Polymer
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2.2.2 Polycarbonate
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2.2.3 Thermoset Polyimides
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2.2.4 Polyetheretherketone (PEEK)
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2.2.5 Other Polymer Types
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Flame Retardants for Aerospace Plastics Market Size FAQs
What is the current Flame Retardants for Aerospace Plastics Market size?
The Flame Retardants for Aerospace Plastics Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Flame Retardants for Aerospace Plastics Market?
Huber Engineered Materials, Clariant, RTP Company, BASF SE and LANXESS are the major companies operating in the Flame Retardants for Aerospace Plastics Market.
