Flame Retardant Polyamide Market Size, Share, Growth, Forecast 2030

Flame Retardant Polyamide Industry Prospective:

The global flame retardant polyamide market size was evaluated at $842.16 million in 2022 and is slated to hit $1,402.3 million by the end of 2030 with a CAGR of nearly 6.64% between 2023 and 2030.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The flame retardant polyamide industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the flame retardant polyamide market report explores the investor and stakeholder space to help companies make data-driven decisions.

Flame Retardant Polyamide Market: Overview

Flame retardant polyamide is a kind of plastic possessing fire-inhibiting features. They are added to foams, mattresses, automotive parts, computers, electric wires, insulation materials, and computers. Moreover, the product finds large-scale applications in printed circuit boards, circuit processing, and electronic castings. Apart from this, escalating demand for the product in electrical & electronics sectors will increase its sales. Moreover, the application of flame retarding products such as polyamides is increasing in high-performance plastics.  

Key Insights

• As per the analysis shared by our research analyst, the global flame retardant polyamide market is projected to expand annually at the annual growth rate of around 6.64% over the forecast timespan (2023-2030)
• In terms of revenue, the global flame retardant polyamide market size was evaluated at nearly $842.16 million in 2022 and is expected to reach $1,402.3 million by 2030.
• The global flame retardant polyamide market is anticipated to record massive growth over the forecast period owing to the large-scale use of products in the automotive, electronics, and electrical sectors.
• In terms of type, the halogen type segment is slated to register the fastest CAGR over the forecast period.
• On the basis of application, the electrical appliances segment is slated to dominate the segmental surge over the forecast period.
• Region-wise, the North American flame retardant polyamide market is projected to register the fastest CAGR during the assessment period.

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Flame Retardant Polyamide Market: Growth Factors

Massive product penetration in various end-use sectors will embellish the global market trends over 2023-2030

Large-scale use of products in automotive, electronics, and electrical sectors will scale up the expansion of the flame retardant polyamide market across the globe. With OEMs trying to substitute halogenated flame retardants used in polyamides with halogen-free ones, the market is likely to gain traction in the upcoming years. Massive need for enhancing thermal stability in a slew of applications has increased the demand for flame-retardant polyamides, thereby spearheading the expansion of the market across the globe. Strict government laws pertaining to fire outbreak has led to huge demand for flame retardants, thereby translating into humongous growth of the market across the globe.

New product launches and innovations in products are likely to leverage the growth of the flame retardant polyamide market across the globe. For instance, in May 2022, BASF SE, a key player in the specialty chemicals industry, launched Ultramid® A3U44G6 DC OR, a new color-stable flame retardant polyamide. The move is aimed at the expansion of the flame retarding engineering plastic portfolio of the firm across the eMobility sector. Earlier, in September 2020, BASF SE introduced a new kind of red phosphorous flame retardant polyamide products. Reportedly, the new product is projected to fulfill the growing demand for the high-performing power electronics industry in Asia.

Flame Retardant Polyamide Market: Restraints

Huge prices of raw components to decimate the global industry expansion

Rising raw material costs can put brakes on the expansion of the global flame retardant polyamide industry. In addition to this, escalating popularity of consumer electronics goods can decimate the global industry expansion. Lack of raw material supply is predicted to restrict the production of flame retardant polyamides, thereby putting brakes on the global industry expansion.  

Flame Retardant Polyamide Market: Opportunities

Growing demand for product in consumer electronics to open new dimensions of growth for the global market

Humungous demand for laptops, smartphones, and tablets has translated into a massive need for power storage, thereby creating new growth opportunities for the global flame retardant polyamide market. A prominent expansion of the electronics sector owing to a surge in customer expenditure on consumer electronics goods will generate new avenues of growth for the market across the globe.

Flame Retardant Polyamide Market: Challenges

Stringent legislations pertaining to environmental degradation can prove to be the biggest challenge for the global industry

Strict laws pertaining to the production of halogenated products can impede the expansion of the flame retarded polyamide industry across the globe. Growing environmental concerns and health hazards caused by the product can prove to be a huge challenge for the product demand. Additionally, scarcity of raw materials can pose a big threat to the expansion of the industry across the globe.

Flame Retardant Polyamide Market: Segmentation

The global flame retardant polyamide market is sectored into type, application, and region.

In type terms, the global flame retardant polyamide market is segregated into halogen type and halogen-free type segments. In addition to this, the halogen type segment, which accrued more than one-fourth of the global market share in 2022, is predicted to record the fastest CAGR in the forecast timeline. The growth of the segment in the coming years can be attributed to the ability of halogens in resisting heat & fire damage from occurring in flame retardant polyamide products.

On the basis of the application, the flame retardant polyamide industry across the globe is sectored into electrical appliances, automotive, and others segments. Furthermore, the electrical appliances segment, which accrued a huge chunk of the global industry share in 2022, is anticipated to lead the segmental expansion in the upcoming years. The segmental expansion in the forecast timeline can be subject to large-scale use of flame retardant polyamides as plastic casings of electronic instruments including washing machines, televisions, and gaming systems. Apart from this, the products minimize fire outbreaks or fire mishaps occurring due to electric sparks, melting, and overheating of electric appliances.

Flame Retardant Polyamide Market: Report Scope

Flame Retardant Polyamide Market: Regional Insights

Asia-Pacific to establish its domination in the global market over the forecast timespan

Asia-Pacific, which accounted for more than two-fifths of the global flame retardant polyamide market revenue in 2022, is anticipated to record a notable surge over the assessment timeframe. The market expansion in the region over 2023-2030 can be due to a rise in the demand for consumer electronic products in the countries such as India, Japan, South Korea, Taiwan, and China. Additionally, the presence of giant firms in the sub-continent and the thriving construction sector will further contribute towards the growth of the market in the region.

Furthermore, the flame retardant polyamide industry in North America is expected to register the highest CAGR in the assessment timeframe. The factors that are projected to lucratively impact the expansion of the regional industry include strict implementation of laws pertaining to fire safety in the countries such as Canada and the U.S. Apart from this, the surge in the demand for flame retardant polyamides owing to its beneficial features is projected to steer the regional industry trends.

Flame Retardant Polyamide Market: Competitive Space

The global flame retardant polyamide market profiles key players such as:

• DuPont
• DOMO Chemicals
• BASF SE
• Koninklijke DSM N.V.
• Ascend Performance Materials
• Evonik Industries
• Kingfa
• Celnase
• Julong
• Oceanchem Group Limited
• PRET Advanced Materials LLC

The global flame retardant polyamide market is segmented as follows:

By Type

• Halogen Type
•  Halogen-Free Type

By Application

• Electrical Appliances
•  Automotive
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa