Low Smoke Halogen Free Flame Retardant Polypropylene Market Analysis

Construction applications dominated the industry demand and may surpass USD 310 million by 2023, North America construction application revenue was close to USD 54 million in 2015.

Industrial & domestic infrastructure demand owing to increase in disposable income & fast urbanization growth accompanied by government’s strict fire & safety regulations are among the key factors to drive demand in this segment.

Automotive application was valued at over USD 85 million in 2015. Metal replacements by polypropylene to reduce vehicle’s weight which eventually produce high fuel efficient cars were the key demand generating factor.

Automobiles sales growth coupled with stringent vehicular emissions regulations may drive low smoke halogen free flame retardants polypropylene market.

Electric & electronics application is set to witness highest growth, with expected gains at over 9% CAGR up to 2023. Electrical & electronic appliances and cables proximity to human beings makes the use of these products demand extremely critical in order to prevent from toxicity and fire.

North America dominated the regional industry demand and is projected to exceed USD 285 million by 2023. The U.S. was the major contributor owing to EPA norms which phased out bromine based products that are highly toxic which has resulted in increased demand for these products.

APAC, influenced by China and India low smoke halogen free flame retardant polypropylene market share is projected to grow significantly at over 8.5% CAGR up to 2023.