Global Flame-retardants Aerospace Plastic Market Overview
Flame-retardants Aerospace Plastic Market Size was estimated at 1.77 (USD Billion) in 2022. The Flame-retardants Aerospace Plastic Market is expected to grow from 1.84 (USD Billion) in 2023 to 2.5 (USD Billion) by 2032. The Flame-retardants Aerospace Plastic Market CAGR (growth rate) is expected to be around 3.49% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Flame-retardants Aerospace Plastic Market Trends Highlighted
The growing demand for lightweight and flame-resistant materials in the aerospace industry is driving the market for Flame-retardants in aerospace plastics.
Stringent safety regulations and the need to enhance aircraft performance have led to the increased adoption of Flame-retardants in plastic components such as interior panels, seat cushions, and wiring insulation.
Additionally, the rising production of commercial and military aircraft, as well as the increased urbanization and air travel, are contributing to the market growth.
Emerging trends in the market include the development of eco-friendly and halogen-free Flame-retardants due to environmental concerns.
Advanced flame-retardant technologies, such as nanotechnology and intumescent systems, are being explored to improve flame resistance while reducing material weight. Furthermore, the growing popularity of bio-based Flame-retardants derived from renewable resources is expected to shape the market landscape in the coming years.
Flame-retardants Aerospace Plastic Market Drivers
Increasing Demand for Lightweight and Fire-Resistant Materials in Aerospace Industry
The aerospace industry is continuously looking to reduce the weight of aircraft and spacecraft to enhance fuel efficiency and performance. Flame-retardants have enabled the use of lightweight materials, meeting strict fire safety standards.
Moreover, the requirement for lightweight and fire-resistant materials is increasing. Accordingly, the Flame-retardants market is expected to grow with the rise in aerospace applications.
The main factor driving the growth of the market is the rising utilization of such materials in the aerospace industry since passenger safety is a prime concern, and the use of flammable materials in aircraft is heavily regulated.
In addition, increasing production rates of commercial aircraft and the expansion of the aerospace industry are encouraging the growth of Flame-retardants in the aerospace plastic market.
Furthermore, the major players in the studied market are increasingly concentrating on sustainable and innovative solutions to meet the various requirements of the aerospace industry.
Rising Concerns over Fire Safety in Aircraft Interiors
One of the most significant issues in transporting the aerospace industry is fire safety, especially as it concerns the aircraft interior. Flame-retardants are vital for preventing fire in aircraft interiors or slowing their spread so that the passengers and crew are at a lower risk of injury or death.
The demand for fire retardants in the aerospace industry is fueled by the requirements of aviation authorities worldwide to use fire-retardant materials and prevent using flammable equipment in an airstream.
As such, the Flame-retardants Aerospace Plastic Market presents some growth prospects over the forecast period. It is set to grow slowly and steadily, reaching a valuation of USD 2.5 billion by 2032 and expanding at the 3.49% CAGR for the forecast period of 2024-2032.
The forecasted growth is driven by the increasing demand for lightweight fire-, heat-, and chemical- resistant materials in the aerospace industry. As a result, the demand for Flame-retardants from the industry is growing, driven by the growing emphasis on passenger safety in the industry.
At the same time, aviation authorities require airplane manufacturers to use materials that do not easily catch fire in the interior of any aircraft and do not take part in the inflaming of the plane.
Furthermore, the growth of the aerospace industry and the airlines’ demand for new and larger aircraft1 are also contributing to the raising demand for Flame-retardants.
Some of the companies in the market are Clariant, United Technologies, AkzoNobel, Teijin, and Kaneka. They are trying to remain competitive by developing sustainable solutions for the aerospace industry.
Technological Advancements and Development of New Flame-retardants
The Flame-retardants Aerospace Plastic Market is influenced by technological advancements and the introduction of new types of Flame-retardants.
The main field of ongoing research and development works is the improvement of the performance of Flame-retardants and rendering materials, properties of which they protect safer.
Thus, the introduction of a new type of flame retardant, namely halogen-free and bio-based Flame-retardants, is gaining popularity due to their reduced environmental influence and greater safety.
These chemicals comply with all existing environmental requirements and meet the dangerous characteristics of substances. Overall, the Flame-retardants Aerospace Plastic Market will remain steadily increasing over the forecast period.
It is affected mainly by the development of the aerospace branch and the predominance of demand for lightweight, fire-resistant plastics. By 2032 the market is expected to reach USD 2.5 billion, and its Compound Annual Growth Rate over the forecast period 2024-2032 will be 3.49%.
Passenger safety is also becoming more important in modern aircraft, and any flammable material is being substituted by flame-retardant material, not only in the interior but also in the plastic materials, due to which these requirements and constraints appear.
Another driving force is the production of commercial aircraft and the rapidly increasing aerospace industry in the world. Thus, the most influential trend in chemical companies' activities is the development of new products and the creation of not only safe but, most of all, environmentally friendly solutions.
Flame-retardants Aerospace Plastic Market Segment Insights
Flame-retardants Aerospace Plastic Market Type Insights
The Flame-retardants Aerospace Plastic Market is segmented by Type into Thermoset Plastics and Thermoplastic Plastics. The Thermoset Plastics segment held a significant market share in 2023, accounting for around 60% of the Flame-retardants Aerospace Plastic Market revenue.
This can be attributed to their superior thermal stability, high strength-to-weight ratio, and excellent resistance to chemicals and solvents. The increasing demand for lightweight and durable materials in aerospace applications is expected to drive the growth of the Thermoset Plastics segment over the forecast period.
The Thermoplastic Plastics segment is also projected to witness steady growth, owing to its versatility, ease of processing, and recyclability. Thermoplastic Plastics are widely used in interior components, wire and cable insulation, and other non-structural applications in aerospace.
This growth is attributed to the rising demand for flame retardant materials in aerospace applications due to stringent safety regulations and the increasing adoption of lightweight and durable materials.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Flame-retardants Aerospace Plastic Market Application Insights
The Flame-retardants Aerospace Plastic Market is segmented based on application into interior components, exterior components, engine components, and other applications.
Interior components accounted for the largest share of the market in 2023, and this trend is expected to continue during the forecast period. The growth of this segment can be attributed to the increasing demand for lightweight and fire-resistant materials in aircraft interiors.
Exterior components are also expected to witness significant growth during the forecast period, owing to the rising demand for Flame-retardants in aircraft exteriors to protect against fire hazards.
Engine components are expected to experience moderate growth, driven by the increasing demand for Flame-retardants in engine nacelles and other critical engine components.
Other applications, such as wire and cable insulation and cargo containers, are also expected to contribute to the growth of the Flame-retardants aerospace plastic market.
The revenue from the Flame-retardants Aerospace Plastic Market is estimated to reach USD 2.6 billion by 2031, with a CAGR of 3.48% over the forecast period. The market growth is primarily driven by the increasing demand for lightweight and fire-resistant materials in the aerospace industry.
Some key insights and data points for the Application segment are as follows Interior components This segment accounted for a market share of 40% in 2023, and it is expected to remain the largest segment over the forecast period.
The Exterior components segment is expected to grow at a CAGR of 3.8% over the forecast period, driven by the increasing demand for Flame-retardants in aircraft exteriors.
The Engine components segment is expected to witness moderate growth, with a CAGR of 3.2% over the forecast period.
The Other applications segment, which includes wire and cable insulation and cargo containers, is expected to grow at a CAGR of 3.6% over the forecast period.
Overall, the demand for Flame-retardants in aircraft interiors and exteriors is expected to drive the growth of the Flame-retardants aerospace plastic market.
Flame-retardants Aerospace Plastic Market Flame Retardant Mechanism Insights
The Flame-retardants Aerospace Plastic market is segmented based on Flame Retardant Mechanism into Intumescent Flame-retardants, Halogenated Flame-retardants, Phosphorus-Based Flame-retardants, Nitrogen-Based Flame-retardants, and Other Flame-Retardant Mechanisms.
Among these, the Intumescent Flame-retardants segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period.
This can be attributed to their ability to form a protective char layer on the surface of the plastic, which prevents the spread of fire and the release of toxic gases.
The Halogenated Flame-retardants segment is also expected to witness significant growth over the forecast period due to their low cost and high efficiency. However, concerns regarding their environmental impact may hinder the growth of this segment to some extent.
The Phosphorus-Based Flame-retardants segment is projected to grow at a steady pace over the forecast period due to their ability to provide good flame retardancy and smoke suppression properties.
The Nitrogen-Based Flame-retardants segment is expected to witness moderate growth over the forecast period due to their increasing use in high-performance plastics.
The Other Flame-Retardant Mechanisms segment is projected to grow at a slower pace over the forecast period due to the limited availability of these Flame-retardants.
Overall, the Flame-retardants Aerospace Plastic market is expected to witness steady growth over the forecast period, driven by the increasing demand for lightweight and fire-resistant materials in the aerospace industry.
Flame-retardants Aerospace Plastic Market Aerospace Insights
The Flame-retardants Aerospace Plastic Market is segmented into Commercial Aerospace, Military Aerospace, and General Aviation.
The Commercial Aerospace segment accounted for 25.88% of the market share in 2021 and is projected to reach USD 0.95 billion by 2028, exhibiting a CAGR of 3.64% during the forecast period.
The growth of this segment can be attributed to the increasing demand for lightweight and fire-resistant materials in commercial aircraft to enhance safety and reduce fuel consumption.
The Military Aerospace segment is estimated to hold a market share of 21.37% in 2021 and is projected to reach USD 0.8 billion by 2028, growing at a CAGR of 3.28%.
This growth is driven by the rising demand for advanced materials in military aircraft to meet stringent safety regulations and improve combat capabilities.
The General Aviation segment accounted for a market share of 14.45% in 2021 and is projected to expand at a CAGR of 3.24%, reaching USD 0.5 billion by 2028. The growing popularity of private jets and the increasing adoption of flame-retardant materials in general aviation aircraft are key factors contributing to the segment's growth.
Flame-retardants Aerospace Plastic Market Regional Insights
The Flame-retardants Aerospace Plastic Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest regional market, accounting for over 40% of the revenue in 2023 and is expected to maintain its dominance throughout the forecast period.
The growth in the region is primarily driven by the presence of major aerospace companies such as Boeing and Lockheed Martin, as well as stringent government regulations regarding fire safety in aircraft. Europe is the second-largest regional market, with a significant share of the revenue.
The region is home to several leading aerospace manufacturers, such as Airbus and BAE Systems, and has a well-established supply chain for flame-retardant plastics.
APAC is expected to be the fastest-growing regional market, with a CAGR of over 5% during the forecast period. The growth in the region is primarily driven by the increasing demand for aircraft from emerging economies such as China and India.
South America and MEA are expected to experience moderate growth during the forecast period, due to the presence of a relatively smaller aerospace industry and lower levels of disposable income.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Flame-retardants Aerospace Plastic Market Key Players and Competitive Insights
Major players in the Flame-retardants Aerospace Plastic Market are constantly striving to gain a competitive edge through strategic partnerships, mergers, and acquisitions.
Leading Flame-retardants Aerospace Plastic Market players are investing heavily in research and development to introduce innovative products that meet the evolving demands of the aerospace industry.
The Flame-retardants Aerospace Plastic Market is characterized by intense competition, with key players vying for market share through technological advancements and product differentiation.
Companies are also focusing on expanding their footprint to cater to the growing demand for Flame-retardants in the aerospace sector.
A leading player in the Flame-retardants Aerospace Plastic Market is Lanxess, a German multinational specialty chemicals company.
Lanxess offers a wide range of Flame-retardants, including halogenated and non-halogenated options, that meet the stringent safety and performance requirements of the aerospace industry.
The company has a strong presence in Europe, Asia-Pacific, and North America, and it continues to invest in capacity expansion and product development to maintain its leadership position.
Another prominent competitor in the Flame-retardants Aerospace Plastic Market is Albemarle, an American specialty chemicals company.
Albemarle provides a comprehensive portfolio of Flame-retardants, including bromine-based and phosphorus-based solutions, for use in aerospace plastics. The company has a manufacturing and distribution network, and it is known for its commitment to innovation and customer service.
Albemarle is actively involved in research and development to develop new flame-retardant technologies that enhance safety and meet the evolving needs of the aerospace industry.
Key Companies in the Flame-retardants Aerospace Plastic Market Include
- SABIC
- ICL Group
- Arkema
- Ferro Corporation
- Clariant
- BASF
- Huntsman Corporation
- Evonik Industries
- Covestro
- The Dow Chemical Company
- LANXESS
- Solvay
- Albemarle
- Cabot Corporation
- Eastman Chemical Company
Flame-retardants Aerospace Plastic Market Developments
The increasing demand for lightweight and fire-resistant materials in the aerospace industry is driving the market growth. Furthermore, stringent government regulations regarding fire safety in aircraft are expected to boost the demand for Flame-retardants in aerospace plastics.
Recent developments in the market include the launch of new flame-retardant products with improved performance and reduced environmental impact.
For instance, in 2023, ICL launched a new halogen-free flame-retardant system specifically designed for aerospace applications. This system offers high flame retardancy while meeting the stringent smoke and toxicity requirements of the aerospace industry.
Key players in the market include BASF, Clariant, Lanxess, and ICL. These companies are investing in research and development to enhance the performance of their products and expand their market share. Mergers and acquisitions are also expected to shape the competitive landscape of the market in the coming years.
Flame-retardants Aerospace Plastic Market Segmentation Insights
Flame-retardants Aerospace Plastic Market Type Outlook
- Thermoset Plastics
- Thermoplastic Plastics
Flame-retardants Aerospace Plastic Market Application Outlook
- Interior Components
- Exterior Components
- Engine Components
- Other Applications
Flame-retardants Aerospace Plastic Market Flame Retardant Mechanism Outlook
- Intumescent Flame-retardants
- Halogenated Flame-retardants
- Phosphorus-Based Flame-retardants
- Nitrogen-Based Flame-retardants
- Other Flame Retardant Mechanisms
Flame-retardants Aerospace Plastic Market Aerospace Outlook
- Commercial Aerospace
- Military Aerospace
- General Aviation
Flame-retardants Aerospace Plastic Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Flame-retardants Aerospace Plastic Market Report Scope
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Report Attribute/Metric
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Details
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Market Size 2022
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1.77(USD Billion)
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Market Size 2023
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1.84(USD Billion)
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Market Size 2032
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2.5(USD Billion)
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Compound Annual Growth Rate (CAGR)
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3.49% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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SABIC, ICL Group, Arkema, Ferro Corporation, Clariant, BASF, Huntsman Corporation, Evonik Industries, Covestro, The Dow Chemical Company, LANXESS, Solvay, Albemarle, Cabot Corporation, Eastman Chemical Company
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Segments Covered
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Type, Application, Flame Retardant Mechanism, Aerospace, Regional
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Key Market Opportunities
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Growing demand for lightweight materials
Rise in air travel
Technological advancements
Stringent regulations
Expansion of the aerospace industry
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Key Market Dynamics
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Rising demand, technological advancements, stringent regulations, the growing aerospace industry, and eco-friendly alternatives
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The Flame-retardants Aerospace Plastic Market is projected to reach a valuation of approximately 1.84 billion USD in 2023.
The Flame-retardants Aerospace Plastic Market is anticipated to expand at a CAGR of 3.49% from 2024 to 2032.
North America is anticipated to dominate the Flame-retardants Aerospace Plastic Market in 2023 due to the presence of major aerospace manufacturing hubs.
Flame-retardants are primarily utilized in aerospace plastics to enhance fire safety and prevent the spread of flames in aircraft components such as interior panels, seat cushions, and electrical insulation.
Some of the prominent players in the Flame-retardants Aerospace Plastic Market include ICL Group, Albemarle Corporation, Lanxess, Clariant, and BASF.
The increasing demand for lightweight and fire-resistant materials in aircraft manufacturing, along with stringent safety regulations, is driving the growth of the Flame-retardants Aerospace Plastic Market.
Environmental concerns regarding the toxicity of certain Flame-retardants and the development of cost-effective and eco-friendly alternatives pose challenges to the Flame-retardants Aerospace Plastic Market.
The adoption of bio-based and sustainable Flame-retardants, as well as the integration of flame-retardant properties into composite materials, are emerging trends in the Flame-retardants Aerospace Plastic Market.
The Flame-retardants Aerospace Plastic Market is projected to reach a valuation of approximately 2.5 billion USD by 2032.
The interior components segment is expected to exhibit the highest growth rate in the Flame-retardants Aerospace Plastic Market due to the increasing demand for fire-resistant materials in aircraft interiors.
