Dublin, Sept. 06, 2023 (GLOBE NEWSWIRE) -- The "Low Smoke Halogen Free Flame Retardant Polypropylene - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Low Smoke Halogen Free Flame Retardant Polypropylene Market to Reach $1.3 Billion by 2030
The global market for Low Smoke Halogen Free Flame Retardant Polypropylene estimated at US$780.1 Million in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030.
Construction, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$473.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electrical & Electronics segment is readjusted to a revised 7.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $207.9 Million, While China is Forecast to Grow at 10.3% CAGR
The Low Smoke Halogen Free Flame Retardant Polypropylene market in the U.S. is estimated at US$207.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$316.6 Million by the year 2030 trailing a CAGR of 10.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Market Scope
The analysis involves an independent evaluation of annual sales figures in US$ thousand for the years 2022 through 2030, accompanied by the corresponding percentage CAGR (Compound Annual Growth Rate).
Both recent and historic sales data are presented, offering a thorough understanding of the market's historical performance and future projections. The 16-Year Perspective table provides a percentage breakdown of value sales for Low Smoke Halogen Free Flame Retardant Polypropylene across specified geographic regions for the years 2014, 2023, and 2030.
This comprehensive dataset allows for a comprehensive analysis of the market's growth trends and dynamics across diverse regions over a significant time frame. Should you require further information or assistance, please do not hesitate to reach out.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Market Overview
- Influencer Market Insights
- World Market Trajectories
- Low Smoke Halogen Free Flame Retardant Polypropylene - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Select Competitors (Total 11 Featured) -
- BASF SE
- Chemtura Corporation
- Clariant AG
- Delamin Ltd.
- Dow, Inc.
- DuPont de Nemours, Inc.
- FRX Polymers, Inc.
- Huber Engineered Materials
- Israel Chemicals Ltd.
- Lanxess AG
- Nabaltec AG
- PolyOne Corporation
- PolyPacific Pty., Ltd.
- RTP Company
- Shanghai Senpeng New Material Technology Co., Ltd
- Thor Group Limited
- Washington Penn Plastic Co., Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 179 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $780.1 Million |
| Forecasted Market Value (USD) by 2030 | $1300 Million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/mqpzo5
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