Flame Retardant ABS Market - Forecast(2023 - 2028)

Report Code: CMR 1473 Report Format: PDF + Excel

Flame Retardant ABS Market Overview

The Flame Retardant ABS Market size is forecast to reach US$1.1 billion by 2027, after growing at a CAGR of 5.5% during the forecast period 2022-2027. Flame retardant ABS (acrylonitrile-butadiene-styrene) is a type of thermoplastic that has flame-resistant properties. It is mainly composed of certain amounts of ABS resin, polyvinyl chloride resin and stearic acid in which the flame retardant property is obtained through the process of blending aluminum hypophosphite with certain ingredients. Flame retardant ABS is primarily used in a wide range of industries which include automotive, aerospace, marine, construction, electrical & electronics and other industries. In 2020, the COVID-19 lockdown had significantly reduced production activities as a result of the country-wise shutdown of manufacturing sites, shortage of labor and the decline of the supply and demand chain all over the world, thus, affecting the market. However, a steady recovery in automobile production has been witnessed across the world since 2021. Flame retardant ABS is primarily used in interior parts and components of an automobile, owing to its excellent process stability, high impact resistance and heat distortion temperature. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total global automobile production reached 80.2 billion units in 2021, an increase of 3% as compared to 77.7 billion units in 2020. An increase in automobile production along with the surging demand from the aerospace industry acts as the major driver for the market. On the other hand, the availability of substitutes may confine the growth of the market.

Flame Retardant ABS Market Report Coverage

The “Flame Retardant ABS Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Flame Retardant ABS Industry.

By Product Type: Halogen, Non-Halogen.
By Form: Sheet & Film, Granules.
By End-Use Industry: Transportation (Automotive (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicles), Aerospace (Commercial, Military, Others), Marine, Locomotive), Construction (Residential, Commercial, Industrial), Home Appliance, Electrical & Electronics, Others.
By Geography: North America (USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East and Africa).

Key Takeaways

  • Non-halogen product type in flame retardant ABS industry held a significant share in 2021. Its wide range of properties and benefits such as high strength, non-toxicity and more is expected to increase its demand over other product types in the market.
  • Transportation industry held the largest share in the Flame Retardant ABS Market in 2021, owing to the increasing demand for flame retardant ABS from the automotive, aerospace, marine and locomotive sectors across the world. For instance, in January 2021, FedEx Express invested around US$6.6 billion for the development of 24 medium and large Freighters from Boeing, which is expected to increase the demand for flame retardant ABS for use in interior applications of an aircraft.
  • Asia-Pacific dominated the Flame Retardant ABS Market size in 2021, owing to its increasing demand from the transportation sector of the region. For instance, recent insights from OICA states that the total automobile production in 2021 in Asia-Pacific increased by 28% in comparison to 2020.
  • A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Flame Retardant ABS Market Report.

Figure: Asia-Pacific Flame Retardant ABS Market Revenue, 2021-2027 (US$ Billion)


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Flame Retardant ABS Market Segment Analysis – by Product Type

The non-halogen segment held a significant portion of the Flame Retardant ABS Market share in 2021, owing to the range of benefits it offers over other types of flame retardant ABS. For instance, non-halogenated flame retardant ABS are non-toxic in nature and do not release harmful gases upon combustion as opposed to halogenated flame retardant ABS. Moreover, non-halogenated flame retardants are not persistent, owing to which, they do not cause bioaccumulation as compared to halogenated flame retardants. They are capable of functioning independently which is an added advantage, as they do not require a synergist in order to provide the required performance. Furthermore, non-halogenated flame retardant ABS are greener additives and are not associated with any environmental or regulatory concerns in comparison to halogenated product types. Hence, all of these benefits are driving its demand for halogenated product types, which in turn, is expected to boost the market growth during the forecast period.

Flame Retardant ABS Market Segment Analysis – by End-Use Industry

The transportation industry held the largest portion of around 30% of the Flame Retardant ABS Market share in 2021, owing to the increase in production from automotive, aerospace, marine and locomotive sectors across the globe. For instance, recent insights from the European Automobile Manufacturers' Association (ACEA) state that total passenger car production during the fourth quarter of 2020 reached around 34 million in Asia-Pacific, 14 million in Europe, 1.3 million in the Middle East/Africa, 1.7 million in South America and 9.6 million in North America respectively. In February 2021, the construction work started for the development of the British rail manufacturing facility in Goole, UK. The construction of this facility will be completed by 2023. Moreover, Airbus delivered around 460 commercial aircraft while Boeing delivered 230 commercial aircraft in 2021. In February 2021, A.P. Moller – Maersk, a Denmark-based shipping company, announced its plan to launch its first carbon-neutral liner vessel in Denmark. The construction of the new vessel is scheduled to be delivered in 2023. Furthermore, in February 2021, the operations for the development of the British rail manufacturing facility commenced in the UK. The development of this facility is expected to be completed by 2023.

Flame retardant ABS thermoplastic is composed of ABS resin, polyvinyl chloride resin, polycarbonate, aluminum hypophosphite and more and it is primarily used in various interior components of aircraft, automobile, marine and rail systems along with its electrical and electronic components such as wires, cables and more, owing to their excellent resistance to fire, chemicals along with high strength, durability, impact resistance and other similar properties. Thus, such increasing production from the transportation sectors is expected to increase the demand for flame retardant ABS, which in turn, is expected to accelerate the growth of the market during the forecast period.

Flame Retardant ABS Market Segment Analysis – by Geography

Asia-Pacific held the largest portion of the Flame Retardant ABS Market share in 2021 up to 31%. The consumption of flame retardant ABS is particularly high in this region due to its increasing demand from the transportation sector. For instance, recent insights published by the OICA (International Organization of Motor Vehicle Manufacturers) during the fourth quarter of 2020 state that around 25 million, 3.5 million, 8 million and 3.4 million units of vehicles were produced in China, South Korea, Japan and India, respectively, which in turn, contributed to approx. 50% of the global automobile production during the year 2020. In February 2022, Mitsubishi Shipbuilding partnered with TotalEnergies for the construction of a liquefied CO2 marine carrier in Japan. Its construction is scheduled for completion by 2023. Furthermore, in September 2021, the construction of a new fishing training ship began in Taiwan. The government of Taiwan invested NT$840 million (US$30.2 million) in the construction of the new ship which also complies with international standards. Its construction is scheduled to be completed in 2023.

In this way, an increase in the production from the transportation sectors across multiple countries in the region is expected to increase the demand for flame retardant ABS, owing to their high strength, durability, impact resistance, along with excellent resistance to fire, chemicals other similar properties. This is anticipated to propel the growth of the market during the forecast period.

Flame Retardant ABS Market Drivers

An increase in automobile production is most likely to increase demand for the product

Flame retardant ABS is primarily used in automobile bodies along with its electrical and electronic components such as batteries, wires and more. Its range of properties such as excellent impact resistance, aesthetic qualities, high strength and fire resistance makes it ideal for use in the automotive sector. According to a recent study published by the German Association of Automotive Industry during the fourth quarter of 2020, the new registration of motor vehicles reached up to 16,763 units in Europe, 37,467 units in Asia, 3080 units in South America, 17,421 units in North America, 12,733 units in Western Europe and 5180 units in other regions worldwide. Likewise, in August 2021, Ford commenced the development of its automobile plant in Germany. The new facility will be responsible for the assembly of a new electric vehicle and aims at increasing electric vehicle production in the country. The facility construction is scheduled to be completed by end of 2022. Furthermore, according to recent insights from the South Korean Ministry of Trade, Industry and Energy, automobile production in South Korea amounted to 271,054 units in December 2021. It further states that Hyundai Motor and GM Korea account for about 53.3% of total domestic automobile production in the country. Hence, an increase in demand and production of automobiles is expected to increase the demand for flame retardant ABS composed of ABS resin, polyvinyl chloride resin, polycarbonate, aluminum hypophosphite and more, owing to their above-mentioned properties. This is most likely to drive the growth of the market in the upcoming years.

Surging demand from the aerospace industry is most likely to increase demand for the product

The properties of flame retardant ABS such as high tensile strength, durability, excellent impact resistance, fire resistance and low cost are driving its demand for use in various components of an aircraft which include glare shields, side panel backing, cabin interiors, overhead luggage storage compartment along with its electrical and electronic systems. For instance, according to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is estimated to reach up to 8,270 by the end of 2037, owing to the growth of air cargo activities. It further states that the development of the US mainliner carrier fleet is estimated to increase at a rate of 54 aircraft per year. Furthermore, Airbus delivered around 460 commercial aircraft while Boeing delivered 230 commercial aircraft in 2021. Hence, an increase in global aircraft production is expected to increase the demand for flame retardant ABS for use in various interior components of an aircraft. This is anticipated to drive the growth of the market in the upcoming years.

Flame Retardant ABS Market Challenges

Availability of substitutes may confine the growth of the market

In November 2021, Floreon launched its halogen-free flame retardant bioplastic as an alternative to flame retardant ABS thermoplastic composed of ABS resin, polyvinyl chloride resin, polycarbonate, aluminum hypophosphite and more. Floreon affirmed that its high-performance PLA is an ideal alternative to flame retardant ABS which is obtained from plants. Moreover, flame retardant bioplastic is suitable for chemical and mechanical recycling as opposed to flame retardant ABS which cannot be recycled, owing to concerns regarding its halogen contamination. Furthermore, Floreon’s flame retardant bioplastic is capable of significantly reducing the carbon footprint as compared to flame retardant ABS, which makes it a safe and sustainable option for electrical goods. The flame retardant ABS-like properties of Floreon’s flame retardant bioplastic along with its reduced carbon footprint makes it ideal for use in electronics, home furnishings and other applications. Thus, such similar properties and performance of flame retardant ABS substitutes may confine the growth of the flame retardant ABS market size.

Flame Retardant ABS Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Flame Retardant ABS Market. The top 10 companies in the Flame Retardant ABS Market include:

  1. Techno-UMG
  2. LyondellBasell
  3. LG Chem
  4. SABIC
  5. Rochling Group
  6. King Plastic Corporation
  7. LOTTE Chemical
  8. SENOPLAST Klepschi Co. GmbH
  9. Toray Industries
  10. CNPC

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1. Flame Retardant ABS Market - Market Overview
    1.1 Definitions and Scope
2. Flame Retardant ABS Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Form
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Flame Retardant ABS Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Flame Retardant ABS Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Flame Retardant ABS Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Flame Retardant ABS Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Flame Retardant ABS Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Flame Retardant ABS Market – By Product Type (Market Size - US$ Million/Billion)
    8.1 Halogen
    8.2 Non-Halogen
9. Flame Retardant ABS Market – By Form (Market Size - US$ Million/Billion)
    9.1 Sheet & Film
    9.1.1 Aerospace
            9.1.1.1 Commercial
            9.1.1.2 Military
            9.1.1.3 Others
        9.1.2 Marine
        9.1.3 Locomotive
    9.2 Construction
        9.2.1 Residential
        9.2.2 Commercial
        9.2.3 Industrial
    9.3 Granules
9.4 Home Appliance
9.5 Electrical & Electronics
    9.6 Others
10. Flame Retardant ABS Market – By End-Use Industry (Market Size - US$ Million/Billion)
    10.1 Transportation
        10.1.1 Automotive
            10.1.1.1 Passenger Cars
            10.1.1.2 Light Commercial Vehicle
            10.1.1.3 Heavy Commercial Vehicles
11 Flame Retardant ABS Market - By Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.2 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.13 Rest of Africa
12 Flame Retardant ABS Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13 Flame Retardant ABS Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Geography - Major companies
    13.4 Market Share at Country Level - Major companies
    13.5 Market Share by Key Product Type/Product category - Major companies
14 Flame Retardant ABS Market – Key Company List by Country Premium Premium
15 Flame Retardant ABS Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 11 and more
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