Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market Size

Low Smoke Halogen Free Flame Retardant Polypropylene Market Size

Low smoke halogen free flame retardant polypropylene (PP) market size will increase from over 185 kilo tons in 2015, with more than 8.5% CAGR growth predicted from 2016 to 2023.

Regulations pertaining to fire safety accompanied by environment consciousness are assumed to play a critical role in positively influencing the global low smoke halogen free flame retardant polypropylene market growth.
 

North America, dominated by U.S. low smoke halogen free flame retardant PP market size is calculated to surpass USD 285 million by 2023, growing at estimated CAGR of 8.5% up to 2023.

North America regulatory agencies such as Bromine Science and Environmental Forum (BSEF) members and Environmental Protection Agency (EPA) have also prohibited halogen containing flame retardants due to their negative effects on the environment and living beings.
 

Moreover, EPA has also started collaboration with industry leaders to identify halogenated flame retardants substitute used in the electrical & electronics industry, which may influence product demand in North America.
 

Favorable policies and regulations have been initiated by various fire safety authorities to avoid from harmful product effects. In EU, directives such as REACH, WEEE and RoHS has implemented the ban against toxic & flammable substances usage which is expected key driver to instigate low smoke halogen free flame retardant polypropylene market growth.
 

Republic of Korea and China have also put into practice WEEE and RoHS, to control harmful product usage which should boost industry growth.
 

Heavy construction spending owing to rise in urbanization and industrialization may result growth for low smoke zero halogen flame retardant PP industry. 
 

Mexican government has elevated its annual infrastructure construction spending and initiated a National Infrastructure Plan to raise around USD 550 billion investments in coming years. China have also witnessed rapid growth in building and construction industry spending owing to increase in manufacturing capacity and rise in disposable income.
 

In 2015, China construction industry was worth over USD 1.63 trillion and is anticipated to double up its spending over the forecast period.
 

These retardants have some drawbacks such as high loading level, colour impartment, and higher level of feeding & dosing. These products are safer and have various positive characteristics, but few operational challenges inefficiency in red or dark colour application may restrict market growth.
 

Electronics & electrical is among the major industry pushed to avoid halogen containing hazardous products in the recent years which is instigated to witness more growth prospects over the forecast period. Automotive industry is predicted to create more opportunity due to the increase in polymers preference over metals. Fire safety & toxicities may drive low smoke halogen free flame retardants polypropylene trend in furniture application.