[Online Quarterly Update] Global consumption of Flame Retardant Resin (Epoxy, Phenolic & Polyester resin) in Electronic & Electrical (E&E) composites in 2015 was around 1.45 million tonnes, whereas the global consumption was around 1.76 million tonnes in the year 2021. Global Flame Retardant Resin in E&E Composite market is expected to witness significant growth by reaching 3.8 million tonnes global consumptions by 2035, growing at a healthy CAGR of 6.1% during the forecast period until 2035.
Flame Retardants chemical compounds are added to plastic compounds to protect against flammability. Based on type, majorly flame-retardant resin market is categorized into Epoxy, Polyester, Phenolic and Others.
Epoxy Resin is a thermosetting copolymer produced by polymerizing epoxide and other monomers containing hydroxyl groups. Global capacity of Epoxy Resin was 4.8 million tonnes in 2021. Approximately 26% of Epoxy Resin is consumed in Electrical & Electronic industry as Flame Retardant.
Unsaturated polyester resin (UPR) is synthesized via condensation of glycols with unsaturated dibasic acid or their anhydrides. Global consumption of Unsaturated Polyester Resin stood at around 5.3 million tonnes in 2021, of which approximately 7.5% of the resin is consumed as Flame Retardant in electrical & electronics industry.
Phenolic Resin or Phenol formaldehyde resin is a synthetic polymer obtained from the reaction of phenol or phenol formaldehyde. 40% of global phenol is used in the manufacturing of Phenolic Resin. Global Phenolic resin capacity was around 5 million tonnes in 2021. 12% of global phenolic resin is used as flame retardant material in manufacturing electrical components.
In electrical & electronics industry flame, retardant resin is used in application such as PCB Laminates, Enclosures, Electrical components, and others.
In Global Flame Retardant Resin in E&E Composite market, Epoxy resin is anticipated to witness high growth owing to high demand from PCB laminates in the consumer electronics and communication sector. Introduction of 5G technologies in next 2-3 years will eventually help in the growth of PCBs laminates which will drive the growth of Flame Retardant Resin in E&E Composite Market through 2035. Epoxy and Phenolic resin are expected to grow significantly whereas the polyester resin is anticipated to witness slow growth rate over the forecast period.
Asia Pacific holds the largest share of Flame Retardant Resin in E&E Composite market, due to rapid growth in industrialization and growing demand from Electronic Industry. Also, it is expected to witness highest growth over the forecast period due to high demand in production of PCBs laminates in countries China, Taiwan, Japan, and South Korea. Asia Pacific is the leading consumer and supplier of electronic components with growth in infrastructure and residential household.
Major players operating in the Global Flame Retardant Resin in E&E Composite market include Shengquan Group, Jiangsu Sanmu Group, Nan Ya Plastics Co Ltd, Huntsman Corporation, Hexion Inc., The Dow Chemical Company, Nantong Tianhe Resin Co., Ltd, Newsolar Technology Group, Polynt-Reichhold group and others. In Epoxy Resin market, Jiangsu Sanmu Group, Olin Corporation, and Huntsman are the key players. Shengquan Group & Finland Taier Chemical Company are the leading players in Phenolic resin. Newsolar Technology Group & Tianhe Resin Co., Ltd are key manufactures of unsaturated polyester resin.
Years considered for this report:
Historical Period: 2015-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2035
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Objective of the Study:
• To assess the demand-supply scenario of Flame Retardant Resin which covers production, demand, and supply of Flame Retardant Resin in E&E Composite market globally.
• To analyse and forecast the market size of Flame Retardant Resin in E&E Composite
• To classify and forecast Flame Retardant Resin in E&E Composite market based on type, application, and regional distribution.
• To identify drivers and challenges for Flame Retardant Resin in E&E Composite market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Flame Retardant Resin in E&E Composite market.
• To identify and analyse the profile of leading players involved in the manufacturing of Flame Retardant Resin.
To extract data for Flame Retardant Resin in E&E Composite market, primary research surveys were conducted with Flame Retardant Resin manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Flame Retardant Resin in E&E Composite market over the coming years.
ChemAnalyst calculated Flame Retardant Resin in E&E Composite demand globally by analyzing the historical data and demand forecast which was carried out considering the growth of end use industry, and production of Flame Retardant Resin. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Flame Retardant Resin manufacturers and other stakeholders
• Organizations, forums, and alliances related to Flame Retardant Resin in E&E Composite distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Flame Retardant Resin in E&E Compositemanufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Flame Retardant Resin in E&E Compositemarket has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size volume by 2035
3.8 million Tonnes
Growth Rate
CAGR of 6.1% from 2022 to 2035
Base year for estimation
2021
Historic Data
2015 – 2020
Forecast period
2022 – 2035
Quantitative units
Demand in Million Tonnes and CAGR from 2022 to 2035
By Type (Epoxy, Unsaturated Polyester Resin (UPR), Phenolic)
By Application (PCB Laminates, Enclosures, Electrical components, and Others)
By Sales Channel (Direct Company Sale, Indirect Sale)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Shengquan Group, Jiangsu Sanmu Group, Nan Ya Plastics Co Ltd, Huntsman Corporation, Hexion Inc., The Dow Chemical Company, Nantong Tianhe Resin Co., Ltd, Newsolar Technology Group, Polynt-Reichhold group and others
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What is the expected CAGR of global Flame Retardant Resin in E&E Composite market?
Ans:
Global Flame Retardant Resin in E&E Composite market is expected to grow with a healthy CAGR of 6.1% in the forecast period.
Q2.
Which region demands the maximum share in the Flame Retardant Resin in E&E Composite market as of 2021?
Ans:
The APAC region holds the maximum share in the Flame Retardant Resin in E&E Composite market owing to growing demand from consumer electronics and adaptation of 5G technology in communication sector.
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