What is the current Flame Retardants for Aerospace Plastics Market size?

The Flame Retardants for Aerospace Plastics Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029) Read More

Who are the key players in Flame Retardants for Aerospace Plastics Market?

Huber Engineered Materials, Clariant, RTP Company, BASF SE and LANXESS are the major companies operating in the Flame Retardants for Aerospace Plastics Market. Read More

Which is the fastest growing region in Flame Retardants for Aerospace Plastics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Flame Retardants for Aerospace Plastics Market?

In 2024, the North America accounts for the largest market share in Flame Retardants for Aerospace Plastics Market. Read More

What years does this Flame Retardants for Aerospace Plastics Market cover?

The report covers the Flame Retardants for Aerospace Plastics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Flame Retardants for Aerospace Plastics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Flame Retardants for Aerospace Plastics Market Trends

Statistics for the 2023 & 2024 Flame Retardants for Aerospace Plastics market trends, created by Mordor Intelligence™ Industry Reports. Flame Retardants for Aerospace Plastics trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Flame Retardants for Aerospace Plastics Industry

This section covers the major market trends shaping the Flame Retardants for Aerospace Plastics Market according to our research experts:

Carbon Fiber Reinforced Polymers (CFRP) to Dominate the Market

The carbon fiber reinforced polymers (CFRP) segment dominates the consumption of flame retardants, as they are used in the manufacturing of various aircraft components.
In aircraft, CFRP finds application in the cockpit, payload fairing, tanks, bulkheads, wing-body fairing, doors, seat components, and empennage.
With the increasing number of new airport projects across various regions, such as Asia-Pacific, Middle East & Africa, and South America, to accommodate the growing demand for air commute, the orders for new aircraft are also projected to increase over the forecast period.
Besides, numerous countries have been looking forward to replacing old aircraft with the new advanced aircraft with superior safety features to avoid air crashes.
Hence, all such trends are projected to increase the production of new aircraft, which is further expected to drive the demand for flame retardants for the application in aerospace plastics.

flame retardants for aerospace plastics market forecast

Understand The Key Trends Shaping This Market

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Asia-Pacific Region to Witness the Fastest Growth

Asia-Pacific is projected to witness the fastest growth for flame retardants used in aerospace plastics, owing to continuously growing demand for air commute.
Countries, such as China, India, Vietnam, and Indonesia, have been witnessing a significant rise in the air commute, and to increase the availability of aircraft, there has been an increase in the number of new orders for aircraft and aircraft components in the region.
The Indian government, on the other hand, signed a military aircraft manufacturing deal with France, for which the production is planned to be conducted in India.
Additionally, in February 2019, Boeing announced its decision to build 'a factory of the future' in India, for manufacturing next-generation Block III F/A-18 Super Hornet fighter aircraft as part of the 'Make in India' initiative.
Hence, all such plans and deals are expected to provide growth opportunities for the flame retardants used in aerospace plastics in the region.