Lucintel Forecasts Flame Retardant Resin in the Global Transportation Composites Market to Reach $290 Million by 2030
Lucintel Forecasts Flame Retardant Resin in the Global Transportation Composites Market to Reach $290 Million by 2030
Blog Article
According to the recent study the Flame Retardant Resin in the Global Transportation Composites Market is projected to reach an estimated $290 million by 2030 from $250 million in 2023 at a CAGR of 2% from 2023 to 2030. Growth in this market is primarily driven by growing demand for high performance composite materials and the replacement of metals with composites in different end use industries.
Browse 120 figures/charts and 94 tables in this 177-page report to understand trends, opportunities and forecast in Flame Retardant Resin in the Global Transportation Composites market by resin type (epoxy, phenolic, polyester, vinyl ester, and others), component (interior, exterior, and others), application (automotive and mass transit), FR and non-FR resin (automotive and mass transit), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that phenolic will remain the largest resin type segment over the forecast period due to increased awareness of its performance and the increased demand for lightweight components in the global market.
Automotive will remain the largest end application segment by value and volume over the forecast period due to wider use of flame retardant resin in lamp reflectors, air spoilers, body panels, motors and generators, automotive ignition parts, wire and cabling system, and electrical components. Mass transit is expected to witness the highest growth over the forecast period.
Europe is expected to remain the largest transportation composites market for flame retardant resin, driven by domestic sales and increased domestic demand for luxury vehicles. ROW is expected to witness the highest growth over the forecast period.
Hexcel Corporation, Cytec Solvay Group, Gurit, Toray Industries Inc., SGL, Mitsubishi Rayon, and Toho Tenax (Teijin) are the major suppliers in the Flame Retardant Resin in the Global Transportation Composites providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056