Fire Retardant ABS Market was valued at USD 0.75 Billion in 2022 and is projected to reach USD 1.25 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
The Fire Retardant ABS market was valued at approximately USD 1.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. This growth is driven by increasing demand across various industries, including automotive, electronics, and construction, due to stringent fire safety regulations and the need for materials that offer enhanced protection against fire hazards. The market's expansion is supported by advancements in polymer technology and the growing emphasis on safety standards, which continue to spur the adoption of fire retardant ABS in various applications.
Emerging markets present significant opportunities for growth in the fire retardant ABS sector. Regions such as Asia-Pacific are expected to witness substantial market growth due to rapid industrialization, urbanization, and increasing infrastructure development. Additionally, the rising awareness of fire safety and the implementation of more rigorous building codes in these regions are likely to drive demand. The ongoing research and development efforts to enhance the properties of fire retardant ABS and the potential integration of these materials into new applications further amplify the market's potential.
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Chi Mei
LG Chem
SABIC
Lotte Advanced Materials
KKPC
Formosa Plastics
Grand Pacific Chemical
Techno-UMG
Toray
CNPC
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fire Retardant ABS Market
Appliance
OA Machine
Automotive
Industrial
Based on Types the Market is categorized into Below types that held the largest Fire Retardant ABS market share In 2023.
Non-halogen Type
Halogen Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fire Retardant ABS Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fire Retardant ABS Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fire Retardant ABS Market, By Type
6. Global Fire Retardant ABS Market, By Application
7. Global Fire Retardant ABS Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fire Retardant ABS Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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