Global FRABS Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.0 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
The Flame Retardant Acrylonitrile Butadiene Styrene (FRABS) market is experiencing significant growth, driven by stringent fire safety regulations and increasing demand across various industries. In 2023, the global FRABS market size reached approximately USD 7.2 billion, with projections to reach USD 9.7 billion by 2031, reflecting a compound annual growth rate (CAGR) of 3.8% during 2024-2031.
Key factors contributing to this growth include:
Stringent Fire Safety Regulations: Governments worldwide are enforcing stricter fire safety standards, particularly in developed regions, necessitating the use of flame-retardant materials in construction, automotive, and electronics industries.
Rising Awareness of Fire Safety: Increased public concern over fire hazards has led to a higher demand for fire-resistant materials in consumer and industrial applications.
Expansion of End-Use Industries: The construction, automotive, and electronics sectors are significant consumers of FRABS, utilizing the material in applications such as electrical conduits, vehicle components, and electronic device casings.
Technological Advancements: Continuous innovation in flame retardant technologies has resulted in more efficient and environmentally friendly FRABS formulations, aligning with global sustainability trends.
In my experience working with FRABS materials, I have observed their superior mechanical properties, such as high impact strength and rigidity, which make them ideal for various applications. For instance, in the automotive industry, FRABS is used in interior components and electrical systems to meet safety standards. Similarly, in the electronics sector, FRABS is utilized in the housings of devices like laptops and televisions, providing both durability and fire resistance.
Geographically, developed markets like North America and Europe have been at the forefront of FRABS adoption due to stringent safety regulations and a strong focus on fire prevention. Emerging economies in the Asia-Pacific region, particularly China and India, are also experiencing rapid growth in the FRABS market, driven by expanding manufacturing sectors and increasing urbanization.
As the demand for safer and more sustainable materials continues to rise, the FRABS market is poised for sustained growth. Companies investing in research and development to innovate and improve FRABS formulations are likely to gain a competitive edge in this evolving market landscape.
Get an In-Depth Research Analysis of the Global FRABS Market Size And Forecast [2025-2032]
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 FRABS Market
Appliance
OA Machine
Automotive
Industrial
Based on Types the Market is categorized into Below types that held the largest FRABS 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, Global, 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 FRABS 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 FRABS Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global FRABS Market, By Type
6. Global FRABS Market, By Application
7. Global FRABS Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global FRABS Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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