Flame Retardants For Aerospace Plastics Market: Outlook, Opportunity and Demand Analysis 2022

The global flame retardants for aerospace plastics market is expected to reach USD 29.1million by 2022, according to a new report by Grand View Research, Inc. Growing plastics demand owing to lower airframe weight and fuel savings is anticipated to remain a major driving factor for the global market.

Increasing air passenger traffic and evolving safety standards are also expected to have a positive influence on industry growth. Volatile price of key raw materials such as aluminum, phosphorous and nitrogen are expected to pose challenges to industry growth.

Aluminum trihydrate (ATH) was the most popular flame retardant used widely as a synergist across aerospace plastic applications, on account of its low cost and abundant availability. ATH accounted for over 40% of total demand in 2014. Organophosphates/phosphorous compounds are expected to witness the highest growth of 5.9% from 2015 to 2022.

Browse request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/flame-retardants-aerospace-plastics-market/request/rs1