Aerospace Plastic Flame Retardant Industry Worth Million By 2022Posted by Marsh William on March 1st, 2018 The Global Aerospace Plastic Flame Retardant Market is anticipated to reach USD 29 million by 2022. Increasing demand for plastics, because of lesser airframe weight as well as fuel savings is expected to drive market growth. Rising air traffic and evolving security standards will also have a positive influence. The aviation industry is growing on account of new trade routes, escalating income levels, and changing lifestyles. This is fueling demand for plastic flame retardants. However, fluctuating prices of key raw materials, such as phosphorous, nitrogen, and aluminum, could threaten industry growth. The market is categorized by products, applications, and regions. Products include Aluminum Trihydrate (ATH), antimony oxide, boron compounds, organophosphates/phosphorous, and others. ATH accounted for 40% of the overall demand in 2014. Ammonium polyphosphate, red phosphorous and other organophosphates came up as the fastest-growing products in the same year. Organophosphates compounds are anticipated to register the fastest growth (CAGR over 6%) over the forecast period (2015-2022). Browse Details of Report@ https://www.hexaresearch.com/research-report/aerospace-plastic-flame-retardant-market/ Like it? Share it! More by this author |