Fire Resins Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028

Introduction: Fire Resins Market

The Resin is an organic substance and insoluble in water. There are several resins used for the different industrial application such as, polymer, paints & coatings, etc. Some of the resin are inflammable and known as fire resins or flame retardant resins. The only basis element that separates fire resins from other resins are the flame retardant technologies is used to minimize the fire hazards. The key application of the fire resins are to disrupt the fire triangle element for combustion. Fire resins work on the mechanism of vapor phase inhibition mechanism in which fire resins are reacted with burning polymer in the vapor phase to disrupt the production of radicals at the molecular base. As per the National Fire Protection Association’s (NFPA) publication in 2016, there were more than thousands of lives lost owing to fire globally. Fire resins have huge opportunity to grow in the market and moderately replace the traditional resins.

Market Dynamics: Fire Resins Market

Fire resins market is expected to gain traction in the near future. There are several factors which are responsible for the growth of fire resin market such as strigent regulations related to safety concern of the people in industries and growth of wooden frame houses in the Western European countries. Along with these positive factors, some negative factors restrict the progress of fire resins market such as, volatile prices of the raw materials, relatively weak growth of regional dynamics is expected to restrict the demand of fire resins market. Key players in the fire resins market are planning to offer high properties based resins to cater to specific end-use requirements. These key players prefer to offer high value-added resins in order to achieve major share in terms of value and volume. Manufactures are focussing to offer application specific products in fire resins segment and growing consumption in the developing region is expected to create new trends in the fire resins market in between the forecast period. On the basis of geographical region, North America is expected to fuel the demand of fire resins market followed by Western Europe and the Asia Pacific.

Market Segmentation: Fire Resins Market

Fire resins market is segmented on the basis of classification and end use

On the basis of classification,fire resins market is segmented as

• Halogenated
• Halogen Free

On the basis of resin, fire resins market is segmented as

• Phenolic Resin
• Polyester Resin
• Epoxy Resin
• Other

On the basis of composites, fire resins market segmented as

• Glass
• Carbon
• Other

On the basis of end use, fire resins market is segmented as

• Residential
• Commercial
• Industrial
  • Transportation
  • Automotive
  • Fertilizer
  • Chemicals
  • Marine
  • Oil & Gas
  • Other Industrial

Regional Outlook: Fire Resins Market

In terms of value and volume, North America is gaining traction to dominate the global fire resins market in the near future owing to safety of industrial and human in the region. On the basis of consumption, Asia Pacific led the global market by the end of 2018, followed by Western Europe. Fire resins market in the India is projected to experience weak growth as compared to the other ASEAN countries. Stringent government regulations implementation regarding emission of pollutants in the U.S. is anticipated to pull the market growth in the near future. The Asia Pacific is experiencing rapidly changing economics in countries like China and India, in addition to this increasing automotive sector in countries such as India, South Korea, and Japan, and also the significant change in innovative technologies offered for the agricultural in China and Malaysia are estimated to witness for the growth in lubricity improver market in the region.

Some of the key players of Fire resins market are the

• Ashland Specialty Chemicals
• Interplastic Corporation
• Polynt Composites Inc
• Reichhold Chemical Corporation
• The Dow Chemical Company
• The Lubrizol Corporation
• Chevron Ornite Company
• Huntsman Corporation
• Sumitomo Bakelite Co., Ltd.
• Polynt Composites
• Huntsman Corporation

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
• CIS and Russia
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR