Fire Resins Market : Overview
The fire resin market is anticipated to witness a significant growth during the forecast period. Increasing fire safety standards, government rules and regulations may lead to positive impact on the growth. Increasing awareness and its use in electronics, construction, electrical, textiles, etc. industries are expected to be the key growth prospects. The ultimate fire retardancy, low smoke emission and less toxicity of fire resins are encouraging the consumers to adopt such techniques. Focus on safety and security is boosting the researches and investments in the sector. Some of the recent developments by the key players are mentioned below.
The research article published by doi.org in January 2021 reports the excellent role of Cu2O on fire safety of epoxy resin with ammonium polyphosphates based on the construction of self-intumescent flame retardant system. The research article reports an effective self-intumescent flame retardant system for epoxy resin with the help of synergistic effect between Cu2O and ammonium polyphosphate. With the process, the pHRR , total heat release, total smoke production, carbon monoxide production was primarily decreased.
In October 2020, Technical Fibre Products shared new fire test data of the use of its Tecnofire in rolling stock composites applications. Tecnofire is effective in enabling composites manufactured from a non-FST epoxy carbon fibre prepeg for passing key elements of EN45545-2 rail standard with a HL2 R1. Tecnofire consist of intumescent fire protection materials which can be used in composite applications and are effective in the protection of underlying structure during a fire and reduces smoke and heat release.
There has been research going on regarding strategies for the preparation of fire safe polymeric materials with polydopamine (PDA). The article published in September 2020 by doi.org, reports the unique features of polydopamine for preparing high-performance flame retardant polymeric materials. The PDA is highly efficient and non-toxic flame retardant and is capable of manufacturing fire-safe polymeric materials including sponge, foam, fabric, film, and polymer matric composite.
Introduction: Fire Resins Market
Resin is an organic substance and insoluble in water. There are several resins used for different industrial applications such as polymer, paints & coatings, etc. Some of the resin are inflammable and known as fire resins or flame retardant resins. The only basic element that separates fire resins from other resins are the flame retardant technologies is used to minimize fire hazards.
The key application of the fire resins is 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.
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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.
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.
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- 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)
- 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.
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- Detailed overview of parent market
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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
- Halogen Free
On the basis of resin, fire resins market is segmented as
- Phenolic Resin
- Polyester Resin
- Epoxy Resin
On the basis of composites, fire resins market segmented as
On the basis of end use, fire resins market is segmented as
- Oil & Gas
- Other Industrial
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