Low Smoke Halogen Free Flame Retardant Polypropylene Market Size, Share & Trends Analysis Report By Application (Construction, Automotive, Electrical & Electronics, Industrial), By Region, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The global low smoke halogen free flame retardant polypropylene market size was valued at USD 637.1 million in 2023 and is projected to grow at a CAGR of 9.5% from 2024 to 2030. The market growth is attributed to the increased adoption of low-smoking halogen-free flame retardant polypropylene due to its low-smoking emission and environment-favoring properties. Rising incidents related to fire and increased demand for safer alternatives have further resulted in market growth. Furthermore, stringent regulations about fire safety have resulted in increased use of polypropylene to restrict fire hazards in various sectors such as construction, automotive, and electrical.

Polypropylene is a highly fire-resistant and low smoke halogen free flame retardant polymer. It is used in automobiles, textiles, packaging, electrical, and electronics, as these industries have a high chance of fire hazards. This polymer is also used in construction due to its thermal insulation properties. Key companies are investing in research and development to integrate this polymer into the manufacturing of their products due to its fire-resistant and low-smoke attributes. Therefore, these factors have resulted in the upward growth of this market.

Government regulations to reduce the probability of fire hazards are also fueling this market. Governments are encouraging manufacturers to implement the usage of polypropylene polymers. The government's regulations ensure product quality to avoid fire mishaps or at least increase the escape time in case of any hazard. Furthermore, polypropylene is manufactured at a lower cost than other polymers. Therefore, it is widely available for the end-use industries. Hence, these factors have been attributed to the substantial growth in this market.

Application Insights

The construction segment accounted for a market share of 31.2% in 2023. This growth was attributed to the growth in the infrastructure sector and increased use of low smoke halogen-free flame retardant polypropylene in construction materials due to its fire-resistance and environment-friendly properties. There has been growth in the integration of this polymer in products such as steel structures, paints, insulations, corrugated sheets, and doors. Furthermore, the affordability and availability of polypropylene polymer have also aided in the increased demand and manufacturing of products made from polypropylene polymer. Therefore, these factors have been attributed to the market growth of this segment.

The automotive segment is expected to grow at a CAGR of 9.9% during the forecast period. This growth can be attributed to the growth in automobile sales and increased usage of polypropylene polymer in automobile manufacturing. There has been an increase in the use of this polymer as an alternative to metal components, which aids in vehicle weight reduction. Polypropylene polymers are used in the wiring and electrical and electronic components of vehicles to mitigate fire hazards. Therefore, these factors are responsible for the market growth of this segment.

Regional Insights

The North America low smoke halogen-free flame retardant polypropylene market had a share of 31.7% in 2023. The presence of key companies and growth in sectors such as construction, automotive, electrical, and electronics are the major factors responsible for the market growth in this region. Stringent government regulations regarding fire hazards have increased demand for low-smoke halogen-free flame retardant polypropylene polymer in manufacturing products. Furthermore, polypropylene polymer's easy availability and low-cost properties have also resulted in market growth in this region.

U.S. Low Smoke Halogen Free Flame Retardant Polypropylene Market Trends

The U.S. market is expected to expand rapidly due to the rapid growth in construction, electrical and electronics, and automotive sectors. The presence of significant market players and their increased usage of flame-retardant polypropylene polymer has aided in the market growth. Furthermore, stringent government regulations for fire hazards have resulted in an increase in the integration of polypropylene polymer in manufacturing products such as wires and cables, doors, automobile parts, and more.

Asia Pacific Low Smoke Halogen Free Flame Retardant Polypropylene Market Trends

Asia Pacific dominated the low smoke halogen free flame retardant polypropylene market with a market share of 35.1% in 2023. This growth was attributed to the increased demand for products made from low smoke halogen free flame retardant polypropylene. The market is also growing due to the polymer's easy availability and low manufacturing cost. Economic growth in the countries of this region, such as China, India, and Japan, has resulted in growth in sectors of construction, automotive, and more. Therefore, there is an increased demand for polypropylene polymer products due to its fire-resistant and environmentally friendly properties. Hence, these factors are responsible for the market growth in the region.

China dominated the low smoke halogen-free flame retardant polypropylene market in 2023. The factors responsible for the market growth are the presence of major manufacturing companies and increased demand for products made from polypropylene polymer. Technological advancements and cheap labor have allowed the manufacturing industry to manufacture products efficiently and at a low cost. Therefore, these factors are attributed to the market growth of this segment.

Europe Low Smoke Halogen Free Flame Retardant Polypropylene Market Trends

Europe low smoke halogen free flame retardant polypropylene market was identified as a lucrative region in this industry, as it had a market share of 24.1% in 2023. This growth was attributed to the increased use of flame-retardant polypropylene polymer in growing sectors such as construction, automobile, and packaging. Furthermore, the government's emphasis on the usage of flame-retardant polypropylene polymer in the manufacturing of products to reduce the instances of fire hazards has also resulted in market growth in this region.

The UK low smoke halogen-free flame retardant polypropylene market is expected to grow rapidly due to stringent government rules regarding fire hazards and increased demand for the polymer in developing sectors such as automobiles and construction. Furthermore, the polymer's easy availability and low manufacturing cost have resulted in the market's growth in this country.

Key Low Smoke Halogen Free Flame Retardant Polypropylene Company Insights

Some of the major companies in the low smoke halogen free flame retardant polypropylene market are Borealis AG, RTP Company, SABIC, Avient Corporation, and more. Companies are focusing on developing products with integration of recycled and sustainable materials and polypropylene in order to ensure fire safety and environment sustainability.

• SABIC is a petrochemical manufacturing company specializing in products such as chemicals, commodities and high-performance plastics and agri-nutrients. The company provides services to industries such as healthcare, mobility, electrical, electronics, packaging and more.

• Borealis AG is a petrochemical company specializing in polyolefin and plastics. The company provides services to sectors such as consumer goods, automotive, energy, pipes, and more.

Recent Developments

• In May 2024, SABIC, a chemical company, announced the results of thermoplastics-based thermal runaway barrier solutions to avoid fire hazards in electric vehicle (EV) batteries. SABIC's battery module box is made from STAMAX 30YH570 long glass fiber polypropylene (PP) resin, which was able to act as an effective thermal barrier solution in the test.

• In June 2023, Avient Corporation announced the expansion of its bio-based and recycled-content Thermoplastic Elastomer (TPE) portfolio by launching a new range of halogen-free flame-retardant (HFFR) grades that contained recycled and bio-based resins. The new grades were developed to mitigate the increased demand for consumer electronic applications made with sustainable materials.

Low Smoke Halogen Free Flame Retardant Polypropylene Market Report Scope

Global Low Smoke Halogen Free Flame Retardant Polypropylene Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global low smoke halogen free flame retardant polypropylene market report based on application, and region:

• Application Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

  • Construction

  • Automotive

  • Electrical & Electronics

  • Industrial

  • Others

• Regional Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

    • Indonesia

    • Vietnam

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait