Flame Retardant Resin in the Transportation Composites Market is expected to reach $0.3 billion by 2026- An exclusive market research report by Lucintel
Lucintel's latest market report analyzed thatflame retardant resin in the transportation composites provides attractive opportunities in the automotive and mass transit, applications. The flame retardant resin in the transportation composites market is expected to reach $0.3 billion by 2026 with a CAGR of 4.8%. In this market, polyester is the largest segment by resin, whereas automotive is largest by application. Growing usage of halogen-free FR composite material with fire-retardancy properties, and emergence of bio base FR prepregs provides strategic growth path in this market.
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Based on resin, the flame retardant resin in the transportation composites market is segmented into epoxy, phenolic, polyester, vinyl ester and others. The polyester segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to high fire resistance property then other resin.
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The Flame Retardant Resin in the Transportation Composites Market is marked by the presence of several big and small players. Some of the prominent players offering flame retardant resin in the transportation composites include Polynt-Reichhold, AOC Aliancys, INEOS, Hexion, and Sumitomo.
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