current COVID-19 pandemic is expected to have an effect on the growth of the
Flame Retardant Plastics industry majorly attributable to the movement restrictions and impact on
the supply and demand due to the lockdowns. The COVID-19 pandemic has affected
several sectors of the global market, and the Flame Retardant Plastics sector is expected to feel
the impact of the pandemic. The economic slowdown and dynamic changes in the
demands will further affect the growth of the industry. The report covers the
impact analysis of the COVID-19 pandemic on the overall Flame Retardant Plastics industry.
The global flame retardant plastics market is projected to be worth USD 61.87 Billion by 2027, according to a current analysis by Emergen Research. The flame retardant plastics market is observing high demand attributed to the growing demand from the aerospace and defense sector. A rise in the number of flying hours necessitates the implementation of enhanced safety measurements for on-flight passengers, crew, and valuables. Fire hazards in an aircraft are a leading cause of aircraft accidents and maybe averted by deploying an appropriate flame retardant plastic in the design and manufacturing of an aircraft and interior furnishing. Besides, the use of flame retardant plastic makes the aircraft lightweight and decreases fuel consumption, thereby improving the mileage.
At Emergen Research, we believe in advancing with technology.
We are a growing market research and strategy consulting company with an
exhaustive knowledge base of cutting-edge and potentially market-disrupting
technologies that are predicted to become more prevalent in the coming decade.
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