Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market Report

Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market Report, By Resin Type (Phenolic, Polyester, Epoxy, Thermoplastic, Vinyl Ester, Others), Application (Building & Construction, Automotive & Transportation, Manufacturing, Energy, Others) and Geography- Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11115 | Publish Date : October 2021 | Industry : Chemicals_Materials | Geography : Global


Fire, smoke, toxicity retardant composite resins are compounds that reduces the spread of fire, smoke, toxic gases or restricts their access into sensitive areas. This group includes physically acting materials as well as chemical agents, e.g. fire-fighting foams, fire-retardant gels, or cooling the fuels. They are known as composite resins because one or more materials are combined together to obtain the desired properties in the end product. These composite resins can be applied as coatings to product. They have become a very acceptable in the fire retardant sector owing to significance of prevention.

Market Dynamic- Global Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market

Major growth factors such as increasing fire safety regulations, growth of end-use industries, increasing use of FST composite resins in aircraft and automotive interiors are accredited to the growth of the market. Fire safety regulations in industries such as manufacturing, automotive, and transportation are becoming stringent across the globe, which directly leading to the development of innovative and advanced fire retardants composite resin. However, volatility in raw material prices and poor flame retardancy of epoxy resin are some of the major restraining factors that could hamper the growth of the market.

COVID 19 Impact on Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market Report 

The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the fire, smoke and toxicity retardant (FST) composite resin market. In addition, complete analysis of changes on fire, smoke and toxicity retardant (FST) composite resin market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the fire, smoke and toxicity retardant (FST) composite resin market was moderate owing to the decline in demand from automotive, building & construction, aerospace & defense, electrical & electronics, and transportation industries.

11115-Fire-smoke-toxicity-retardant-fst-composite-resin-market-report

Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market Segmental Overview

The study analyses global fire, smoke and toxicity retardant (FST) composite resin market based on resin type, application and geography. 

Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market by Resin Type

Various resin types such as phenolic, polyester, epoxy, thermoplastic, vinyl ester and others. Polyester followed by epoxy segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. The growing demand for unsaturated polyester (UP) and epoxy, and increasing regulations for fire safety, have driven the development of high-performance ecofriendly fire, smoke and toxicity-retardant resin types and thereby FST composite resin market.

Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market by Application

Major applications of the fire, smoke and toxicity retardant (FST) composite resin market are building & construction, automotive & transportation, manufacturing, energy and others. Automotive and transportation segment held largest market share of the FST composite resin market. Factors such as rising production and sales of automotive vehicles across the region, the vast presence of numerous global automotive companies, surge in the use of composite resins in automotive interiors such as in heavy trucks, rails, and cars are further boosting the market growth.

Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market by Geography

Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America held the largest market share of global fire, smoke and toxicity retardant (FST) composite resin market and is likely to dominate the market over the estimated time frame. Primary factors behind market growth in NA region are rapid growth in the manufacturing industries, developed environment for research and development and increasing manufacturing output. Increased use of FST composite resin in transport and aerospace sector along with U.S. possessing the largest aircraft manufacturer, the market is foremost in this region.

Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market Key Players

The major key players of market include Ashland Inc (United States), AOC LLC (United States), BASF SE (Germany), BUFA Composite Systems GmbH & Co. KG (Germany), Hexion Inc (United States), Huntsman International (United States), Mäder (Australia), NORD Composites (France), Polynt S.p.A. (Italy), Reichhold LLC (United States), SABIC (Saudi Arabia) and Scott Bader Company Limited (United Kingdom) among others.

Recent Development

September 2020: Scott Bader Co Ltd and Structural Science Composites Ltd have signed a five-year partnership for the supply of a Crestapol urethane acrylate resin for the production of composite covers and frames. This agreement enables Structural Science Composites to grow their business with a long-term consistent supply of high-performance material from Scott Bader

April 2018: Huntsman launched new flame retardant TPU’s at wire 2018 and set new standard for connection protection. The IROGAN FR TPU is a unique family of halogen-free, flame retardant cable jacketing material. IROGRAN FR TPU products are designed for use in transportation, automation, energy and consumer electronics applications, where flame retardancy is essential, and the physical failure of wire and cable jacketing systems is not an option

The study analyses global fire, smoke and toxicity retardant (FST) composite resin market based on resin type, application, and geography. Various resin types such as phenolic, polyester, epoxy, thermoplastic, vinyl ester and others. The polyethylene segment is likely to dominate the market over the forecast period. Increased adoption of polyester resin type owing to its several benefits is attributed to the market growth. Major applications of the fire, smoke and toxicity retardant (FST) composite resin market are building & construction, automotive & transportation, manufacturing, energy and others.  The automotive & transportation segment is likely to register fastest growth in years to come owing to the growing adoption of FST composite resin by automotive manufacturing companies. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.

Why to buy this report:

  • The report offers changing market dynamics in the fire, smoke and toxicity retardant (FST) composite resin market industry, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of the fire, smoke and toxicity retardant (FST) composite resin market
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments and a neutral perspective of the fire, smoke and toxicity retardant (FST) composite resin market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of fire, smoke and toxicity retardant (FST) composite resin market