The fire, smoke and toxicity factors of composite materials are becoming major considerations in the design and maintenance of composite structures. A FST composite resin is a material that minimizes the spread of fire, smoke, toxic gases or interrupts their entry into sensitive areas. According to their usage they are made of a variety of materials using different processes. Increasing demand for low cost composite materials with improved fire and structural properties is making more demand for FST composite resin.
Growing adoption of FST composite resin in automotive industry, aircrafts, railways, and many others and increasing and present regulations by the European government to use fire resistance materials concerning safety of passengers is attributed to the growth of the market. For instance, to confirm materials can offer a safe environment, the European directive ‘ECE Regulation No. 118’ is used to govern the fire safety of materials in coaches and intercity all-seater buses.
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 Europe 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.
The study analyses Europe fire, smoke and toxicity retardant (FST) composite resin market based on resin type, application and country.
Various resin types such as phenolic, polyester, epoxy, thermoplastic, vinyl ester and others are analyzed in the Europe fire, smoke and toxicity retardant (FST) composite resin market. Polyester followed by epoxy segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. A rising production of epoxy resin with FST properties and surged use in rail structural applications and to manufacture composite parts that are both extremely strong and lighter than steel is impelling 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. Automotive and transportation segment followed by building and construction held largest market share of the FST composite resin market. A surge in the use of FST composite resins in applications such as aircraft interior parts cargo areas, seat interiors, lavatories, and galleys and marine, rail and architectural interiors is accredited to the market growth.
Country wise, the study is comprised of the key countries such as Germany, the United Kingdom, France, Italy, Spain and Rest of Europe. Germany held the largest market share of Europe fire, smoke and toxicity retardant (FST) composite resin market and is likely to dominate the market over the estimated time frame. The vast existence of numerous automotive manufacturing companies across the country, increasing production and sales of automotive vehicles and growing adoption of several vehicle safety and security solutions is expanding the market growth in the region.
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.
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 Europe fire, smoke and toxicity retardant (FST) composite resin market based on resin type, application, and country. Various resin types such as phenolic, polyester, epoxy, thermoplastic, vinyl ester and others are analyzed in the market. The polyester resin 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. Country wise, the study is comprised of the key countries such as Germany, the United Kingdom, France, Italy, Spain and Rest of Europe.