Research Institute ResearchAndMarkets.com recently released a report on the flame retardant plastics market, saying that by 2024 the global flame retardant plastics market is expected to exceed USD 55 billion, with a compound annual growth rate of approximately 4%.
The report believes that the future of the flame-retardant plastics market is promising and will bring opportunities in electrical and electronics, construction and construction, transportation, wires and cables, pipes and storage tanks, aerospace and defense, and the marine industry.
The main driving force of this market is the strict government regulations on fire safety, the increased consumption of flame retardant plastics in the electrical and electronic markets and the increased demand for halogen-free wire and cable markets.
Analysts predict that due to the increasing demand for polyurethane foam in the construction, construction and transportation industries, polyurethane will remain the largest flame retardant plastic polymer market segment during the forecast period.
At the same time, due to the growing demand for halogen-free and low-smoke wires and cables, polyolefins are expected to achieve the highest growth during the forecast period.
In this market, due to the growing demand for flame retardant plastic insulation materials for power cables such as underground cables, it is expected that flame retardant plastics for wire and cable will achieve the highest growth during the forecast period.
The Asia-Pacific region will remain the largest regional market, and due to the growth of construction and construction activities and the increase in automobile production, it is expected to achieve the highest growth during the forecast period.
What is the difference between ordinary insulated wires and flame-retardant wires?
The difference between ordinary insulated wire and flame-retardant wire is that the flame-retardant wire has passed the flame-retardant test or certification, but the ordinary cable does not. Most ordinary insulated wire and flame-retardant wire have no obvious difference in appearance, but domestic flame-retardant wire ZR is added to the printed content. Foreign standards such as UL have VW-1 or CMP, CMR and other words printed on it according to different flame retardant levels.
Flame-retardant cable refers to a sample that is burned under the specified test conditions. After the test fire source is removed, the flame spread is only within the limited range, and the residual flame or residual flame can extinguish itself in a limited time. The basic feature is: it may be burned out and cannot run in the event of a fire, but it can prevent the fire from spreading. In layman's terms, in the event of a fire in the wire, the combustion can be restricted to a local range, without spreading, and other various equipment can be saved to avoid greater losses.