Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market is anticipated to grow at a CAGR of 4.03% from 2021 to 2027 globally – Axiom MRC

The factors such as increasing the fire safety regulations, growth of the end use industries, increasing use of the FST composite resins in the automotive interiors and in aircraft has been responsible for the growth of the fire, smoke and toxicity retardant (FST) composite resin market during the forecast period. The fire safety regulations in the industries like automotive, manufacturing and transportation have been becoming stringent across the world that is directly leading to the development of the advanced and innovative fire retardant composite resin in the market.

New York, October 2021: Axiom Market Research & Consulting™ added a report on fire, smoke and toxicity retardant (FST) composite resin market which includes study on resin type, application, and geography. The fire, smoke and toxicity retardant (FST) composite resin market was projected to grow at a CAGR of 4.03% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (KT) generated by the fire, smoke and toxicity retardant (FST) composite resin market.

The report analysis fire, smoke and toxicity retardant (FST) composite resin market based on the resin type, application and Geography. By resin type the fire, smoke and toxicity retardant (FST) composite resin market is segmented into phenolic, polyester, epoxy, thermoplastic, vinyl ester, and others. By application the fire, smoke and toxicity retardant (FST) composite resin market is segmented into building & construction, automotive & transportation, manufacturing, energy, and others. Geographically, the fire, smoke and toxicity retardant (FST) composite resin market is studied in the regions including North America, Europe, Asia-Pacific, and Rest of the World.

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The key players in the fire, smoke and toxicity retardant (FST) composite resin market are 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.

Regional Analysis of Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market

Based on the geography, the fire, smoke and toxicity retardant (FST) composite resin market is studied for the regions including North America, Europe, Asia-Pacific, and Rest of the World. The region of North America held the highest market share and is like going to be dominating the fire, smoke and toxicity retardant (FST) composite resin market during the forecast period. The increased use of the FST composite resin in the transport and aerospace sector along with the United States possessing the biggest manufacturer of aircrafts across the region.

Fire, Smoke and Toxicity Retardant (FST) Composite Market Segmentation Highlights

• Polyester followed by epoxy segment has dominated the fire, smoke and toxicity retardant (FST) composite resin market in 2020 and it is also estimated to maintain its dominance during the forecast period. The factors such as increasing demand for the unsaturated polyester (UP) and epoxy, along with the increasing regulations for the fire safety has been responsible for driving the growth of the segment in the market.
• Automotive and Transportation application segment held the highest market share in the fire, smoke and toxicity retardant (FST) composite resin market and is like going to maintain its dominance during the forecast period. The factors driving the growth of the segment in the market are increasing production and sales of the automotive vehicles across the region, vast presence of the numerous global automotive companies, increase in the usage of the composite resins in the automotive interiors like heavy trucks, cars and rails.
• North America held the highest market share in the fire, smoke and toxicity retardant (FST) composite resin market and is likely to dominate the market during the forecast period

Research Objectives of Fire, Smoke and Toxicity Retardant (FST) Composite Resin Market Report:

• Analysing the outlook of the fire, smoke and toxicity retardant (FST) composite resin market with the recent trends and Porter’s five forces analysis
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the fire, smoke and toxicity retardant (FST) composite resin market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players

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