The global melamine pyrophosphate market is anticipated to grow at a compound annual growth rate (CAGR) of 6% from its estimated valuation of USD 324.65 million in 2023 to USD 580 million by 2033. The increasing need for flame retardant additives across multiple industries, including home furnishings, automotive, aerospace, and textiles, is driving the market’s vibrant opportunities. The market is expanding in part because melamine polyphosphate is used in the electronics and semiconductor industries to lessen the flammability of combustible semiconductors.
Stringent government regulations that restrict the use of toxic halogenated flame retardants and increased awareness of fire safety, especially among construction professionals, are significant factors propelling industry growth. Moreover, the increased adoption of non-halogenated flame retardants in applications like packaging and textiles, along with proactive efforts from end-users to prevent fire accidents, are expected to further boost the overall market growth.
Request Your Sample Report and Supercharge Your Business Strategy! https://www.futuremarketinsights.com/reports/sample/rep-gb-748
Melamine polyphosphate finds extensive applications in various products, including smartphones, laptops, refrigerators, TV sets, printed circuit boards, and vacuum cleaners. The global electrical and electronics industry is witnessing growth due to increasing per capita disposable incomes in emerging economies, which is expected to drive the demand for melamine polyphosphate in the foreseeable future.
The construction industry’s rapid technological advancements, especially in the use of flame-retardant perforated materials like structural and plastic insulation, are projected to fuel the demand for melamine polyphosphate in flame-retarding construction-grade polyurethane foams. The global construction industry has been benefiting from rapid urbanization and government investments in affordable housing in several developing economies. Consequently, the construction industry’s growth is anticipated to drive the overall demand for melamine polyphosphate in the forecast period.
Key Takeaways from the Market Study
- The market in Europe is expected to grow with a CAGR of 5.8% during the forecast period.
- The demand for melamine pyrophosphate in Asia Pacific is expected to grow with a significant CAGR of 6.1% during the forecast period.
- By type, Industrial grade segment is expected to grow with a CAGR of 7.9% during the forecast period.
- By end-use industry, textile industry is expected to generate demand with a CAGR of 7.5% during the forecast period.
“The rising adoption of non-halogenated flame retardants in applications like packaging and textiles is expected to drive the demand for melamine pyrophosphates during the forecast period,” comments an FMI analyst.
Get in Touch with Our Sales Team to Secure Your Copy of the Report Now! https://www.futuremarketinsights.com/checkout/748
Competitive Landscape
The market for melamine pyrophosphate is highly competitive, with various prominent industry players making substantial investments in increasing their manufacturing capabilities.
The key industry players are Sichuan Institute of Fine Chemical Industry Research and Design, Cnsolver Technology, JLS Chemical, Zhenjiang Sanwa Flame Retardant Technology, Puyang Chengke Chemical, Shouguang Weidong Chemical, Tianyi, Shian Chemical, Century Multech Inc., Zhenjiang Xingxing Flame Retardants.
Some recent developments in the melamine pyrophosphate market are:
- In September 2022, Eurotecnica secured two major contracts for the construction of high-pressure melamine plants. These contracts involve plants with capacities of 60,000 tons and 80,000 tons per year, respectively.
- In 2020, Sichuan Chemical Holdings Co., Ltd. revealed its investment plans for a new melamine production facility in China. The plant, with a capacity of 50,000 tons per year, was intended to cater to the increasing demand for melamine in China’s construction and furniture sectors.
Discover Valuable Information – Request Brochure: https://www.futuremarketinsights.com/reports/brochure/rep-gb-748
Key Segments Profiled in the Melamine Pyrophosphate Industry Survey
By Type:
- Experimental Grade
- Industrial Grade
- Commercial Grade
By Application:
- Synthetic Resins
- Thermoplastic Elastomers
- Others
By End Use Industry:
- Synthetic Resins
- Automotive
- Textile
- Aerospace & Defense
- Packaging
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube