Low Smoke Halogen Free Flame Retardant Polypropylene (PP) Market Hits $664.0 Million by 2020 :Grand View Research, Inc.

The global low smoke halogen free flame retardant polypropylene (PP) market is expected to reach USD 664.0 million by 2020, according to a new study by Grand View Research, Inc. Growing PP demand across key end-use industries such as construction, automotive and electrical & electronics is expected to remain a key driving factor for the global market. Growing concerns regarding halogen toxicity and fire safety issues coupled with environmental issues is also expected to have a positive impact on the market growth. Favorable regulatory scenario in North America and Europe is also expected to fuel the demand over the forecast period. High loading levels and drawbacks in process ability of halogen free flame is expected to remain a key challenge for market participants.

Construction emerged as the leading application segment and accounted for 37.7% of total market volume in 2013. Increasing infrastructure activities particularly in the emerging BRICS market coupled with growth need for flame retardants based polymers in construction industry is expected to drive this segment over the forecast period. Electrical & electronics market is expected to witness the fastest growth of 8.4% from 2014 to 2020. Growing electronics & electrical industry in China and Taiwan is expected to drive this segment over the forecast period.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/low-smoke-halogen-free-flame-retardant-polypropylene-pp-market

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