What is Global FRABS Market?
The Global FRABS Market is a specialized sector that focuses on the production and distribution of Flame Retardant Acrylonitrile Butadiene Styrene (FRABS). This is a type of thermoplastic that is resistant to fire, making it a crucial component in various industries. The market is vast and complex, with numerous players and factors influencing its growth and development. The FRABS market is not just about the production of this unique material, but also about its application in various industries, its distribution channels, and the technological advancements that are constantly shaping it. The market is also influenced by various external factors such as economic conditions, regulatory policies, and consumer trends. Despite these complexities, the FRABS market is a vital part of the global economy, contributing significantly to industrial growth and technological advancement.
Non-halogen Type, Halogen Type in the Global FRABS Market:
The Global FRABS Market is divided into two main types based on the kind of flame retardant used: Non-halogen Type and Halogen Type. The Non-halogen Type FRABS is made using flame retardants that do not contain halogens. These are typically more environmentally friendly and less toxic than their halogen counterparts. However, they may not be as effective in preventing fire. On the other hand, the Halogen Type FRABS uses flame retardants that contain halogens. These are highly effective in preventing fire, but they can be harmful to the environment and human health if not handled properly. Despite these differences, both types of FRABS play a crucial role in the market, catering to different needs and preferences of the consumers.
Appliance, OA Machine, Automotive, Industrial in the Global FRABS Market:
The Global FRABS Market finds its application in various areas such as Appliance, OA Machine, Automotive, and Industrial. In the Appliance sector, FRABS is used in the production of various household appliances like refrigerators, washing machines, and air conditioners. In the OA Machine sector, it is used in office equipment like printers, copiers, and fax machines. In the Automotive sector, FRABS is used in the production of various car parts, while in the Industrial sector, it is used in various machinery and equipment. Each of these sectors has its own unique requirements and preferences, making the FRABS market a diverse and dynamic one.
Global FRABS Market Outlook:
The Global FRABS Market is a thriving sector with a promising future. As of 2022, the market was valued at US$ 6812 million and is expected to grow to US$ 8811.3 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period of 2023-2029. The market is dominated by four major manufacturers who collectively hold a share of over 40%. In terms of product, the Halogen Type FRABS is the most popular, accounting for about 90% of the market share. This dominance is a testament to the effectiveness and reliability of Halogen Type FRABS, despite the environmental concerns associated with it.
| Report Metric | Details |
| Report Name | FRABS Market |
| Accounted market size in 2022 | US$ 6812 in million |
| Forecasted market size in 2029 | US$ 8811.3 million |
| CAGR | 3.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Chi Mei, LG Chem, SABIC, Lotte Advanced Materials, KKPC, Formosa Plastics, Grand Pacific Chemical, Techno-UMG, Toray, CNPC |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
