Flame Retardant Resin in E&E Composite Market is Expected to Grow at a CAGR of 6.1% by 2022-2035

NEW YORK - Feb. 24, 2022 - PRLog -- According to ChemAnalyst report, "Flame Retardant Resin E&E composite Market Analysis: Plant Capacity, Production, Operating Efficiency, Types, Demand & Supply, Sales Channel, Regional Demand, 2015-2035". Flame retardant resin market witnessed a demand of around 1.76 million tons globally from Electronic and Electronics (E&E) industry in 2021 and is anticipated to grow at a significant rate with a healthy CAGR of 6.1 % until 2035 owing to its surging demand for the manufacturing of electronics and electrical devices.

Flame Retardant Resins are the material which are used to prevent the spread or growth of fire. These substances are activated by the presence of an ignition sources and are used to control the spread of ignition and fire.

Based on the types of Flame retardant resin the market is segmented into Epoxy, Phenolic and Unsaturated polyester resin and others.  Epoxy Resin is the dominant resin owing to its significant role in electronic and electrical industry as a flame retardant. Epoxy resin is used in manufacturing Printed circuit boards (PCBs) which are the foundational building block of most of the modern electronic devices such as computers, servers, and communication devices. PCBs is a base on which all the other electronic components are assembled. Phenolic Resin also known as Phenolic formaldehyde resin is a synthetic resin manufactured from the polymerization of phenol and formaldehyde. Phenolic Resins are well known for its excellent flame retardance, good heat resistance and low smoke evolution on burning. Unsaturated Polyester Resin (UPR), is synthesized via condensation of glycols with unsaturated dibasic acid or their anhydrides

Flame retardant resin is used in Electronic & Electrical industry. In electrical industry, Flame Retardant Resins are used in application such as PCB Laminates, Enclosures, Electrical components, and others. The rising demand in consumer electronics and communication application such as use of 5G technology globally is anticipated to push the demand of flame retardant resin in the coming years.

Read Full Report Here: https://www.chemanalyst.com/industry-report/flame-retardant-resin-in-ee-composite-market-677

Major players for Flame Retardant Resin globally are Shengquan Group, Jiangsu Sanmu Group, Nan Ya Plastics Co Ltd, Huntsman Corporation, Hexion Inc., The Dow Chemical Company, Nantong Tianhe Resin Co., Ltd, Newsolar Technology Group, Polynt-Reichhold group and others.