Halogen-Free Flame Retardant BOPET Films Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Halogen-Free Flame Retardant BOPET Films Market is Segmented By Type (Aluminum Hydroxide, Organophosphorus), By Application (Electrical insulation, Transportation, Building and Construction, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

The Global Halogen-Free Flame Retardant BOPET Films Market size was worth US$ 9.17 million in 2023 and is estimated to reach US$ 16.46 million by 2031, growing at a CAGR of 7.59% during the forecast period (2024-2031). 

A flame retardant (FR) is an ingredient applied to plastic to improve the material's capacity to contain and stop the spread of flames. During the production of plastic products, flame retardant chemicals are applied. The majority of plastic flame retardants are halogen-based. Everyone is familiar with chemical elements chlorine, bromine and iodine, which are all part of the halogen family. 

Although halogenated flame retardants are very effective, it has been established that halogen-free flame retardants are safer for both people and the environment. As a result, numerous international rules that specifically mandate halogen-free flame retardants in items made of plastic have been implemented in many industries. Polyester (BOPET) is a high-performance, crystal clear thermoplastic produced from ethylene glycol and dimethyl terephthalate (DMT).

BOPET film provides better tensile strength, excellent dimensional stability, reduced moisture absorption and outstanding physical property retention across a wide temperature range compared to conventional plastic films. It also offers great UV resistance, outstanding optical clarity, high gloss and good gas barrier qualities but moderate moisture barrier properties. It's a good choice for high-performance plastic films and sheets and ideal for quality printing and laminating.

Market Scope

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Market Dynamics

End-use sectors such as electrical insulation, transportation and building & construction are driving demand for halogen-free flame retardant BOPET films. Stringent regulatory laws against the toxicity of halogenated flame retardants and tight fire-safety criteria are credited with its expansion. 

Rising stringent government rules against the toxicity of halogenated flame retardants

When exposed to fire, halogenated flame retardants and synergists are hazardous and emit damaging vapors and fumes. These fire retardants go straight to the heart of the fire. Furthermore, these halogenated flame retardants and certain of their derivatives bio-accumulate in plants, water sources and living beings, harm the environment. When halogenated flame retardants are burnt in a fire, they generate corrosive and toxic fumes, posing a concern to the environment since they bio-accumulate in plants, water sources and living beings. 

Due to the rising environmental concerns, governments in several nations have imposed severe limits on the use of halogenated flame retardants and halogenated compounds have been limited in European countries due to their high toxicity. Flame retardants are widely used in electronics, construction, transportation and textiles, prompting producers to develop halogen-free versions to safeguard the environment from harmful chemicals and gases. As a result of the government's rigorous rules, the global market is predicted to grow.

Development of more synergist compounds

Compounds including aluminum/magnesium hydroxides, phosphorus and zinc are added to polymer blends to improve flame retardant efficacy. The combined action of such blends in a polymer matrix is more efficient than the individual effects of the chemicals.

Synergist blends reduce the number of halogenated flame retardants in BOPET films by a percentage of weight, lowering toxicity and improving retardant characteristics. Flame retardants are employed as additives/reactive agents in submicron particles to preserve the original qualities of polymeric materials, allowing manufacturers to obtain a competitive advantage over one another.

High loading levels

The high loading levels in its mineral-based flame retardants are one of the primary stumbling blocks for halogen-free flame retardant BOPET films. Their initial loadings as fillers in the polymer matrix are kept high to achieve flame retardant qualities. Excessive loading raises the density of the finished product and lowers its mechanical qualities (thermal stability). Large amounts of fillers to polymers alter their chemical and rheological properties.

Market Segment Analysis

By application, the halogen-free flame retardant BOPET films market is segmented into electrical insulation, transportation, building & construction and others.

Rising demand for high-quality electronics to drive electrical insulation growth

During the forecast period, the electrical insulation segment held the highest share of the global halogen-free flame retardant BOPET films market. The market will be driven by high wire and cable manufacturing and rising demand for high-quality consumer gadgets.

Motor windings, transformers, television screen films, battery labels, flexible printed circuits, wires & cables (secondary insulation) and semiconductors use halogen-free flame retardant BOPET films for insulation. Furthermore, halogen-free flame retardant BOPET coatings are utilized to match the required level of fire resistance under fire safety regulations.

Market Geographical Analysis

Developing countries and rising disposable income in Asia-Pacific

Asia-Pacific is expected to be the largest market for halogen-free flame retardant BOPET films during the projection period, with the greatest CAGR. Asia-Pacific has become an interesting market for halogen-free flame retardant BOPET films due to rapid economic expansion and rising disposable incomes in emerging countries. The region's large usage of halogen-free flame retardant BOPET films is mostly due to the region's great expansion in industrial production, increasing commerce and the implementation of stringent laws. 

The largest markets for halogen-free flame retardant BOPET films in China, Japan, South Korea and India. Government rules are being established in Asia-Pacific countries governing these films, which will boost the market during the forecast period. The electrical & electronics industry and the increasing economy are driving the market in this region.

Market Competitive Landscape 

Major global halogen-free flame retardant BOPET films market companies include Toray Industries Inc, Mitsubishi Chemical Holdings Corporation, DuPont Teijin Films, Shanghai Huzheng Industrial Co., Ltd., Mainyang Prochema Commercial Co. Ltd., Teraoka Seisakusho Co. Ltd., Ashland Inc, Covestro AG, Rogers Corporation and Sumitomo Chemical.

COVID-19 Impact Analysis

The worldwide epidemic has impacted almost every sector of the global economy. Because of the worldwide supply chain disruption, the market for halogen-free flame retardant BOPET films was also impacted. The rise of the electronics, building & construction and transportation industries is critical to the market's success.

China is the world's largest market for electronics and building and construction. A strict lockdown during COVID-19 has hampered China's construction efforts in the country's major provinces. Construction equipment demand fell sharply. 

During the first half of 2020, COVID-19 caused significant electronics production and demand disruptions. The pandemic has harmed the electrical supply chain, which is extensively linked worldwide. The electronics industry is an important element of the export sector for several East Asian countries, such as China, Vietnam, Taiwan, South Korea, Singapore, Malaysia, Thailand and the Philippines.

Russia-Ukraine War Impact

The Russia-Ukraine war has had a huge impact on the global supply chain, affecting several industries, including the Halogen-Free Flame Retardant BOPET (Biaxially Oriented Polyethylene Terephthalate) Films market. Disruptions in the availability of raw materials from the region, particularly oil and gas derivatives required for BOPET film manufacturing, have resulted in higher production costs and supply constraints. 

Furthermore, geopolitical instability has resulted in shifting prices, making it difficult for producers to maintain consistent production while meeting increased demand for these environmentally beneficial flame retardants. The sanctions imposed on Russia have stretched the market by restricting trade and financial operations, hurting global distribution networks. 

Companies have had to look into alternate suppliers and adjust to new transportation routes, which has hampered overall market growth. Despite these problems, demand for Halogen-Free Flame Retardant BOPET Films is increasing due to their safety and environmental benefits, leading producers to innovate and diversify their supply chains to reduce the impact of the ongoing battle.

By Type 

• Aluminium Hydroxide
• Organophosphorous

By Application

• Electrical insulation
• Transportation
• Building and Construction
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In December 2022, Toray Industries, Inc. stated that it has created a polyethylene terephthalate (PET) film with high application and adherence for water-based, solvent-free coatings while also eliminating solvent-derived carbon dioxide emissions.
• In March 2022, Toray Industries, Inc. created a stretchy film with remarkable resistance value stability. The film is extremely bendable. It regains its shape between -68°F and 176°F. It maintains heat resistance even after treatment at 392°F.

Why Purchase the Report?

• Visualize the composition of the halogen-free flame retardant BOPET films market segmentation by type, application and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the halogen-free flame retardant BOPET films market by analyzing trends and co-development deals. 
• Excel data sheet with thousands of halogen-free flame retardant BOPET films market-level 4/5 segmentation points.
• Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study. 
• Product mapping in excel for the key product of all major market players

The global halogen-free flame retardant BOPET films market report would provide access to an approx. 53 market data tables, 42 figures and 206 pages. 

Target Audience 2024

• Halogen-Free Flame Retardant BOPET Films Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Halogen-Free Flame Retardant BOPET Films Manufacturers