Global Melamine Polyphosphate Market By Type (Experimental Grade, and Industrial Grade), By Application (Synthetic Resin, and Thermoplastic Elastomer), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2029

Market.us announces the publication of its most recently generated research report titled, “Global Melamine Polyphosphate Market by Application (Synthetic Resins, Thermoplastic Elastomers, and Other Applications), By End-Use (Construction, Electronics Appliances, Wires and Cables, Automotive, and Other End-Use), and by Region – Global Forecast to 2029”,  which offers a holistic view of the global melamine polyphosphate market through systematic segmentation that covers every aspect of the target market.

The global melamine polyphosphate market is projected to be US$ 291.8 Mn in 2019 to reach US$ 478.3 Mn by 2029 at a CAGR of 5.1%.

Melamine polyphosphate (MPP) is a halogen-free white powder and has very high thermal stability. It is specially used for glass-fiber reinforced nylon, thermoplastics, thermosets, rubber, fiber, and coatings. MPP is applied as a reactive and additive flame retardant for thermally resistant polyurethane foams. The addition of powdered MPP into the foaming mixture results in a decrease of flammability modified polyurethane foams. The modified polyurethane foams are thermally resistant and could withstand thermal exposure even at 200 °C. According to US EPA, Melamine and phosphate are the expected breakdown products of melamine phosphate in the environment. When there is no melamine phosphate database, the chemical screen, such as human health, ecotoxicity, and environmental fate, primarily uses toxicity data on melamine. The phosphate ion is also evaluated in terms of ecological parameters but is not included in the human health analysis because it is not expected to pose a risk to humans.

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Increasing demand for melamine polyphosphate in flame retardants owing to its unique characteristics is a significant factor driving the growth of the global melamine polyphosphate market. Also, melamine polyphosphate is widely used in glass fiber reinforced polyamide 6 and 66 due to its heat stability and corrosion-resistant properties. This is expected to drive growth of the global melamine polyphosphate market significantly over the forecast period. However, stringent rules and regulations insisting on adoption and usage of flame retardants are a key factor expected to hamper growth of the global melamine polyphosphate market to a certain extent. Increasing R&D activities in the chemical sector for the development of advanced products is anticipated to create lucrative opportunities for market growth over the forecast period.

Global Melamine Polyphosphate Market Revenue (US$ Mn), 2019–2029 

Increasing demand for melamine polyphosphate in flame-retardant synthetic resin is a significant factor driving the growth of the target market. The utilization of flame retardants in materials and development of products used in the construction of buildings is increasing. Furthermore, rising demand for melamine polyphosphate, especially in glass fiber reinforced polyamide 6 and 66 owing to its strength, stiffness, heat distortion temperatures, abrasion resistance, and others, is a factor proliferating the growth of the target market. It is widely used for engineering components, including automobile parts and others. Moreover, increasing demand for melamine polyphosphate in various end-use industries such as electronics, construction, automotive, aerospace, and others owing to its unique properties has a positive impact on the target market.

However, stringent rules and regulations implemented by the government of various countries to ban adoption and usage of flame retardants could challenge the growth of the market to a certain extent. Europe banned exports of flame retardants under Pic amendments to control the trade of hazardous chemicals.

Nonetheless, increasing innovations of non-toxic and eco-friendly flame retardants for foams that are used in upholstery and mattresses with less chlorine contamination is another factor creating new opportunities for market players present in the target market. Moreover, an approach to track the untapped market by prominent manufacturers is anticipated to offer lucrative opportunities for market growth.

The global melamine polyphosphate market is segmented based on application, end-use, and region. Based on the applications, the market is segmented into synthetic resins, thermoplastic elastomers, and other applications. The thermoplastic elastomers segment accounts for the majority share, followed by synthetic resins. However, the synthetic resins segment is anticipated to register the highest growth over the forecast period. Based on end-use, the market is segmented into construction, electronics appliances, wires and cables, automotive, and other end-use. The construction segment accounts for majority share in the global melamine polyphosphate market.

Global Melamine Polyphosphate Market Attractiveness Analysis by Application, 2013–2019

Based on the region, the market is segmented into North America, Europe, APAC, South America, and MEA. The Asia Pacific owns the majority share in the global melamine polyphosphate market, followed by Europe, owing to the robust industrialization in these regions.

The research report on the global melamine polyphosphate market includes profiles of some of the major companies such Shouguang Weidong Chemical Co. Ltd., JLS Chemical, Suli Co., Ltd., Sichuan Institute of Fine Chemical Industry Research and Design, Go Yen Chemical Industrial Co Ltd, Novista, Puyang Chengke Chemical Science and Technology Co., Ltd., Shandong Shian Chemical Co., Ltd., Zhenjiang Sanwa Flame Retardant Technology, and others.

Key Market Segments

Type

• Particle size: >15 m
• Particle size: 5-15 m
• Particle size: < 5 m

Application

• Plastic
• Rubber
• Fireproof Material (fireproof coating, fireproof paper, fireproof wood, etc.)
• Polyolefin
• Other

Key Market Players included in the report:

• Shouguang Weidong Chemical Co. Ltd.
• JLS Chemical
• Suli Co. Ltd.
• Sichuan Institute of Fine Chemical Industry Research and Design
• Go Yen Chemical Industrial Co Ltd
• Novista
• Puyang Chengke Chemical Science and Technology Co. Ltd.
• Shandong Shian Chemical Co. Ltd.
• Zhenjiang Sanwa Flame Retardant Technology

For the Melamine Polyphosphate Market research study, the following years have been considered to estimate the market size: