Global EV Flame - Retardant Material Market 2024-2030

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    2024 Update Coming Soon, Published Date: Nov 2023 Pages: 103

    EV FLAME – RETARDANT MATERIAL MARKET

     

    KEY FINDINGS

    • The demand for EVs is increasing globally due to factors such as rising fuel prices, growing awareness of environmental concerns, and government incentives. This is leading to an increase in the demand for EV flame-retardant materials.
    • There is a growing concern about the safety of EVs, especially in terms of fire hazards. This is due to the fact that EV batteries are highly flammable. EV flame-retardant materials can help to improve the safety of EVs by reducing the risk of fires.
    • Many governments are implementing stringent regulations on the safety of EVs, including requirements for the use of EV flame-retardant materials. This is expected to drive the growth of the EV flame-retardant material market.
    • There have been significant technological advancements in the development of EV flame-retardant materials in recent years. These advancements have led to the development of new EV flame-retardant materials that are more effective and efficient.
    • Asia Pacific is expected to be the largest market for EV flame-retardant materials during the forecast period. This is due to the increasing demand for EVs in countries such as China, India, and Japan. 
    • The European region is expected to be the second-largest market for EV flame-retardant materials during the forecast period. This is due to the presence of a large number of EV manufacturers in the region and the stringent government regulations on EV safety.
    • EV flame-retardant material manufacturers are constantly developing new and innovative products to meet the changing needs of the EV industry. For example, some manufacturers are developing EV flame-retardant materials that are made from sustainable materials or that are more effective at preventing fires.
    • Governments around the world are providing support to the EV industry in the form of subsidies and tax breaks. This is expected to further boost the demand for EV flame-retardant materials in the coming years.

     

    EV FLAME – RETARDANT MATERIAL MARKET OVERVIEW

    The increasing global shift toward electric vehicles, driven by environmental concerns and government initiatives, is a primary factor boosting the demand for flame-retardant materials in EVs.

     

    With safety regulations becoming more stringent globally, the automotive industry, including electric vehicles, is witnessing a growing emphasis on fire safety standards. This drives the need for flame-retardant materials to enhance overall vehicle safety.

     

    The market includes various flame-retardant materials, such as polymers, fabrics, coatings, and insulation materials, designed to meet the specific safety requirements of electric vehicles.

     

    The cost of flame-retardant materials remains a challenge for manufacturers, impacting the overall cost structure of electric vehicles. Balancing safety standards with cost-effectiveness is a key consideration for industry players.

     

    Flame-retardant materials play a crucial role in the design of battery packs for electric vehicles. They are used in cell encapsulation and pack design to mitigate the risk of thermal runaway and fire propagation in the event of a malfunction.

     

    Ongoing research involves the exploration of nanomaterials and advanced coatings to enhance flame resistance without compromising other material properties. These innovations aim to address both safety and weight considerations in electric vehicles.

     

    INTRODUCTION TO EV FLAME – RETARDANT MATERIAL MARKET

    The powder coating of an electric vehicle (EV) battery is particularly prepared for applications requiring electrical insulation and possesses dielectric insulator qualities.

     

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    Chemicals known as flame retardants are added to materials to stop or delay the spread of fire. They are employed in a variety of commercial and consumer goods to lessen the ignitability of materials. 

     

    EV FLAME – RETARDANT MATERIAL MARKET SIZE AND FORECAST

     

    The global EV flame–retardant material market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

     

    TRENDS IN EV FLAME – RETARDANT MATERIAL MARKET

     

    Increasing demand for environmentally friendly flame retardants:

    Environmental concerns: Traditional flame retardants, such as polybrominated diphenyl ethers (PBDEs), have been linked to a number of environmental and health problems. PBDEs are persistent in the environment and can bioaccumulate in organisms, leading to adverse health effects.

    Consumer demand: Consumers are increasingly demanding products that are made with environmentally friendly materials. This is driving demand for flame retardants that are biodegradable and less toxic than traditional flame retardants.

     

    Development of multifunctional flame retardants:

    Multifunctional flame retardants are being developed to provide additional benefits beyond fire retardancy. These additional benefits can include:

    Thermal management: Multifunctional flame retardants can help to manage the heat generated by lithium-ion batteries, which can help to prevent overheating and thermal runaway.

     

    Growing adoption of inorganic flame retardants:

    Inorganic flame retardants are being increasingly adopted due to their several advantages over traditional flame retardants:

    Stability: Inorganic flame retardants are stable and are not prone to decomposition, which can make them more effective in preventing fires.

    Compatibility: Inorganic flame retardants are compatible with a wide variety of battery chemistries, which makes them more versatile than traditional flame retardants.

     

    Stringent regulations and standardization efforts:

    Regulatory bodies are implementing stricter safety standards for lithium-ion batteries due to the potential for fires and explosions. These safety standards are designed to reduce the risk of these incidents and to protect consumers and the environment.

    Harmonization of safety standards: Regulatory bodies are also working to harmonize safety standards across different regions. This will make it easier for battery manufacturers to comply with safety regulations and will help to ensure that lithium-ion batteries are safe regardless of where they are manufactured or sold.

     

    NEW PRODUCT LAUNCH

     

    ALPHAGUARD FR-200 is a high-performance inorganic flame retardant based on aluminum hydroxide. It was launched in 2023 and is known for its enhanced compatibility with cathode chemistries, which are the materials used in the positive electrodes of lithium-ion batteries.

     

    This enhanced compatibility makes ALPHAGUARD FR-200 a good choice for use in high-energy-density lithium-ion batteries, which are increasingly being used in electric vehicles and other applications.

     

    Emerald FR-X 6000 is a nitrogen-based flame retardant that was launched in 2023. It is known for its enhanced thermal stability, which is important for preventing overheating and thermal runaway, which can lead to fires in lithium-ion batteries. Emerald FR-X 6000 is also effective at fire retardancy and is compatible with a wide range of lithium-ion battery chemistries.

     

    A new flame-retardant engineering plastic for electromobility applications. It ensures exceptional color stability and heat-aging resistance, making it suitable for high-voltage components where color coding is safety-critical.

     

    This product also offers high electrical insulation and eliminates halide-containing flame retardants to counteract electro corrosion. It meets stringent eMobility requirements with low halide content and fire protection class UL94 V0 at 0.4mm.

     

    Celesta BFR 300 is a phosphorus-based flame retardant that was launched in 2023. It is known for its improved environmental friendliness, which is an important consideration for manufacturers of lithium-ion batteries. Celesta BFR 300 is also effective at fire retardancy and thermal stability, which are two essential properties for lithium-ion battery flame retardants.

     

    Advanced Plastic Product Created by LG Chem to Stop Thermal Runaway in EV Batteries. The world’s longest fire-resistance performance was delivered by a novel plastic product created by LG Chem specifically for battery applications that can stop the spread of flame in batteries.

     

    Thanks to the company’s unique technology and production techniques, LG Chem’s flame-retardant engineering plastic product can stop the spread of fires. A highly functional engineering plastic product composed from different composites, including polyphenylene oxide (PPO) and polyamide (PA) resin, makes up the new advanced flame barrier product developed by LG Chem.

     

    The new product’s excellent qualities allow it to withstand flames for a longer period of time when utilized in battery components. Additionally, it has exceptional dimensional stability and keeps its shape under a variety of temperature situations.

     

    During LG Chem’s testing, the substance was able to stop fires from spreading for more than ten minutes at 1,000°C, which is ten times longer than with regular plastics.

     

    The most common reason for EV battery fires is thermal runaway, when a variety of stresses can cause heat to accumulate inside a battery cell. Fire can start when a battery cell gets too hot because of a short circuit brought on by things like overcharging and over discharging.

     

    Because lithium reacts violently, the resulting fire is challenging to put out. Drivers and passengers would benefit from the use of LG Chem’s new engineering plastic product on battery components since it would give them more time to leave a moving vehicle in the event of a broken and hot battery.

     

    A Texas-based chemical manufacturing business called Ascend Performance Compounds has created two new materials that it claims might help make electric vehicles safer and quieter.

     

    The two new materials are the silent Starflam X-Protect and Vydyne AVS, both of which have trademarks. Each resource addresses a particular issue that Ascend calls “unique difficulties” for EV platform development by EV manufacturers.

     

    Industry-leading flame-retardant material Starflam X-Protect can resist a direct flame of 1,100°C for 15 minutes. This is higher than the standards for aluminium and other flame-retardant materials.

     

    In order to reduce high-frequency vibrations from noise sources like motors and compressors, the second material, Vydyne AVS, has been specially designed.

     

    Trelleborg’s applied technologies division has developed a fire-resistant, ultra-lightweight polymer for use in areas with higher fire risks, such as protecting EV batteries.

     

    The second material in the company’s Soteria line of protection materials is Soteria FRV. Soteria FRV, which weighs only 1.2 kg/m2 and is incredibly flexible, can be draped or wrapped around challenging profiles as well as moulded to accommodate regions of any size.

     

    It creates lightweight protection for EV battery boxes and enclosures when coupled with Soteria FR1500 panels. It can also be used independently in applications with higher fire risks.

     

    According to Trelleborg, Soteria FRV is flame-resistant to 1100°C for up to 90 minutes without burn through or expansion during a fire. Once it is placed, it no longer needs to be maintained, and transporting it is simple.

     

    EV FLAME – RETARDANT MATERIAL MARKET SEGMENTATION

     

    By Geography

    • US
    • Europe
    • China
    • Asia Ex China
    • ROW

     

    By Application Type

    • Electric Vehicles
    • Consumer Electronics
    • Grid Energy Storage
    • Others

     

    By Component Type

    • Separator
    • Electrolyte
    • Others

     

    COMPANY PROFILE

    • Albemarle Corporation
    • BASF SE
    • Dow Inc.
    • DuPont de Nemours, Inc.
    • Lanxess AG
    • Huntsman Corporation
    • Clariant AG
    • Evonik Industries AG
    • ICL Group Ltd.
    • Kemira Oyj
    • Ferro Corp.
    • Eastman Chemical Company

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per global EV flame – retardant material market right now and how will it change in the next 5-6 years?
    2. Where is the global EV flame – retardant material market manufactured? What is the average margin per equipment?
    3. Market share of global EV flame – retardant material market manufacturers and their upcoming products
    4. The most important planned global EV flame – retardant material market in next 2 years
    5. Cost advantage for OEMs who manufacture global EV flame – retardant material market in-house
    6. 5 key predictions for next 5 years in global EV flame – retardant material market
    7. Average B-2-B global EV flame – retardant material market price in all segments
    8. Latest trends in global EV flame – retardant material market, by every market segment
    9. The market size (both volume and value) of global EV flame – retardant material market in 2024-2030 and every year in between?
    10. Global production breakup of global EV flame – retardant material market, by suppliers and their OEM relationship?
    11. What are the key drivers behind the increasing demand for flame-retardant materials in the global electric vehicle (EV) market?
    12. How do flame-retardant materials play a role in preventing thermal runaway events in EV batteries, and what recent innovations have been introduced in this regard?
    13. What role do regulations and safety standards play in shaping the market for flame-retardant materials in the EV industry?
    14. How are advancements in nanotechnology and coatings influencing the development of flame-retardant materials for electric vehicles?
    15. What challenges do manufacturers face in terms of cost and production techniques when producing flame-retardant materials for electric vehicles?
    16. How do flame-retardant materials contribute to the overall safety of electric vehicles, particularly in scenarios like thermal runaway or high-temperature situations?
    17. What role do flame-retardant materials play in the thermal management of electric vehicles, and how do they contribute to heat dissipation in various components?
    18. How are flame-retardant materials integrated into the structural design of electric vehicles, and what impact do they have on the weight and overall performance of the vehicle?
    19. How are flame-retardant materials being tested and certified to meet international safety standards, and what are the key criteria for evaluating their effectiveness?
    Sl no Topic
    1 Market Segmentation
    2 Research Methodology
    3 Executive summary
    4 Avg B2B Price Of EV Flame Retardant Material, By Region
    5 Key Predictions For Global EV Flame Retardant Material Market
    6 Major Drivers For EV Flame Retardant Material Market
    7 Global EV Flame Retardant Material Production Footprint
    8 Challenges In EV Flame Retardant Material Market
    9 Trends In EV Flame Retardant Material Market
    10 New Product Development In EV Flame Retardant Material Market
    11 Increasing EV sales and Its Impact on  EV Flame Retardant Material Market
    12 OEM Stance on EVs and Its Impact on  EV Flame Retardant Material Market
    13 Renewable Energy Projects and Its Impact on  EV Flame Retardant Material Market, By Region
    14 Latest Technological Advancement in EV Flame Retardant Material.
    15 Research Focus Area in EV Battery Flame Retardant Material
    16 Market Size, Dynamics And Forecast By Geography, 2024-2030
    17 Market Size, Dynamics And Forecast By Component Type, 2024-2030
    18 Market Size, Dynamics And Forecast By Application, 2024-2030
    19 Competitive Landscape Of EV Flame Retardant Material Market
    20 Market Share in the EV Flame Retardant Material Market
    21 Recent M&A in the industry
    22 Growth strategy of Major Suppliers
    23 Company Profiles
    24 Conclusion
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