The flame retardant thermoplastic elastomer market involves buyers and sellers of flame retardant thermoplastic elastomer, which is essentially halogen-free and a copolyester. The flame retardant thermoplastic elastomer compound is used for cable and wire insulation. The market is driven by high demand in building and construction and automobiles.
However, the downsides of flame retardant thermoplastic elastomers include the presence of alternative products, high costs, and strict regulations associated with the use of flame retardant chemicals, which can hamper the growth of the market. There is an opportunity for the growth of the flame retardant thermoplastic elastomer market, including advancement in performance and applications, increasing use of 3D printing technology, and use of non-halogenated substitutes because of rising environmental issues.
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