Flame Retardant Thermoplastic Market Share

Regionally, the flame retardant thermoplastic market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is anticipated to hold the largest market share throughout the forecast period owing to the rising industrialization as well as urbanization in the region. Moreover, growing sales of electrical and electronic goods, along with increasing sales of vehicles, backed by the rising population across several developing countries in the region, such as China, India, Japan, South Korea, and others, are some of the factors anticipated to drive the market growth in the region. On the other hand, the flame retardant thermoplastic market in the Middle East & Africa is anticipated to grow with the highest CAGR throughout the forecast period owing to the growing industrialization as well as presence of developing countries in the region such as Saudi Arabia, South Africa, Egypt and others.