Inorganic Flame Retardants Market Share

Regionally, the global inorganic flame retardants market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific industry is likely to account for largest revenue share by 2036, propelled by rapidly growing building & construction sector, and increasing rate of urbanization in the region. As per the World Bank, 60.698% of the total population of the East Asia & Pacific region lived urban areas in 2020, up from 59.889% in 2019 and 59.053% in 2018 respectively. Moreover, the market in North America is expected to grab the largest share during the forecast period owing to the imposition of strict fire safety laws in the region. In addition, rising investments by companies to develop improved inorganic flame retardants is also projected to drive the inorganic flame retardants market growth in the region in the coming years.