- Flame Retardant Thermoplastics are becoming essential in industries such as automotive, electronics, construction, and textiles across the Middle East and Africa due to their enhanced fire safety, durability, and regulatory compliance.
- The rising demand for Flame Retardant Thermoplastics is primarily driven by increased safety regulations, growing infrastructure development, and a shift towards sustainable and bio-based flame retardant materials.
- The GCC countries, particularly Saudi Arabia and the UAE, lead the Middle East and Africa market with an estimated revenue share of around 40% in 2024, owing to significant industrial growth, expanding construction projects, and increased adoption of advanced flame retardant technologies.
- South Africa is expected to be the fastest growing market in the region during the forecast period, with a CAGR of approximately 6.2%, supported by industrial diversification, expanding manufacturing sectors, and rising awareness of fire safety standards.
- The Polyamide segment is projected to hold a significant share of approximately 24% in 2024, driven by its excellent mechanical strength, high heat resistance, and widespread use in automotive and electrical applications.
