- Flame Retardant Thermoplastics are becoming essential in industries such as automotive, electronics, construction, and textiles across the North America 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.
- U.S. leads the North America market with an estimated revenue share of around 56.71% in 2024, owing to significant industrial growth, expanding construction projects, and increased adoption of advanced flame retardant technologies.
- U.S. is expected to be the fastest growing market in the region during the forecast period, with a CAGR of approximately 6.8%, 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 24.45% in 2024, driven by its excellent mechanical strength, high heat resistance, and widespread use in automotive and electrical applications.
