According to Cognitive Market Research, the global Flame Retardant PBT market size will be USD 8654.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 3461.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2596.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1990.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 432.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 173.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The automobile industry represents the fastest-growing segment driven by the growth of electric vehicles (EVs) and hybrid vehicles. Flame-retardant PBT is widely used in EV battery systems, wiring, and interior components
