Tetrabromobisphenol A (TBBPA) Market size is forecast to reach $3.5 billion by 2025, after growing at a CAGR of 4.8% during 2020-2025. Tetrabromobisphenol A (TBBPA) is a brominated flame retardant, which is one of the most common fire retardants. Tetrabromobisphenol A (TBBPA) industry is projected to augment due to its firebreak properties and widespread occurrence in everyday products such as furniture, upholstery, adhesives and electronic equipment.
Asia Pacific dominates the Tetrabromobisphenol A (TBBPA) market owing to penetration for consumer electronics and enormous use of brominated flame retardant in such products.
About 15 to 30% of the Tetrabromobisphenol A (TBBPA) brominated flame retardant is mixed in the unsaturated polyesters substance, which are then used in the fiber-reinforced plastics (FRP).
TBBPA is widely used in the manufacture of epoxy resin as a chemical intermediate for laminates primarily used for printed circuit boards.
The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications in Tetrabromobisphenol A (TBBPA) market and their specific segmented revenue.
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Geography – Segment Analysis
Asia Pacific dominates the Tetrabromobisphenol A (TBBPA) market with a share of more than 40%, followed by North America and Europe. APAC as a whole is set to continue to be one of the largest and fastest growing electronics markets globally. Large and more developed markets such China, India, Japan, and South Korea are expected to grow more in the coming years.
Drivers – Tetrabromobisphenol A (TBBPA) Market
Rise in adoption of Bromine products across industry verticals will drive Tetrabromobisphenol A (TBBPA) Market.
TBBPA is the largest volume brominated flame retardant (BFR) in production today to improve fire safety of mainly electrical and electronic equipment. Bromine derivatives market is primarily driven by its increasing use as a flame retardant in numerous electrical & electronics and construction applications. Moreover, the surge in demand for bromine products in coal-fired power stations to reduce mercury emissions is another important factor likely to witness substantial market growth.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Tetrabromobisphenol A (TBBPA) market. Major players in the Tetrabromobisphenol A (TBBPA) market rare Albemarle Corporation, Chemtura Corporation, Jordan Bromine Company, Shandong Brother Sci. & Tech. Co. Ltd., Kingboard Chemical Holdings Ltd., and Others.
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