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Tetrabromobisphenol A Market Size Forecast to Reach $3.5 Billion by 2025


Tetrabromobisphenol

iCrowdNewswire   Oct 20, 2020  11:22 AM ET

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.

By Grade– Segment Analysis

Industrial Grade held the largest share in the Tetrabromobisphenol A (TBBPA) market in 2019. The industrial grade Tetrabromobisphenol A (TBBPA) are widely used in electrical and electronics industry as a flame retardant. Tetrabromobisphenol A is one such flame-retardant which is a bromine derivative of bisphenol-A and TBBPA is an important substance among various bromo compounds. Owing to its high stability and effectiveness as an additive and as a reactive agent, TBBPA constitutes one third of the total bromine-based flame retardants. TBBPA is also used in the preparation of polymer acrylonitrile butadiene styrene (ABS), as well as in epoxy and polycarbonate resins.

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By End Use – Segment Analysis

Consumer electronics held the largest share in the Tetrabromobisphenol A (TBBPA) market in 2019. Tetrabromobisphenol A (TBBPA) is one of several borminated compounds which are widely used as flame retardants in consumer products. TBBPA is used mostly as a reactive retardant and its primary application is in electrical components. Consumer electronics has evolved significantly over the last few years owing to several new technological developments. The main factor driving growth over the forecast period is expected to be technological progress and the advent of smart devices. The growing in demand for large-screen devices known as ‘phablets’ provides substantial opportunities for growth. Additionally, advances such as the advent of Internet of Things (IoT) through products such as fitness bracelets, growing customer disposable income, and increasing smart device adoption provide avenues for market growth. In 2019, consumer electronics sector experienced continuous growth, though recently the consumer electronics industry has slowed as the risk for a downturn in global electrical and electronics industry due to COVID-19 pandemic which led to temporary lockdown of all economic activities across globe.

By End Use – Segment Analysis

Electrical and Electronics dominates the Tetrabromobisphenol A (TBBPA) market growing at a CAGR of 6.5%. Tetrabromo bisphenol A (TBBPA) is a brominated flame retardant (BFR) widely used in electrical and electronic equipment. The substance is both used as a reactive and an additive flame retardant. TBBPA’s main application as an additive flame retardant is in Acrylonitrile butadiene styrene (ABS) enclosures. ABS is commonly used for many types of electronic and electrical equipment for enclosures and structural components. Some of the TBBPA derivatives can also be used in ABS, PP and HIPS enclosures however, in addition to the TBBPA derivatives, they are commonly used in engineering plastics; first, poly(butylene terephthalate) (PBT) and poly(ethylene terephthalate) (PET) polythermoplastics. These plastics are used in connectors, circuit breakers and related parts for more challenging applications. Apart from consumer electronics, Tetrabromobisphenol A (TBBPA) is also used in textiles as it is one of the most prevalent flame retardants. Fire resistant fabrics in apparel are used for the production of protective clothing that offer protection from direct exposure to fire, explosion, or arc fire. Apparel made of fire resistant fabrics will not easily catch fire, and even when they do, they are designed to self-extinguish. The growth in fire resistant textile market will directly have positive affect of the Tetrabromobisphenol A (TBBPA) supply and demand augmenting its market.

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. China is driving much of the Tetrabromobisphenol A (TBBPA) market demand in Asia-Pacific region. China accounted for more than 40% of global exports of electronics goods such as computers and smartphones. However, the immense majority of electronics activity in China is final stage assembly, where profit margin are enormously low. China is an important supplier of low-cost consumer goods, especially electronics. The strong and healthy growth in electronics sector is associated with growing population and middle class economy, which tend to drive APAC electronics market further and hence the Tetrabromobisphenol A (TBBPA) market. But the growth of Tetrabromobisphenol A (TBBPA) has been restricted due to lockdown of several non-essential activities and manufacturing facilities due to COVI-19 pandemic which has affected the electronics industry in recent times. But the market will see a healthy growth after 2020 and during the forecast period.

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.

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Challenges – Tetrabromobisphenol A (TBBPA) Market

Environmental hazards can restrict the Tetrabromobisphenol A (TBBPA) market.

Tetrabromobisphenol A has been determined in soil, water, river sediments and the atmosphere. Due to the high hydrophobicity, TBBPA may accumulate in living organisms, including humans at different food chain levels. Tetrabromobisphenol A is listed as H400/H410 hazard statements, indicating it is toxic to aquatic biota, causing long-term changes in those species.

Market Landscape

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.

Key Takeaways

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.

Related Reports:

A. Bisphenol Market

https://www.industryarc.com/Report/18796/bisphenol-market

B. Flame Retardant Chemicals Market

https://www.industryarc.com/Report/11692/flame-retardant-chemicals-market.html

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