by The global Tetrabromobisphenol A Market is estimated to be valued at US$ 1,282.87 Mn in 2022 and is expected to exhibit a CAGR of 5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Tetrabromobisphenol A is a brominated flame retardant that finds application in printed circuit boards and electronic components due to its ability to inhibit combustion. It is produced by the bromination of bisphenol A with elemental bromine. Tetrabromobisphenol A provides effective flame retardancy to plastics and resins without hindering their mechanical and electrical properties.
Market key trends:
Stringent regulations on tetrabromobisphenol A due to environmental and health concerns: Tetrabromobisphenol A is considered toxic due to which its production and use is being restricted across many countries. Major users are shifting towards alternative flame retardants such as aluminum trihydroxide and magnesium hydroxide to comply with regulations. This is expected to hamper the demand for tetrabromobisphenol A over the forecast period.
Segment Analysis:
The global tetrabromobisphenol A market is segmented by application into PCB or laminates, polyethylene, polysulfone resins and others. The PCB or laminates segment dominated the market in 2020 and accounted for the largest market share of around 60%. Tetrabromobisphenol A finds widespread application in the manufacturing of printed circuit boards (PCBs) and laminates due to its excellent flame retardant and dielectric properties. The increasing demand for PCBs from various end-use industries like electronics, automotive and construction is driving the growth of this segment.
Key Takeaways:
The Global Tetrabromobisphenol A Market Size was valued at US$ 1,216.26 Mn in 2022 and is expected to witness high growth, exhibiting a CAGR of 5% over the forecast period of 2023 to 2030. Asia Pacific accounted for the largest share of around 45% of the overall market in 2022. The rapid growth of end-use industries like electronics and construction in economies like China and India is boosting the demand for tetrabromobisphenol A in the region.
By application, the PCB or laminates segment dominated the market in 2020. Tetrabromobisphenol A is extensively used in the manufacturing of printed circuit boards due to its excellent dielectric and flame retardant properties. The rising demand for electronics goods is propelling the demand for PCBs and subsequently driving the tetrabromobisphenol A market.
Key players operating in the tetrabromobisphenol A market are Albemarle Corporation, Greenchemicals S.r.l., ICL, Jordan Bromine Company, Kingboard Holdings Limited, LANXESS, Novel Chem, Shandong Brother Sci. & Tech. Co., Ltd., Shandong Futong Chemical Co., Ltd. and Tianjin Changlu Hangu Saltern Co., Ltd. The major players are focusing on capacity expansion and new product launches to consolidate their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
