Tetrabromobisphenol A Market

Global Tetrabromobisphenol A Market Is Estimated To Witness High Growth

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The Tetrabromobisphenol A Market is estimated to be valued at US$ 1,281.28 Mn in 2022 and is expected to exhibit a CAGR of 5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Tetrabromobisphenol A (TBBPA) is a brominated flame retardant that is primarily used as a reactive intermediate in producing flame retardant polymers and epoxy resins. TBBPA offers properties such as increased ignition resistance for printed circuit boards, plastic housings, textiles, and electrical appliances. It serves as a flame retardant additive for insulation in wires and cables.

Market Dynamics:

Tetrabromobisphenol A demand is majorly driven by increasing application in printed circuit boards owing to high flame retardancy and excellent electrical properties. Growing number of electronic appliances and increasing miniaturization of electronic devices has fostered the demand for printed circuit boards. Furthermore, rising construction activities has augmented the demand for insulation in wires and cables which acts as another major driver for tetrabromobisphenol A market. However, stringent regulations due to environmental concerns associated with brominated compounds and availability of alternatives can hamper the market growth over the forecast period.

SWOT Analysis:

  • Strength: Tetrabromobisphenol A is commonly used as a flame retardant which increases safety. It is highly effective in even small quantities and provides long lasting protection. Its widespread use across various industries such as electronics and construction boosts its demand.
  • Weakness: Stringent regulations are imposed on the use of tetrabromobisphenol A due to its potential harm to human health and environment. It can interfere with hormone function and may cause cancer, impacting its demand. Alternatives are being explored which can replace its usage.
  • Opportunity: Growing application in printed circuit boards used in smartphones, television boards, and other electronic products drives its market growth. Expanding construction industry also presents an opportunity due to its use in insulation and wall panels.
  • Threats: Several countries and markets have restricted or banned its use owing to health hazards. Substitute products may gain popularity and replace tetrabromobisphenol A.

Key Takeaways:

The Global Tetrabromobisphenol A Market Growth is expected to witness high, exhibiting CAGR of 5% over the forecast period, due to increasing demand from electronics and electrical components industry. Widespread use in printed circuit boards for smartphones, televisions and other gadgets drives its consumption.

Regional analysis: The Asia Pacific dominates the global tetrabromobisphenol A market and is expected to grow at the fastest rate owing to large electronics manufacturing base in countries like China, Taiwan and South Korea. Countries like India and Indonesia are also emerging as lucrative markets. North America and Europe are other major markets for tetrabromobisphenol A.

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. Key players are focusing on expanding their production capacities and geographical reach to meet growing global demand.

*Note:
1.  Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it