Tetrabromobisphenol A Market Driven by Increasing Application in Flame Retardants

Sneha

Tetrabromobisphenol A Market Driven by Increasing Application in Flame Retardants

The global Tetrabromobisphenol A Market is estimated to be valued at US$ 1,292.48 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, also known as TBBPA, is a chemical that has high efficacy as a flame retardant additive. It is a white, crystalline solid material that is majorly used in printed circuit boards, textiles, plastics and construction materials to reduce their flammability. TBBPA acts as a synergist to improve the flame retardancy of epoxy resins and epoxy-containing polymer mixtures like epoxy-based printed circuit boards. It also finds applications as a reactive flame retardant polymerized into polymers like polycarbonate and polyamides. The demand for TBBPA is rising owing to its excellent heat resistance and non-halogen properties, which make it a safer alternative as compared to halogenated flame retardants.

Market key trends:

One of the key trends shaping the tetrabromobisphenol A market growth is the stringent regulations around the use of halogenated flame retardants in electrical and electronic appliances to curb emission of toxic gases in case of fire. This is prompting manufacturers to increasingly adopt TBBPA as it is a non-halogen flame retardant with lower smoke and toxicity levels. Furthermore, the market is witnessing a rise in demand from the construction industry where TBBPA is being widely used in wall panels, insulation and coatings to impart fire resistance in buildings. The improving infrastructure development in emerging nations is fueling this growth. also, integration of more flame retardant materials in vehicles to enhance safety is propelling uptake of TBBPA in the automotive industry.

Porter's Analysis :

· Threat of new entrants: Low capital requirements and established buyer relationships lower barriers to entry in this market.

· Bargaining power of buyers: Large buyers have significant influence over suppliers due to the consolidated nature of the market.

· Bargaining power of suppliers: A few major manufacturers control the global supply of this product, giving them strong bargaining power.

· Threat of new substitutes: No close substitutes exist for this product but R&D in alternative products may pose a future threat.

· Competitive rivalry: Major players compete intensely on pricing, quality and service to gain market share in this consolidated market.

Key Takeaways:

The Global Tetrabromobisphenol A Market Demand is expected to witness high growth, exhibiting CAGR of 5% over the forecast period, due to increasing demand from the electrical and electronics industry. North America dominates the global Tetrabromobisphenol A market currently and is expected to continue its dominance over the forecast period due to growth in end use industries.

The global Tetrabromobisphenol A market size for 2020 was US$ 1,216.26 Mn. Regional analysis Asia Pacific is witnessing fastest growth in the Tetrabromobisphenol A market due to rapid industrialization and presence of emerging economies like India and China.

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.

Sneha

The Global Tetrabromobisphenol A Market Growth Accelerated By High Demand From Construction Industry

samruddhicmi12 2023-12-20

With rapid urbanization and infrastructure development activities worldwide, the demand for flame retardants in the construction industry has increased significantly. The global Tetrabromobisphenol A market is estimated to be valued at US$ 1407. According to estimates, the global construction output is projected to grow by 85% to reach $15. This upward construction trend is expected to continue supporting market growth of tetrabromobisphenol A over the forecast period. Segment Analysis The global tetrabromobisphenol A market is dominated by flame retardants segment. The global Tetrabromobisphenol A market is estimated to be valued at US$ 1407.

Graphite Crucible Market Estimated to Reach US$ 1.07 Billion by 2023, with a CAGR of 4.6%: Coherent Market Insights

Leena Shedmake 2023-09-28

Segment Analysis: The graphite crucible market can be segmented based on type, application, and region. In terms of type, the market can be divided into high-purity graphite crucible, isostatic graphite crucible, and others. Key Takeaways: The Global Graphite Crucible Market Demand is expected to witness high growth, exhibiting a CAGR of 4. In terms of regional analysis, Asia Pacific is projected to be the fastest-growing and dominating region in the graphite crucible market. Key players operating in the graphite crucible market include Morgan Advanced Materials, Mersen, TOYO TANSO, SGL Group, NAC Carbon Products, Inc.

Tetrabromobisphenol A Market Is Trending Towards Sustainability By Reduced Consumption

ashwini bakhade 2024-02-13

The Global tetrabromobisphenol A Market is estimated to be valued at US$ 1621. Porter’s AnalysisThreat of new entrants: New manufacturers face high capital requirements to build manufacturing facilities for Tetrabromobisphenol A Market Size and establish distribution networks. Competitive rivalry: The global Tetrabromobisphenol A market is moderately competitive with the presence of large global manufacturers. Geographical RegionsNorth America dominates the global Tetrabromobisphenol A market in terms of value owing to the large electronic market in the region. Asia Pacific region is expected to be the fastest growing market for Tetrabromobisphenol A.

Global Itaconic Acid Market Is Estimated To Witness High Growth Owing To Increased Demand in Various Applications

savi jadhav 2023-08-23

Content: The global Itaconic Acid Market is estimated to be valued at US$ 97. A) Market Overview:Itaconic Acid is a white crystalline substance that is derived from itaconic acid bacteria. Fluctuating raw material pricesD) Key Takeaways:- The global Itaconic Acid Market is expected to witness high growth, exhibiting a CAGR of 4. - Key players operating in the global Itaconic Acid market include Itaconix Corporation, Jinan Huaming Biochemistry Co. In conclusion, the global Itaconic Acid market is witnessing significant growth due to its eco-friendly nature and increasing demand in various industries.

Tetrabromobisphenol A (TBBPA) Market Size, Share & Opportunities Report by 2032: AMR

amol 2023-08-01

Allied Market Research published a new report, titled, Tetrabromobisphenol A (TBBPA) Market. com/tetrabromobisphenol-a-TBBPA-market/purchase-options Key Benefits: The report provides a qualitative and quantitative analysis of the current Tetrabromobisphenol A (TBBPA) market trends, forecasts, and market size from 2023 to 2032 to determine the prevailing opportunities. reqfor=covid About Us: Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions. com Follow us on LinkedIn and Twitter

Understanding the Flourishing Fluorosurfactant Market

harries jackson 2023-07-25

The fluorosurfactant market has experienced remarkable growth in recent years, owing to its wide-ranging applications and unique properties. These characteristics make them highly sought after in various industries, from paints and coatings to firefighting foams and cleaning agents. The Global Fluorosurfactant Market is estimated to be valued at reach US$ 569. Environmental regulations have also played a significant role in shaping the Fluorosurfactant Market. In the upcoming blogs, we will delve deeper into the applications, key players, technological advancements, and future prospects of the fluorosurfactant market.

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