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.

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.

Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=501611

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.

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.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.