Increasing demand for unsaturated polyesters and extensive usage of Tetrabromobisphenol A (TBBPA) in this formulation, coupled with high investments in R&D of brominated flame retardant, are fueling the market growth.
Market Size – USD 1.63 Billion in 2018, Market Growth – CAGR of 5.7%, Market Trends – Increase in demand for consumer electronics applications and the usage of brominated flame retardants in such products.
The global Brominated Flame Retardant market is forecast to reach USD 2.71 Billion by 2027, according to a new report by Reports and Data. The brominated flame retardants (BFR) are widely chosen organo-bromine, and halogen flame retardant compounds due to their inhibitory effect on the combustion chemical process. The brominated compound is highly effective in the reduction of flammability of materials especially in plastic and textile-based final products. Brominated Flame Retardant is mostly used in the manufacturing of printed circuit boards (PCBs), polymer foams, computer casing, electrical cables, and various insulation coatings, among others. The continuous expansion of the consumer electronics, textile industries, leather industries, electrical systems, and flame insulation coatings, are expected to drive the demand of this market throughout the forecast period. Enormous usage of this flame retardant chemical in various components of consumer electronics products are the primary contributors to the market growth.
Asia Pacific region is forecasted to grow fastest with the highest growth rate of 6.4% in the period 2019 – 2027, owing to high market penetration for consumer electronics and enormous use of brominated flame retardant in such products, especially in regions like India and China. China also has the largest market globally and the US has some of the most active players in the market.
Key participants include Albemarle Corporation, Akzo Nobel N.V., Jiangsu Yoke Technology Co., Ltd., Velsicol Chemical Corporation, Israel Chemicals Ltd., Lanxess Aktiengesellschaft, BASF SE, Nabaltec AG, The Dow Chemical Company, and Clariant AG, among others.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global brominated flame retardant market on the basis of the end-use verticals, type, sales channel, applications, and region:
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
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Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027 Chapter 3. Indicative Metrics Chapter 4. Brominated Flame Retardant Market Segmentation & Impact Analysis 4.1. Brominated Flame Retardant Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Substantial growth in the consumer electronics applications 4.2.2.2. Continuous expansion of the textile industries in APAC 4.2.2.3. High demand for brominated flame retardant in thermal-resistant coating applications 4.2.3. Market restraints analysis 4.2.3.1. Concerns with the toxic effects 4.2.3.2. Growing implementation of the alternatives 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis
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Chapter 10. Competitive Landscape 10.1. Market Revenue Share By Manufacturers 10.2. Manufacturing Cost Breakdown Analysis 10.3. Mergers & Acquisitions 10.4. Market positioning 10.5. Strategy Benchmarking 10.6. Vendor Landscape Chapter 11. Company Profiles 11.1. Albemarle Corporation 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Technology Insights 11.1.4. Strategic Initiatives 11.2. Akzo Nobel N.V. 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Technology Insights 11.2.4. Strategic Initiatives 11.3. Jiangsu Yoke Technology Co., Ltd. 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Technology Insights 11.3.4. Strategic Initiatives 11.4. Velsicol Chemical Corporation 11.4.1. Company Overview 11.4.2. Financial Performance 11.4.3. Technology Insights 11.4.4. Strategic Initiatives 11.5. Israel Chemicals Ltd. 11.5.1. Company Overview 11.5.2. Financial Performance 11.5.3. Technology Insights 11.5.4. Strategic Initiatives 11.6. Lanxess Aktiengesellschaft 11.6.1. Company Overview 11.6.2. Financial Performance 11.6.3. Technology Insights 11.6.4. Strategic Initiatives
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