Global Brominated Flame Retardants Market 2019-2023

Below are some of the key findings from our brominated flame retardants market forecast report

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Global brominated flame retardants industry overview

Brominated flame retardants are extensively used in electronic castings, printed circuit boards (PCBs), circuit processing and other electrical components to help overcome the risks of overheating and fire hazards. Tetrabromobisphenol-A (TBBPA) and HBCD are the most widely used brominated flame retardants. PCBs mainly use a brominated epoxy resin polymer named tetrabromobisphenol-A (TBBPA) for its flame retarding purposes. Thus, the high demand from electrical and electronics industry is identified as a major factor driving brominated flame retardants market growth. Flame retardant chemicals are added to plastics and polymeric resins to delay the combustion of fire. Therefore, the increased demand for plastics in several end-user industries such as electronic casings, building and construction materials, textiles, and transportation will boost the global brominated flame retardants market which will grow at a CAGR of almost 4% during the forecast period.

The growing preference for environment-friendly flame retardants is one of the key trends expected to gain prominence in the market. Manufacturers of flame retardants are developing non-toxic flame retardants for certain applications. The demand for these flame retardants has increased considerably with the increasing concerns regarding the toxic effects of synthetic or chemical-based flame retardants. As a result, the rising concerns regarding the environment will further lead to the growing adoption of brominated flame retardants

Top brominated flame retardants companies covered in this market research report

The global brominated flame retardants market is highly concentrated. To help clients improve their revenue shares in this market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this brominated flame retardants market analysis report suggests strategies companies can follow and recommends key areas they should focus on to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

• Akzo Nobel
• Albemarle
• ICL
• Jiangsu Yoke Technology
• LANXESS
• Velsicol Chemical

Brominated flame retardants market segmentation based on end-user

• Electrical and electronics
• Construction
• Transportation
• Others

The electrical and electronics segment will account for the highest share of the brominated flame retardants market because of its extensive use in plastic compositions for manufacturing electrical and electronic products. Additionally, the report also provides an accurate prediction of the contribution of all the end-user segments to the growth of the brominated flame retardants market size.

Brominated flame retardants market segmentation based on geographic region

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of the brominated flame retardants market throughout the forecast period. The growing demand for brominated flame retardants from the electrical and electronics and construction industry in APAC is one of the major factors fueling market growth in this region.

Key highlights of the global brominated flame retardants market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will decelerate the growth of the brominated flame retardants market during the next five years
• Precise estimation of the global brominated flame retardants market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the brominated flame retardants industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of brominated flame-retardant companies

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