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Brominated Flame Retardants Market Size, Share & Industry Analysis, By Application (Electrical & Electronics, Chemical, Plastic, Construction, Transportation), And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105196 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

The global brominated flame retardants market size is expected to gain momentum owing to the rising demand in the electrical & electronics applications during the forecast period. The brominated flame retardants are organobromine compounds, it is also an important element in the chemical group halogen. It is added to many commercial and consumer products in order to inhibit them from burning when they are exposed to heat or a smoldering cigarette. HBCD and tetrabromobisphenol-A (TBBPA) are widely used as brominated flame retardants. They help to either stop the process from starting or gradually slow down the chemical reaction. The brominated flame retardants find its use in a wide range of applications which include electrical & electronics, chemical, plastic, construction, and transportation.


The adoption of brominated flame retardant is expanding in the electrical & electronic industry owing to its ability to diminish the combustibility of burnable substances. It is highly utilized in the printed circuit boards (PCBs), electronic castings, and circuit processing. Whereas in the plastic products, the brominated flame retardants are mainly added in polymeric resins in order to delay the fire combustion. This further leads to raising the adoption of plastic in various industries such as building & construction materials, aerospace, and automotive. Hence, the increasing demand for the product in plastic and electronic & electrical industry will contribute to fuel the brominated flame retardants market growth during the forecast timeline. 

However, the availability of alternatives including chlorinated flame retardants and non-halogenated flame retardants is restricting the use of brominated flame retardants in various applications. Hence, this is anticipated to hamper the market growth.

Up Arrow

Key Market Driver -

The rising demand for brominated flame retardants in electrical & electronics and plastic applications to drive the market growth.

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Key Market Restraint -

The availability of alternatives to restrict the market growth

 

Brominated Flame Retardants Market Segmentation Analysis:


Increasing Application in Electronics and Plastic Industries to Stimulate Growth

Based on application, the brominated flame retardants market is segmented into electrical & electronics, chemical, plastic, construction, transportation, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.  

Key Players Covered:



  • BSEF

  • SpecialChem

  • Kisuma Chemicals

  • Applied Technical Services

  • Chemtura Corporation

  • ADEKA CORPORATION

  • GAB Neumann GmbH

  • GreenSpec

  • RTP Company

  • Albemarle Corporation

  • ICL

  • LANXESS

  • Jiangsu Yoke Technology Co. Ltd.


Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


Increasing Demand in Chemical Industry to Promote Growth in Asia Pacific

Asia Pacific is anticipated to witness the highest growth in the brominated flame retardants market. The growth is attributed to the rising demand for the product in the chemical industry, in which China and India are the leading countries. The increasing use of brominated flame retardants in the construction industry will fuel the market growth in Europe. In North America, the growth is due to the increasing adoption of the product in the electrical & electronics industry. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product for the transportation purpose.

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Segmentation


















 ATTRIBUTES    

  DETAILS    

By Application

  • Electrical & Electronics

  • Chemical

  • Plastic

  • Construction

  • Transportation

  • Others

By Geography

  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)




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Brominated Flame Retardants Market Report
  • Ongoing
  • 2023
  • 2019-2022
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