TETRABROMOBISPHENOL A MARKET ANALYSIS

Market Challenges And Opportunities

Drivers:

Increasing demand for printed circuit boards from various industries such as electronics, consumer electronics, medical devices, aerospace, and automotive among others is expected to drive demand for TBBPA during the forecast period. Tetrabromobisphenol A (TBBPA) is widely used as a reactive brominated flame retardant in epoxy, polycarbonate, and phenolic resins in printed circuit boards. According to Consumer Technology Association (U.S. based trade organization), the total U.S. consumer technology accessories market (including video, audio, imaging, wireless phone, video game, and computing accessories) was valued at US$ 10.70 billion in 2018 and was estimated to reach US$ 12.40 billion in 2021 at a CAGR of 4%.

Increasing disposable income of the population in emerging economies such as India and Brazil is expected to drive demand for consumer electronic products in these countries. For instance, according to the India Brand Equity Foundation (IBEF), in 2015, per capita income in India was US$ 1,000 in 2015, which increased to US$ 1,301 in 2019.

Market Restraints

The increasing demand for non-halogenated flame retardants is expected to hamper the market growth of tetrabromobisphenol A during the forecast period. Non-halogenated flame retardants are preferred over brominated flame retardants as they lack halogens, enhance efficiency, ensure safety, and non-halogenated flame retardants are also recyclable and release less smoke during disposal. According to Coherent Market Insights Analysis, the global non-halogenated flame retardants market is projected to surpass US$ 5.0 billion by the end of 2027, in terms of revenue, exhibiting a CAGR of 6.4% between 2019 and 2027.