Tetrabromophthalic Anhydride (TBPA) Market to Witness Robust Expansion by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Tetrabromophthalic Anhydride (TBPA) market.

Tetrabromophthalic Anhydride (TBPA) is a type of bromine-based product, and mainly used in flame retardant industry.

It can be soluble in nitrobenzene, dimethylformamide and slightly soluble in acetone, toluene, xylene, methanol, 4-dioxane 2, tetrahydrofuran, acetic acid, etc.

First, the TBPA industry concentration is relatively high; there are just several key manufacturers in the world, and high-end products mainly from the American manufacturers.

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Global Tetrabromophthalic Anhydride (TBPA) Market: Forecast by Type / Application / Region

In the world wide, giant manufactures mainly distribute in America and China. America has a long history and unshakable status in this industry, like Albemarle and Great Lakes, both have perfect products. In China, the manufactures focus in Shandong and Jiangsu province.

Second, many companies set their plants close to the raw material bases. Like Albemarle’s factory is close to the Dead Sea, and Albemarle by joint venture with Arab Potash Company, both holding Jordan Bromine Company to produce bromine. In the raw material area, the Chinese production cost of bromine is higher than that of the United States, for example, from one ton brine, the bromine production can reach 3 – 4 Kg in Albemarle Dead Sea plant, but it only reaches less than 0.5kg in China producer’s factory.

Third, all manufactures in the world are committed to the improvement of product. These two years, some Chinese manufactures can almost catch up with the world's leading technology too.

Fourth, the import and export percent of this industry is high. Because the global key consumption market is the United States, due to its high demand, like wooden structure houses and villas.

Fifth, this industry is affected easily by the economy and policy, so it’s important to put an eye to economic indexes and policy. With the global economic recovery, more and more people pay attention to rising environment standards, the need of TBPA will increase in the future.

Sixth, we tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

Over the next five years, LPI(LP Information) projects that Tetrabromophthalic Anhydride (TBPA) will register a 5.9% CAGR in terms of revenue, reach US$ 78 million by 2023, from US$ 58 million in 2017.

Global Tetrabromophthalic Anhydride (TBPA) Market: Key Players
Albemarle(US)
Great Lakes(US)
ICL-IP(IL)
Ozeki(JP)
Yancheng Rongxin(CN)
Shandong Runke(CN)

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Related Information:
United States Tetrabromophthalic Anhydride (TBPA) Market Research Report 2018
Europe Tetrabromophthalic Anhydride (TBPA) Market Research Report 2018
North America Tetrabromophthalic Anhydride (TBPA) Market Research Report 2018
Asia-Pacific Tetrabromophthalic Anhydride (TBPA) Market Research Report 2018
China Tetrabromophthalic Anhydride (TBPA) Market Research Report 2018
EMEA Tetrabromophthalic Anhydride (TBPA) Market Research Report 2018
Global Tetrabromophthalic Anhydride (TBPA) Market Research Report 2018

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