Brominated Flame Retardants Market Industry Share, Business Size, Growth Factors and Forecast 2029

6.9.2023: Brominated Flame Retardants Market Expected to Reach USD 17.21 Billion by 2029, with 3.8 % CAGR

Brominated Flame Retardants Market Report Scope and Research Methodology

Report Scope:

The Global Brominated Flame Retardants Market Research Report provides comprehensive insights into the market, focusing on key aspects such as market overview, dynamics, segment analysis, regional insights, research methodology, drivers, restraints, and more.

Research Methodology:

Our research methodology involves a meticulous process of data collection and analysis to provide accurate and reliable market information. We employ industry-standard research techniques, including primary and secondary research, to ensure the highest quality of data and insights.

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What are Brominated Flame Retardants Market Dynamics?

To reduce the combustibility of combustible materials, brominated flame retardants are widely utilised in the manufacture of consumer goods. consumption for brominated flame retardants has increased as a result of a surge in consumer goods consumption.

Large-scale applications for brominated flame retardants include electronic castings, heat sink in-circuit management, and other electrical components. The risk of overheating and fire is eliminated by the use of brominated flame retardants, which also minimise the heat produced while using the electronic product. As a result, the electrical and electronic industries now use brominated flame retardants extensively. The demand for brominated flame retardants has increased as a result of the increased dependence of human life on these goods.

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Brominated Flame Retardants Market Segmentation?

By Type: Tetrabromobisphenol A is the most commonly used Brominated Flame Retardant, accounting for over 44% of the market. Other variants include Decabromodiphenyl Oxide, Octabromodiphenyl Oxide, Pentabromodiphenyl Oxide, and Hexabromocyclododecane.

By Application: The primary application areas include electrical instruments (more than 30% usage), transportation industry (2.1% growth), automobile ancillaries (1.6% increase), aerospace industry (1.1% rise), and various sectors based on specific requirements.

By End User: Consumer goods manufacturing consumes over 45% of Brominated Flame Retardants, followed by the hardware manufacturing industry (1.5% growth), industrial sector (2.1% increase), electronics industry (25% usage), electrical industry (1.2% rise), polymer industry (2.1% growth), textile industry (1.3% increase), and leather industry (2.1% growth).

Who are Brominated Flame Retardants Market Key Players?

1. The Dow Chemical Company
2. Albemarle Corporation
3. Velsicol Chemical Corporation
4. Akzo Nobel N.V.
5. BASF SE
6. Nabaltec AG
7. Lanxess AG
8. Clariant AG
9. Vink Chemicals GmbH & Co. KG
10. Israel Chemicals Ltd.
11. Jiangsu Yoke Technology Co., Ltd.
12. Shandong Moris Technology Co., Ltd.
13. Jiary Flame Retards Co., Ltd.
14. Jiangsu Randeon Chemical Co., Ltd.
15. Hangzhou JLS Flame Retardants Chemical Co., Ltd.

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Regional Insights:

Asia-Pacific, led by China and India, dominates the market with a 3.1% increase in consumption due to rising demand for electrical and electronic appliances.

North America experiences a 1.6% growth driven by the aerospace and logistics industries.

Europe sees a 1.4% increase in demand, owing to its significant automobile industry.

South America witnesses a 1.3% growth rate, fueled by the demand for consumer electronics.

The Middle East and Africa, although currently exhibiting low growth, are expected to experience positive growth as the population and demand for consumer products rise.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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