Tetrabromobisphenol A or TBBPA is a brominated flame retardant that is used extensively in printed circuit boards and as an intermediate in epoxy and polycarbonate resins to impart flame retardancy. TBBPA helps improve the fire safety of electronic products and components. Growing demand for laptops, smartphones, televisions and other electronic appliances has fueled the need for flame retardant materials like TBBPA. Regulation on fire safety standards in electronics is further augmenting market growth.
The Global Tetrabromobisphenol A Market is estimated to be valued at US$ 1621.99 Bn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating are Medicago, Inc., IBIO, Inc., Icon Genetics GmbH, Lumen Bioscience, Inc., British American Tobacco Plc., Creative Biolabs, Inc., Leaf Expression Systems Ltd., ZYUS Life Sciences Inc., PlantForm Corporation, and Infectious Disease Research Institute (IDRI).
The market provides opportunities for players to develop alternatives to TBBPA and bio-based flame retardants using algal extracts and plant-based materials. With growing environmental regulations, flame retardant makers are investing in greener substitutes.
Globally, the Asia Pacific dominates the tetrabromobisphenol A consumption attributed to large electronics manufacturing base in China, Taiwan, South Korea and Japan. Europe and North America are other major markets driven by regulatory push for fire-safe products. Manufacturers are looking to expand in developing markets of Latin America and Middle East & Africa.
Market drivers
The main driver for Tetrabromobisphenol A Market Size is increasing demand from the electrical and electronics sector. Wide use of TBBPA in printed circuit boards and computer monitors has surged with rising electronics consumption globally. Growing mobility trends and miniaturization is further stimulating demand levels. Stringent fire safety norms worldwide also act as a key factor boosting market revenues.
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