Global Brominated Flame Retardants Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Brominated Flame Retardants Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Flame retardants are all around in health care settings. Intravenous pumps, hospital beds, waiting room chairs, and hospital privacy curtains all share the common need to be fire resistant. Brominated flame retardants (BFRs) are organobromine compounds that have an inhibitory effect on combustion chemistry and tend to reduce the flammability of products containing them.

Market Overview:

The latest research study on the global Brominated Flame Retardants market finds that the global Brominated Flame Retardants market reached a value of USD 2534.28 million in 2022. It’s expected that the market will achieve USD 2896.44 million by 2028, exhibiting a CAGR of 2.25% during the forecast period.

Growth in end-use industries drives flame retardant market

Bromine-based flame retardants are widely used in electronic castings, printed circuit boards (PCBs), circuit treatments and other electrical components to help overcome overheating and fire hazards. Therefore, high demand in the electrical and electronics industries is considered to be the main factor driving the growth of the brominated flame retardant market. In addition, flame retardant chemicals are added to plastics and polymeric resins to retard the burning of fire. As a result, there is a growing demand for plastics in some end-user industries, such as electronics housings, building materials, and textiles. Thereby promoting the development of the brominated flame retardant industry.
It is expected that in the next few years, with the increase of infrastructure activities, the improvement of building structure safety standards and the growth of consumer electrical and electronic product manufacturing, it will promote the development of the brominated flame retardant industry.

Environmental and health issues limit growth of brominated flame retardants

Many brominated chemicals are increasingly criticized in home furniture and where children are exposed to them. Some people believe that PBDEs may have harmful effects on humans and animals. Increasing concern has prompted some European countries to ban some of them in accordance with Europe's more general precautionary principle.
Some brominated flame retardants have been identified as persistent, bioaccumulative and toxic to humans and the environment, and are suspected of causing neurobehavioral and endocrine disturbances. Considering the current status of global waste treatment, BFRs may be released into the environment. With concerns about environmental and health issues, it is expected that the development of the industry will be limited.

Opportunities

Flame retardant consumption in Europe, the Middle East, and Africa is mainly driven by many industry regulations, such as construction and construction (including housing, public and commercial buildings) and transportation (cars and buses). The catastrophic fire that broke out at the Grenfell Tower in London on June 14, 2017, shows that there are still areas that need improved fire prevention measures to avoid such disasters in the future.
In regions such as the Middle East and Africa, Saudi Arabia, the United Arab Emirates and Qatar are investing heavily in construction and infrastructure, providing good opportunities for the development of brominated flame retardants.
Due to its increased usage in China, Japan and India, the Asia-Pacific region is estimated to be the largest market in 2020. The development of infrastructure and the increase in the disposable income of the middle class in the Asia-Pacific region have greatly increased the demand for flame retardants, which are widely used in the insulation and manufacturing of plastics and electronic components. China is expected to become the main and fastest growing market in the Asia-Pacific region, mainly due to the increasing demand for brominated flame retardants in the country.

Region Overview:

In 2022, the share of the Brominated Flame Retardants market in China stood at 30.26%.

Company Overview:

Albemarle is one of the major players operating in the Brominated Flame Retardants market, holding a share of 27.67% in 2023.

Albemarle

Albemarle Corporation produces specialty chemicals. The Company offers plastics, polymers, and elastomers, as well as cleaning products, agricultural compounds, pharmaceuticals, photographic chemicals, drilling compounds, and biocides. Albemarle focuses on lithium, bromine, refining catalysts, and applied surface treatment. Albemarle markets its products globally.

Israel Chemicals Ltd.

Israel Chemicals Limited, through its subsidiaries, develops, manufactures, and markets chemical and fertilizer products in Israel. The Company markets its products in Israel, Europe, and the Americas. Products include bromine specialty chemicals, potash, phosphate fertilizers, and specialty performance and industrial products.

Segmentation Overview:

Among different product types, Tetrabromobisphenol A (TBBPA) and Other Phenols segment is anticipated to contribute the largest market share in 2028.

Polybrominated Diphenyl Ethers (PBDEs)

Polybrominated diphenyl ethers or PBDEs, are organobromine compounds that are used as flame retardant. Like other brominated flame retardants, PBDEs have been used in a wide array of products, including building materials, electronics, furnishings, motor vehicles, airplanes, plastics, polyurethane foams, and textiles.

Tetrabromobisphenol A (TBBPA) and Other Phenols

Tetrabromobisphenol A (TBBPA) is a brominated flame retardant. The compound is a white solid (not colorless), although commercial samples appear yellow. It is one of the most common fire retardants.and 2,4,6-tribromophenol (TBP), Other Phenols

Hexabromocyclododecanes (HBCDDs)

Hexabromocyclododecane is a brominated flame retardant. It consists of twelve carbon, eighteen hydrogen, and six bromine atoms tied to the ring. Its primary application is in extruded and expanded polystyrene foam that is used as thermal insulation in the building industry.

Polybrominated Biphenyls (PBBs)

Polybrominated biphenyls (PBBs) are manufactured chemicals. They are added to the plastics used to make products like computer monitors, televisions, textiles, plastic foams, etc. to make them difficult to burn. PBBs can leave these plastics and find their way into the environment.

Other Brominated Flame Retardants

Pentabromodiphenyl ether, octabromodiphenyl ether, decabromodiphenyl ether,etc.

Application Overview:

By application, the Electronics and Electrical Equipment segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Brominated Flame Retardants market covered in Chapter 3:

Israel Chemicals Ltd.
Lanxess
Velsicol Chemical
Sakamoto Yakuhin Kogyo Co., Ltd.
Albemarle
Tosoh Corporation
Shandong Brother Sci.&Tech
Shandong Weidong Chemical
Suli Co., Ltd.
Shandong Haiwang Chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the Brominated Flame Retardants market from 2018 to 2029 is primarily split into:

Polybrominated Diphenyl Ethers (PBDEs)
Tetrabromobisphenol A (TBBPA) and Other Phenols
Hexabromocyclododecanes (HBCDDs)
Polybrominated Biphenyls (PBBs)
Other Brominated Flame Retardants

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Brominated Flame Retardants market from 2018 to 2029 covers:

Electronics and Electrical Equipment
Construction and Building
Transportation
Textiles
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)