Global Tetrabromobisphenol-A (TBBA) Market Forecast, Trend Analysis and Competition Tracking - Global Market insights 2015 to 2031

Global Tetrabromobisphenol-A (TBBA) Market Revenue Outlook:

The global Tetrabromobisphenol-A (TBBA) market was valued at over US$ 822.0 Mn in 2020 and is projected to register а САGR of over 4.8% by 2031.

Request Covid - 19 Impact

From 2015 to 2020, Tetrabromobisphenol-A (TBBA) sales have increased at a stable rate, expanding over 4.8% CAGR.

Tetrabromobisphenol-A (TBBA) is Brominated Flame Retardants (BFRs) used in several industries, including the chemical industry, to prevent fires.

However, the recent COVID-19 pandemic has severely disrupted the entire chemicals industry. The supply of Tetrabromobisphenol-A (TBBA) and its raw materials, mainly from China, were considerably impeded due to stringent trade regulations imposed by several economies across the globe. The second quarter of 2020 was also at a damaging pace with a significant gap in demand and supply.

Global Tetrabromobisphenol-A (TBBA) Market Analysis by Product Type, 2014–2030

Source: Prudour, 2021

Increasing consumption of tetrabromobisphenol-A as an additive in producing polycarbonates in various end-use industries such as electronic components, construction, automotive, aerospace, mobile phones, etc., is expected to augment the revenue growth for this target market. In addition, robust growth in the electronics and electrical industry where Tetrabromobisphenol-A is one of the key raw materials used in printed circuit boards. This factor is also expected to fuel the demand for tetrabromobisphenol-A in these industries.

Nonetheless, various industry players in the global Tetrabromobisphenol-A (TBBA) market are now increasing their focus on the establishment of successful collaborations, acquisitions, and joint venture activities as a means to enhance their respective customer bases. In doing so, these players are also increasing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

COVID-19 Impact Analysis on Tetrabromobisphenol-A (TBBA) Market

The COVID-19 pandemic has resulted in the slowdown of critical trade activities across several countries. The onset of this given pandemic has also impacted the respective supply chains of these companies. As major economies imposed precautionary manufacturing lockdowns, a considerable gap between market supply and demand has been created, making it difficult for manufacturers and distributors to manage their supply operations effectively. This is a primary factor that is expected to negatively influence future revenue growth prospects for the global Tetrabromobisphenol-A (TBBA) market. As respective lockdowns are currently being relaxed/lifted in most countries, chemical manufacturers are expected to continue to face challenges related to labor shortages and hampered logistical operations in a phase-by-phase process.

Source: Prudour, 2021

Opportunities for the Global Tetrabromobisphenol-A (TBBA) Market

Several industry players are investing in numerous R&D activities to increase the use of tetrabromobisphenol-A as a chemical intermediate for the production of other chemicals, particularly in China and India. This is expected to create several new opportunities for revenue growth for key industry players operating in this target market. In addition, major players are now focusing on developing strategies concerned with the expansion of their existing product portfolios, the acquisition of related industry players, etc., as critical approaches to maintain or improve upon their respective market positions. New product manufacturing developments and innovations are also expected to offer new opportunities for potential revenue growth.

Tetrabromobisphenol-A (TBBA) Market Dynamics

The Global Tetrabromobisphenol-A (TBBA) Market is segregated based on product type, application, and region.  The epoxy resin grade segment is estimated to be the most lucrative segment in this target market. In 2020, the epoxy resin grade segment was estimated to account for US$ XX Mn, and account for a revenue share of 59.6%. Among the application segments, the PCB or laminates segment is projected to be valued at US$ XX Mn, with a revenue share of 58.2% in 2030, and register a CAGR of XX% from 2021 to 2030.

Regional Analysis:

The Asia-Pacific region in the global Tetrabromobisphenol-A (TBBA) market is expected to account for a significant share, followed by the North American region. The region is also anticipated to register the highest growth rates over the forecast period.

APAC is estimated to be the most lucrative market in the Global Tetrabromobisphenol-A (TBBA) market with an attractiveness index of XX and is expected to register a CAGR of 5.5%. The increasing growth of chemical industries, particularly in China and India, is expected to be the key contributing factor in these countries. The stable growth of these countries and increasing investments in chemical projects are estimated to provide a balanced growth in the coming years.

Global Tetrabromobisphenol-A (TBBA) Revenue Market Share by Region in 2020

Source: Prudour, 2021

Competitive Landscape:

The Tetrabromobisphenol-A (TBBA) market landscape appears highly consolidated, with a major chunk of it being dominated by players listed below:

• LANXESS Aktiengesellschaft (Chemtura)
• Israel Chemicals Ltd.
• Kingboard Holdings Limited
• Albemarle Corporation
• Jordan Bromine Company Ltd.
• Shandong Moris Tech Co., Ltd
• Shouguang Shenrunfa Ocean Chemical Co. Ltd.
• Weifang Longwei Industrial Company Limited
• Brother Industrial Group
• Futong Chemical Co., Ltd.
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

Tetrabromobisphenol-A (TBBA) Market, By Product Type

• Epoxy Resin Grade
• Polycarbonate Grade

Tetrabromobisphenol-A (TBBA) Market, By Application

• PCB or Laminates
• Plastic Housings
• Intermediate