Global TBBA Consumption Market Size By Type(Industrial Grade), By Application(PCB or laminates, plastic housings), By Geographic Scope And Forecast
Report ID: 270216|No. of Pages: 202
Global TBBA Consumption Market Size By Type(Industrial Grade), By Application(PCB or laminates, plastic housings), By Geographic Scope And Forecast
TBBA Consumption Market Size And Forecast
TBBA Consumption Market size was valued at USD 821.55 Million in 2020 and is projected to reach USD 1,105.13 Million by 2028, growing at a CAGR of 4.00% from 2021 to 2028.
Factor projected to drive growth in the target market is that TBBA is very cost-effective and, once reacted to, it is permanent and non-migrating. The Global TBBA Consumption Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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What is TBBA Consumption?
Tetrabromobisphenol A (TBBA) is one of the major flame retardants used for synthetic textiles, plastic paints, and electrical devices as an alternative to polybrominated diphenyl ethers. The compound is fabricated by the reaction of bromine with bisphenol-A in the presence of a solvent, such as methanol, a halocarbon alone, or a halocarbon with water, hydrobromic acid, and aqueous alkyl monoethers. Owing to the nature of the process and the by-products that can be formed, the manufacturing operation is broadly conducted in closed systems.
Moreover, TBBA is widely used as a chemical intermediate in the production of epoxy resin for laminates specifically used for printed circuit boards. TBBA is extremely lipophilic and has low water solubility. Furthermore, TBBA has been gauged in the air, soil, and sediment, but is commonly not found in water samples. The compound is chemically constrained within the plastic used for printed circuit boards in electronic and electrical apparatus. It is also contained in engineered plastics in equipment, such as connectors and casings. Moreover, this compound is a flame retardant that aids in bringing down the flammability of plastics. TBBA helps enhance the fire safety of laminates.
TBBA is prepared in a colorless and powdered appearance. It is also adequate for the commercial use of electronic devices. Even though TBBA is not a bounded compound, the separate treatment of BFR- containing plastics is designed to ensure that plastics with restricted BFRs such as HBCD, DecaBDE, or OctaBDE are discharged from the material loop.
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Global TBBA Consumption Market Overview
TBBA is an organobromine compound and brominated fire-resistant. TBBA is bound chemically to the polymers in the reactive application. The prime use of TBBA is epoxy resins on printed circuit boards. As it is fire-resistant, it is employed in acrylonitrile butadiene styrene, which is majorly found in materials such as TVs. The major use of TBBA as an additive flame retardant is in enclosures of acrylonitrile butadiene styrene (ABS). ABS is broadly used for enclosures and structural parts of several types of electronic and electronic equipment. Furthermore, TBBA is a highly pure flame retardant containing very stable aromatic bromine. The compound is also employed as an additive or reactive flame retardant. Besides, the prime worry regarding the additive use of TBBA is its toxicity in the aquatic environment and its possible effect on break-down products in the environment which act as the major restraint of the market.
On the contrary, another factor projected to drive growth in the target market is that TBBA is very cost-effective and, once reacted to, it is permanent and non-migrating. Additionally, in cumulative usage of TBBA, the compound is not bound chemically in the polymer material, and therefore continues to exist as the original substance and has the potential for migrating or evaporating out of the polymer, which acts as the major key growth driver of the market. However, the extensive use of TBBA, and its environmental persistence in dust and sediments, has led to elevated concerns regarding its effects on wildlife and humans, which is the major restraint and might impede the TBBA consumption market. Nevertheless, increasing focus on the establishment of successful collaborations, acquisitions, and joint venture activities of various industry players provides lucrative growth opportunities for the TBBA industry in the coming years.
Global TBBA Consumption Market: Segmentation Analysis
The Global TBBA Consumption Market is segmented on the basis of Type, Application, and Geography.
TBBA Consumption Market by Type
- Industrial Grade
- Others
Based on type, the market is bifurcated into industrial grade and others. In 2020, the segment of industrial grade dominated the TBBA industry as industrial grade TBBA is widely utilized in the electrical and electronics industries. The market is projected to grow at the highest CAGR of 4.28% during the forecasted period. It is also used to make the acrylonitrile butadiene styrene (ABS) polymer, as well as epoxy and polycarbonate resins.
TBBA Consumption Market by Application
- PCB or laminates
- Plastic Housings
- Intermediate
- Others
Based on application, the market is divided into PCB or laminates, plastic housings, intermediate, and others. In 2020, the segment PCB or laminates application holds the largest share as PCBs are used across a wide range of industries including consumer electronics, healthcare, automotive, aerospace and defense, industrial electronics, maritime transport, and others.
TBBA Consumption Market by Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of regional analysis, the Global TBBA Consumption Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific accounted for the largest market share in 2020 and the North America was the second-largest market in 2020. Owing to the availability of low labor and logistical expenses, Asia-Pacific is expected to dominate the market share. Economies such as China, Japan, South Korea, and Taiwan are seeing a strong increase in automobile production as well as across the manufacturing sector. The industry in this region is also driven by increased manufacturing capacity and the rise of
digitalization. Furthermore, owing to frequent building, transportation, and industrialization activities leading to market expansion, China and India are predicted to expand considerably quicker. North America has grabbed the second-largest position in the TBBA market due to the huge consumption of TBBA is in this region. It is due to the huge requirement for PCBs in this region owing to the growing applications in the consumer electronics, and automotive industry, along with the rising popularity of IoT.
Key Players
The “Global TBBA Consumption Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Albemarle Corporation, LANXESS (Chemtura Corporation), ICL-IP, Jordan Bromine Company, Shandong Moris Technology Co., Ltd., Shandong Brother Sci. & Tech. Co., Ltd., Tianjin Changlu Hangu Saltern Co., Ltd., Kingboard Holdings Limited, Shenrunfa, Shandong Weifang Longwei, and Shandong Futong Chemical.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. The major players in the market are LANXESS (Chemtura Corporation), Albemarle Corporation, ICL-IP.
Key Developments
• Albemarle Corporation has signed a non-binding letter agreement with Mineral Resources Limited (“MRL”) to explore a potential expansion of the MARBL Lithium Joint Venture (“MARBL”).
• LANXESS has acquired Solvay’s US, which focuses on phosphorus-based specialty chemicals, e.g. flame-retardant additives.
• ICL-IP has increased its bromine compounds capacity after entering into several strategic agreements with customers in Asia, for ICL–IP’s elemental bromine and bromine compounds products.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2017-2028 |
| BASE YEAR | 2020 |
| FORECAST PERIOD | 2021-2028 |
| HISTORICAL PERIOD | 2017-2019 |
| KEY COMPANIES PROFILED | Albemarle Corporation, LANXESS (Chemtura Corporation), ICL-IP, Jordan Bromine Company, Shandong Moris Technology Co., Ltd., Shandong Brother Sci. & Tech. Co., Ltd., Tianjin Changlu Hangu Saltern Co., Ltd., Kingboard Holdings Limited, Shenrunfa, Shandong Weifang Longwei, and Shandong Futong Chemical. |
| SEGMENTS COVERED | By Type, By Application, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Industry Analysis Matrix
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