TBBPA stands for tetrabromobisphenol A, which is a brominated flame retardant. Although commercial samples appear yellow, the chemical is a white solid (not colorless). It is among the most widely used fire extinguishers. TBBPA is produced when bromine reacts with Bisphenol A. Most commercial TBBPA products consist of a mixture of different bromination concentrations. TBBPA is mostly used as a reactive component of polymers, which means it is incorporated into the polymer backbone. It is used to make fire-resistant polycarbonates by substituting bisphenol A. Moreover, TBBPA is widely used as a chemical intermediate in the manufacture of epoxy resin for laminates used in printed circuit boards. It is also used in electrical and electronic products, as well as plastic and rubber.
The Global Tetrabromobisphenol A (TBBPA) Market was valued at US$ 1,216.26 Mn in 2020 and is expected to reach US$ 1,904.60 Mn by 2028, exhibiting a CAGR of 5.0% during the forecast period (2021-2028).
Drivers:
Increasing demand for printed circuit boards from various industries such as electronics, consumer electronics, medical devices, aerospace, and automotive among others is expected to drive demand for TBBPA during the forecast period. Tetrabromobisphenol A (TBBPA) is widely used as a reactive brominated flame retardant in epoxy, polycarbonate, and phenolic resins in printed circuit boards. According to Consumer Technology Association (U.S. based trade organization), the total U.S. consumer technology accessories market (including video, audio, imaging, wireless phone, video game, and computing accessories) was valued at US$ 10.70 billion in 2018 and was estimated to reach US$ 12.40 billion in 2021 at a CAGR of 4%.
Increasing disposable income of the population in emerging economies such as India and Brazil is expected to drive demand for consumer electronic products in these countries. For instance, according to the India Brand Equity Foundation (IBEF), in 2015, per capita income in India was US$ 1,000 in 2015, which increased to US$ 1,301 in 2019.
Among Regions, Asia Pacific held a dominant position in the global tetrabromobisphenol A (TBBPA) Market in 2020, accounting for 35.50% market revenue share, followed by North America and Europe.
The Asia Pacific is expected to remain one of the world's largest and fastest-growing electronics marketplace. According to Coherent Market Insights In the coming years, large and developed markets such as China, India, Japan, and South Korea are expected to grow even faster. Much of the TBBPA demand in the Asia Pacific region is witnessed in China. According to World Economic Forum, in 2019, China exported more than 40% of all electronic items, such as computers and smartphones, globally. China is a major source of low-cost consumer goods, particularly electronics.
Figure 1. Global Tetrabromobisphenol A (TBBPA) Market Revenue Share (%), By Region, 2020
-market-fig-1.png "Tetrabromobisphenol A | CMI")
Market Restraints
The increasing demand for non-halogenated flame retardants is expected to hamper the market growth of tetrabromobisphenol A during the forecast period. Non-halogenated flame retardants are preferred over brominated flame retardants as they lack halogens, enhance efficiency, ensure safety, and non-halogenated flame retardants are also recyclable and release less smoke during disposal. According to Coherent Market Insights Analysis, the global non-halogenated flame retardants market is projected to surpass US$ 5.0 billion by the end of 2027, in terms of revenue, exhibiting a CAGR of 6.4% between 2019 and 2027.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2020 | Market Size in 2020: | US$ 1,216.26 Mn |
| Historical Data for: | 2017 to 2019 | Forecast Period: | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR: | 5.0% | 2028 Value Projection: | US$ 1,904.60 Mn |
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| Companies covered: |
Albemarle Corporation, Greenchemicals S.r.l., ICL, Jordan Bromine Company, Kingboard Holdings Limited, LANXESS, Novel Chem, Shandong Brother Sci. & Tech. Co., Ltd., Shandong Futong Chemical Co., Ltd. and Tianjin Changlu Hangu Saltern Co., Ltd. |
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Market Trends
Rigid-flex printed circuit boards are the combination of hardboard and flexible circuits used for various applications such as consumer electronics, medical devices, etc. Various advantages offered by rigid-flex PCBs are expected to drive its demand during the forecast period. The increasing demand for rigid-flex PCB is expected to drive demand for TBBPA flame retardants.
Among product type, the Industrial Grade segment held a dominant position in the global tetrabromobisphenol A (TBBPA) Market in 2020, accounting for 79.8% of market share.
Industrial grade tetrabromobisphenol A (TBBPA) is a flame retardant that is widely utilized in the electrical and electronics industries. Tetrabromobisphenol A (TBBPA) is a bromine derivative of bisphenol A, and it is an important substance among various Bromo compounds. TBBPA accounts for one-third of all bromine-based flame retardants due to its great stability and effectiveness as an additive and as a reactive agent.
Figure 2. Global Tetrabromobisphenol A (TBBPA) Market Revenue Share (%), Product Type, 2020
-market-fig-2.png "Tetrabromobisphenol A | CMI")
Global Tetrabromobisphenol A (TBBPA) Market - Impact of Coronavirus (COVID-19) Pandemic
The coronavirus pandemic has adversely affected the chemical industry globally. Chemical manufacturers had to reduce their capital and operational expenditure due to the crisis. The operating capacity had to be reduced due to labor shortages and disruptions in the supply of raw material. According to the National Bureau of Statistics of China, the chemical manufacturing in China slumped by around 20% in 2020, compared to 2019, while profits declined by 66%. Tetrabromobisphenol A (TBBPA) is widely used as a reactive brominated flame retardant in epoxy, polycarbonate, and phenolic resins. COVID-19 pandemic has resulted in unprecedented decline in the sales of automotive and consumer electronics and white good products such as refrigerators, air conditioners, etc. This decline has in turn reflected in the revenue of the polymers and resins industry. This is expected to negatively impact the demand for TBBPA from the polymer & resin industry. The flame retardants are used in manufacturing of printed circuit boards. The pandemic has disrupted the printed circuit board supply chain, causing shortages.
Competitive Section
Major players operating in the Global Tetrabromobisphenol A (TBBPA) Market include Albemarle Corporation, Greenchemicals S.r.l., ICL, Jordan Bromine Company, Kingboard Holdings Limited, LANXESS, Novel Chem, Shandong Brother Sci. & Tech. Co., Ltd., Shandong Futong Chemical Co., Ltd. and Tianjin Changlu Hangu Saltern Co., Ltd.
Tetrabromobisphenol A (TBBPA) is a brominated flame retardant used in 90% of epoxy-coated circuit boards. Tetrabromobisphenol A is used as an intermediate in epoxy resins as a reactive brominated flame retardant. This epoxy resins is used for the manufacturing of printed circuit boards. Moreover, epoxy resins containing TBBPA are used to encapsulate certain electronic components such as refrigerators, business machines and telephones.
Market Dynamics
Growth of medical devices market is expected to drive demand for printed circuit boards, which in turn is expected to drive demand for TBBPA. For instance, according to MedTech Europe (the European trade association representing the medical technology industries), the European medical devices market was valued at US$ 171.9 billion in 2020. The European medical devices market grew by 8.5% in 2020 from the previous year. The biggest medical device markets in Europe include Germany, France, the U.K., Italy, and Spain.
TBBPA is used as a plastic additive and used in manufacturing of engineering plastics. TBBPA is generally used with antimony oxide for optimum performance as an additive fire retardant in engineering plastics such as ABS (Acrylonitrile butadiene styrene) and HIPS (High Impact Polystyrene). Moreover, derivatives of TBBPA are used as an additive in other engineering thermoplastics such as polybutylene terephthalate (PBT) and polyethylene terephthalate (PET). These plastics are used in electrical and electronics industry for manufacturing casings, switches, connectors, and other plastic parts. Engineering plastic is used across the electronic industry due to its high resistance to various environmental factors such as chemicals, high temperature, and abrasion. This makes it an ideal material for manufacturing of consumer electronic goods.
Stringent regulations on the use of brominated flame retardants are expected to drive demand for non-halogenated flame retardants, which is expected to hamper the market growth. For instance, in January 2020, the California state government banned the sales and distribution of new upholstered furniture, replacement components of reupholstered furniture, foam in mattresses, and certain children’s products made for residential use if these products contain more than 0.1% of certain flame retardants, including TBBPA.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
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