Global Tetrabromobisphenol A market expected to grow to USD 1.93 billion by 2033, driven by various industries.

From GlobeNewswire: 2024-07-17 08:00:00

The global Tetrabromobisphenol A market is expected to grow from USD 1.20 billion in 2023 to USD 1.93 billion by 2033, at a CAGR of 4.87%. TBBPA is widely used as a flame retardant in electronic devices, electrical equipment, and building materials due to its compliance with global regulatory standards. The industrial-grade segment is predicted to hold the largest market share, driven by demand in electronics, construction, and automotive industries.

The consumer electronics segment is expected to have the highest market share in the tetrabromobisphenol A market, driven by applications in electrical components and technological advancements in smart gadgets. Asia Pacific is estimated to hold the largest market share, with countries like China, India, Japan, and South Korea driving growth. North America is predicted to have the highest CAGR growth due to strict regulations requiring flame retardants and technological advances.

Major key players in the tetrabromobisphenol A market include Albemarle Corporation, Jordan Bromine Company, Kingboard Holdings Limited, and others. Recent developments include the European Food Safety Authority launching a public consultation on the risk assessment of TBBPA in food. The market is segmented by grade (experimental and industrial), application (PCB, consumer electronics, flame-retardants, etc.), and region (North America, Europe, Asia Pacific, etc.). Spherical Insights & Consulting offers detailed market research and consulting services for businesses.



Read more at GlobeNewswire: Global Tetrabromobisphenol A Market Size To Worth USD 1.93