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.

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.

Think of TBBA as a workhorse chemical, mostly used to make epoxy resin for laminates in printed circuit boards. It's not a fan of water – it's extremely lipophilic and doesn't dissolve easily. You might find TBBA in the air, soil, or sediment, but generally, it's not hanging out in water. That's because it's locked inside the plastic of circuit boards in your electronics. You'll also find it in engineered plastics used in things like connectors and casings. Plus, TBBA is a flame retardant, so it helps make plastics less flammable and boosts the fire safety of those 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.

Global TBBA Consumption Market Overview

TBBA, or tetrabromobisphenol A, is a mouthful, but it's basically an organobromine compound that makes things fire-resistant. In some applications, like epoxy resins on printed circuit boards, it's chemically bound to the polymers. You'll find TBBA in acrylonitrile butadiene styrene (ABS) – that's the stuff used in things like TVs – where its fire-resistant properties are super helpful. Think of it as a key ingredient in making those ABS enclosures and structural parts safe for electronics and equipment. It's a pretty pure flame retardant, containing very stable aromatic bromine, and it can be used as an additive or reactive flame retardant. But here's the thingthe additive use of TBBA has raised concerns about its toxicity in the water and the potential impact of its breakdown products in the environment. That's a big factor holding back the market.

Actually, another reason why the market for TBBA is expected to grow is that it's super cost-effective. Plus, once it's reacted, it's permanent and doesn't move around. On the other hand, when you use a lot of TBBA, it doesn't actually bind to the polymer, so it stays as the original substance. Because of this, it can potentially migrate or even evaporate out of the polymer, which is a major factor driving market growth. However, because TBBA is used so much and sticks around in the environment (like in dust and sediments), there are growing worries about what it does to wildlife and humans. This is a big concern and could hold back the TBBA market. Still, there's an increasing focus on industry players making deals like collaborations, acquisitions, and joint ventures. These activities are creating some pretty sweet growth opportunities for the TBBA industry in the years ahead.

Global TBBA Consumption MarketSegmentation 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

Looking at where TBBA consumption is happening around the globe, we see the market broken down into North America, Europe, Asia Pacific, and everywhere else. Back in 2020, Asia Pacific was leading the way, with North America coming in second. We're expecting Asia-Pacific to stay on top, mostly because of cheaper labor and getting things where they need to go is easier. Plus, countries like China, Japan, South Korea, and Taiwan are pumping out more and more cars and boosting their manufacturing industries overall. Increased production capacity is also fueling the industry in this region, along with the rise of [missing concluding words].

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.

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