About this market
Preference for environment-friendly flame retardants to drive growth in the market. Manufacturers of flame retardants are developing non-toxic flame retardants for certain applications. analysts have predicted that the brominated flame retardants market will register a CAGR of almost 4% by 2023.
Market Overview
High demand from electronics and electric industry
In the electronics and electrical industry, brominated flame retardants are widely used in electronic castings, circuit processing, printed circuit boards, and other electrical components.
Toxicity of brominated flame retardants
Even though brominated flame retardants exhibit several characteristic properties and are used in different end-use applications, they can severely damage the environment and human health.
For the detailed list of factors that will drive and challenge the growth of the brominated flame retardants market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including LANXESS and Velsicol Chemical the competitive environment is quite intense. Factors such as the high demand from electronics and electric industry and the expansion of aircraft manufacturing facilities, will provide considerable growth opportunities to brominated flame retardants manufactures. Akzo Nobel, Albemarle, ICL, Jiangsu Yoke Technology, LANXESS, and Velsicol Chemical are some of the major companies covered in this report.