Brominated Flame Retardant Market Size to Hit USD 3.33 Billion By 2030
A new report by Reports and Data forecasts that the global brominated flame retardant market will reach USD 3.33 Billion by 2030. Brominated flame retardants (BFR) are widely used in the manufacturing of printed circuit boards (PCBs), polymer foams, computer casing, electrical cables, and various insulation coatings, among others, due to their inhibitory effect on the combustion chemical process. The report states that the continuous expansion of the consumer electronics, textile industries, leather industries, electrical systems, and flame insulation coatings is expected to drive the demand for this market throughout the forecast period. The Asia Pacific region is expected to experience the highest growth rate of 6.4% during the period 2019-2030, primarily due to the high market penetration for consumer electronics and enormous use of brominated flame retardant in such products, especially in regions like India and China. The unsaturated polyesters sub-segment is expected to grow a...