August 08, 2019
Worldwide decabromodiphenyl ether market is projected to surpass US $430 million by 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
Decabromodiphenyl ether consisting of 80% bromine along with the synergist agent antimony oxide is known to act as a flame retardant. Various industries including automotive, textiles, plastics, and electrical & electronics extensively use brominated flame retardant products, fueling the growth of decabromodiphenyl ether market.
Based on the purity, 83% decabromodiphenyl ether is widely used in electronic products such as washing machine and vacuum cleaners, and generated revenue of US $230 million in 2018. The increasing use of household appliances and small electrical elements like wires & cables, light sockets, and decorative lights will further bolster the demand for the product over the forecast period. These products are manufactured using either PE, PPE, or PP which are high density polymers.
Moreover, applications of decabromodiphenyl ether with 97% purity in textile industry will grow by 4% over the forecast period. The product along with EVA copolymer and antimony is coated at the back of the textile material to attain the flammability grade outlined for the fabric.
The application of decabromodiphenyl ether market as wires in building & construction industry is expected to exceed US $30 million at the end of 2025. The usage of the product as insulation materials and foamed polyolefins along with membranes and films for under-roof protection as roofing solution, will boost the market growth. Another use of the product is in roof panels and walls made of UPE composites.
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In terms of regional contribution, the North America decabromodiphenyl ether market is majorly driven by the United States and Canada markets would attain approximately 4% gains by 2025. The factors stimulating the growth comprise of growing number of construction projects and product demand for elements like duct covering, commercial grade carpeting, pipes, and insulation materials, cites the report.
Additionally, Europe decabromodiphenyl ether market is expected to accrue US $60 million over the forecast period owing to the demand from France, UK, and Germany. The growing population along with rising mobility solution demand will drive the market growth. However, in 2016, chemicals were indexed in REACH regime by EU, restricting the use of some chemicals in various applications which might limit market growth in the region.