The research study conducted by Report Ocean on the “ Brominated Epoxy Resin Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Brominated Epoxy Resin Market is valued approximately USD $$billion in 2022 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2023-2030. Brominated epoxy resin is a type of resin that contains bromine atoms within its chemical structure. Epoxy resins are a class of thermosetting polymers commonly used in various industrial applications due to their excellent mechanical and electrical properties. The Brominated Epoxy Resin market is expanding because of factors such as increasing demand for fire-retardant materials and growing demand of printed circuit boards. The addition of bromine to epoxy resin introduces flame-retardant properties, making it suitable for applications where Fire safety is a concern. Brominated epoxy resin is known for its high resistance to heat and flame propagation, making it useful in industries such as electronics, aerospace, automotive, and construction. Its importance has progressively increased during the last few decades.
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According to the Statista, the market value flame retardants worldwide amounted to some USD 8.2 billion in 2021. It is forecast that the market size of this industry will grow to around USD 13.6 billion worldwide in the year 2030. Furthermore, as per American Chemistry Council’s in 2020, fire departments in the United States responded to a fire incident in every 23 seconds. That same year, firefighters responded to an estimated 1.4 million fires that resulted in 3,500 civilian fire fatalities and an estimated USD 29.1 billion in property damage. Another important component driving space increase is demand for printed circuit boards. As per Statista, in 2022, the output volume of printed circuit boards in Taiwan reached about 625 million square feet. Circuit boards, often consist of multiple isolated layers or are double-sided, are the basis that holds electric components and integrated circuits. In addition, the Indian market for printed circuit board assembly has reached USD 16 billion in 2020. Also, rapid industrialization and rising construction activities would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Brominated Epoxy Resin stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Brominated Epoxy Resin Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific dominated the market in 2022 owing to the high demand for electronic devices and the growth of the construction industry. According to the Statista, The Asia-Pacific consumer electronics business accounts approx. USD 257 billion in 2020. North America is expected to grow significantly during the forecast period, owing to geographic expansion of key players, and active participation of government organizations in the market space.
Major market players included in this report are:
Poliya Composite Resins and Polymers, Inc.,
Dow Inc.,
Shell plc,
Mitsui Chemicals Inc.,
Dic corporation,
Dalian Richfortune Chemicals Co., Ltd.,
Olin Corporation,
Novel Chem,
GYC Group,
Chang Chun Group
Recent Developments in the Market:
In March 2023, DOW Inc has launched the Fingerprint DFDA-7555 NT, a bimodal Polyethylene resin for the micro irrigation market. This product is an expansion of the company’s Fingerprint Polyethylene resin line, and it is made utilizing Unipol II process technology. The new Fingerprint grade meets the growing demand for materials that may provide dependable, high-performing, and long-lasting micro irrigation systems that assist to increase water productivity, improve crop yields, and conserve vital resources.
Global Brominated Epoxy Resin Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, End Use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Application
Flame Retardant
Composites
Sealing Materials
Others
By End Use
Electrical and Electronics
Construction
Wind Turbine
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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