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Germany decabromodiphenyl ether (decaBDE) market to record appreciable growth over 2019-2025

Publisher : Fractovia | Published Date : 2019-06-26Request Sample

Decabromodiphenyl ether (decaBDE) market is slated to amass commendable gains in the upcoming years owing to increasing demand for high performance chemicals across a plethora of industries such as construction, electronics, plastics, and electrical. According to a research report by Global Market Insights Inc., decabromodiphenyl ether market is projected to exceed USD 430 million by the year 2025.
 

U.S. 83% Purity Decabromodiphenyl Ether Market Size, By Material, 2018 & 2025, (Kilo Tons)
U.S. 83% Purity Decabromodiphenyl Ether Market Size, By Material, 2018 & 2025, (Kilo Tons)

 

Decabromodiphenyl ether is known to possess exceptional chemical resistance and can delay ignition to avert the spread of fire. Decabromodiphenyl ether is a key ingredient in fire retardant materials. Surging cases of fire accidents have amplified flame retardant demands, thereby fueling decabromodiphenyl ether market share.
 

Flame retardants are widely deployed in electrical and electronic gadgets, transportation, wires & cables, factories, buildings, and construction sites. In a recent turn of events, Canada's largest oil refinery was ripped due to fire outbreak and explosion at the site. Rising occurrences of such accidents should stimulate decaBDE market growth.
 

Growing investments by government and private organizations in the construction sector is likely to boost decaBDE market size. Across the ASEAN (Association of South East Asian nations) there is a large huge gap between the demand and supply of housing, in consort with the colossal need for commercial real estate & infrastructure, which is anticipated to drive construction market growth in the region.
 

Flame retardants are incorporated in construction materials for increasing the threshold temperature at which a material ignites, reducing the rate at which a material burns, and minimizing the spread of fires. An upsurge in the demand for construction chemicals is bound to propel construction chemicals market, which will in turn, impel decaBDE market share.
 

Based on material, decabromodiphenyl ether market is bifurcated into Polyolefins, ABS, Polyvinylchloride, Polyurethane, and Polypropylene. DecaBDE market size from polyolefins is estimated to accrue significant returns by 2025.
 

Germany decaBDE market is projected to register appreciable gains between 2018 to 2025, exhibiting a growth rate close to four percent. Decabromodiphenyl ether demand in Germany is primarily driven by the expanding energy infrastructure in the region. On account of its features such as compatibility with plastics, robust insulation capacity, and affordability, polyolefins wires & cables are deployed across commercial and residential structures in Germany.
 

For instance, Germany has recently installed the world’s longest power cable network linking electricity grids between Norway and Germany. This project is predicted to offer numerous growth opportunities to decabromodiphenyl ether market partakers. Estimates claim Germany 97% decaBDE market size from polyolefins wires & cables to register a CAGR of 4% over 2019-2025.
 

Asia Pacific, which is constantly witnessing high demand for commercial and residential buildings due to rapid urbanization, is projected to be a vital regional contributor in the upcoming years. The emerging economies of Japan, India, and China will act as major growth drivers for decabromodiphenyl ether market in the region.
 

China decabromodiphenyl ether market has emerged as a leading regional contributor, majorly propelled by the increasing usage of polypropylene in construction activities. China 83% decaBDE market size from polypropylene buildings & construction applications is estimated to expand at a CAGR of 4% between 2019-2025 – reason being polypropylene reduces heat transfer, restricts damage against extreme climatic conditions, and augments energy efficiency of the structure.
 

Technological enhancements and introduction of newfangled products to better suffice customer needs will further advance market size. However, stringent regulatory outlook and government regulations limiting the use of decaBDE, will hamper decabromodiphenyl ether industry growth to some extent. For instance, under the European Union’s proposal to regulate decabromodiphenyl ethers, EU bans the use of decaBDE as a substance and limits the amount of decaBDE to be used in articles to 0.1 percent, with effect from March 2019.
 

Owing to active participation and R&D initiatives from key market players such as Toronto Research Chemicals, Acuro, Shandong Haiwang Chemical, Tosh Corporation, and Suli, decabromodiphenyl ether industry is slated to witness lucrative proceeds in the near future. The growing product adoption across various geographies, including Germany and China, depicts the broad commercialization scope of decaBDE market in the ensuing years.

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