Saturday, March 2, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Metal Mining and Chemicals Chemicals Rise in Safety Standards in Building Construction Expected to Drive Global Pentabromotoluene...

Rise in Safety Standards in Building Construction Expected to Drive Global Pentabromotoluene Market: Ken Research

Pentabromotoluene (PBT) is fragment of a group of brominated and chlorinated flame retardants. It has molecular formula as C7 H3 Br5. It is also primarily known as Benzene, pentabromomethyl- (9CI) and Toluene.It has potential to undertakea long-range transportation and is predicted to be a degradation product of Decabromodiphenylethane (DBDPE) and 2, 4, 6-Tetrabromobisphenol A (TBBPA) as well as fairly persistent.

PBT exhibitsthe physical and chemical properties analogous to other persistent organic pollutants, and have been used as a flame retardants over the several decades. It is also used over the formulation of glass reinforced unsaturated polyester compounds which are used for the electrical applications as flame retardant in bulk moulding compounds. Toluene is observed as an aromatic compound due to presence of benzene ring in its chemical structure. Toluene shows beta-oxidant, calming, hepatoprotective, painkilling, and neurotransmitter purposes. It is also used in industries as a solvent in glues, paint thinners, nail polish removers, and correction fluids. In addition, it is also used in explosives industry for the manufacture of flammable & explosive compounds, such as Trinitrotoluene (TNT) and in manufacturing of hair dyes and cosmetic nail products.

According to study, “Global Pentabromotoluene Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global pentabromotoluene market areAlbemarle, Lanxess, ICL-IP, Jordan Bromine, Great Lakes, Tosoh, Qingdao Haihua, Xinfeng Chemical, TCI, Sigma-Aldrich, Hairui Chemical and Wubei-Biochem.

Based on product type, pentabromotoluene market is segmented into purity 99%, purity 98%, purity 97%, purity 95% and others. Based on application, market is segmented into raw material to synthesize high polymer flame retardant and high efficient bromine department flame retardant. In addition, based on end-use industries, market is segmented into electronics & appliances, building & construction, wires & cables, textiles, automotive & transportation, and other end-use industries.

The pentabromotoluene market is driven by high demand from current & emerging applications, followed by rise in advancement in technology, increase in demand from emerging economies, rise in new regulatory guidelines for reducing toxic chemicals, surge in infrastructure activities, rise in safety standards in building construction, growth in consumer electrical & electronic goods manufacturing and increase in security measures. However, increase in prices of flame retardant chemicals may impact the market. Moreover, growth in construction, automotive, and other major end use industries is a key opportunity for market. Furthermore, rise in awareness on environment-friendly flame retardants is a major supportive trend for the market growth. Owing to the rise in demand based on the industrial and infrastructural sector, production of paints and coatings coupled with coatings manufacturers setting up the newer plants over the different parts of globe.

Based on geography, the Asian-Pacific region holds major share in pentabromotoluene market owing to increase in foreign investment coupled with growth in the chemicals and automobile industry in the region. Whereas, the North-American and European regions are estimated to witness higher growth rate due to increase in end-user markets over the forecast period. In upcoming years, it is predicted that future of the market will be optimistic as a result of increase in fire safety regulations during the forecast period.

For More Information, click on the link below:-

Global Pentabromotoluene Market Research Report

Related Reports:-

Pentabromotoluene Market Research: Global Status & Forecast by Geography, Type & Application (2015-2025)

Global Pentabromotoluene Market Analysis 2013-2018 and Forecast 2019-2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

RELATED ARTICLES

The Bauxite Mining Market Trends, Challenges and Opportunities

Understanding Bauxite Mining Dynamics Bauxite mining, a crucial component of the aluminum supply chain, plays a pivotal role in various industries worldwide. Let's explore the...

Exploring the Global Iron Ore Mining Market Revenue and Major Players

Introduction The Global Iron Ore Mining Market is a crucial sector in the industrial landscape, supplying the raw material essential for various industries, particularly steel...

The Gold Mining Industry Insights, Trends, and Statistical Overview

The gold mining sector, renowned for its historical significance and enduring allure, continues to be a pivotal player in the global economy. As the...

Most Popular

Retail Banking Market Trends and Global Industry Analysis by Market Size

The retail banking sector has been a cornerstone of financial services for decades, serving as the primary interface between banks and individual consumers. In...

Exploring the Mobile Broadband Market in 2024

Mobile broadband, the ubiquitous technology that allows us to connect to the internet on the go, has become an indispensable part of modern life....

Global Theater Industry Trends, Players, and Future Projections

The magic of the silver screen endures, and the theater market continues to captivate audiences globally. In 2024, the industry is not just surviving...

Evolving Eye Care Market Size, Share, Revenue and Market Trends

The eye care market, valued at a staggering USD 213.94 billion in 2023, is poised for continued expansion, expected to reach USD 322.28 billion...