Global Decabromodiphenyl Ethane (DBDPE) Market Analysis of Sales, Revenue, Share and Growth Rate to 2022
The global Decabromodiphenyl Ethane (DBDPE) market is expected
to witness significant growth over the forecast period owing to its rising
applications from end user industries including automotive, chemical, paint
& coating, and oil & gas. Furthermore, growing awareness among
companies regarding its characteristic of being a flame retardant has enabled
the market to anticipate high demand over the next eight years. In addition,
the increasing use of DBDPE in end user industries for having a high bromide
content and good thermal stability makes it a favorable chemical, thus
propelling the sector growth over the forecast period. Decabromodiphenyl Ethane
constitutes good UV and high-temperature resistant properties, which enables it
to be used for applications requiring color stability, and thus driving the
DBDPE sector demand over the next eight years. Rising technological
advancements coupled with increasing applications from paint & coating
industry as an important engineering resin and styrene polymer support the
market to witness substantial growth over the forecast period.
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The Decabromodiphenyl Ethane (DBDPE) market is highly competitive
primarily to the presence of several domestic and international suppliers.
Though, the sector has the presence of various new players, who face difficulty
in competing with other major companies in terms of functionalities, features,
quality, and services. Over the forecast period, the growing new product
development activities coupled with increasing adoption of new technologies for
achieving operational efficiency has enabled the competition to become more
aggressive. On a contrary, few major players through continuous R&D
endeavors coupled with growing expertise knowledge in the industry have enabled
them to witness competitive edge, thus propelling the overall growth of the sector
over the next eight years.
North America and Europe are anticipated to witness major market
share over the forecast period owing to the growing applications from end user
industries including chemical, automotive and oil & gas majorly due to its
high-temperature resistant properties. Particularly, the UK, Germany, Italy,
France and the US are projected to account for growth in the region primarily
due to rising rapid technological advancements used for achieving high
operational efficiency coupled with growing demand for color stabilizer resins,
thus enabling the regions to anticipate augmented demand by 2024.
Asia Pacific is anticipated to account for fastest growth over the
forecast period primarily due to the growing adoption of DBDPE as a flame
retardant and increasing awareness regarding its favorable emission properties.
India, China, and Japan are anticipated to witness the highest share in the
region majorly owing to the rising disposable income coupled with growing
foreign investments. The Middle East & Africa is projected to see significant
growth by 2020 mainly owing to increasing urbanization, industrialization, and
globalization. The sector has huge potential in this region primarily owing to
rising per capita income and foreign investments.
The market is highly consolidated having more than 40% market
share by key players. The major companies generally tend to collaborate with
smaller companies to increase market share and thus gaining competitive
advantage. These market players through continuous R&D endeavors focus on
building a wide distribution network that supports the overall market to report
significant growth over the forecast period. Companies through strategic
expansions and mergers & acquisitions have been trying to cater large
volume of customers with products that are cost-effective and high quality.
This report covers each aspect of the global market for
Decabromodiphenyl Ethane (DBDPE), beginning from the basic market information
and progressing further to several significant criteria, based on which, the
sector is segmented. Key application areas of the market are also evaluated on
the basis of their performance. The Decabromodiphenyl Ethane (DBDPE) industrial
chain, prevailing policies, and rules & regulations are studied in this
report. The report also assesses the dynamics of demand and supply, production
capacity, logistics, and the historical performance of the Decabromodiphenyl
Ethane (DBDPE) globally.
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