Insights into the Future: Bromine Flame Retardant Market Forecasted to Grow at 5.9% CAGR by 2034
According to Future Market Insights (FMI), the global bromine flame retardant (BFR) market value is predicted to increase from USD 2,399.5 million in 2024 to USD 4,264.0 million by 2034. Over the forecast period, global demand for bromine flame retardant (BFR) is projected to surge at a CAGR of 5.9%.
Increasing awareness and stringent regulations regarding fire safety is expected to propel demand for bromine flame-retardant materials. Technological advancements lead to developing more efficient and environmentally friendly flame retardants, driving the BFR market growth.
The booming construction, automotive, and electronics industries are further contributing to the market expansion. The bromine flame retardant market finds extensive utilization across various end-use industries, including electronics, construction, automotive, textiles, and aerospace.
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