Global Brominated Polystyrene Market
Global Brominated Polystyrene Market was valued at USD 568.3 million in 2021 which expected to reach 902.35 million by 2027, at a CAGR 4.87% from 2022-2027.
Brominated polystyrene is present in the form of white granules/powder which contain chemicals like bromine (around 66%), chlorine (≤ 1.5), and other volatile content. It has a melting point of more than 150°C, thus provides excellent thermal stability & flow properties to high-temperature applications such as the production of injection molded products, printed circuit boards, and textile coatings & intumescent paints.
Market Drivers
One of the prominent driving factors expected to stimulate market growth during the forecast period is the multiple applications of brominated polystyrene in plastic manufacturing industry. The global brominated polystyrene market is growing owingto its various applications in the electrical & electronics industry. The growth of the electrical and electronic industry benefits the market for both the markets. The global electrical & electronics industry is growing at a significant rate. Plastics play an important role in the manufacturing of electrical and electronic products. Plastics are used in the industry for applications like connectors, electronic housing components, wire and cable, switches, and printed circuit boards. Since manufacturing process of these products require good thermal stability & resistance, chemicals such as Brominated Polystyrene are largely used for such applications.
Brominated Polystyrene has outstanding thermal stability and electrical performance. It is particularly suitable for engineering plastic applications like polyesters (Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Polycyclohexylene Terephthalate (PCT)) and Polyamide (PA) nylons which has outstanding thermal stability. It is an ideal choice for high temperature applications like engineering plastics.
Market Restraints
Overexposure to brominated polystyrene may cause to neurodevelopmental toxicity, thyroid effects, and other adverse effects on human health. Also, direct contact with Brominated Polystyrene may lead skin corrosiveness, low inhalation, dry eye, respiratory tract mucosal irritation, dizziness, general weakness, nausea and vomiting, suffocation, pneumonia, and pulmonary edema. These concerns about the usage of Brominated Polystyrene are expected to hamper the market growth to some extent.
Market Segmentation
The Global Brominated Polystyrene Market is segmented into type such as igh Molecular weight BPS, Low Molecular weight BPS. Further, market is segmented into application such as Polyamide, Polybutylene Terephthalate, Polyethylene Terephthalate.
Regional Analysis
Also, the Global Brominated Polystyrene Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia Pacific held dominant position in the global brominated polystyrene market followed by North America and Europe. For instance, in June 2020, Tosoh Corporation, a manufacturer of bromine in Japan, expanded its production capacity for bromine for use in flame retardants, medicines, fungicides, and agrochemicals at its Nanyo Complex in Shunan City, Japan. Moreover, the company plans to invest around USD 93 million in the project by 2022 to meet the growing demand for bromine.
Key Players
Gola Sun Technologies, Hainan Zhonxin Chemical Co., Ltd., Qingdao Richchem Co., Ltd., Shandong Runke Chemical Co., Ltd., Shandong Tianyi Chemical Co., Ltd., Wufeng Chicheng Biotech Co., Ltd., Sunris, Novista, etc.
Market taxonomy
By Type
By Application
By Region
Global Brominated Polystyrene Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Brominated Polystyrene Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Brominated Polystyrene Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Brominated Polystyrene Market Share Analysis, By Type
5.3 Global Brominated Polystyrene Market Size and Forecast, By Type
5.3.1 High Molecular weight BPS
5.3.2. Low Molecular weight BPS
6 Global Brominated Polystyrene Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Brominated Polystyrene Market Share Analysis, By Application
6.3 Global Brominated Polystyrene Market Size and Forecast, By Application
6.3.1 Polyamide
6.3.2. Polybutylene Terephthalate
6.3.3. Polyethylene Terephthalate
7 Global Brominated Polystyrene Market, By Region
7.1 Global Brominated Polystyrene Market Share Analysis, By Region
7.2 Global Brominated Polystyrene Market Share Analysis, By Region
7.3 Global Brominated Polystyrene Market Size and Forecast, By Region
8 North America Brominated Polystyrene Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Brominated Polystyrene Market Share Analysis, By Type
8.3 North America Brominated Polystyrene Market Size and Forecast, By Application
8.5 North America Brominated Polystyrene Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Brominated Polystyrene Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Brominated Polystyrene Market Share Analysis, By Type
9.3 Europe Brominated Polystyrene Market Size and Forecast, By Application
9.5 Europe Brominated Polystyrene Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10 Asia Pacific Brominated Polystyrene Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Brominated Polystyrene Market Share Analysis, By Type
10.3 Asia Pacific Brominated Polystyrene Market Size and Forecast, By Application
10.5 Asia Pacific Brominated Polystyrene Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Brominated Polystyrene Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Brominated Polystyrene Market Share Analysis, By Type
11.3 Latin America Brominated Polystyrene Market Size and Forecast, By Application
11.5 Latin America Brominated Polystyrene Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Brominated Polystyrene Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Brominated Polystyrene Market Share Analysis, By Type
12.3 Middle East Brominated Polystyrene Market Size and Forecast, By Application
12.5 Middle East Brominated Polystyrene Market Size and Forecast, By Country
12.65.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
15.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Gola Sun Technologies
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Hainan Zhonxin Chemical Co., Ltd
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Qingdao Richchem Co., Ltd
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Shandong Runke Chemical Co., Ltd
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Shandong Tianyi Chemical Co., Ltd
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Wufeng Chicheng Biotech Co., Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Sunris
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Novista
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
