The numerous uses of brominated polystyrene in the plastic production industry are one of the major reasons anticipated to boost market growth over the forecast period. The substance known as brominated polystyrene (BPS) is a white granule or powder that contains compounds like bromine (about 66%), chlorine (about 1.5), and other volatile components. Given that it has a melting point greater than 150 °C, it offers outstanding thermal stability and flow qualities for high-temperature processes like the manufacture of injection-molded items, printed circuit boards (PCBs), textile coatings, and intumescent paints. Outstanding thermal stability and electrical performance are provided by brominated polystyrene. It is especially well suited for engineering plastic applications, such as nylons made of polyamide (PA) and polyesters made of polyethylene terephthalate (PET), polybutylene terephthalate (PBT), and polycyclohexylene terephthalate (PCT), which have exceptional heat stability. For high temperature applications like engineering plastics, it is the best option. During the projection period, a considerable growth rate in the brominated polystyrene (BPS) market for the chemical sector is anticipated.
According to Coherent Market Insights, by the end of 2028, it is anticipated that the global market for Brominated Polystyrene will have generateda more than US$ 905.03 million in sales, with a CAGR of 6.3% from 2021 to 2028.
Key Competitors in the Brominated Polystyrene Industry:
1. Lanxess
The business was established in 2004 and has its main office in Cologne, Germany. The Company's primary business activities include the development, production, and sale of speciality chemicals, intermediates, and polymers and rubber. Lanxess finalised the US$1.3 billion acquisition of the microbial control division of International Flavours & Fragrances in July 2022. Brazil's Itibanyl Produtos Especiais Ltda. (IPEL), a producer of biocides, was purchased by Lanxess in February 2020.
2. Oceanchem Group Limited
The firm was founded in 1950 and is based in China. Oceanchem provides chemicals and raw materials to a variety of global businesses. The production of industrial organic compounds is a business activity for the company.
3. Qingdao Richchem Co., Ltd.
The company was started in 2011 and has its main office in China. The Business is a high-tech, fine chemical company that specialises in developing and supplying flame retardants and intermediates. The business produces many chemicals, including potassium perchlorate, sodium chlorate, and sulphur.
4. Shandong Runke Chemical Co., Ltd.
The business was founded in 2006 and is located in China. The business also creates polyvinyl chloride processing aids, acrylate impact modifiers, and other items in addition to developing, producing, and selling chemical products.
5. Shandong Tianyi Chemical Co., Ltd.
The company was founded in 2004 and has its main office in Weifang, Shandong. Chemical items are produced and distributed by the business. The company manufactures functional monomers, flame retardants, and various bromides. Japan, South Korea, India, Europe, and other nations and regions are among the destinations for Shandong Tianyi Chemical's exports.
6. Shandong Xurui New Materail Co., Ltd
The company was founded in 2006 and is based in China. The business produces and retails chemicals. The business manufactures various chemical products in addition to chlorinated polyvinyl chloride and chlorinated polyethylene.
7. Novista
The firm was founded in 2011 and has its main office in China. Novista concentrates on the R&D, production, and marketing of polymers and plastic additives. The company works in the construction material, paint and coating, electronics, automotive, plastic and polymer processing, among other industries.
*Definition: The manufacture of polymers, resins, engineering plastics, and brominated flame retardants are only a few uses for brominated polystyrene. Organic bromine compounds known as brominated flame retardants (BFRs) have an inhibitory influence on combustion chemistry and tend to make things less flammable.
