The global brominated polystyrene market is growing due to its various applications in the electrical and electronics industry. The growth of the electrical and electronic industry benefits the market for both the markets. The global electrical and electronics industry is growing at a significant rate. Plastics play a crucial role in the manufacturing of electrical and electronic products. Plastics are used in the industry for applications such as connectors, electronic housing components, wire & cable, switches, and printed circuit boards. Since manufacturing process of these products require good thermal stability and resistance, chemicals such as BPS are largely used for such applications.

For instance, advantageous properties of BPS such as higher melting point coupled with government regulations on controlling emissions from automobiles are factors influencing OEMs to use chemicals such as BPS in the manufacture of automotive plastic components. Also, the need for reducing fire risks arising due to heat generation and overheating of the engine or due to electrical overload/shorting, etc. is driving the demand for BPS. Thus, almost all plastic parts in an automobile must exhibit good flame-retardant properties, which in turn is expected to boost the market growth for BPS over the forecast period.

Plastics play a significant role in the construction industry, especially for applications such as roofing, insulation, wall coverings, windows, piping, and fences. Plastics are not only aesthetically pleasing, lightweight, and low in cost, but are also functionally efficient. Rapid urbanization is expected to boost demand for various thermally stable plastic products for building construction, thereby driving demand for flame retardants like BPS. Thus, a significant increase in urbanization is expected to further fuel demand for BPS in the near future.

The bromine industry along with its value chain focuses on technological innovations to address the restrictions on the use of brominated flame retardants. The development of a recycling system of brominated flame-retardant-laden polystyrene is one such initiative undertaken by the key players operating in this market.

Key features of the study:

• This report provides in-depth analysis of food grade calcium chloride market, and provides market size (US$ Million and Tons) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global food grade calcium chloride market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Lanxess, ICL, Gola Sun Technologies, Hainan Zhonxin Chemical Co., Ltd., Oceanchem Group Limited, Qingdao Richchem Co., Ltd., Shandong Runke Chemical Co., Ltd., Shandong Tianyi Chemical Co., Ltd., Shandong Xurui New Materail Co., Ltd., Wufeng Chicheng Biotech Co., Ltd., Sunris, and Novista
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global food grade calcium chloride market report caters to various stakeholders in this industry including investors, suppliers, extruded aluminum profiles manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food grade calcium chloride market

Detailed Segmentation:

• Global Brominated Polystyrene Market, By Type:
  • High Molecular Weight Brominated Polystyrene
  • Low Weight Brominated Polystyrene
• Global Brominated Polystyrene Market, By Application:
  • Polyamide
  • Polybutylene Terephthalate
  • Polyethylene Terephthalate
  • Others
• Global Brominated Polystyrene Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • U.K.
      • Germany
      • Italy
      • Spain
      • Russia
      • France
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Australia
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • Lanxess
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • ICL
  • Gola Sun Technologies
  • Hainan Zhonxin Chemical Co. Ltd.
  • Oceanchem Group Limited
  • Qingdao Richchem Co. Ltd.
  • Shandong Runke Chemical Co. Ltd.
  • Shandong Tianyi Chemical Co. Ltd.
  • Shandong Xurui New Material Co. Ltd.
  • Wufeng Chicheng Biotech Co. Ltd.
  • Sunris
  • Novista

 “*” marked represents similar segmentation in other categories in the   respective section.