Brominated Polystyrene Market
The global brominated polystyrene market is estimated to be valued at USD 496.6 Mn in 2024 and is expected to reach USD 808.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. The global brominated polystyrene market has witnessed significant growth over the past few years due to growing applications in flame retardant and plastic additive industries. Brominated polystyrene acts as an effective flame-retardant agent used in various end-use industries such as construction, electronics, automotive, and furniture.
Market Dynamics:
The global brominated polystyrene market is primarily driven by its wide application in the flame retardant industry. Growing fire safety concerns and stringent fire safety norms have increased the demand for flame retardants from various end-use industries. Brominated polystyrene demonstrates effective flame-retardant properties without compromising on mechanical and electrical properties of materials. This has boosted its adoption in wire & cable insulation, plastic additives, printed circuit boards, and electronics components. Moreover, flourishing electronics and automotive industries worldwide are also fueling the product demand. However, environmental and health hazards associated with brominated compounds hamper the market growth. Nonetheless, ongoing R&D activities to develop eco-friendly brominated flame-retardant solutions are expected to create new opportunities in the coming years.
Key Features of the Study:
- This report provides in-depth analysis of the global brominated polystyrene market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global brominated polystyrene market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include CL Group Ltd., Albemarle Corporation, Chemtura Corporation, BASF SE, Lanxess AG, Olin Corporation, Kdf Polymers, Shandong Hongyu New Material Co., Ltd., Jiangsu Shunfeng Chemical Co., Ltd., Zibo Qixing New Material Co., Ltd., Huber Engineered Materials, and Solvay SA
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global brominated polystyrene market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global brominated polystyrene market
Market Segmentation
Table of Contents
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