PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1674221
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1674221
Global Brominated Polystyrene Market is estimated to be valued at USD 533.4 Mn in 2025 and is expected to reach USD 879.8 Mn by 2032, growing at a compound annual growth rate (CAGR) of 7.4% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 533.4 Mn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 7.40% | 2032 Value Projection: | USD 879.8 Mn |
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.
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.
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 (2025-2032), considering 2024 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