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