What is Global Brominated Polystyrene (BPS) Market?
The Global Brominated Polystyrene (BPS) Market is a vast and dynamic sector that deals with the production, distribution, and consumption of Brominated Polystyrene. This chemical compound is widely used in various industries due to its unique properties such as high thermal stability and flame retardancy. The market for BPS is global in nature, meaning it spans across different countries and regions, each with its own set of demand and supply dynamics. The market's value was estimated to be around US$ 518.6 million in 2022, and it is projected to grow to US$ 730.6 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2029.
Global Brominated Polystyrene (BPS) Market Outlook:
The Global Brominated Polystyrene (BPS) Market is dominated by a few key players, with the top three companies holding about 72% of the market share. North America is the largest producer of BPS, accounting for around 52% of the global production. This is followed by China and Europe, which account for 25% and 16% of the global production, respectively. In terms of consumption, North America is also the largest market, holding about 28% of the global market share. This is closely followed by Europe and China, which hold around 26% and 23% of the market share, respectively.
| Report Metric | Details |
| Report Name | Brominated Polystyrene (BPS) Market |
| Accounted market size in 2022 | US$ 518.6 million |
| Forecasted market size in 2029 | US$ 730.6 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Lanxess, Albemarle, ICL, Shandong Brother, Shandong Tianyi, Sunris, Shandong Runke, Shouguang Derun |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
