Polystyrene Market Expected to Retain Dominance & Grow at an Encouraging CAGR to 2022 | Latest Trends, Analysis, Size, Share and Forecast for next 5 Years

Polystyrene Market
The polystyrene market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product.

Polystyrene Market Overview to 2022

The global polystyrene market is growing with the impulsive pace; mainly due to expanding electronics and packaging industries. According to a recent study report published by the Market Research Future, the global market of polystyrene is prospering and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023). 

Polystyrene is an economical and hard plastic in form of solid or foamed. Polystyrene has found numerous application such as automotive industry, electronics, thermal insulation industries, pharmaceuticals, consumer industry, packaging industry, construction industry. Polystyrene can easy to recycling this can be an opportunity for the expanded polystyrene industry. Furthermore, polystyrene is a non-biodegradable it takes a lot of years to decompose. Polystyrene cause great harm to the environment in the form of water, air, and land pollution. Polystyrene have the toxic elements such as styrene and benzene, suspected carcinogens and neurotoxins which cause to hazardous to humans it also cause the ozone depletion and on global warming.

Key players of the global high Polystyrene market are Synthos S.A (Europe), Kaneka Corporation (Japan), Saudi Basic Industries Corporation (Saudi Arabia), INEOS Capital Limited. SA (Switzerland), NOVA Chemicals (UK), Trinseo S.A (US), Chevron Phillips Chemical Company (US), and others.

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Some Major Points From TOC

  1. Company Profiles

10.1 Synthos S.A

10.1.1 Company Overview

10.1.2 Product/Business Segment Overview

10.1.3 Financial Updates

10.1.4 Key Developments

10.2 Kaneka Corporation

10.2.1 Company Overview

10.2.2 Product/Business Segment Overview

10.2.3 Financial Updates

10.2.4 Key Developments

10.3 Saudi Basic Industries Corporation

10.3.1 Company Overview

10.3.2 Product/Business Segment Overview

10.3.3 Financial Updates

……to be continue……

Competitive Analysis

Polystyrene is an economical and hard plastic in form of solid or foamed. Polystyrene has found numerous application such as automotive industry, electronics, thermal insulation industries, pharmaceuticals, consumer industry, packaging industry, construction industry. Polystyrene can easy to recycling this can be an opportunity for the expanded polystyrene industry.

Segmentation Analysis

The global polystyrene market is majorly segmented on the basis of types, end user, and region. Based on types of polystyrene the market is segmented into GPPS, HIPS, EPS, XPS, and others. Based on end user the market segmented into automotive industry, electronics, thermal insulation industries, pharmaceuticals, consumer industry, packaging industry, construction Industry, and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.

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Regional Analysis    

In the APAC region, China is the largest market in APAC due to increase in demand of packaging industry, electronics industry and automotive industry followed by India. Europe followed by Latin America and North America are the other potential markets for polystyrene. North America has reached its saturation point in global polystyrenemarket and therefore its market growth will be steady in coming few years. While Europe will witness a rise in the market due to the increase in demand of pharmaceutical industries, Latin America will be growing market due to construction industry. 

 

 

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