Global Polystyrene Market 2018: Polystyrene Industry Analysis to 2022
A synthetic polymer that is in huge demand across various industries for production purposes is polystyrene. Industrial applications require polystyrene. Therefore, it is always in demand somewhere, and there is a guarantee of its market to remain active and grow steadily. The only thing that can impact, polystyrene market is that fact that polystyrene is not biodegradable. It takes a long time to decompose and causes air pollution, water pollution, and land pollution. It also carries toxic elements like benzene and styrene. Air pollution caused by polystyrene also hurts the ozone layer which is resulting in hazardous global warming.
Polystyrene Market- Top 10 Global key Players & Their Strategy
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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Polystyrene Market – Study Objectives:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Polystyrene Market
- To understand the supply and demand dynamics including supply and consumption concentration mapping
- To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
- To provide competitor positioning of the market
- To provide company profiling of major players in the market along with their production and capacity
- To provide regional trade analysis
- To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market
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.
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.
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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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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