{"id":535788,"date":"2021-03-26T23:24:01","date_gmt":"2021-03-26T23:24:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=535788"},"modified":"2021-03-26T23:24:01","modified_gmt":"2021-03-26T23:24:01","slug":"polystyrene-market-size-worth-usd-3521-billion-by-2027-growing-demand-from-the-construction-industry-reports-and-data","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/polystyrene-market-size-worth-usd-3521-billion-by-2027-growing-demand-from-the-construction-industry-reports-and-data_535788.html","title":{"rendered":"Polystyrene Market Size Worth USD 35.21 Billion By 2027, Growing Demand from the Construction Industry | Reports and Data."},"content":{"rendered":"
\"Polystyrene<\/a><\/p>\n
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Polystyrene Market <\/div>\n<\/div>\n<\/div>\n
The polystyrene market is projected to grow at a rate of 3.3% in terms of value, from 2019 to reach USD 35.21 Billion by 2027. Polystyrene is produced by the polymerization of styrene, a building block material having widespread usage in producing various kinds of plastic products.<\/p>\n<\/div>\n

Increasing demand for polystyrene from the construction industry is one of the significant factors influencing market growth.<\/strong><\/p>\n

Market Size – USD 26.06 billion in 2018, Market Growth – CAGR of 3.3%, Market Trends – Increasing adoption of expanded polystyrene<\/em><\/strong><\/p>\n

The global Polystyrene Market<\/strong><\/a> is expected to reach USD 35.21 Billion by 2027, according to a new report by Reports and Data. Polystyrene is produced by the polymerization of styrene, a building block material having widespread usage in producing various kinds of plastic products.<\/p>\n

Blocks made of polystyrene are implemented in the construction of buildings for providing permanent insulation for walls of buildings along with the roofs and floors. The distinctive feature of stacking and then filling the forms with concrete, of these blocks, allow for faster and cheaper construction of buildings (including residential, commercial, and industrial construction projects) as compared to typical brick and mortar buildings. Moreover, the block system aids in saving labor and time consumed in the completion of the project and the total construction costs.<\/p>\n

Polystyrene is a sturdy material, which makes it a preferred material for electrical insulation. It is considered safe for packing various kinds of products and is moisture resistant. Polystyrene can be colored, painted, and printed on, making it a suitable alternative for packaging. The packaging of food in polystyrene is considered to be more hygienic instead of plates that are reused after being washed and hence, disposable and reusable containers find extensive application in the food & beverage industry packaging of perishable items. Also, to safeguard the delicate items packed in boxes, packaging industries deploy several polystyrene materials. Polystyrene can be effortlessly molded to fit products comprising glassware, electronics, and chemicals to avert breakage.<\/p>\n

Key participants include BASF SE, Versalis SPA, SABIC, Synthos SA, Kaneka Corporation, The Ravago Group, LG Chem, Formosa Chemicals & Fibers Corp., Ineos Styrolution Group GmbH, and Trinseol, among others.<\/strong><\/p>\n

Get a sample of the report @ <\/strong>https:\/\/www.reportsanddata.com\/sample-enquiry-form\/2407<\/strong><\/a><\/p>\n

Further key findings from the report suggest<\/span><\/strong><\/p>\n