The global polystyrene market is being driven by polystyrene’s growing demand in the construction and electronics sector. Polystyrene, being a flexible plastic, is used to produce a wide range of consumer products like automotive parts, toys, laboratory products, electronics, etc. Thus, consumer electronics has emerged as a major driving segment for the industry, which is expected to grow at a CARG of 7-10% till 2023.
The Asia Pacific dominates the global market for polystyrene, contributing significantly to the global trade market of the product. In February 2019, Ineos Styrolution, a leading global styrenics supplier, completed the acquisition of two polystyrene sites in China from Total S.A. The company focuses on styrene monomer, polystyrene, ABS Standard, and styrenic specialties and provides the ease of recyclability and compatibility to its consumers. With this acquisition, the company aims at expanding its market in Asia, further making domestic market in China accessible to the company with locally produced materials.
Moreover, with the increasing environmental concern and rising plastic pollution, the demand to reduce plastic waste is on the rise. Thus, the major players in the industry like Total S.A. (NYSE: TOT) and others are focusing on recycling its plastic produce, further reducing the carbon footprint on the environment. Total S.A., a global leader in bioplastics, is the most integrated oil and gas company with worldwide operations, producing fuels, natural gas and low-carbon electricity. In June 2018, Total S.A. announced that it has joined forces with Citeo, Saint-Gobain, and Syndifrais, to create a polystyrene recycling channel in France by 2020. The feasibility of large-scale production will be validated at the Group’s industrial sites in Carling (France) and Feluy (Belgium). All the four players in the polystyrene consumer packaging value chain actively seek a recycling solution that will ensure the development of a circular economy for such products.
Market Breakup by Applications and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global polystyrene market are INEOS Styrolution Group GmbH, Total S.A., Americas Styrenic, Chi Mei Corporation, PS Japan Corporation, Shanghai SECCO Petrochemical Company Limited, Versalis S.p.A, Supreme Petrochem Ltd, and Trinseo S.A., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
"Global Polystyrene Market: By Applications: Packaging and One-Time Use, Consumer and Institutional, Electrical and Electronic, Building and Construction, Resellers and Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); Global Polystyrene Price Analysis; Global Polystyrene Trade Data Analysis (HS Code: 390319); SWOT Analysis; Porter’s Five Forces Analysis; Value Chain Analysis; Procurement Strategy; Cost Analysis and Project Economics; Competitive Landscape & Supplier Analysis; Events and Developments"
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Poly-vents refer to the membrane composed of polymer materials that can be polypropylene with enhanced perforated glass fibre or ePTFE (Polytetrafluoroethylene). The materials used for poly-vents shou...
Polymer binders refer to valuable building and coating raw materials. They are mainly used to repair and improve mortar characteristics, skim coat applications, for decorative mortar and waterproofing...
The rapid growth in the automotive industry has increased the market demand for polyetherimides. The commodity is used in the manufacture of automobile interior parts, handles, pistons, bezels, electr...
The global inorganic fibre market is expected to grow in the forecast period of 2020-2025 at a CAGR of 6%. The North America region dominates the industry. The inorganic fibre market in North America ...
The Asia Pacific is a significant supply as well as consumer market. The region has a large consumer base for super absorbent polymer. The region is a major exporter of the product with China, the Rep...