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Global General-Purpose Polystyrene (GPPS) Market Share, Size, Growth, Analysis, Forecast: By Melt Flow Index (gm / 10 min): 3.0, 5.7, 5.8, 9, 16; By Application: Appliances, Stationery, Advertising Boards, CD Jewel Case, Masterbatches, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global General-Purpose Polystyrene (GPPS) Market Outlook
The global general-purpose polystyrene (GPPS) market is expected to grow at a CAGR of 4.10% between 2023 and 2028, driven by rising applications in various end use industries such as packaging, household, and medical, among others.
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Key Trends in the Market
General-purpose polystyrene (GPPS) is defined as a transparent polymer which is obtained by the polymerisation of styrene monomer. The impact strength of this product is low which makes it brittle. In appearance, GPPS is transparent. It is rigid, tasteless, x-ray resistant, odourless, and can easily be processed. It is used for injection moulding and various industrial applications.
- The global general-purpose polystyrene (GPPS) market growth is being propelled by the increasing application of GPPS in the packaging industry owing to its high stiffness and durability. In addition, the thriving e-commerce sector is expected to further propel the demand for GPPS packaging.
- Increasing demand for general-purpose polystyrene (GPPS) in various household products including disposable houseware, cutlery, and utensils, among others, is further bolstering the market growth.
- The rising standards of living and rapid industrialisation across the emerging economies are likely to boost the incorporation of GPPS in the manufacturing of toys, stationery, and various consumer electronics, leading to a heightened growth of the market for general-purpose polystyrene (GPPS) products.
Market Analysis
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Based on melt flow index (gm/10 min), the market can be segmented into 3.0, 5.7, 5.8, 9, and 16. On the basis of application, the market can be classified into appliances, stationery, advertising boards, CD jewel case, and masterbatches, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global general-purpose polystyrene (GPPS) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Ineos Styrolution
- LG Chem
- Zheziang Polymers
- Formosa Plastics
- Supreme Petrochem
- Trienso
- Others
Market Share by Application
The appliances segment, based on application, holds a significant share in the general-purpose polystyrene (GPPS) market. Increasing use of GPPS in manufacturing houseware and cutlery, medical equipment such as petri dishes, food containers, refrigerator containers, and display covers, is propelling the propelling the market numbers.
GPPS is also weather resistant which makes it applicable in toys, stationeries, CD cases, hangers, and various household-related products. In this regard, the rising standards of living and rapid urbanisation are expected to fuel the demand for general-purpose polystyrene (GPPS) in the forecast period. The anticipated increase in the growth of advertising and electrical and electronics sectors are also expected to bolster the dynamics of the market for general-purpose polystyrene.
Market Share by Region
On the basis of region, the Asia Pacific holds a decent share in the market and is expected to witness steady growth in the forecast period. The thriving packaging industry is a major reason propelling the demand for plastics such as GPPS. As general-purpose polystyrene is transparent, stiff, and possess high moldability, it has wide applications in transparent packaging.
The rising sub-urban population across emerging economies such as India and China are further bolstering the demand for general-purpose polystyrene (GPPS) in households, leading to an enhanced general-purpose polystyrene (GPPS) market growth. Furthermore, the strong presence of domestic manufacturers is further fuelling the market.
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Competitive Landscape
Formosa Plastics is a leading chemical manufacturing company headquartered in Taiwan. It is known to produce high-end plastic products such as polyvinyl chloride. This company was founded in the year 1954 and currently caters to the demands for plastic resins and petrochemicals from various industrial sectors.
Supreme Petrochem is a prominent petrochemical company based in Mumbai in Maharashtra, India. The company was founded in the year 1995 and is currently India’s largest producer and exporter of polymer. Around the world, this petrochemical company caters to the demands of around 93 countries.
Trienso is a specialty manufacturing company which is headquartered in Pennsylvania, United States. The company was founded in the year 2010 and is a global provider of materials solutions and manufacturer of latex binders and plastics. It caters to the demands of various end use industries including automotive, consumer goods, building and construction, and personal care, among others.
Other market players include Ineos Styrolution, LG Chem, and Zheziang Polymers, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Melt Flow Index (gm / 10 min) |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global General-Purpose Polystyrene (GPPS) Market Analysis
8.1 Key Industry Highlights
8.2 Global General-Purpose Polystyrene (GPPS) Historical Market (2018-2022)
8.3 Global General-Purpose Polystyrene (GPPS) Market Forecast (2023-2028)
8.4 Global General-Purpose Polystyrene (GPPS) Market by Melt Flow Index (gm / 10 min)
8.4.1 3.0
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 5.7
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 5.8
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 9
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 16
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.5 Global General-Purpose Polystyrene (GPPS) Market by Application
8.5.1 Appliances
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Stationery
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Advertising Boards
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 CD Jewel Case
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Masterbatches
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global General-Purpose Polystyrene (GPPS) Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East & Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America General-Purpose Polystyrene (GPPS) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe General-Purpose Polystyrene (GPPS) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific General-Purpose Polystyrene (GPPS) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Bangladesh
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America General-Purpose Polystyrene (GPPS) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Mexico
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Argentina
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa General-Purpose Polystyrene (GPPS) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 South Africa
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 Nigeria
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Ineos Styrolution
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 LG Chem
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Zheziang Polymers
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Formosa Plastics
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Supreme Petrochem
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Trienso
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global General-Purpose Polystyrene (GPPS) Market: Key Industry Highlights, 2018 and 2028
2. Global General-Purpose Polystyrene (GPPS) Historical Market: Breakup by Melt Flow Index (USD Million), 2018-2022
3. Global General-Purpose Polystyrene (GPPS) Market Forecast: Breakup by Melt Flow Index (USD Million), 2023-2028
4. Global General-Purpose Polystyrene (GPPS) Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global General-Purpose Polystyrene (GPPS) Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global General-Purpose Polystyrene (GPPS) Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global General-Purpose Polystyrene (GPPS) Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America General-Purpose Polystyrene (GPPS) Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America General-Purpose Polystyrene (GPPS) Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe General-Purpose Polystyrene (GPPS) Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe General-Purpose Polystyrene (GPPS) Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific General-Purpose Polystyrene (GPPS) Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific General-Purpose Polystyrene (GPPS) Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America General-Purpose Polystyrene (GPPS) Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America General-Purpose Polystyrene (GPPS) Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa General-Purpose Polystyrene (GPPS) Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa General-Purpose Polystyrene (GPPS) Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global General-Purpose Polystyrene (GPPS) Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.10% in the forecast period of between 2023 and 2028.
The rising applications of GPPS in various end use industries such as packaging, household, and medical, among others, and the growing demand for the downstream products, are the major drivers of the general-purpose polystyrene (GPPS) market.
The key trends in the market include the growing expansion of the e-commerce industry which is fuelling the demand for general-purpose polystyrene (GPPS) as a primary packaging component, and development of improved forms of GPPS.
The segmentation of market based on melt flow index is 3.0, 5.7, 5.8, 9, and 16.
The significant applications of GPPS in the market include appliances, stationery, advertising boards, CD jewel case, and masterbatches, among others.
General-purpose polystyrene (GPPS) is used for the manufacturing of various downstream consumer goods such as toys, cutlery, and medical utensils, among others.
General-purpose polystyrene (GPPS) is made using the process of polymerisation of styrene monomer.
Some of the key characteristics of general-purpose polystyrene is that it is rigid, completely transparent, and highly mouldable.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, are the major regional markets.
Ineos Styrolution, LG Chem, Zheziang Polymers, Formosa Plastics, Supreme Petrochem, and Trienso, among others, are the key market players, according to the report.
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