Reports
Sale
Global High-Impact Polystyrene (HIPS) Market Forecast: By Melt Flow Index (gm/10 min): 3.0, 5.5, 8.0, 8.5, 9, 10, Others; By Application: Appliances, Toys, Electrical & Electronics, Stationery Disposables, Masterbatches, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global High-Impact Polystyrene (HIPS) Market Outlook
The global high-impact polystyrene (HIPS) market is expected to grow at a CAGR of 5.40% between 2024 and 2032, driven by the versatility of (HIPS), and rising applications the in food service industry.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Key Trends in the Market
High-impact polystyrene (HIPS), also referred as polystyrene, is a thermoplastic material which can be made in several grades, colours, and sizes. HIPS is versatile, stiff, with high tensile strength. It is used in low heat applications with applications in various industrial and commercial sectors as it is easy to mould and fabricate.
- The global high-impact polystyrene market growth is being propelled by the versatility of HIPS which makes it applicable in number of industries. It has a high tensile and impact strength, along with easy manufacturability, which is a major advantage.
- The heightened demand for high-impact polystyrene in the automotive industry to manufacture gas tanks is a crucial market driving factor. With increase in production of vehicles, the demand for HIPS will consequently rise.
- The increasing application of high-impact polystyrene in the food delivery industry is another crucial market propelling factor. It is ideal for producing drinking cups owing to its high tolerance to hot or cold liquid. Over the forecast period, the anticipated increase in expansion of the food and beverage industry is expected to bolster the high-impact polystyrene market growth.
Market Analysis
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on melt flow index (gm/10min), the market can be segmented into 3.0, 5.5, 8.0, 8.5, 9, and 10, among others. On the basis of application, the market can be classified into appliances, toys, electrical & electronics, stationery disposables, 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 high-impact polystyrene (HIPS) 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
High-impact polystyrene (HIPS) is a highly versatile product which has applications across various end use industries, among which, the appliances segment accounts for a significant share. HIPS is used to make appliances used in industries such as automotive, construction, and printing, among others, which is a major driving factor of the high-impact polystyrene (HIPS) market.
Additionally, HIPS is used in the manufacturing of point-of-sale displays, printed graphics, models, tools, and prototypes, fixtures, and kiosks which are witnessing a heightened demand owing to the thriving retail and packaging industry. HIPS is an excellent insulator and can be processed easily, which also makes it applicable in the electrical and electronics industry. Over the forecast period, the anticipated increase in application of high-impact polystyrene in high-end electronics such as television, is expected to escalate the market numbers.
Market Share by Region
Based on region, Asia Pacific holds a healthy share in the high-impact polystyrene (HIPS) market. The growing expansion of end use industries of HIPS, including automotive, construction, and electrical and electronics, in emerging economies, such as India and China, is a major market driver. High-impact polystyrene is also used in the manufacturing of gas tanks of automobiles. In this regard, the increasing sale of passenger and commercial cars is further propelling the product’s demand in this region. The presence of local manufacturers, especially in the South Asian region, is another key driving factor for the market for high-impact polystyrene.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Competitive Landscape
Ineos Styrolution is a leading chemical products manufacturing company which was founded in the year 2011 and headquartered in Frankfurt, Germany. A top supplier of styrenics globally, the company focuses on an innovative approach that prioritises research and development excellence. Ineos Styrolution provides chemical solutions to various end use industries including electronics, automotive, construction, households, and healthcare, among others.
LG Chem, headquartered in Seoul, South Korea, is one of the world’s largest chemical companies. The company was founded in 1947 and has a vast portfolio that comprises of petrochemicals, batteries, life sciences, and advanced materials. LG Chem produces petrochemicals and specialty polymers which are high in demand across the industrial sector.
Zheziang Polymers was established in the year 1989 and is a prominent engineered products manufacturer and marketer. Production of polymers is one of the key areas of this company and caters to the demands of various end use industries including automobile, aerospace, electrical and electronics, and interior products, among others. Zheziang Polymers is currently headquartered in Xinchang, China.
Other market players include Formosa Plastics, Supreme Petrochem, and Trienso, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global High-Impact Polystyrene (HIPS) Market Analysis
8.1 Key Industry Highlights
8.2 Global High-Impact Polystyrene (HIPS) Historical Market (2018-2023)
8.3 Global High-Impact Polystyrene (HIPS) Market Forecast (2024-2032)
8.4 Global High-Impact Polystyrene (HIPS) 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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 5.5
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 8.0
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 8.5
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 9
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2023)
8.4.5.3 Forecast Trend (2024-2032)
8.4.6 10
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2023)
8.4.6.3 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global High-Impact Polystyrene (HIPS) Market by Application
8.5.1 Appliances
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Toys
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Electrical & Electronics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Stationery Disposables
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Masterbatches
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global High-Impact Polystyrene (HIPS) Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East & Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America High-Impact Polystyrene (HIPS) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe High-Impact Polystyrene (HIPS) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific High-Impact Polystyrene (HIPS) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Bangladesh
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America High-Impact Polystyrene (HIPS) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Mexico
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Argentina
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa High-Impact Polystyrene (HIPS) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 South Africa
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 Nigeria
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
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 High-Impact Polystyrene (HIPS) Market: Key Industry Highlights, 2018 and 2032
2. Global High-Impact Polystyrene (HIPS) Historical Market: Breakup by Melt Flow Index (USD Million), 2018-2023
3. Global High-Impact Polystyrene (HIPS) Market Forecast: Breakup by Melt Flow Index (USD Million), 2024-2032
4. Global High-Impact Polystyrene (HIPS) Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global High-Impact Polystyrene (HIPS) Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global High-Impact Polystyrene (HIPS) Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global High-Impact Polystyrene (HIPS) Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America High-Impact Polystyrene (HIPS) Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America High-Impact Polystyrene (HIPS) Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe High-Impact Polystyrene (HIPS) Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe High-Impact Polystyrene (HIPS) Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific High-Impact Polystyrene (HIPS) Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific High-Impact Polystyrene (HIPS) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America High-Impact Polystyrene (HIPS) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America High-Impact Polystyrene (HIPS) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa High-Impact Polystyrene (HIPS) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa High-Impact Polystyrene (HIPS) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global High-Impact Polystyrene (HIPS) Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.4% in the forecast period of between 2024 and 2032.
The versatility of high-impact polystyrene (HIPS), thriving end use industries including appliances, automotive, and construction, and rising application of HIPS in the food service industry, are the major drivers of the high-impact polystyrene (HIPS) market.
The key trends in the market include the growing demand for durable and strong polymers in the packaging industry and increasing developments in HIPS production with new variations.
The different segments of the market for high-impact polystyrene (HIPS) based on melt flow index (gm/10min) are 3.0, 5.5, 8.0, 8.5, 9, and 10, among others.
Appliances, toys, electrical & electronics, stationery disposables, and masterbatches, among others, are the significant applications of high-impact polystyrene.
Properties of high-impact polystyrene (HIPS) include good electrical insulation, easy machinability, strong impact resistance, and low cost of production.
High-impact polystyrene (HIPS) contains 5-10% rubber which increases its toughness and impact strength.
High-impact polystyrene (HIPS) is different from polystyrene as it is blended with rubber, which enhances its impact strength.
Ineos Styrolution, LG Chem, Zheziang Polymers, Formosa Plastics, Supreme Petrochem, and Trienso, among others, are the key market players, according to the report.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, are the major regional markets.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$ 2199
$1799
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3199
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4199
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5199
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
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.
Right Methodology
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.
Right Price
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.
Right Support
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.
NEWSLETTER