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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 (2016-2020); Production and Consumption Forecast (2021-2026); 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
Global Polystyrene Market Key Insights:
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Market Outlook
The global polystyrene market is being driven by the rising demand for the product. The global demand for the product reached nearly 18.6 million metric tons in 2020. The demand for the product is further expected to grow at a CAGR of 1.9% between 2021 and 2026 to reach a volume of 20.8 million metric tons by 2026. The major supply markets include North America, the European Union, and the Asia Pacific region. The polystyrene market is significantly supported by the construction as well as the electronics industry.
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The Asia Pacific region is a major regional polystyrene market. Currently, the Asia Pacific region contributes significantly to the total trade market of the material. While the import and export of high impact polystyrene (HIPS) and general-purpose polystyrene (GPPS) is balanced in the region, the Asia Pacific is a net exporter of expanded polystyrene (EPS) resin. The global production capacity for polystyrene, specifically high impact polystyrene, and GPPS is estimated to be about 14 million metric tons, with Asia accounting for about half of the total capacity. The global production capacity for expanded polystyrene (EPS) is estimated to be around 12 million metric tons, with the Asia Pacific accounting for about three-fourth of the total global capacity. The consumers in North America are expected to look to the Asia Pacific region to cater to their future requirements. China is one of the largest importers of HIPS and GPPS because of the increasing application of the substance in the consumer electronics industry.
The market for EPS is supported by the firm demand from the Asian market, which is expected to grow further in the coming years, while mature markets, like Europe and North America, are expected to grow slower than Asia. The United States is one of the net importers of high impact polystyrene (HIPS), general-purpose polystyrene (GPPS) and expanded polystyrene (EPS). With the rising demand for expanded polystyrene, Europe might depend on imports from regions like Korea and India. Turkey is the largest export market within Europe, accounting for nearly half of the total exports in Europe. The expanded polystyrene industry has been among the fastest-growing polystyrene markets, owing to the high demand from the construction sector. The industry is majorly impacted by the construction industry, which is growing at a rapid rate. The construction sector in the Asia Pacific region is likely to develop faster as compared to Europe and North America, thus, driving the demand for polystyrene within the sector.
Properties and Applications
Polystyrene is a flexible plastic used in the production of a wide range of consumer products. It is often used as a rigid, solid plastic in items requiring clarity such as food packaging and laboratory products. Polystyrene is used to produce appliances, computers, automotive parts, toys, gardening pots and equipment, and more when mixed with various colours, chemicals, or other plastics.
It has wide applications in the following segments:
- Packaging and One-Time Use
- Consumer and Institutional
- Electrical and Electronic
- Building and Construction
- Resellers and Others
The report also covers the regional markets of the product like North America, Europe, the Middle East and Africa, the Asia Pacific, and Latin America.
Market Analysis
The polystyrene market is significantly driven by downstream users like the construction industry and electronics industry. The increasing application of expanded polystyrene for insulation and construction purposes is propelling the polystyrene market growth further. The construction industry is rapidly growing and is positively affecting the polystyrene industry. The expanded polystyrene market has been one of the fastest-growing styrene markets, due to high demand from the infrastructure and construction sector.
The rising use of high impact polystyrene and general-purpose polystyrene in consumer electronic devices is supporting the growth of the industry. The high impact polystyrene and general-purpose polystyrene market are supported by the demand from the Asian market. The segment is also growing due to its extensive use for insulation purposes as it has to compete only with cotton wool in this segment. The consumer electronics sector has a consumption rate of around 20% of the material and is aided by the electric and electronic appliances market.
Competitive Landscape
February 2020- Ineos Styrolution completed its acquisition Total S.A.’s China polystyrene business, which includes the purchase of Ningbo and Foshan production sites.
The report gives a detailed analysis of the following key players in the global polystyrene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- INEOS Styrolution Group GmbH
- Total S.A. (NYSE: TOT)
- Americas Styrenic
- Chi Mei Corporation
- PS Japan Corporation
- Shanghai SECCO Petrochemical Company Limited
- Versalis S.p.A
- Supreme Petrochem Ltd
- Trinseo S.A.
- Others
The comprehensive EMR report provides an in-depth assessment of the polystyrene market based on Porter's five forces model along with giving a SWOT analysis.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Polystyrene Market Analysis
6.1 Figure: Global Polystyrene Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: Global Polystyrene Market Breakup by Application
6.2.1 Packaging and One-Time Use
6.2.2 Consumer and Institutional
6.2.3 Electrical and Electronic
6.2.4 Building and Construction
6.2.5 Resellers and Others
6.3 Figure: Global Polystyrene Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Packaging and One-Time Use
6.3.2 Consumer and Institutional
6.3.3 Electrical and Electronic
6.3.4 Building and Construction
6.3.5 Resellers and Others
6.4 Chart: Global Polystyrene Market Breakup by Region
6.4.1 North America
6.4.1.1 United States of America
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 Germany
6.4.2.2 United Kingdom
6.4.2.3 France
6.4.2.4 Italy
6.4.2.5 Others
6.4.3 Asia Pacific
6.4.3.1 China
6.4.3.2 Japan
6.4.3.3 India
6.4.3.4 ASEAN
6.4.3.5 Others
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Argentina
6.4.4.3 Mexico
6.4.4.4 Others
6.4.5 Middle East & Africa
6.4.5.1 Saudi Arabia
6.4.5.2 United Arab Emirates
6.4.5.3 Nigeria
6.4.5.4 South Africa
6.4.5.5 Others
6.5 Figure: Global Polystyrene Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 North America
6.5.1.1 United States of America
6.5.1.2 Canada
6.5.2 Europe
6.5.2.1 Germany
6.5.2.2 United Kingdom
6.5.2.3 France
6.5.2.4 Italy
6.5.2.5 Others
6.5.3 Asia Pacific
6.5.3.1 China
6.5.3.2 Japan
6.5.3.3 India
6.5.3.4 ASEAN
6.5.3.5 Others
6.5.4 Latin America
6.5.4.1 Brazil
6.5.4.2 Argentina
6.5.4.3 Mexico
6.5.4.4 Others
6.5.5 Middle East & Africa
6.5.5.1 Saudi Arabia
6.5.5.2 United Arab Emirates
6.5.5.3 Nigeria
6.5.5.4 South Africa
6.5.5.5 Others
7 Global Polystyrene Price Analysis
7.1 North America Polystyrene Historical Price Trend (2016-2020) and Forecast (2021-2026)
7.2 Europe Polystyrene Historical Price Trend (2016-2020) and Forecast (2021-2026)
7.3 Asia Pacific Polystyrene Historical Price Trend (2016-2020) and Forecast (2021-2026)
7.4 Latin America Polystyrene Historical Price Trend (2016-2020) and Forecast (2021-2026)
7.5 Middle East and Africa Polystyrene Historical Price Trend (2016-2020) and Forecast (2021-2026)
8 Global Polystyrene Trade Analysis (HS Code: 390319)
8.1 Major Exporting Countries: By Value and Volume
8.2 Major Importing Countries: By Value and Volume
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Porter’s Five Forces Analysis
10.1 Overview
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
10.6 Substitutes
11 Value Chain Analysis
12 EMR’s Key Indicators for Demand
13 EMR’s Key Indicators for Price
14 Procurement Strategy
14.1 Engagement Methods
14.2 Pros and Cons
15 Cost Analysis
15.1 Cost of Raw Material
15.2 Utilities
15.3 Manpower
15.4 Other Cost
16 Competitive Landscape & Supplier Analysis
16.1 INEOS Styrolution Group GmbH
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 Total S.A.
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 Americas Styrenic
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 Chi Mei Corporation
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 PS Japan Corporation
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 Shanghai SECCO Petrochemical Company Limited
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 Versalis S.p.A
16.7.1 Company Overview
16.7.2 Financial Analysis
16.8 Supreme Petrochem Ltd
16.8.1 Company Overview
16.8.2 Financial Analysis
16.9 Trinseo S.A.
16.9.1 Company Overview
16.9.2 Financial Analysis
16.10 Others
17 Events and Developments
Additional Customisations Available:
18 Manufacturing Process
18.1 Detailed Process Flow
18.2 Operations Involved
18.3 Mass Balance
19 Production Cost Analysis and Project Economics
19.1 Land, Location and Site Development
19.2 Construction
19.3 Plant Machinery
19.4 Cost of Raw Material
19.5 Packaging
19.6 Transportation
19.7 Utilities
19.8 Manpower
19.9 Other Capital Investment
Analyst Review
The global polystyrene market attained a demand volume of almost 18.6 million metric tons in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 1.9%. The polystyrene market is projected to reach 20.8 million metric tons by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of application, the industry is segmented into packaging and one-time use, consumer and institutional, electrical and electronic, building and construction, and resellers and others. The major regional polystyrene markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America, the European Union, and the Asia Pacific being the major supply markets. The key players in the industry include 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 major drivers of the industry such as rising disposable incomes, increasing population, and growing electronics and construction industries are expected to aid the polystyrene market growth. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected market conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
- How has the global polystyrene market performed in the previous years (2016-2020)?
- What is the forecast assessment of the polystyrene market for 2021-2026?
- What are the major polystyrene market drivers and constraints?
- What are the major price and demand indicators of the global polystyrene market?
- What are the price trends of the product in the global industry?
- Who are the key players in the global polystyrene market?
- What is the degree of competition in the global polystyrene market?
- What are the import and export trends in the global polystyrene market?
- Who are the top importers and exporters of the product in the global industry?
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