Global Polystyrene Market – Industry Trends and Forecast to 2026

  • Chemical and Materials
  • Upcoming Report
  • Aug 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Polystyrene Market By Grade {General Purpose Polystyrene (GPPS), High Impact Polystyrene (HIPS) and Expandable Polystyrene (EPS) (Expanded Polystyrene (EPS), Extruded Polystyrene (XPS)}, Form (Foams, Films & Sheets and Others), End-User (Automotive, Packaging, Building & Construction, Electrical & Electronics, Consumer Goods, Healthcare and Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Polystyrene Market

Global polystyrene market is expected to rise to an estimated value of USD 39.94 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to consumer electronics market

Market Definition: Global Polystyrene Market

Polystyrene is an odourless, tasteless, rigid thermoplastic which is used in applications in the following major markets like packaging, consumer/institutional goods, electrical/electronic goods, building/construction, furniture, industrial/machinery, and transportation. The application of the polystyrene is in the automotive EPP parts, construction, consumer products and others.

Market Drivers:

  • High penetration of polystyrene in the electronics and appliances industry drives the market growth
  • Increasing plastic consumption and rapid urbanization is also enhancing the growth of the market
  • Growing demand for insulation materials from construction and packaging industries acts as a market driver
  • Growing packaging industry is another factor boosting this market growth

Market Restraints:

  • Rapid fluctuation in raw material price is hampering the market growth
  • Various disposal related issues with polystyrene material and its negative scrap value can hamper the market growth

Segmentation: Global Polystyrene Market

By Grade

  • General Purpose Polystyrene (GPPS)
  • High Impact Polystyrene (HIPS)
  • Expandable Polystyrene (EPS)

    • Expanded Polystyrene (EPS)
    • Extruded Polystyrene (XPS)

By Form

  • Foams
  • Films & Sheets
  • Others

By End-User

  • Automotive
  • Packaging
  • Building & Construction
  • Electrical & Electronics
  • Consumer Goods
  • Healthcare
  • Others

By Geography

  • North America

    • US
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In June, BASF SE increases its global production for Neopor by 40,000 metric tons per year. This will help the company to meet the growing demand for the material in the market and will increase the brand awareness among the population
  • In March 2019, Trinseo has increased the prices for polystyrene of the product name STYRON. The focus is to provide innovative and sustainable solutions in wide range of markets such as consumer electronics, appliances, medical devices and assist the customers in a better way    

Competitive Analysis:

Global polystyrene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polystyrene market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global polystyrene market are INEOS Styrolution Group GmbH, Total, Trinseo, BASF SE, SABIC, SIBUR, HIRSCH Servo AG, ACH Foam Technologies, Inc., Formosa Chemicals & Fibre Corp., Chi Mei Corporation, KUMHO PETROCHEMICAL, Alpek S.A.B. de C.V., Flint Hills Resources among others

Research Methodology: Global Polystyrene Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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