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 and Sheets and Others), End User (Automotive, Packaging, Building and Construction, Electrical and Electronics, Consumer Goods, Healthcare and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The polystyrene market is expected to witness market growth at a rate of 4.95% in the forecast period of 2021 to 2028. Data Bridge Market Research report on polystyrene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for sustainable and lightweight solutions that provide extreme durability is escalating the growth of aviation analytics market.
Polystyrene can be defined as a hard and solid plastic, which is manufactured through the polymerization of the styrene. It is a vinyl polymer, with a long hydrocarbon chain structure, where a phenyl group is attached to every other carbon atom. Polystyrene can also be known as a versatile plastic that is mostly used in the refrigerators, air conditioners, instrument panels, televisions, computers, and disposable utensils.
Major factors that are expected to boost the growth of the polystyrene market in the forecast period are the rise in the growth from the expanded utilized of expandable polystyrene (EPS) in the HVAC insulation implementations. Furthermore, the growing of the thermal insulation is further anticipated to propel the growth of the polystyrene market. Moreover, the increase in the penetration of polystyrene in the electronics and appliances industry is further estimated to cushion the growth of the polystyrene market. On the other hand, the rise in the variation costs of the raw material is further projected to impede the growth of the polystyrene market in the timeline period.
In addition, the rise in the green building demand is interested by the increase in the influence of the social causes will further potential opportunities for the growth of the polystyrene market in the coming years. However, the severe restrictions on the plastic products might further challenge the growth of the polystyrene market in the near future.
This polystyrene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on polystyrene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Polystyrene Market Scope and Market Size
The polystyrene market is segmented on the basis of grade, form and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of grade, the polystyrene market is segmented into general purpose polystyrene (GPPS), high impact polystyrene (HIPS) and expandable polystyrene (EPS), expanded polystyrene (EPS), extruded polystyrene (XPS). Expandable polystyrene (EPS) is further sub segmented into expanded polystyrene (EPS) and extruded polystyrene (XPS).
- On the basis of form, the polystyrene market is segmented into foams, films and sheets and others.
- On the basis of end user, the polystyrene market is segmented into automotive, packaging, building and construction, electrical and electronics, consumer goods, healthcare and others.
Polystyrene Market Country Level Analysis
The polystyrene market is analysed and market size, volume information is provided by country, grade, form and end user as referenced above.
The countries covered in the polystyrene market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the polystyrene market due to the rise in the development in the building industry. Europe is projected to observe significant amount of growth in the polystyrene market due to the introduction of the rules and guidelines to be accepted by the lightweight goods in the end use sectors.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polystyrene Market Share Analysis
The polystyrene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polystyrene market.
The major players covered in the polystyrene market report are INEOS, 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, Dow, Kaneka Corp., NOVA Chemicals, Ravago Americas LLC, Arkema, and Synthos, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Polystyrene Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.