Global Styrene 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 Styrene Market By Product Type {(Polystyrene (PS), Expanded polystyrene (EPS), Acrylonitrile butadiene styrene (ABS)}, End User (Packaging, Construction, Consumer Goods, Automotive, Others), Geography (North America, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Styrene Market

Global styrene market is registering a steady CAGR of 3.95% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the increasing demand in packaging industry and consumer goods among others.

Market Definition: Global Styrene Market

Styrene is an oily colourless liquid, organic compound which is also known as vinyl benzene, ethenylbenzene and phenylethene. It evaporates effortlessly and has a sweet smell. Styrene occurs naturally in small scale in a variety of foods and plants and coal tar. Different types of styrene products such as acrylonitrile butadiene styrene (ABS), expanded polystyrene (EPS), and polystyrene (PS) are used for several applications such as packaging, automotive, construction and consumer goods.

Market Drivers:

  • Increasing demand for general-purpose and high-impact polystyrene from Asia-Pacific is fuelling the market growth
  • Growing packaging and construction industries which lead to increase demand for infrastructure facilities and consumer goods is a driver for this market
  • Consumption of polystyrene and expandable polystyrene from U.S. and Canadian construction industry is driving the growth of the market
  • High energy efficiency standards are driving the growth of this market

Market Restraints:

  • Less demands from developing countries and less supply from POSM facilities is a restraint for this market
  • Fluctuation in the prices of crude oil prices is restraining the market growth
  • Environment and health concerns due to the use of styrene is hampering the growth of the market

Segmentation: Global Styrene Market

By End User

  • Packaging
  • Construction
  • Consumer Goods
  • Automotive
  • Others

By Product Type

  • Polystyrene (PS)
  • Expanded polystyrene (EPS)
  • Acrylonitrile butadiene styrene (ABS)

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • 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 February 2019, Clariant has declared the successful execution of its StyroMax UL3 ethylbenzene dehydrogenation catalyst at the styrene monomer production facility of Shandong Yuhuang Chemical (Group) Co. The productivity of styrene monomer reached 120% of designed capacity within 3 months of start-up. The successful performance of StyroMax UL3 ethylbenzene dehydrogenation catalyst helped the company to achieve nameplate capacity much more quick as compared to other catalyst
  • In May 2018,  Shell Nanhai B.V. and China National Offshore Oil Corporation announces their official start-up   of the second ethylene cracker at their Nanhai petrochemicals complex in Huizhou, China. These units were build by CNOOC owned and operated by the current joint venture of CNOOC and Shell Petrochemical Company (CSPC). It will consist of styrene monomer and propylene oxide (SMPO) plant, probably largest in China. This project extension will demonstrate superior framework between CNOOC’s engineering, construction and management capabilities, and Shell’s advanced technologies in chemicals

Competitive Analysis:

Global styrene 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 styrene 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 global styrene market are Chevron Phillips Chemical Company, SABIC, Total, Dow, Koninklijke DSM N.V., NOVA Chemicals, Bayer CropScience Limited, Ashland, Alpek S.A.B. de C.V., Trinseo, Covestro AG, Synthos, Total Petrochemicals & Refining USA, Inc., BASF SE, Versalis., Styrolution, LG Chem, Alibaba.com., Mitsubishi Chemical Corporation, China Petroleum & Chemical Corporation, Perlite Construction Co and others

Research Methodology: Global Styrene 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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