Polystyrene Market is Expected to Grow at a CAGR of 5.4% from 2016 to 2022

Market Highlights

Polystyrene is a thermoplastic polymer produced from the aromatic monomer styrene. Polystyrene used in many industries such as automotive industry, electronics, thermal insulation industries, pharmaceuticals, consumer industry, packaging industry, construction industry. Polystyrene is one of the most widely used type of plastic. Polystyrene can be transparent or can be made to take on various colors.

Rising demand from the automotive industry, construction industry and packaging industry in Brazil, Russia, India, China and South Africa countries is anticipated to boost the global polystyrene market. Increasing demand for polystyrene from consumer electronics and electronic components is further estimated to drive the global polystyrene market. However, variable prices of raw materials can be hamper market growth in the near future. Furthermore, availability of substitutes of polystyrene is can be restraining factor for the polystyrene market. Global Polystyrene Market is expected to witness a significant growth of ~32.04 billion by 2022 with CAGR of ~5.4% between 2016 and 2022

Polystyrene are used in the manufacture of microwaves, ovens, vacuum cleaners, refrigerators, televisions, handheld devices, and IT and telecom hardware. Thus increase in demand of electronic industries will drive the market of polystyrene. Increase demand of polystyrene in building & construction industry and automotive industry is likely to be driven by governmental regulations regarding energy conservation in North America and Europe.

 Key Players

  • Synthos S.A (Europe),
  • Kaneka Corporation (Japan),
  • Saudi Basic Industries Corporation (Saudi Arabia),
  • INEOS Capital Limited.SA (Switzerland),
  • NOVA Chemicals (UK),
  • Trinseo S.A (US),
  • Chevron Phillips Chemical Company (US),

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Segmentation:

The global polystyrene market is majorly segmented on the basis of types, end user, and region. Based on types of polystyrene

  • HIPS,
  • EPS,
  • XPS,

Based on end user

  • automotive industry,
  • electronics,
  • thermal insulation industries,
  • pharmaceuticals,
  • consumer industry,
  • packaging industry,
  • construction Industry,

Based on region

  • North America,
  • Europe,
  • APAC,
  • Latin America,
  • Middle East & Africa.

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 Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Polystyrene Market Research Report- Forecast to 2022

 Regional Insights

The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. In all of these Asia Pacific region is the biggest polystyrene market. In all of these APAC is the largest market due to increase in demand of packaging industry, electronics industry and automotive industry in China and followed by India. China, India, Philippines and Malaysia will be the next prime market for polystyrene due to weighty infrastructure serving various industry. Additionally, Europe followed by Latin America and North America are the other potential markets for polystyrene. Europe has good demand of polystyrene market due the pharmaceutical industry. Polystyrene market in the North American region is growing at a very slow rate. There is an increasing infrastructure spending in the emerging economies such as China, Brazil, India, and South Africa thus boosting the market growth

 Intended Audience

  • Polystyrene manufacturers
  • Traders and distributors of Polystyrene
  • Production Process industries
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratory

Table of Content

1.Executive Summary    
2    Scope of The Report   
2.1    Market Definition
2.2    Scope of The Study
2.2.1    Research Objectives
2.2.2    Assumptions & Limitations
2.3    Markets Structure
3    Market Research Methodology    
3.1    Research Process
3.2    Secondary Research
3.3    Primary Research
3.4    Forecast Model
4    Market Landscape    
4.1    Five Forces Analysis
4.1.1    Threat of New Entrants
4.1.2    Bargaining power of buyers
4.1.3    Threat of substitutes
4.1.4    Segment rivalry
4.2    Value Chain/Supply Chain of Global Polystyrene   Market
5    Industry Overview of Global Polystyrene   Market    

Continue…….

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