Polystyrene Market Prices 2019, Share, Industry Size, Growth, Opportunities & Forecast till 2023


Posted November 20, 2019 by ankitabelsare

Polystyrene is likely to observe a drastic rise in demand from different domains owing to its thermal stability and compressive strength
 
Market Synopsis:

Polystyrene is likely to observe a drastic rise in demand from different domains owing to its thermal stability and compressive strength. According to a study conducted by Market Research Future (MRFR), the global polystyrene market has been projected to scale a CAGR of 4.87% during the projection period 2018 to 2023. The report suggests that the global market is forecasted to grow from USD 24,926.7 Mn in 2017 to USD 33,160.6 Mn by 2023-end.

Get Free Sample Now@ https://www.marketresearchfuture.com/sample_request/2545

Proliferating applications across different industry verticals such as packaging, consumer electronics, construction, etc. are poised to catapult the polystyrene market on an upward trajectory. The growth of the construction industry In the Middle East region is poised to dictate the growth pattern of the market in the years to come. Similarly, the economic development of Asia Pacific is expected to open new avenues of growth for the participants of the polystyrene market. The growth of the end-user industries is anticipated to reflect on the growth trajectory of the market over the next couple of years.

Market Segmentation:

The market is studied in detail on the basis of type, application, and end-user industry. By type, the polystyrene market has been segmented into general-purpose polystyrene (GPPS), expandable polystyrene (EPS), extruded polystyrene (XPS), high-impact polystyrene (HIPS), and others. Among these, the expandable polystyrene (EPS) segment is anticipated to strike a CAGR of 5.5% over the review period owing to excessive demand for EPS foam from different domains. The segment has been forecasted to account for the maximum market share in the foreseeable future.

The global polystyrene market, by application, has been segmented into HVAC insulation, rigid packaging, seating, flexible packaging, and others. The HVAC segment has been projected to grow substantially over the next couple of years due to increasing demand for refrigeration, HVAC insulations, and air conditioning systems.

On the basis of end-user industry, the global polystyrene market has been segmented into packaging, building and construction, electronics, consumer goods and appliances, and others. The rising need for durable food packaging material is likely to encourage the growth of the packaging segment which is poised to thrive at 5.14% during the assessment period. It is prognosticated to retain its forefront position in the years to come. Also, the building and construction segment is expected to exhibit tremendous potential and secure the second spot in the marketplace.

Competitive Dashboard:

SABIC
Alpek SAB De CV
Trinseo
Chi Mei Corporation
Innova, INEOS Styrolution Group GmbH
ACH Foam Technologies, Inc.
BASF SE
Kumho Petrochemical
Formosa Chemical & Fibre Corp.
Industry News:

In April 2019, Americas Styrenics, a leading integrated producer of polystyrene, has entered into a joint venture, Regenyx LLC, with Agilyx, a leader in the recycling of waste plastics and polymers. The venture is aimed at the conversion of polystyrene products back to styrene monomer, their original liquid form.

Regional Analysis:

By region, the global polystyrene market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). Asia Pacific is anticipated to retain its dominant position in the global marketplace through the assessment period. The growth is likely to be motivated by the boom witnessed in the automotive sector. The boosted sales of electric and lightweight vehicles is prognosticated to favor the expansion of the polystyrene market in the region. In addition, the Middle East & Africa is expected to exhibit a steep rise in the growth curve reflecting a CAGR of 6.2% over the forecast period.

Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/polystyrene-market-2545

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

 Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Ankita
Phone 09607196888
Business Address Office No. 528, Amanora Chambers
Pune - 411028
Country India
Categories Biotech , Business , Construction
Tags polystyrene market analysis , polystyrene market demand , polystyrene market growth , polystyrene market opportunities , polystyrene market share , polystyrene market size , polystyrene market trends , polystyrene prices 2019
Last Updated November 20, 2019