Bharat Book Bureau Provides the Treding Market Research Report on "Styrenics: Global Markets" under Chemical & Materials Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.

Summary:

Styrene polymers are among the largest polymers in terms of volume. Although polystyrene consumption has remained fairly constant, acrylonitrile-butadiene-styrene copolymers (ABS) and ABStype copolymers consumption have increased and continue to increase. Overall, growing consumer demand has exceeded current capacity, a yielding higher capacity usage than ever. Growth factors include technology advances, product improvements and organic growth in the main sectors such as packaging, consumer products, building and construction, electrical and electronics, automotive and other segments like healthcare.

Packaging remains the number one market to Produce Styrenics. Major packaging factors include cost reduction, light weighting and improved sustainability. Sustainability, an ecological and environmental term, references the preservation of biological systems so that they may thrive. In packaging, this can mean replacing plastics considered less environmentally “friendly” (like polystyrene), with films made from renewable resources like bioplastics. The global market for packaging is expected to grow mainly due to increasing consumption of fast-moving goods, a growing population that also is aging (a consumer segment that is driving growth in the pharmaceutical and personal care markets), growing

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awareness of recycling and environmental concerns and needs, and growing disposable incomes and purchasing power in developing markets such as China and India.

The market for styrenics is segmented by polymer type: polystyrene (PS), expanded polystyrene (EPS), acrylonitrile butadiene styrene (ABS), styrene butadiene latex (SBL) and unsaturated polyester resin (UPR). By polymer type, polystyrene accounted for the highest share in the global market for styrenics. The increase of PS applications partly stems from the increasing global population. The toughness of PS and qualities such as versatility, hardness and cost-effectiveness make it a common raw material in the manufacture of different goods. Waste produced from PS products may be transformed to other useful products. Demand for consumer goods is projected to increase during the forecast period, thanks to growing populations in developing economies such as China and India.

EPS accounted for the second-largest share in the global market for styrenics. The building industry uses EPS to reduce energy consumption and greenhouse gas emissions. The excellent insulation provided by EPS greatly improves its market for green buildings. As demand for green buildings continues to grow, the EPS market is expected to grow significantly during the forecast period. In building and construction applications, EPS is used for exterior insulating and finishing systems, insulating concrete forms (ICF), structured insulated panels, floors, walls and ceilings, below grade insulation, roofing systems, door cores, cold storages, and other applications.

In packaging applications, EPS is widely used in protective packaging. It has a soft feel, mostly in lower density and firmness ranges. EPS is mostly used to pack lightweight, fragile, and shock-sensitive products. EPS packaging foam can protect packaged items in transit, moderately heavy pieces of equipment, and various delicate shapes and sizes of devices from damage. Because EPS is an excellent insulator, it is increasingly being used in the electronics industry. It is safe, strong, lightweight, and affordable. EPS also helps to protect electronic items from environmental influence and mechanical shock. It can resist abrasion and has high strength and lowtemperature flexibility.

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