Increasing demand for polystyrene from the construction industry is one of the significant factors influencing market growth.
Market Size – USD 26.06 billion in 2018, Market Growth – CAGR of 3.3%, Market Trends – Increasing adoption of expanded polystyrene
The global Polystyrene Market is expected to reach USD 35.21 Billion by 2027, according to a new report by Reports and Data. Polystyrene is produced by the polymerization of styrene, a building block material having widespread usage in producing various kinds of plastic products.
Blocks made of polystyrene are implemented in the construction of buildings for providing permanent insulation for walls of buildings along with the roofs and floors. The distinctive feature of stacking and then filling the forms with concrete, of these blocks, allow for faster and cheaper construction of buildings (including residential, commercial, and industrial construction projects) as compared to typical brick and mortar buildings. Moreover, the block system aids in saving labor and time consumed in the completion of the project and the total construction costs.
Polystyrene is a sturdy material, which makes it a preferred material for electrical insulation. It is considered safe for packing various kinds of products and is moisture resistant. Polystyrene can be colored, painted, and printed on, making it a suitable alternative for packaging. The packaging of food in polystyrene is considered to be more hygienic instead of plates that are reused after being washed and hence, disposable and reusable containers find extensive application in the food & beverage industry packaging of perishable items. Also, to safeguard the delicate items packed in boxes, packaging industries deploy several polystyrene materials. Polystyrene can be effortlessly molded to fit products comprising glassware, electronics, and chemicals to avert breakage.
Key participants include BASF SE, Versalis SPA, SABIC, Synthos SA, Kaneka Corporation, The Ravago Group, LG Chem, Formosa Chemicals & Fibers Corp., Ineos Styrolution Group GmbH, and Trinseol, among others.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/polystyrene-market
For the purpose of this report, Reports and Data have segmented the global polystyrene market on the basis of forms, resin type, application, industry vertical, and region:
Forms Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Resin Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
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Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027 Chapter 3. Indicative Metrics Chapter 4. Polystyrene Segmentation & Impact Analysis 4.1. Polystyrene Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Increasing demand for polystyrene from the construction industry 4.2.2.2. Growing demand for polystyrene in consumer goods 4.2.3. Market restraints analysis 4.2.3.1. Presence of substitutes 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis
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Chapter 10. Competitive Landscape 10.1. Market Revenue Share by Manufacturers 10.2. Manufacturing Cost Breakdown Analysis 10.3. Mergers & Acquisitions 10.4. Market positioning 10.5. Strategy Benchmarking 10.6. Vendor Landscape Chapter 11. Company Profiles 11.1. BASF SE 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Technology Insights 11.1.4. Strategic Initiatives 11.2. Versalis SPA 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Technology Insights 11.2.4. Strategic Initiatives 11.3. SABIC 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Technology Insights 11.3.4. Strategic Initiatives 11.4. Synthos SA 11.4.1. Company Overview 11.4.2. Financial Performance 11.4.3. Technology Insights 11.4.4. Strategic Initiatives 11.5. Kaneka Corporation 11.5.1. Company Overview 11.5.2. Financial Performance 11.5.3. Technology Insights 11.5.4. Strategic Initiatives 11.6. The Ravago Group 11.6.1. Company Overview 11.6.2. Financial Performance 11.6.3. Technology Insights 11.6.4. Strategic Initiatives
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