The global demand for Polystyrene Films Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX KT in 2019 and foreseen to touch XX KT by 2026 with a CAGR of XX% during 2020-2026.
Polystyrene Film is a thin sheet of the thermoplastic polymer styrene. The most common use of these films is in packaging applications. These films are extremely strong, transparent with a glossy finish. They are considered an attractive alternative in many film applications like lamination, cover for cartons, display screens & envelopes and printing. They are widely used for food packaging due to their ability to create a vacuum when stretched and some grades of films are approved by the FDA for direct contact with food. Due to their good insulation properties and stability towards temperature fluctuations, they are used in capacitors residing in electronic devices. Polystyrene films also find their use in testing the resolution properties of an infrared spectrometer. Polystyrene being an inert thermoplastic can be an environmental hazard when thrown away as litter after its relatively short useful lifespan.
The major drivers of the polystyrene film market are the food, packaging and electronics industry. Rise in disposable income and changing lifestyles will be the key factors for market growth. The film market will be further propelled by the automotive industry as well since films made of polystyrene are sought after to make components of a vehicle's dashboard due to their commendable properties. Growing investments in the industrial sector and rapid urbanisation will further contribute to the growth of this market. The growth of the polystyrene film market will only show a positive trend during the COVID-19 pandemic since there is no dearth of packaging applications. The main challenge faced by this relatively low cost; highly durable, eye-catching product is its non-biodegradability leading to environmental hazards.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of polystyrene films.
The entire polystyrene films market has been sub-categorized into product and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- ThicknessBelow 50μm
- Thickness 50-100μm
- ThicknessAbove 100μm
- Food and Beverage
This section covers regional segmentation which accentuates on current and future demand for polystyrene films market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Polystyrene Films Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polystyrene films market include Tekra, Transcendia, Ohishi Sangyo, Multi-Pastics, Plastic Suppliers, Sigma-Aldrich, Cheever Specialty. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.