The global demand for Styrenic Polymers Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
A styrene polymer is produced by the polymerization of styrene monomers and other chemical compounds such as acrylonitrile, butadiene, and others. These polymers contain styrene as a key component called styrenic polymers. Styrene is produced from ethylene and benzene. The most common styrenic polymer is polystyrene. Styrenic polymers possess high dimensional stability and excellent mechanical properties. The physical and chemical properties of styrenic copolymers depend on other monomers in the styrenic polymer chain. Styrenic polymers are utilized to produce a variety of household goods such as cups, utensils, furniture, kitchen appliances; consumer electronics; automobile parts; sports and recreational equipment; boats, and durable, lightweight packaging products.
The market is primarily driven by the increasing use of styrenic polymers in the automobile sector as rising demand from this industry accounts for the growing concern over the reduction of the overall weight of automobiles. Further, the increasing adoption of the styrenic polymers in medical applications is propelling the market growth. In addition to this, shift from the use of PVC to styrenic polymers, owing to the several properties and environmental advantages offered by the latter, is likely to boost its demand in the medical industry. The fluctuations in the price of crude oil are anticipated to hinder the costs of raw materials for the styrenic polymers, which is projected to be a key factor hampering the global market growth during the forecast period.
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 styrenic polymers.
The entire styrenic polymers market has been sub-categorized into type and end-use industry. 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.
By End-Use Industry
- Acrylonitrile Butadiene Styrene
- Methyl-Methacrylate Butadiene Styrene
- Styrene Methyl-Methacrylate
- Styrene Ethylene Butylene Styrene
- Styrene Acrylonitrile
- Methyl-Methacrylate Acrylonitrile Butadiene Styrene
- Styrene Butadiene Styrene
- Building And Construction
- Electrical And Electronics
- Automotive Industry
- Consumer Goods
- Marine Accessories
This section covers regional segmentation which accentuates on current and future demand for styrenic polymers 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 Styrenic Polymers 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 styrenic polymers market include Bayer Material Science, Lanxess Ag, Saudi Basic Industries Corporation, Nova Chemicals Corporation, ENI S.P.A., LG Chem Ltd., Ashland, Styrolution Group GmbH, Ineos Group Ag, Asahi Kasei Corporation, Alpek Sab De Cv, BASF, Kraton Polymers, CCP Composites, Chi Mei Corporation. 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.