Styrene Market To Increase At Steady Growth Rate Till 2028

 Growing demand for polystyrene from the packaging industry is one of the significant factors influencing market growth.

Market Size – USD 53.11 Billion in 2020, Market Growth - CAGR of 4.2%, Market Trends – Growth of the construction industry

Reports and Data’s latest industry analysis report titled ‘Global Styrene Market’ provides the reader with an exhaustive overview of the Styrene industry. The report is inclusive of a concise market summary and contains market projections based on the present market situation, current market size, and revenue growth rate. The report elaborates on the key market dynamics including market growth drivers, opportunities, threats, and challenges. In this report, market analysts at Reports and Data have emphasized the ever-changing market growth patterns and the dynamic environment of the industry. Key attractions of the report include List of Tables and Figures, Research Methodology, Competitive Landscape, Regional Analysis, Technological Breakthroughs, and Future Market Developments.

The report’s ‘COVID-19 Impact Study’ section focuses on the profound impact of the global pandemic on the materials & chemicals market, throwing light on the key challenges the industry players are currently facing. The report further analyzes other crucial aspects of the market, such as product pricing structure, product portfolios, end-use industries, sales statistics, distribution channels, and upcoming industry trends. Moreover, the report provides actionable insights into the industry’s highly competitive scenario and profiles the top companies operating in the industry, along with their extensive product portfolios.  

Get a sample copy of the global Styrene market report : https://www.reportsanddata.com/sample-enquiry-form/2458

Further key findings from the report suggest

  • By application, polystyrene contributed to the largest market share in 2020 and is expected to witness a growth rate of 3.9% during the forecast period. Applications of polystyrene comprises of general household appliances, cases for CD/DVD, toys, cutlery, electronic housings, housewares, refrigerator liners, containers, and packaging, among others.
  • By industry vertical, packaging industry dominated the market in 2020 and is likely to grow at a rate of 3.8% in the forecast period. Polystyrene finds extensive application in the packaging industry. Foam packaging peanuts for shipping, CD/DVD cases, food packaging, meat/poultry trays, and egg cartons are usually made with polystyrene to safeguard against spoilage or damage.
  • By distribution channel, offline channels held a larger market in 2020.
  • Europe, led by Western Europe, occupied the second-largest market share in 2020 and is estimated to grow at a rate of 3.7% during the forecast period. The high demand for styrene in the region is owing to the growth of the packaging and automotive. Besides, growing investments by market players in R&D of styrene solutions that are recycled and eco-friendly, is likely to drive the market demand in the region.

Top Companies Profiled in the Report: Alpek SAB DE CV, Ashland Inc., Ineos Styrolution Group GmbH, Royal DSM, The Dow Chemical Company, LG Chem, Nova Chemicals Corporation, Bayer MaterialScience, Mitsubishi Chemicals, and Chevron Philips Chemical Company, among others.

Regional Outlook

The key regions covered in the report are as follows:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To know more about the report: https://www.reportsanddata.com/report-detail/styrene-market

Market Segmentation:

Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • Polystyrene
  • Styrene Co-Polymers
  • SB (Styrene-Butadiene) Latex
  • SB (Styrene-Butadiene) Rubber
  • Composites
  • Others

Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • Packaging
  • Construction
  • Consumer Goods
  • Automotive
  • Electrical & Electronics
  • Others

Distribution Channel Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • Offline Channel
  • Online Channel

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/2458  

Table of Contents:

  1. Report Overview

1.1 Research Scope

1.2 Key Styrene market segments

1.3 Major players

1.4 Market analysis by product type

1.5 Market analysis by application

1.6 Report timeline

 

  1. Global Growth Trends

2.1 Global Styrene market size

2.2 Latest regional market trends

2.3 Emerging growth trends

 

  1. Competitive Outlook

3.1 Global Styrene market key players

3.2 Global Styrene size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the Styrene market

3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

 

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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