Worldwide Styrenics Industry to 2025 - Players Include BASF, Chevron Phillips Chemical and Lanxess Among Others

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Dublin, May 10, 2021 (GLOBE NEWSWIRE) -- The "Styrenics: Global Markets" report has been added to ResearchAndMarkets.com's offering.

This report covers the market for styrenics. It provides definitive and detailed estimates and forecasts of the global market, along with detailed analyses that are based on polymer types of styrenics. This report covers the present scenario and growth prospects of the global market for styrenics for 2020-2025.

To calculate the market size, the report considered revenue generated through sales of the market for styrenics products for end-use industries such as packaging, construction, consumer goods, automotive, electrical and electronics. The report also explores the competitive landscape and key players in the market.

The report also discusses market dynamics such as drivers, restraints, opportunities and challenges. New and emerging trends, along with their impact on current and future market dynamics, also are detailed.

The report Includes:

  • 44 tables
  • A brief general outlook of the global styrenics market
  • Analyses of the global market trends, with data from 2019-2020, and projections of compound annual growth rates (CAGRs) through 2025
  • Estimation of the market size (in value and volumetric terms) and revenue forecasts (in USD millions) for styrenics and related plastic polymers, and corresponding market share analysis by polymer type, end-use industry and geographical region
  • In-depth information (facts and figures) concerning the major factors influencing the progress of the market (drivers, restraints, opportunities, and industry-specific challenges) with respect to specific growth trends, upcoming prospects and contributions to the overall market
  • Impact analysis of COVID-19 pandemic on the global styrenics market as compared to overall plastics and additives industry
  • Competitive landscape comprising the key development strategies implemented by leading market players
  • Descriptive company profiles of the major market participants, including BASF SE, Chevron Phillips Chemical Co., Lanxess AG, Lotte Chemical Corp., and SABIC

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, 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 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 into 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 low-temperature flexibility.

Key Topics Covered:

Chapter 1 Introduction

  • Overview
  • Study and Objectives
  • Reason for Doing This Study
  • Intended Audience
  • Scope of Report
  • Methodology and Information Sources
  • Analyst's Credentials
  • Custom Research
  • Related Reports

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

  • Product Overview
  • Types of Styrene Polymers
  • Market Outlook
  • Impact of the COVID-19 Pandemic on the Global Market for Styrenics
  • Safety of Styrene-Based Products
  • Regulatory Status of Styrene
  • Market Drivers
  • Styrene Polymers in 3D Printing
  • Styrene Polymers for Packaging of COVID-19 Vaccines
  • High-Growth of UPR in Wind Energy Applications
  • EU Use of EPS in Green Building and Construction
  • Market Challenges
  • Availability of High-Performance Substitutes
  • Fluctuating Raw Material Prices
  • Health and Environmental Concerns Regarding the Use of Styrenics
  • Opportunities and Trends
  • New Developments Outlook

Chapter 4 Market Breakdown by Application

  • Introduction
  • Global Market for Styrenics by Application
  • Packaging Applications
  • Consumer Products
  • Building and Construction
  • Electrical and Electronics
  • Automotive
  • Other Applications

Chapter 5 Market Breakdown by Polymer Type

  • Overview
  • Global Market for Styrenics by Polymer Type
  • Polystyrene (PS)
  • Expanded Polystyrene (EPS)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Styrene Butadiene (SB) Latex
  • Unsaturated Polyester Resins (UPRs)
  • Styrene Butadiene Rubber (SBR)
  • Other Types of Resins

Chapter 6 Market Breakdown by Region

  • Introduction and Overview
  • Global Market for Styrenics by Region
  • Asia-Pacific
  • North America
  • Europe
  • RoW

Chapter 7 Industry Structure and Competitive Factors

  • Overview
  • Factors Affecting the Plastics Industry
  • Globalization
  • Health and Environmental Issues
  • Resin Production/Demand and Pricing of Feedstocks
  • End-Use Applications
  • Emerging Economies
  • Supply Chain Shifts
  • Factors Influencing Growth Opportunities
  • Major Strategic Developments

Chapter 8 Company Profiles

  • Alpek Sab De Cv
  • Americas Styrenics Llc
  • Asahi Kasei Corp.
  • Basf Se
  • Chevron Philips Chemical Co.
  • Eni S.P.A
  • Ineos Styrolution
  • Lanxess Ag
  • Lotte Chemical Corp.
  • Lyondellbasell Industries Holdings B.V.
  • Nizhnekamskneftekhim Inc.
  • Reichhold Llc
  • Repsol Sa
  • Sabic
  • Shell Chemical
  • Sibur
  • Synthos
  • Trinseo S.A.
  • Total Shell Chemical Lp

Chapter 9 Appendix: Acronyms

For more information about this report visit https://www.researchandmarkets.com/r/xpbhk5

 

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