Polystyrene is a synthetic polymer, made from mono styrene. It is aromatic and can be solid or foamed. Polystyrene is generally hard, clear and brittle. It haslow melting point and poor resistivity to oxygen. Also, it has low cost in terms of resin per unit weight. It is a vinyl polymer that means it has an extended hydrocarbon chain with a phenyl group attached to every carbon atom. It is the most commonly used plastic and finds application in protective packaging, containers, lids, bottles and in the making of models.
The global market for polystyrene has shown tremendous potential especially in developing economies like China, India, Brazil, and Russia amongst others. Since polystyrene is used in a variety of products, the demand is expected to grow at a rapid rate. Packaging, construction, and consumer electronic industries are the major consumers for polystyrene and the growth is expected to remain high with the constant rise in population. Other major regions like North America and Europe are expected to have a constant demand for polystyrene for the next six years. The major applications of polystyrene include packaging, consumer electronics, construction, medical, and home appliances etc. The durability of the product, its range of hardness, flexibility as well as its cost-effectiveness makes it a popular material in a wide range of products.
With the constant technological developments, recycling of polystyrene is also available. The waste generated from the products is not disposed off but converted into other products. All these measures would help abide by the government and environmental regulations, further enhancing the growth of the industry. With growing population in developing economies like India and China, the demand for consumer products and home appliances is bound to increase, which would indirectly trigger the demand for polystyrene.
The global Polystyrene (PS) market is valued at 19100 million US$ in 2018 is expected to reach 23500 million US$ by the end of 2025, growing at a CAGR of 3% during 2019-2025.
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This report focuses on Polystyrene (PS) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Polystyrene (PS) market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this Polystyrene (PS) report.
The following manufacturers Of Polystyrene (PS) are covered:
- The DOW Chemicals
- Boston Scientific
- Axion Polymers
- LG Chemical
- NOVA Chemicals
Polystyrene (PS) Segment by Regions
- North America
Polystyrene (PS) Segment by Type
Polystyrene (PS) Segment by Application
- Consumer Goods & Appliances
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