Overview
Polystyrene Market Size was valued at USD 29 Billion in 2022. The Polystyrene market industry is projected to grow from USD 32 Billion in 2023 to USD 40 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2023 – 2030). The market research study considers the current state of the polystyrene market and its industry patterns. It gives a detailed study of multiple market growth opportunists, shortcomings, and metrics. The report presents the market with both quantitative and qualitative data. It profiles and analyses the industry’s innovative and other prominent organisations.
Market Segmentation
A detailed polystyrene market segmentation based on several parameters including type, application, and end-use industry is included in the global polystyrene market research report. p, Owing to rising demand, more income and purchasing power, presence of major companies across the world, demand for sustainable solutions, rapid urbanisation, extreme longevity, and growth in per capita income, the market for polystyrene is growing among several end-user industries. In the small country-level markets of North America, Europe, APAC, and the rest of the World, people are increasingly choosing the polystyrene market based products and services. Due to the high demand from new infrastructure projects across leading polystyrene markets and emerging country-level sectors, the polystyrene market share is expected to retain a larger proportion in the global construction industry.
Other developments, including increasing consumer buying power and vigorous polystyrene industry research and development (R&D), are expected to further fuel demand across numerous market segments.
The global polystyrene market has been segmented based on application, type, and end-use industries. On the basis of type, the market for polystyrene is segmented based on , high impact polystyrene (hips), general purpose polystyrene (gpps), extruded polystyrene (xps), expanded polystyrene (eps), and others. Additionally, the market on the basis of applications, is segmented into flexible packaging, rigid packaging, seating, hvac insulation, and others. The global market for polystyrene is also covered based on the end-user industries segment which is further split into consumer goods & appliances, electronics, packaging, building & construction, and others.
Get Free Sample Report Link Here @
https://www.marketresearchfuture.com/sample_request/2545
Regional Overview
Due to the growing acceptance of recyclable materials, and technical and manufacturing tech advances through different organizations in the polystyrene market, Asia Pacific regional market is expected to lead the polystyrene market in terms of sales volume over through the forecast timeframe 2023 – 2030. Large companies and small and medium-sized enterprises in the region have recognised the importance of the transition from plastics to recycled materials and are open to introducing committed strategies to address the core problems facing enterprises for monetary gains in the market. The polystyrene industry has been ready and willing to survive the financial crisis of the past few years better than several of the other industries as a supplier of critical goods. The low exchange rate has driven up the price of imported products and finished goods.
The global market for polystyrene has been segmented based on key regions which are further segmented into country-level markets to carry out the research and present regional-market specific information to key companies spread across the polystyrene market. The key regions covered in the report are North America, APAC, Europe, and the rest of the world. Country level markets for polystyrene in the United States, Mexico and Canada are seeing high growth. Additionally, in Europe, the polystyrene market is spread across Germany, France, Italy, Spain and the rest of Europe. Other key country-level polystyrene markets also analyzed to carry out the polystyrene market research are the Middle East, Latin America, and Africa.
Key Players
Total Petrochemicals & Refining USA Inc.
BASF SE
Formosa Chemicals & Fibre Corporation
KUMHO PETROCHEMICAL
Chi Mei Corporation
SABIC
Trinseo
INEOS Styrolution
Videolar-Innova S.A.
The DOW Chemical Company among others
Competitive Landscape
A detailed analysis of the existing market trends and forecasts for the projected period is presented by the polystyrene market research report to help identify the growth prospects in place and expand on them. The analysis offers a comprehensive examination of the pattern of the polystyrene sector, including existing and future trends to represent the prevailing investment brackets of the market.
BUY NOW Report Link Here @
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2545
Industry News
Wynnchurch Capital has confirmed that it has acquired Huntington Foam in a recent deal signed by both the companies. As a part of the deal, Wynnchurch Capital will be able to access the resources built and managed by Huntington Foam company over the years. The deal is also expected to help Wynnchurch Capital further expand its reach across the region and help expand its business by leveraging new opportunities and identifying investment areas.
Browse More Trending Market Reports :
Steel Fiber Market https://www.marketresearchfuture.com/reports/steel-fiber-market-7296
Anthracite Market https://www.marketresearchfuture.com/reports/anthracite-market-2742
Tile Adhesive Market https://www.marketresearchfuture.com/reports/tile-adhesive-market-1731
Aluminum Market https://www.marketresearchfuture.com/reports/aluminum-market-2031
Decorative High-Pressure Laminates Market https://www.marketresearchfuture.com/reports/decorative-high-pressure-laminates-market-7743
Balsa Wood Market https://www.marketresearchfuture.com/reports/balsa-wood-market-4473
Tungsten Carbide Market https://www.marketresearchfuture.com/reports/tungsten-carbide-market-5388