Global Styrene Market 2021 is expected to register a CAGR of 4.9%, during forecast period with Impact of Covid 19 Analysis

Styrene

Global “Styrene Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Styrene in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Styrene Market report categorizes the market based on manufacturers, regions, type, and application. Styrene Market reports offer a detailed assessment of the Styrene including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Styrene market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The styrene market is expected to register a CAGR of 4.9% between 2018 and 2023. The market is likely to be fueled by increasing demand for expanded polystyrene in the construction industry. Furthermore, increase in consumption of styrene in the automotive industry is projected to boost the demand during the forecast period.

Increasing Demand for Expanded Polystyrene from the United States & Canadian Construction Industry
Expanded polystyrene (EPS) is one of the most popular materials used in the construction industry. One of the major reasons is its cost-effectiveness, along with its ideal physical and mechanical properties for insulation needs. EPS is used as insulation in roofs, walls, and foundations, and serves as an integral component of insulated concrete forms (ICFs), structural insulated panels (SIPs), and exterior insulation and finish systems (EIFS). The United States construction sector is expected to grow at a rapid rate, primarily driven by the residential and infrastructure sector. Few upcoming bridge projects are located at Adams, Beaver, Bedford & Bradford, Clearfield, Clinton, Franklin, Greene, Lancaster, etc., which are scheduled for completion in 2018. This trend is expected to augment the usage of EPS in the country. With the rapid rise of construction activities in the United States and Canada, the demand for expanded polystyrene (EPS) is set to increase during the forecast period.

Packaging is the Dominating Segment
Styrene is widely used in the packaging industry, owing to its properties, such as light weight, durability, flexibility, thermal efficiency, and moisture resistivity. Styrene is used for packing food products, such as fish, meat, fruits, milk products, processed foods, consumer durables, electronics, horticulture, heavy products, and fragile pharmaceutical products, among others. Furthermore, styrene also provides a cost-effective and environment-friendly packaging solution that does not emit chlorofluorocarbons (CFC) or hydro-chlorofluorocarbons (HCFC). Additionally, changing lifestyles and increasing popularity of packaged food are augmenting the growth of the market. Thus, with the growing packaging needs across the globe, the usage of styrene is projected to grow rapidly during the forecast period.

United States is the Largest Market
The United States is also the world’s second largest market for vehicle sales and production. It contributes around 3-3.5% to the country’s GDP. The production of light vehicles in the United States reached 11 million units in 2017. Honda, Ford Motors, and General Motors are some of the major manufacturers in the country. The sales of light vehicles reached 17.5 million units. Moreover, the production of electric vehicles in the country is expected to get a boost. Tesla, an electric vehicle manufacturer, was aiming to manufacture 5,000 units per week by the end of 2017 and increase the same to 10,000 units per week by 2018. Thus, with the rising demand from the end-user industries, the demand for styrene is set to grow rapidly during the forecast period.

Major Players: INEOS Styrolution Group GmbH, BASF SE, Bayer AG, LG Chem, and Ashland Inc., among others.

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The global Styrene market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Styrene Market Report covers the Top Key-players in 2021:-

  • Americas Styrenics
  • Ashland Inc.
  • BASF SE
  • Bayer AG
  • Chevron Phillips Chemicals Company
  • INEOS Styrolution Group GmbH
  • LG Chem
  • LyondellBasell Industries Holdings B.V.
  • Mitsubishi Chemicals
  • NIPPON STEEL & SUMIKIN CHEMICAL CO. LTD
  • Perlite Construction Co.
  • Shell Chemicals
  • Shuangliang Leasty Chemical
  • SINOPEC Qingdao Refining Corp. Ltd
  • SABIC
  • The Dow Chemicals Company
  • Total Petrochemicals

Highlighted points of Styrene Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Styrene Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Styrene? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Styrene Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Styrene Market? What Was Capacity, Production Value, Cost and PROFIT of Styrene Market?
  • What Is Current Market Status of Styrene Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Styrene Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Styrene Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Styrene Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Styrene Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Styrene Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Styrene Industry?

Key Developments in the Styrene Market:

  • Major developments in 2017 covered in the report
  • And the latest major developments in 2018 covered in the report

    Reasons to Purchase the ReportAnalyzing various perspectives of the market with the help of Porter’s five forces analysisIdentify the segments that are expected to dominate the marketIdentify the regions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3 month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Styrene Market 2021 describes the Styrene industry expansion game plan, the Styrene industry knowledge supply, appendix, analysis findings, and the conclusion.

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