October 9, 2017 - 5:40 AM EDT
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Global Styrene Market - Market Segmentation & Analysis 2017 - Research and Markets


The "Global Styrene Market - Size, Share, and Forecast (2017 - 2022)" report has been added to Research and Markets' offering.

The global styrene market is majorly driven by polystyrene and expandable polystyrene consumption. The market for styrene is highly diversified, which includes various types of derivatives each having a wide range of applications across various sectors of the market.

The demand for expanded polystyrene (EPS) is expected to drive the global styrene market. EPS is the fastest growing styrene derivative and accounts for 25% of the global consumption. The EPS market continues to grow due to demand from the construction sector, however, the same demand is not reflected in the packaging sector. General purpose polystyrene (PS) market is the largest consumer of styrene accounting for nearly 35% of the global styrene consumption. Yet, the PS market growth is expected to be steady, due to the influence of substitutes like PET.

Excess supply and mature markets in the developed countries are expected to restrain polystyrene market, however, there is a better demand from construction and packaging industries in developing markets. Styrene consumption for EPS, SBR and ABR are expected to witness high growths. Healthy growth of appliance market is expected to benefit the ABS market. Styrene is a hazardous chemical and possibly carcinogenic. Instability in crude oil prices, decreasing demand from developing countries and reduced supply from POSM facilities are expected to challenge the styrene market.

Market Trends:

  • Demand for Expanded Polystyrene from North America.
  • Demand for General-purpose and High-impact Polystyrene in Asia-Pacific.
  • Increased SBR Demand for Tire Manufacturing.
  • Wind Energy Applications of UPR.

Companies Mentioned:

  • Ineos Styrolution
  • Lg Chem Ltd.
  • Shuangliang Leasty Chemical
  • Americas Styrenics

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/zxbl2k/global_styrene

Research and Markets
Laura Wood, Senior Manager
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Related Topics: Petrochemicals

Source: Business Wire (October 9, 2017 - 5:40 AM EDT)

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