Market Overview

Styrene Manufacturing: Global Markets to 2023

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Styrene Manufacturing: Global Markets to 2023

PR Newswire

NEW YORK, August 27, 2018 /PRNewswire/ -- Report Scope
This research report categorizes the styrene market by type including polystyrene, expanded polystyrene, ABS (Acrylonitrile butadiene styrene, SAN (Styrene Acrylonitrile), SBL (Styrene Butadiene Latex), SBR (Styrene-butadiene rubber), unsaturated polyester (UP), resins and others.

Read the full report: https://www.reportlinker.com/p05492031

Report Includes
- 98 tables
- An overview of the global market for styrene manufacturing within the industry
- Country specific data and analysis of United States, France, Germany, Italy, UK, China, India, Japan, Brazil, Russia, Middle East and Africa
- Coverage of major trends and challenges, including technological developments, economic growth, and changing regulatory environment that can affect the global market
- Examination of expenditure per capita and styrene manufacturing indicators comparison
- Description of market growth, with detailed regional and country analyses, including regions and major emerging markets
- Profiles of major players in the industry, including Chevron Phillips Chemical Company Llc, Eni S.P.A., Ineos Styrolution Holding Ltd., and Saudi Basic Industries Corp.

Summary
The global styrene market outlook is positive with particular growth potential for polymer modification.Emerging market growth and rapid urbanizationmean increasing demand for plastic and rubber consumer durable products.

There is mounting pressure to implement sustainable eco-friendly manufacturing practices and improve quality of styrene products.

The styrene market reached a value of nearly $REDACTED billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED% to nearly $REDACTED billion by 2023.

The styrene market is fragmented. Major players in the market are Chevron Phillips Chemical Company LLC, ENI S.p.A., INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC) and Total S.A. The polystyrene segment accounted for the largest share of the styrene market in 2018 at $REDACTED billion.The highest growth is projected to come from UPE, which is forecast to grow at a CAGR of REDACTED%. Major growth factors included a rapid increase in the demand for plastic and rubber consumer durables; this is expected to contribute to the demand for styrene. Busy lifestyles are increasing the demand for the plastic food packaging products used by food delivery and retail companies.

Asia-Pacific is the largest styrene market, accounting for REDACTED% of the global market.It is followed by the North America and Western Europe regions.

Going forward, the fastest growth in the styrene market is expected in North America, at a CAGR of REDACTED%, followed by Asia-Pacific at a CAGR of REDACTED%.

China is the largest market by country in terms of value in the styrene market. India and China will have the fastest growth, growing at a CAGR of REDACTED% and REDACTED%, respectively.

The market is challenged by restraints such as rising trade protectionism and stringent regulations on plastic products.

Scope of Report
This research report categorizes the styrene market by type including polystyrene, expanded polystyrene, ABS (Acrylonitrile butadiene styrene, SAN (Styrene Acrylonitrile), SBL (Styrene Butadiene Latex), SBR (Styrene-butadiene rubber), unsaturated polyester (UP), resins and others.

Reasons for Doing This Study
Government support for chemical manufacturing companies including styrene in the form of tax waivers and subsidies, rapid growth in the demand for plastic packaging products from retail and food delivery companies has led to an increase in the demand of styrene products. Global industry leaders and large organizations see an expanded role for automation and robotics in the styrene products industry.

The global styrene market is growing due to increasing demand for plastic packaging products and consumer durables which use plastics, rapid urbanization in emerging markets. These factors along with growth in the demand for rubber products such as tires and other molded rubber products which use styrene products such as SBR (Styrene Butadiene Rubber) and SBL(Styrene Butadiene Latex).

The styrene market is fragmented. Major players in the market are Chevron Phillips Chemical Company LLC, ENI S.p.A., INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC) and Total S.A.

Read the full report: https://www.reportlinker.com/p05492031

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