Styrenic Polymers Market Size And Forecast
The Global Styrenic Polymers Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Styrenic Polymers Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Styrenic Polymers Market was valued at USD 2.96 Billion in 2019 and is projected to reach USD 5.01 Billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027.
What is Styrenic Polymers?
Styrenic polymers are the efficient plastics that structure a family of main plastic products with styrene as their vital building block. styrenic polymers production is done through the polymerization of styrene monomers and chemical mixtures such as acrylonitrile, butadiene, and others. Styrenic polymers don’t have a different melting point comparative to other partially crystalline polymers. This permits faster processing of these polymers and also high dimensional stability and exceptional mechanical properties. Polystyrene is the most common styrenic polymer. Due to the growing applications such as in automotive industry, building and construction, packaging and appliances, the manufacturing of styrene-based derivatives is a rising trend.
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Global Styrenic Polymers Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Innovations in products, increase in use of styrenic polymers in the automotive industry and the demand for plastics in this industry is swelling owing to rising concerns over the reduction of the total weight of automobiles and thus meet the stringent production regulations are some factors expected to boost the growth of global styrenic polymers market. In addition, mounting popularity of the styrenic polymers in medical applications for the production of surgical instruments, portable medical devices, liquid containers, connector tubes, and bags projected to fuel the market growth. However, growing health and environmental concerns owing to use of styrene and adoption of other resins as alternative to Unsaturated Polyester Resin (UPR) are anticipated to hamper the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Styrenic Polymers Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Styrenic Polymers Market Competitive Landscape
The “Global Styrenic Polymers Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF, Lanxess AG, SABIC, Total S.A., The Dow Chemical Company, Chevron Philips Chemical Company, Chi Mei Corporation, Nova Chemicals Corporation, Asahi Kasei Corporation and Styron LLC. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Styrenic Polymers Market, By Product
• Polystyrene (PS)
• Acrylonitrile Butadiene Styrene (ABS)
• Expanded Polystyrene (EPS)
• Unsaturated Polyester Resin (UPR)
• Styrene Butadiene Rubber (SBR)
• Other Polymers
Styrenic Polymers Market, By Application
• Building and construction
• Automotive industry
• Electrical and electronics
• Consumer goods
Styrenic Polymers Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
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