„Global Styrene Manufacturing Market 2018 Forecast 2023“ report provides 360° view on Industry by shading light on all major factors like Key Players, Demand for Products, End User & Applications, Future Growth & Forecast.
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.
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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%.
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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.
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Table of Content
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Currencies
Geographic Breakdown
Country Breakdown
Analyst’s Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Styrene Manufacturing Market Overview
Styrene Manufacturing Market Characteristics
Polystyrene
Expanded Polystyrene
ABS (Acrylonitrile butadiene styrene)
SAN (Styrene Acrylonitrile)
SBL (Styrene Butadiene Latex)
SBR (Styrene-butadiene rubber)
Unsaturated Polyester (UP) Resins
Others
Value Chain
Styrene Manufacturing Market Size and Growth
Historic Market Growth
Forecast Market Growth
Global Styrene Manufacturing Market, by Segment
Global Styrene Manufacturing Historic and Forecast Market, by Segment, 2014-2023,
Styrene Manufacturing Market Trends and Strategies
Predictive Maintenance Using Big Data and IoT
CO2RE Foaming Technology
Migration to Low Cost Locations
Chapter 4 PESTEL Analysis
Political
Government Subsidies and Tax Waivers Benefit Chemical Manufacturing Companies
Rising Demand Due to Government Initiatives
Government Intervention and Bureaucracy
High Import Duties
Economic
Emerging Markets Attracting Investments
Globalization Making Way for Joint Ventures and FDI’s
Rising Disposable Income Increasing Demand
Currency Depreciation Affecting the Chemicals Market
Social
Technological
Increasing Productivity through IoT
Big Data Analytics to Monitor Energy Consumption
Environmental
Legal
Chapter 5 Styrene Manufacturing Market Customer Information
Sustainable Solutions for Packaging Industries
Plastic Packaging in Supermarkets
Companies Considering Automating Roles After Brexit Gap
Preference for Food Packaging
Chapter 6 Global Styrene Manufacturing Market Comparison with Macro Economic Factors
Global Per Capita Average Styrene Manufacturing Market Expenditure
Per Capita Average Styrene Manufacturing Market Expenditure, by Country
Global Styrene Manufacturing Market Size, Percentage of GDP
Global Styrene Manufacturing Market Size, Percentage of GDP, by Country
Chapter 7 Styrene Manufacturing Market Regional and Country Analysis
Chapter 8 Asia-Pacific Styrene Manufacturing Market
Chapter 9 Western Europe Styrene Manufacturing Market
Chapter 10 Eastern Europe Styrene Manufacturing Market
Chapter 11 North America Styrene Manufacturing Market
Chapter 12 South America Styrene Manufacturing Market
Chapter 13 Middle East Styrene Manufacturing Market
Chapter 14 Africa Styrene Manufacturing Market
Chapter 15 Styrene Manufacturing Market Competitive Landscape
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