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Polystyrene & Expanded Polystyrene Market 2024: Key players ACH Foam Technologies Inc.Flint Hills Resources,Styrochem,NOVA Chemicals , Sunpor Kunststoff Gmbh
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The fluctuations in petrochemical derivatives feedstock prices is a major hurdle for polystyrene & EPS market as it majorly depends on benzene and styrene monomer for production. Polystyrene is non-biodegradable and causes environment pollution by landfills and clogs. However, increasing popularity of EPS as an eco-friendly and recyclable product, shall be beneficial for polystyrene & EPS market in the forecast timeframe.
In 2016, polystyrene held the largest share of overall polystyrene & EPS market in terms of value and volume. Polystyrene is extensively used in packaging industry as boxes, sheets, balls, rolls, corner protectors, microbead, etc. polystyrene when clubbed with concrete acts as a solid foundation in building construction. It provides excellent high wind resistance with protection from pests and mold infestation.
EPS is an important product segment which has vast growth potential during the forecast period due to its durable, efficient and smart solutions it offers to the construction industry. This segment shall bring in ascending revenues in the forecast duration, growing at a prominent CAGR. EPS is an inert material with excellent strength & durability, which prevents pests and hence used in insulated panel systems for roofs, walls and floors and for facades in both commercial and residential buildings. It lends to design and structural integrity of buildings. It is also an effective insulation material and companies are investing in R&D to expand its application scope.
Packaging industry led the global polystyrene & EPS market in 2016 in terms of volume. Rising global demand for packaging food & beverages, medicines and other consumer products, is a prime factor driving packaging industry’s growth. Increasing per capita income and improvement in living standards of consumers in specifically Asia Pacific and Latin American countries is propelling the consumer products market, which in turn drives the packaging materials demand, and hence eventually accelerating product demand over the forecast period.
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Asia Pacific for polystyrene & EPS market is likely to witness gains close to 5% during the forecast period. It can be attributed to the constantly evolving economic conditions, which have substantially propelled building & construction industry growth in countries particularly China, India, Japan and Malaysia. Asia Pacific, in terms of volume and value, is likely to remain the global polystyrene & EPS market leader over the forecast timeframe. MEA shall witness significant gains for polystyrene & EPS market in the forecast duration due to huge investments in infrastructure development and expansion by Saudi Arabia government.
The polystyrene & EPS market is highly fragmented. Major industry share contributors include Ineos Styrenics, Synthos S.A., Nova Chemicals, Dow Chemical Company, Kumho Petrochemical, BASF SE and Total S.A. Other players include ACH Foam Technologies and Alpek S.A.B. de C.V.
Partial Chapter of the Table of Content:
Chapter 3. Polystyrene & Expanded Polystyrene Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Technology Landscape
3.5. Raw material analysis
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
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3.6.3. China
3.7. Pricing analysis
3.7.1. Cost structure analysis
3.7.2. Regional pricing
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.2. Industry pitfalls & challenges
3.9. Growth potential analysis
3.10. Porter’s analysis
3.11. Company market share analysis, 2016
3.11.1. Strategy landscape
3.12. PESTEL analysis
Chapter 4. Polystyrene & Expanded Polystyrene Market, By Product
4.1. Polystyrene & EPS market share by product, 2015 & 2024
4.2. Polystyrene
4.3. Expanded Polystyrene (EPS)
Chapter 5. Polystyrene & Expanded Polystyrene Market, By Application
5.1. Polystyrene & EPS market share by application, 2015 & 2024
5.2. Building & construction
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Electrical & electronics
5.4. Packaging
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