Polystyrene & Expanded Polystyrene Market 2024 By Product (Polystyrene, Expanded Polystyrene) Global Key Players The Dow Chemical Company, Total S.A, BASF, Alpek S.A.B, ACH Foam Technologies Inc., Synthos S.A.

According to a new research report by Global Market Insights, Inc. Polystyrene & Expanded Polystyrene Market to set $51.5bn by 2024. The polystyrene & EPS market will be subjected to some restraints in the forecast period. Fluctuating raw materials prices including benzene, styrene monomer, etc. will likely present significant challenge to industry participants. The industry will also bear a threat of disposal and negative scrap value. About 12,000 tons of EPS is disposed of to landfill each year, that takes 240,000 cubic meters of landfill space. According to EPA, 2.3 million tons of polystyrene end up in landfills out of every three million tons of produced in the U.S. The costs of recycling polystyrene were marked over USD 3,000 per ton by the California Department of Conservation.

PS held an extensive market share more than 50% in 2016 and will likely observe the similar inclinations over the forecast period. The rise will mainly due to the rising preference for PS in construction industry on account of its swift assembly ability and low subsequent maintenance. EPS is projected to have the fastest growth over the forecast timeframe particularly for its demand in packaging, refrigerator lining and construction industry.

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Videolar-Innova, one of the most renowned players in polystyrene and expanded polystyrene market, has recently expanded its monomer manufacturing capacity in Rio Grande do Sul state, Brazil. Reportedly, the company has increased its production capacity from 260,000 tons to 420,000 tons on an annual basis, given the rising demand for PS & EPS products worldwide, and further plans to become operational from 2019. Videolar-Innova’s expansion can be aptly construed as a dynamic move by the company to consolidate its position in PS & EPS market.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. BASF SE
2. Total Petrochemicals & Refining USA Inc.
3. S.C. Adeplast S.A
4. Sunpor, Ineos Styrenics
5. Nova Chemicals
6. Synthos S.A.
7. ynbra Holding BV,
8. Synthos S.A.
9. SABIC
10. Kumho Petrochemical
11. Flint Hills Resources LLC.

Polystyrene (PS) has been gaining a rising popularity in the recent years owing to is distinguished benefits such as: strength of steel, light weight of aluminum, clarity of glass and UV-resistant properties. It has been one of the most commonly produced plastics and generated revenue close to USD 22.1 billion in 2016. Considering plastics demand by polymer type, PS and EPS together contributed to over 8% share in Europe in 2016.

It will likely witness significant demand for its usage in the packaging industry (in disposable cushioning materials, coffee cups, meat trays, etc.), in construction applications such as for roofing and glazing, road marking, hurricane panels, insulation, sanitary applications, etc. The polystyrene & EPS market will be driven by the robust growth of pharmaceutical and food & beverages industry for the product usage in packaging applications.

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Asia Pacific accounted for over 40% of the overall polystyrene & EPS market share in 2016. Following the similar trends, the industry will be mainly led by China over the forecast timeframe. Rising construction industry in the region will propel the demand for the polystyrene & EPS market.

Middle East & Africa will show promising growth by 2024. Huge capital investments from governments of Saudi Arabia and other Gulf countries for expanding their infrastructure will complement polystyrene & EPS market size by 2024.

Report 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
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
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Expanded Polystyrene (EPS)
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024

Chapter 5. Polystyrene & Expanded Polystyrene Market, By Application

5.1. Polystyrene & EPS market share by application, 2015 & 2024
5.2. Building & construction
5.3. Electrical & electronics
5.4. Packaging

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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