Specialty Polystyrene Resin Market Valued $137.40 million by 2026 | A report by Pacur LLC, Taita Chemical Co. Ltd., Versalis, The EPS-Designer, Styropek, SEKISUI PLASTIC, BASF SE, Nova Chemicals Corporation and others

Specialty polystyrene resin is type of lightweight polymer foam that have high weight-to-strength ratio. They are majorly used as a protection layer in the packaging industry due to its cells not being cross-linked, with its molecular structure composing of individual cells of polystyrene.
Market Analysis:
Global Specialty Polystyrene Resin Market is expected to rise from its initial estimated value of USD 115 million in 2018 growing with a CAGR of 2.25% in the forecast period of 2019-2026, resulting in a projected value of USD 137.40 million by 2026. This projected growth of the market value can be attributed to the environmental friendly and recyclable capabilities of the products.
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Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
Main Specialty Polystyrene Resin Market Competitors:
• Total
• Innova
• RING Companies
• Trinseo
• Knauf Insulation
• LG Chem
• Polysource
• Jackon GmbH
• Eastman Chemical Company
• Atlas Roofing Corporation
• Pacur LLC
• Taita Chemical Co. Ltd.
• Versalis
• The EPS-Designer
• Styropek
• SEKISUI PLASTICS CO.LTD.
• BASF SE
• Nova Chemicals Corporation
• Synthos
• StyroChem
• SABIC
• Styrolution

Key Developments in the Market:
• In June 2018, BASFF SE announced the expansion of “Neopor”, their expandable polystyrene containing graphite. This expansion is a result of increased demand for the product from various regions of the world. The expansion is expected to increase by 40,000 metric tons annually at the two production sites in Ludwigshafen, Germany and Ulsan, Korea.
• In September 2016, Synthos announced that they had completed the acquisition of INEOS Styrenics GmbH from INEOS Enterprises. This acquisition will help establish Synthos as a market leader for expandable polystyrene in the European region.

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Market Drivers:
Growth in the various end-user industries resulting in increased demand for the product due to its major applications

Market Restraints:
Vulnerable and fluctuation raw material prices affected along with the availability of effective substitutes is expected to restrain the market growth

Segmentation:
By Function
• Insulation
• Protection
• Cushioning & Others

By Application
• Healthcare
• Building & Construction
• Automotive & Transportation
• Protective Packaging
• Electrical & Electronics
• Others

Competitive Analysis:

Global specialty polystyrene resin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of specialty polystyrene resin market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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