Styrene Market Forecast by 2027: Analysis of Top Companies – Alpek S.A.B. de C.V., Americas Styrenics, BASF SE, Chevron Phillips Chemicals Company, INEOS Styrolution Group GmbH, LG Chem

The global Styrene Market is growing at a significant rate owing to rise in the automotive, packaging and construction industries and increasing demand for expanded polystyrene from the United States & Canada construction industry. Moreover, rising demand for general-purpose and high-impact polystyrene from the Asia-Pacific regions are the factors propelling the growth of the global styrene market. However, adverse health & environmental effects, growing renewable energy use and strict government regulation regulations, especially in Europe, are presumed to hamper the overall growth of the market over the forecast period. Likewise, increasing application in various end-use industries such as construction, packaging and consumer goods in emerging economies presents a significant opportunity for the industry players.

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Top Manufactures:
• Alpek S.A.B. de C.V.
• Americas Styrenics
• BASF SE
• Chevron Phillips Chemicals Company
• INEOS Styrolution Group GmbH
• LG Chem
• LyondellBasell Industries Holdings B.V.
• SABIC
• Shell Chemicals
• Total S.A.

Styrene monomer is an industrial chemical and important raw material for making a range of modern plastics and synthetic rubbers which are used in the production of everyday products. Materials made with styrene can be found in many familiar items including food and drink containers, packaging, rubber tyres, building insulation, carpet backing, computers and reinforced fiberglass composites such as boat hulls, surfboards and kitchen countertops. Synthetic styrene is an essential raw material for industry because of beneficial properties including strength, durability, comfort, lightweight, safety and energy efficiency. The conventional method used for the production of styrene involves the alkylation of benzene with ethylene to produce ethylbenzene, followed by dehydrogenation of ethylbenzene to styrene.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global styrene market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The styrene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Segmentation Analysis: The global styrene market is segmented on the basis of product type and end-user industry.

On the basis of product type, the styrene market is segmented into
• Polystyrene
• Expanded Polystyrene
• Acrylonitrile Butadiene Styrene
• Styrene Butadiene Rubber
• Unsaturated Polyester Resins and Others

Based on end-user industry, the global styrene market is segmented into,
• Packaging,
• Construction,
• Consumer Goods,
• Automotive,
• Electrical & Electronics And Others

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