Press release
General Purpose Polystyrene (GPPS) Market Overview by Rising Trend 2020 to 2026
General Purpose Polystyrene (GPPS) Market
This report researches the worldwide General Purpose Polystyrene (GPPS) market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global General Purpose Polystyrene (GPPS) breakdown data by manufacturers, region, type and application, also analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
General purpose polystyrene (GPPS) is produced by the polymerization of the monomer styrene, which is a derivative of petroleum. It is classified as a hydrocarbon, due to composed of carbon and hydrogen atoms only. The global production of general purpose polystyrene increased from 5084.1 K MT in 2010 to 6462.4 K MT in 2014, with an average growth rate of more than 5.73%. Asia is the major manufacturing market in the world. China holds 25.41% of the global production while Asia (except China) holds 23.31% in 2014. This industry is relatively fragmented. INEOS is the world leader, which holds the 14.69% production share in 2014. Trinseo (China) is the China leader in recent years.
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Top Leading Companies of Global General Purpose Polystyrene (GPPS) Market are INEOS, Total Petrochemicals, BASF SE, Trinseo, Sabic, PS Japan, Chi Mei Corporation, Polimeri, Supreme Petrochem, Chevron Phillips Chemical, KKPC, E.Styrenics, Formosa Chemicals, Hyundai Engineering, Taita Chemical, LG Chem, Toyo Engineer and others.
Industry News:
April 09, 2019: Yet another polymer materials producer has proclaimed success in producing “virgin” polymer from depolymerized plastic waste. Ineos Styrolution (Frankfurt, Germany), a global leader in styrenics, completed the first successful test runs producing virgin polystyrene from previously depolymerized material. These experiments, completed at the company’s site in Antwerp, Belgium, can be seen as practical proof of the recyclability of polystyrene, said the company.
A lab-scale quantity of general-purpose polystyrene produced from 100% recycled styrene monomer signals a game changer in polystyrene production, the company said in its announcement. The material is the result of experimental polystyrene production runs with styrene monomer feedstock produced from depolymerization of styrenic plastic. The tests, done in cooperation with commercial partners and universities, resulted in the production of virgin material with the same product properties as polystyrene produced from new styrene monomers.
October 2, 2015: BASF SE will be offering its customers in Europe GPPS (general purpose polystyrene) from its production facility in Ludwigshafen.
As well as utilizing it for its own needs – polystyrene is used for example for manufacturing Neopor® and Styrodur® – a sufficient quantity is now available following the expiry of contractual obligations for it to be supplied to customers. “BASF was the first company to begin industrial manufacturing of polystyrene. This wealth of experience guarantees that we will be a reliable partner to our customers,” says Giorgio Greening, head of BASF’s global styrene foams business unit.
Regional Outlook of General Purpose Polystyrene (GPPS) Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
On The Basis Of Product, The General Purpose Polystyrene (GPPS) Market Is Primarily Split Into
Extrusion molding
Injection molding
Others
On The Basis Of End Users/Application, This Report Covers
Packaging
Electronic Appliances
Daily Consumer Products
Construction
Others
This allows understanding of the market and benefits from any lucrative opportunities that are available. Researchers have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. There is a detailed analysis of the change in customer requirements, customer preferences, and the vendor landscape of the overall market.
Browse Full Report at:
https://www.marketinsightsreports.com/reports/01081728445/global-general-purpose-polystyrene-gpps-market-research-report-2020?source=openpr&Mode=12
Following are major Table of Content of General Purpose Polystyrene (GPPS) Industry:
• General Purpose Polystyrene (GPPS) Market Sales Overview.
• General Purpose Polystyrene (GPPS) Market Sales Competition by Manufacturers.
• General Purpose Polystyrene (GPPS) Market Sales Analysis by Region.
• General Purpose Polystyrene (GPPS) Market Sales Analysis by Type.
• General Purpose Polystyrene (GPPS) Market Analysis by Application.
• General Purpose Polystyrene (GPPS) Market -Manufacturers Analysis.
Furthermore, this study will help our clients solve the following issues:
Cyclical dynamics - We foresee dynamics of industries by using core analytical and unconventional market research approaches. Our clients use insights provided by us to maneuver themselves through market uncertainties and interferences.
Identifying key cannibalizes - Strong substitute of a product or service is the most important threat. Our clients can identify key cannibalizes of a market, by procuring our research. This helps them in aligning their new product development/launch strategies in advance.
Spotting emerging trends – The report help clients to spot upcoming hot market trends. We also track possible impact and disruptions which a market would witness by a particular emerging trend. Our proactive analysis helps clients to have early mover advantage.
Interrelated opportunities - This report will allow clients to make decisions based on data, thereby increasing the chances that the strategies will perform better if not best in real world.
We Offer Customization on report based on specific client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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Browse Related Reports:
Extruded Polystyrene Boards Market:
https://www.marketinsightsreports.com/reports/02251105887/global-extruded-polystyrene-boards-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023?source=openpr&Mode=12
Polystyrene Foam Market:
https://www.marketinsightsreports.com/reports/1008904383/global-polystyrene-foam-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023?source=openpr&Mode=12
Polystyrene Market:
https://www.marketinsightsreports.com/reports/0914842494/global-polystyrene-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023?source=openpr&Mode=12
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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