Press release
Styrene Market Size, Insights, Upcoming Trends And Top Players - Alpek SAB DE CV, Ashland Inc, Ineos Group AG
The global styrene market reached a value of nearly $43.3 billion in 2019, having declined at a compound annual growth rate (CAGR) of -1.29% since 2015, and is expected to decline further at a CAGR of -5.8% to nearly $34.1 billion by 2023.
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The styrene market consists of sales of styrene and related services used for making synthetic rubber, resins, and plastics and improving drying oils. Styrene is a colorless, gritty organic compound derived from benzene. Styrene is readily evaporated and also used as a precursor to polystyrene and several other copolymers. Styrene is a fragrant liquid used for making synthetic rubber, resins, and plastics and improving drying oils.
The high demand for polystyrene drives the growth of styrene market. Styrene is used to produce polystyrene through suspension polymerization. Polystyrene is a versatile plastic used for the manufacturing of refrigerators, air conditioners, ovens, microwaves, vacuum cleaners. Polystyrene is majorly used in packaging industry as it keeps food fresher for longer duration. The demand for polystyrene is high in automobile industry where it is used in manufacturing car knobs, instrument panels, trim, energy absorbing door panels and sound dampening foam. Thus, strong demand for polystyrene has resulted in rise in the demand.
Styrene Market Segmentation: -
By Type
1) Acrylonitrile butadiene styrene (ABS)
2) Expanded polystyrene (EPS)
3) Polystyrene (PS)
4) Others
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By Application
1) Automotive
2) Construction
3) Packaging consumer goods
4) Others
Few Points From Table Of Content
1. Executive Summary
2. Styrene Market Characteristics
3. Styrene Market Size And Growth
4. Styrene Market Segmentation
5. Styrene Market Regional And Country Analysis
……
25. Styrene Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Styrene Market
27. Styrene Market Trends And Strategies
28. Styrene Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the styrene market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the styrene market are Alpek SAB DE CV, Ashland Inc, Ineos Group AG, Nova Chemicals Corporation, Bayer Material science, Chevron Phillips Chemical Company LLC, ENI S.p.A.,, INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC) and Total S.A.
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