CAGR of 4.35% || Global Polystyrene (PS) Market Analysis and Trends Forecast to 2026

Polystyrene is a synthetic aromatic hydrocarbon polymer made from the monomer known as styrene. Polystyrene is a versatile plastic used to make a wide variety of consumer products. As a hard, solid plastic, it is often used in products that require clarity, such as food packaging and laboratory ware.

When combined with various colorants, additives or other plastics, polystyrene is used to make appliances, electronics, automobile parts, toys, gardening pots and equipment and more.

Global polystyrene market is projected to grow at a CAGR of 4.35% during the forecast period 2020-2026. Growing potential for polystyrene in packaging industry is the chief contributor for the growth of the market.

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Some of the leading players profiled in the report include:
BASF SE, Saudi Basic Industries Corporation (SABIC), Total SA, LG Chem, INEOS Styrolution Group GmbH, Chi Mei Corporation, Formosa Plastic Corporation, Kumho Petrochemical, Versalis S.p.A., Trinseo S.A., Alpek S.A.B. de C.V.

By Product:
- General Purpose Polystyrene (GPPS)
- Expandable Polystyrene (EPS)
- High Impact Polystyrene (HIPS)

By Application:
- Packaging
- Electrical and Electronics
- Consumer Goods
- Construction

By region:
- North America (U.S., Canada, Mexico, etc.)
- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)

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Research Objective
- To analyze and forecast the market size of global polystyrene market.
- To classify and forecast global polystyrene market based on product, application.
- To identify drivers and challenges for global polystyrene market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in global polystyrene market.
- To conduct pricing analysis for global polystyrene market.
- To identify and analyze the profile of leading players operating in global polystyrene market.

The polystyrene market study answers critical questions including:

1] What tactics are being utilized by the polystyrene market players to expand their production footprint in the region?

2] What are the possibilities and threats faced by players in the global polystyrene market mutually?

3] Why the key region scale holds the majority of share in the global polystyrene market?

4] Why segment has the largest consumption in the region?

5] Which industries remain the leading consumers of the polystyrene across the globe?

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