Styrenic Polymers Market To Reach Around US$ 5,442.7 Million By 2027 | Chi Mei Corporation, Kraton Polymers LLC

Styrenic polymers are a type of plastic with exceptional dimensional stability and mechanical qualities. Some styrenic polymers include acrylonitrile-butadiene-styrene, styrene-acrylonitrile, styrene-methyl methacrylate copolymer, polystyrene, expandable polystyrene, and acrylonitrile-styrene-acrylate copolymer. They're utilised to make a variety of household items like furniture, mugs, and consumer gadgets.

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Market growth is primarily driven by the increasing usage of styrenic polymers in substitution of PVC in the healthcare industry. The use of PVC materials is restricted due to a number of potential health risks associated with it. This is driving up demand for plastics like styrenic polymers, which have great mechanical properties. Furthermore, these polymers provide simple disposal, design versatility, lightweight, and improved aesthetics. All of these characteristics of styrenic polymers are driving market expansion.

Market Trends/Key Takeaways

Continuous product innovation is a key trend in the market and this is expected to propel the market growth. For instance, in June 2019, Versalis, a producer of styrenic polymers owned by Eni, has launched an innovative type of expandable polystyrene (EPS), under the trademark Extir FL 3000.

Global Styrenic Polymers Market - Impact of Coronavirus (Covid-19) Pandemic

The styrenic polymers market is expected to grow at a significant rate during the forecast period as the demand for medicine and pharmaceutical industry is rising. The demand for pharmaceutical products due to the coronavirus has peaked thereby, increasing the demand for styrenic polymers market.

Key features of the study:

This report provides in-depth analysis of the global styrenic polymers market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
This study also provides impact analysis of Coronavirus (Covid-19) pandemic on global styrenic polymers market.

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Competitive Section:

Company Names

Styrolution Group GmbH
Americas Styrenics LLC
Styron LLC (Trinseo S.A.)
Saudi Basic Industries Corporation
Chi Mei Corporation
Kraton Polymers LLC
INEOS ABS (USA) Corporation
Chevron Phillips Chemical Company LLC
Bayer MaterialScience AG
Nova Chemicals Corporation

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