Styrene Market Outlook, Overview, Growth Rate, Demands And Key Players| Alpek SAB DE CV, Ashland Inc, Ineos Group AG, Nova Chemicals Corporation, Bayer Material science

The global styrene market report by the business research company identifies high demand for polystyrene to be a major growth driver for the 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 the packaging industry as it keeps food fresher for a longer duration. The demand for polystyrene is high in the 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 rising in the demand. For instance, India and Iran are expected to lead the capacity expansion in the forecast period in order to cater to the demand. In India, Supreme Petrochem and LG Polymers India are expected to add 0.15 mtpa and 0.03 mtpa (million tonnes per annum) respectively. Thus, the rising demand for polystyrene and its derivatives positively drives the growth of the styrene market.

The global styrene market size is expected to grow from $49.3 billion in 2021 to $52.28 billion in 2022 at a compound annual growth rate (CAGR) of 6.0%. The global styrene market size is expected to grow to $62.81 billion in 2026 at a CAGR of 4.7%.

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The Asia Pacific was the largest region in the styrene market in 2021. The regions covered in the global styrene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the organic food 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.

The global styrene market is segmented -
1) By Type: Acrylonitrile butadiene styrene (ABS), Expanded polystyrene (EPS), Other Types
2) By Application: Automotive, Construction, Packaging consumer goods, Other Applications
3) By Distribution Channel: Offline, Online

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The Styrene Market Report Contents Include
1. Executive Summary
2. Styrene Market Characteristics
3. Styrene Market Size And Growth
4. Styrene Market Segmentation
5. Styrene Market Regional And Country Analysis
....
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

This 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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