Press release
Styrene Global Market Size, Share, Growth, Trends, By Type, By Application, By Region And Segment Forecasts, 2023-2032 | Alpek SAB DE CV, Ashland Inc., Ineos Group AG, ENI S.p.A., Bayer Material science
As per the styrene market report by The Business Research Company, the high demand for polystyrene drives the growth of 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, and vacuum cleaners.
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global styrene market size is expected to grow to $62.81 billion in 2026 at a CAGR of 4.7%.
Read More On The Styrene Market Report Here:
https://www.thebusinessresearchcompany.com/report/styrene-global-market-report
Major competitors in the styrene market include 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 styrene market is segmented -
• By Type: Acrylonitrile butadiene styrene (ABS), Expanded polystyrene (EPS), Other Types
• By Application: Automotive, Construction, Packaging consumer goods, Other Applications
• By Distribution Channel: Offline, Online
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Asia-Pacific was the largest region in the Styrene market.
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Styrene is a colorless, gritty organic compound derived from benzene. Styrene is readily evaporable and is also used as a precursor to polystyrene and several other copolymers.
The Table Of Content For The Styrene Market Include:
1. Executive Summary
2. Styrene Market Characteristics
3. Styrene Market - Macro Economic Scenario
4. Styrene Market Size And Growth
5. Styrene Market Segmentation
.....
26. Styrene Market Competitive Landscape And Company Profiles
27. Key Mergers And Acquisitions In The Styrene Market
28. Styrene Market Trends And Strategies
29. Styrene Market Future Outlook and Potential Analysis
30. Appendix
The "Global Styrene Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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