Polystyrene Market would rocket up to USD 15.91 billion by 2030, and is expected to undergo a CAGR of 4.95% 

Polystyrene is a lightweight plastic material commonly used in various applications due to its insulating properties and affordability. It is made from the polymerization of styrene monomers. Polystyrene is versatile and can be found in disposable food containers, packaging materials, insulation, and foam products.

Data Bridge Market Research analyses that the polystyrene market which was USD  10.81 billion in 2022, would rocket up to USD 15.91 billion by 2030, and is expected to undergo a CAGR of 4.95% during the forecast period of 2023 to 2030.  "Expanded Polystyrene (EPS)" dominates the grade segment of the polystyrene market due to its wide range of applications, including packaging materials, insulation, and construction. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-polystyrene-market

Market Definition

Polystyrene is a synthetic polymer derived from styrene monomers and is commonly used in various applications due to its lightweight, insulation properties, and affordability. These products find applications in a wide range of industries, including packaging, construction, electronics, automotive, and consumer goods. Common polystyrene products include packaging materials, disposable food and beverage containers, insulation boards, expanded foam products, and various molded items.

Opportunity

Emergence of Biodegradable Alternatives

The development of biodegradable and sustainable alternatives to conventional polystyrene, such as bio-based polymers or compostable materials, presents significant growth opportunities. Companies investing in research and development in this area can tap into the growing demand for eco-friendly solutions.

Some of the major players operating in the global polystyrene market are:

INEOS (U.K.)

Total (France)

Trinseo (U.S.)

BASF SE (Germany)

SABIC (Saudi Arabia)

SIBUR (Russia)

HIRSCH Servo AG (Austria)

ACH Foam Technologies, Inc. (U.S.)

Formosa Chemicals & Fibre Corp (Taiwan)

Chi Mei Corporation (Taiwan)

KUMHO PETROCHEMICAL (South Korea)

Alpek S.A.B. de C.V. (Mexico)

Flint Hills Resources (U.S.)

Dow (U.S.)

Kaneka Corp. (Japan)

NOVA Chemicals (Canada)

Ravago Americas LLC (U.S.)

Arkema (France)

Synthos (Poland)

Polystyrene Market Scope

The global polystyrene market is segmented on the basis of grade, form, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Grade

General Purpose Polystyrene (GPPS)

High Impact Polystyrene (HIPS)

Expandable Polystyrene (EPS)

Expanded Polystyrene (EPS)

Extruded Polystyrene (XPS)

Form

Foams

Films and Sheets

Others

End User

Automotive

Packaging

Building and Construction

Electrical and Electronics

Consumer Goods

Healthcare

Others

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