Press release
Styrene-Petrochemicals Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033
Styrene-Petrochemicals Market
As per the report, the styrene-petrochemicals market size has grown strongly in recent years. It will grow from $65.12 billion in 2023 to $70.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The styrene-petrochemicals market size is expected to see strong growth in the next few years. It will grow to $93.63 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7811&type=smp
Booming Polystyrene Market Fuels Styrene-Petrochemicals Industry Growth
The high demand for polystyrene drives the growth of the styrene-petrochemicals 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. 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 a rise in demand. For instance, India and Iran are expected to lead the capacity expansion in the forecast period to cater to the demand. In India, Supreme Petrochem and LG Polymers India are expected to add 0.15 MTPA (million tons per annum) and 0.03 MTPA (million tons per annum) respectively. Thus, the rising demand for polystyrene and its derivatives positively drives the growth of the styrene-petrochemicals market.
Advancements In Styrene Recycling Technologies Propel Sustainable Growth In The Petrochemical Industry
The companies in the styrene-petrochemicals market are working towards developing techniques to recycle styrene. To increase the efficiency and popularity of styrene, companies are investing in developing methods to recycle styrene. In January 2022, Agilyx, a Norway-based chemical recycling firm and Toyo Styrene, a Japanese chemicals firm partnered and commenced the construction of Toyo Styrene Co Ltd polystyrene (PS) chemical recycling plant in Chiba, Japan. The plant will boast the per day capacity to recycle 10 tons of post-use polystyrene, a product produced from styrene and used in the manufacturing of tires, back into new styrene monomer for the future of the industry.
The market covered in this report 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
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7811&type=discount
Major companies operating in the styrene-petrochemicals market include Alpek SAB DE CV, Ashland Inc, Ineos Group AG, Nova Chemicals Corporation, Bayer Material Science LLC, Chevron Phillips Chemical Company LLC, ENI SpA, INEOS Styrolution Holding Ltd., Saudi Arabia's Basic Industries Corporation, TotalEnergies SE, Dow Chemical Company, INEOS Styrolution Group GmbH, Koninklijke DSM NV, DuPont de Nemours Inc., Covestro AG, Trinseo PLC, LyondellBasell Industries NV, China National Petroleum Corporation, Formosa Plastics Corporation, BASF SE, LG Chem Ltd., Mitsubishi Chemical Corporation, Sumitomo Chemical Co. Ltd., Asahi Kasei Corporation, Versalis SpA, Lotte Chemical Corporation, Toray Industries Inc., Mitsui Chemicals Inc., Idemitsu Kosan Co. Ltd., Kumho Petrochemical Co. Ltd., Chi Mei Corporation, Grand Pacific Petrochemical Corp., Taiwan Styrene Monomer Corporation, Indian Oil Corporation Limited, Reliance Industries Limited
Contents of the report:
1. Executive Summary
2. Styrene-Petrochemicals Market Report Structure
3. Styrene-Petrochemicals Market Trends And Strategies
4. Styrene-Petrochemicals Market - Macro Economic Scenario
5. Styrene-Petrochemicals Market Size And Growth
…..
27. Styrene-Petrochemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/styrene-petrochemicals-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Styrene-Petrochemicals Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033 here
News-ID: 3616608 • Views: …
More Releases from The Business Research Company
Evolving Market Trends In The Specialty Oleochemicals Industry: Advancing Sustai …
The Specialty Oleochemicals Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Specialty Oleochemicals Market Size During the Forecast Period?
The Specialty Oleochemicals Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
Surge In Passenger Traffic Fueling Growth In The Passenger Security Market: Key …
The Passenger Security Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Passenger Security Market Size During the Forecast Period?
The Passenger Security Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
Global Soy Flour Market Outlook 2025-2034: Trends, Innovations, And Future Outlo …
The Soy Flour Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Soy Flour Market Size and Projected Growth Rate?
The Soy Flour Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report…
Social Media Management Market Size Projected To Reach $85.77 Billion By 2034 Wi …
The Social Media Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Social Media Management Market?
The Social Media Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034.…
More Releases for Styrene
Styrene-Ethylene-Butadiene-Styrene (SEBS) Market 2022 | Detailed Report
This report provides an informative view about the competitive aspect of the global market. It includes detailed picture of the exhibition of a portion of the essential global players working in the Styrene-Ethylene-Butadiene-Styrene (SEBS) market. The research study also provides historical record with profits predictions and forecasts from 2022 to 2028. Also, the business manufacturing of the notable manufacturers is also emphasized with technical data in the report.
This report is…
Styrene Butadene Styrene Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Styrene Butadene Styrene Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Styrene Butadene Styrene players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Styrene Butadene Styrene with respect…
Styrene Ethylene Butylene Styrene Market Latest Report with Forecast 2018 – 20 …
Thermoplastic elastomers (TPEs) are a class of copolymers (typically a mixture of rubber and plastic) that contain materials with both elastomeric and thermoplastic properties. There are six generic classes of commercial TPEs, out of which one is styrenic block copolymers (SBC), in which styrene ethylene butylene styrene (SEBS) is categorized. It accounts for a majority share of over 65% of the total SBCs. SEBS polymer is a type of TPE…
Thermoplastic Elastomers (TPE) Market | By Product | Thermoplastic Polyolefins , …
The Thermoplastic Elastomers (TPE) market research report recently published by Crystal Market Research Reports offers a detailed study of Thermoplastic Elastomers (TPE) industry across the globe with prime focus on major regions including North America, Europe, and Asia. Intially, the report covers basic information related to Thermoplastic Elastomers (TPE) market such as Thermoplastic Elastomers (TPE) definition, product types, range of applications, supply and demand analysis of Thermoplastic Elastomers (TPE) industry.
The…
Styrene Butadiene Styrene (SBS) Sales Market Segmentation and Forecast to 2025
This report studies the global Styrene Butadiene Styrene (SBS) market status and forecast, categorizes the global Styrene Butadiene Styrene (SBS) market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
In 2017, the global Styrene Butadiene Styrene (SBS) market size was xx…
Europe Styrene Isoprene Styrene (SIS) Market Products, Services and Solutions
MarketResearchReports.Biz adds “Europe Styrene Isoprene Styrene (SIS) Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Styrene Isoprene Styrene (SIS) and the growth estimates for the forecasted period.
Styrene Isoprene Styrene (SIS) is high performance thermoplastic elastomers with a combination of high strength, low hardness and low viscosity for easy thermoplastic processing as a melt or in solution. SIS…
