Welcome to
On Feet Nation
goditac499 Online
Thomas Shaw Online
Theresa Online
According to ChemAnalyst report, “Styrene Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Styrene market witnessed a demand of around 16.46 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 3.84% until 2030 owing to its surging demand from the packaging industry.
Read Full Report Here: https://www.chemanalyst.com/industry-report/styrene-market-650
Styrene is a colorless to pale yellowish in color and is flammable, highly volatile, oily liquid with a pleasant smell. Styrene is a derivative of Benzene and produced commercially by the alkylation of Benzene with Ethylene where Ethylbenzene is produced as an intermediate which is further dehydrogenated to form the chemical compound. The compound can also be produced by another method via Ethylbenzene Hyperoxide, in which it is produced as a coproduct by reacting Propylene Oxide (PO) within POSM (Propylene Oxide/Styrene Monomer) units. Styrene finds application in manufacturing latex, synthetic rubbers and polystyrene resins which are further utilized in making insulations, disposable cutlery, food containers, pipes, plastic packaging material, automobile units, electronics parts, printing cartridges, etc.
Read Free Sample Report Online: https://www.chemanalyst.com/ChemAnalyst/RequestForm
On the basis of the derivatives of Styrene, its market is segmented into several types such as Polystyrene (PS), Acrylonitrile-Butadiene-Styrene (ABS), Unsaturated Polyester Resins (UPR), Styrene-Butadiene Rubber (SBR), and Others. Polystyrene holds the major demand share of market, globally as Polystyrene is one of the most used thermoplastic resins prominently used in the packaging sector, Polystyrene is further classified into various types such as High Impact Polystyrene (HIPS), General Purpose Polystyrene (GPPS), Expandable Polystyrene (EPS), and Extruded Polystyrene (XPS) which are further utilized in numerous applications in major end use industries such as Packaging, Electronics, Building & Construction, Healthcare and Consumer goods. Surging demand for Polystyrene from the packaging industry is likely to drive the demand for the chemical compound in the forthcoming years.
Additionally, Acrylonitrile-Butadiene-Styrene (ABS), the other derivative of Styrene finds major applications in the Automotive, Construction, Electricals and Electronics, and Household industries. Similarly, Unsaturated Polyester Resins (UPR) and Styrene Butadiene Rubber are prominently utilized in automotive, construction, and Polymer industries. Hence, growth in any of these end-use industries is likely to fuel the market over the forecast period. However, the health and environmental hazards associated with Styrene may hamper its market growth in the forecast period.
The major end use industries of the chemical compound based on its applications are Automobile, Packaging, Construction, Consumer Goods, and Others. Among these Packaging holds the largest market share globally and is anticipated to remain the same in the forecast period.
The sudden outbreak of the COVID-19 virus in the first half of 2020, across the globe led to the imposition of nationwide lockdowns by the major economies. It resulted in the disruption in the functioning of several manufacturing plants as well as the interruption in the supply and demand chain which consequently impacted most of the industries. The market was also affected in the first wave of COVID-19 as automobile and construction industries were drastically affected in the first wave of COVID -19. However, overall industry was not much affected despite the pandemics as there was a surge in the demand for Styrene due to its prominent use in Packaging industry. Moreover, after the exemption of trade restriction and resumption in the operations of all the industries in the second half of 2020, an improvement was witnessed in the Styrene market as end use industries such as construction, consumer goods and Electricals and Electronics recovered rapidly and is expected to drive the demand for the chemical compound in the forthcoming years.
Region wise, Asia Pacific holds the maximum demand share of the Styrene market and is expected that its market would grow at a promising pace through 2030 owing to rapid industrialization, urbanization, and huge consumer base in the region coupled with the ongoing construction projects and growing automobile sector in the region. Additionally, China is the leading producer of electronics and consumer goods coupled with the second leading producer of packaging material, which is likely to fuel the market in the forecast period.
According to ChemAnalyst report, “Styrene Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”, Major players for Styrene globally are Chevron Phillips Chemical Company, Bayer Material science, Royal Dutch Shell plc., Ashland Inc, Nova Chemicals Corporation, SABIC Co., Ineos Group AG, Alpek S.A.B. de C.V., Hanwha Group, Eni S.p.A., and TotalEnergies S.A. among others
“Styrene is identified as a highly used chemical commodity, that is cost effective and easy to process. Styrene is also used to Polymerized, copolymerize or blend with other polymers to form products with superior properties like Polystyrene (PS), Styrene-butadiene rubber (SBR), Acrylonitrile butadiene styrene (ABS), Styrene-acrylonitrile resin, Styrene-acrylonitrile resin, poly(styrene-co-acrylonitrile), Unsaturated Polyester Resins etc. All these Polymers have improved properties such as heat and chemical resistance, high impact resistance, UV stability, abrasion resistance, durability, and superior dimensional stability which made them material of choice for a wide range of applications. Owing to these properties, a surge in the demand of these polymers is anticipated drive the market for Styrene through the forecast period and offer several opportunities for manufacturers to expand their capacities to fill demand and supply gap in future.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
Browse Related Reports
Styrene Butadiene Rubber (SBR) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Product Type, Application, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030.
httStyrene://www.chemanalyst.com/industry-report/styrene-butadiene-rubber-sbr-market-279
Acrylonitrile Butadiene Styrene Market: Plant Capacity, Production, Operating Efficiency, Technology, End-Use, Region, Competition Forecast & Opportunities, 2015-2030.
httStyrene://www.chemanalyst.com/industry-report/acrylonitrile-butadiene-styrene-market-318
About Us
ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries since from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.
ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.
ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.
For more information, please visit us at www.chemanalyst.com
Contact Us:
Nilesh Vishwakarma
B-44 Sector-57 Noida,
National Capital Region
Tel: 0120-4523948
Mob: +91-8882336899
Email: [email protected]
© 2024 Created by PH the vintage.
Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation