Styrenics Market : Segmented by Type (Polystyrene, Styrene Butadiene Rubber, Acrylonitrile Butadiene Styrene, Unsaturated Polyester Resin and Other), By Application (Automotive, Electrical and Electronics, Building and Construction, Packaging, Consumer products and Others), and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030
Global Styrenics Market to surpass USD 137.48 billion by 2030 from USD 79.5 billion in 2020 at a CAGR of 5.1% in the coming years, i.e., 2021-30. Product Overview Styrene is a sweet-smelling ch... もっと見る
SummaryGlobal Styrenics Market to surpass USD 137.48 billion by 2030 from USD 79.5 billion in 2020 at a CAGR of 5.1% in the coming years, i.e., 2021-30.Product Overview Styrene is a sweet-smelling chemical molecule that is a precursor to various copolymers, including polystyrene, unsaturated polyester, and others. Polystyrene is a synthetic aromatic hydrocarbon derived from the styrene monomer. It can be solid or foamed, has a low melting point, and is a weak barrier to oxygen and water vapour. Plastics are the most common application for it. Market Highlights Global Styrenics market is expected to project a notable CAGR of 5.1% in 2030. In developing nations, increasing utilization in a variety of end-use industries such as construction, packaging, and customer products presents a substantial opportunity for manufacturing employees. Innovative product development and modernization in the use of styrenics are also expected to provide ample opportunities for industry owners. Increases in the automotive and construction industries are expected to grow the global market. Global Styrenics: Segments Polystyrene segment to grow with the highest CAGR during 2020-30 Global Styrenics market is segmented by type into Polystyrene, Styrene-Butadiene Rubber, Acrylonitrile Butadiene Styrene, Unsaturated Polyester Resin, and Other. Polystyrene segment held the largest market share in the year 2020. Polystyrene is the most often utilized styrene polymer for medical applications. Due to their favorable features such as flexibility, versatility, chemical inertness, and other aesthetic and physical properties, styrenics are projected to see increased demand from the medical device industry. Building and Construction segment to grow with the highest CAGR during 2020-30 Global Styrenics market is divided by application into Automotive, Electrical and Electronics, Building and Construction, Packaging, Consumer Products, and Others. In the following years, one of the significant trends in the styrenics market will be an increase in infrastructural investments in emerging economies. As a result, increased demand from the building and construction segment is projected in the forecasted period. Market Dynamics Drivers Increase in population and awareness regarding greenhouse gas emissions The fast rise in population and affluence boosted demand for a variety of products in the automobile, construction, and food processing industries. The market for styrenics has been directly driven by the increase in demand for these goods. Furthermore, as people become more aware of the greenhouse gas influence on the environment as a result of the availability of a wide range of building raw materials, demand for styrenics has increased. Rise in environmentally friendly options and various national policies Governments all across the world are encouraging environmentally friendly options like wind energy, which can help reduce greenhouse gas emissions caused mostly by the use of fossil fuels and industrialization. The styrenics business is predicted to benefit from an increase in energy consumption as well as numerous national policies to promote green energy. The rise in population and the presence of surplus finances in the family led to an increase in consumer purchasing power in the automotive industry. The rise of the styrenics market has been fueled by an increase in demand for various automobiles. Restraint Environmental as well as health issues When exposed to styrene, it can cause irritation to the eyes, skin, respiratory issues, disorientation, nervous system depression, and other disorders. It creates carbon monoxide during incomplete combustion and toxic gases during decomposition. Because styrene-based polymers are non-biodegradable and must be burned, they pose an increased danger of explosion. The biggest market restrictions are environmental and health issues. Global Styrenics: Key Players Sabic Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis The Dow Chemical Company Total SA Repsol SA BASF SE Bayer Material Science ENI S.P. Ineos Group AG Royal DSM Other Prominent Players Global Styrenics: Regions Global Styrenics market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market for Styrenics is dominated by APAC. In the reckoning of escalating development outlines, expanding packaging and automotive manufacturers are expected to support the styrenics market growth. The APAC is the preeminent styrenics user on record of the tremendous increase in building and packaging enterprises over the projection interval. Global Styrenics is further segmented by region into: North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA Global Styrenics report also contains analysis on: Styrenics Segments: By Type Polystyrene Styrene-Butadiene Rubber Acrylonitrile Butadiene Styrene Unsaturated Polyester Resin Other By Application Automotive Electrical and Electronics Building and Construction Packaging Consumer products Others Styrenics Dynamics Styrenics Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies Involved in the Market Value Chain of the Market Market Drivers and Restraints Styrenics Market Report Scope and Segmentation Report Attribute Details Market size value in 2020 USD 79.5 billion Revenue forecast in 2030 USD 137.48 billion Growth Rate CAGR of 5.1% from 2021 to 2030 Base year for estimation 2020 Quantitative units Revenue in USD million and CAGR from 2021 to 2030 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered Type, application, and Region Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) Key companies profiled Sabic, The Dow Chemical Company, Total SA, Repsol SA, BASF SE, Bayer Material Science, ENI S.P.A, Ineos Group AG, Royal DSM, and Other Prominent Players Table of ContentsContents1. Executive Summary 2. Global Styrenics Market 2.1. Product Overview 2.2. Market Definition 2.3. Segmentation 2.4. Assumptions and Acronyms 3. Research Methodology 3.1. Research Objectives 3.2. Primary Research 3.3. Secondary Research 3.4. Forecast Model 3.5. Market Size Estimation 4. Average Pricing Analysis 5. Macro-Economic Indicators 6. Market Dynamics 6.1. Growth Drivers 6.2. Restraints 6.3. Opportunity 6.4. Trends 7. Correlation & Regression Analysis 7.1. Correlation Matrix 7.2. Regression Matrix 8. Recent Development, Policies & Regulatory Landscape 9. Risk Analysis 9.1. Demand Risk Analysis 9.2. Supply Risk Analysis 10. Global Styrenics Market Analysis 10.1. Porters Five Forces 10.1.1. Threat of New Entrants 10.1.2. Bargaining Power of Suppliers 10.1.3. Threat of Substitutes 10.1.4. Rivalry 10.2. PEST Analysis 10.2.1. Political 10.2.2. Economic 10.2.3. Social 10.2.4. Technological 11. Global Styrenics Market 11.1. Market Size & forecast, 2020A-2030F 11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12. Global Styrenics Market: Market Segmentation 12.1. By Regions 12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2. By Type : Market Share (2020-2030F) 12.2.1. Polystyrene, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.2. Styrene Butadiene Rubber, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.3. Acrylonitrile Butadiene Styrene, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.4. Unsaturated Polyester Resin, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.5. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3. By Application: Market Share (2020-2030F) 12.3.1. Automotive, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.2. Electrical and Electronics, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.3. Building and Construction, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.4. Packaging, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.5. Consumer products, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.6. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 13 Company Profile 13.1. Sabic 13.1.1. Company Overview 13.1.2. Company Total Revenue (Financials) 13.1.3. Market Potential 13.1.4. Global Presence 13.1.5. Key Performance Indicators 13.1.6. SWOT Analysis 13.1.7. Product Launch 13.2. The Dow Chemical Company 13.3. Total SA 13.4. Repsol SA 13.5. BASF SE 13.6. Bayer Material Science 13.7. ENI S.P. 13.8. Ineos Group AG 13.9. Royal DSM 13.10. Other Prominent Players 14 Consultant Recommendation **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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