Summary

Vietnam polystyrene market is projected to grow at a significant rate during the forecast period. The market growth can be attributed to the rising demands for consumer electronics and growing applications of expanded polystyrene for insulation and construction purposes. The growing consumer electronics market owing to the consistently increasing demand for cellular phones, portable computing devices, gaming systems, etc., and growing rates of industrialization are contributing to the growth of the Vietnam polystyrene market in coming years. Additionally, the growing application of polystyrene in various end-use industries such as automotive, furnishing, packaging, construction, etc., and fluctuations in crude oil prices are positively impacting the growth of the Vietnam polystyrene market in the forecast period. Rising demand for sustainable and lightweight solutions that provide extreme durability and increasing application of expandable polystyrene in the HVAC insulation implementations are adding to the growth of the Vietnam polystyrene market. Surging adaptations to green buildings and growing demands for environment-friendly materials used for construction are anticipated to propel the growth of the Vietnam polystyrene market. Since polystyrene has been facing strict challenges due to its ecologically hazardous footprints during manufacturing, application, and disposal, many market players are investing and emphasizing enhancing the ecological approach of polystyrene, which is anticipated to aid its market growth in coming years.
The Vietnam polystyrene market is segmented by type, sales channel, end-user, competitional landscape, and regional distribution. Based on type, the market is differentiated between general-purpose polystyrene (GPPS) and high impact polystyrene (HIPS). The HIPS segment is anticipated to register the highest growth in the Vietnam polystyrene market as high impact polystyrene is crack resistant and has good dimensional stability.
Cong Ty TNHH Polystyrene Vietnam, LG Chem Ltd., Formosa Chemical & Fibre Corp, Kumho Petrochemical, The Dow Chemicals, Sabic, Nova Chemicals, Ineos, Polimeri Europa, Supreme Petrochem, etc. are the leading players in the Vietnam polystyrene market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
• To analyze and forecast the market size of Vietnam Polystyrene Market, in terms of value.
• To classify and forecast Vietnam Polystyrene market based on type, source, application, and regional distribution.
• To identify drivers and challenges for Vietnam Polystyrene Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Polystyrene Market.
• To conduct the pricing analysis for Vietnam Polystyrene Market.
• To identify and analyze the profile of leading manufacturers in the Vietnam Polystyrene Market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Polystyrene manufacturers in Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Polystyrene manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the retailers, distribution channels and presence of all major Polystyrene manufacturers in Vietnam.
TechSci Research calculated the market size of Vietnam Polystyrene Market using a bottom-up approach, where data for various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
• Polystyrene Manufacturers
• Polystyrene Dealers and Suppliers
• Traders and Distributors
• Food & Beverages Industries
• Biotechnology Industries
• Regulatory organizations.
• Raw material suppliers and distributors.
• Research organizations and consulting companies.
• Market research and consulting firms.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Vietnam polystyrene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Vietnam Polystyrene Market, By Type:
o General Purpose Polystyrene (GPPS)
o High Impact Polystyrene (HIPS)
• Vietnam Polystyrene Market, By Sales Channel:
o Direct
o Indirect
• Vietnam Polystyrene Market, By End User:
o Packaging
o Electronics and Appliances
o Jewelry Casings
o Household/Stationery
o Others
• Vietnam Polystyrene Market, By Region:
o Northern Region
o Central Region
o Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam polystyrene market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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