Polystyrene Market is predicted to reach USD 40 Billion at a CAGR of 5.00% during the forecast period:

Pune, India, september, 2023/MRFR Press Release/- Market Research Future published a Half Cooked Research Report on “Global  Polystyrene Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2030.

Market Research Future (MRFR) has published a cooked research report on the “Global Polystyrene Market” that contains information from 2018 to 2030. The Polystyrene market is estimated to register a CAGR of 5.00% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Polystyrene market— Total Petrochemicals & Refining USA Inc., BASF SE, Formosa Chemicals & Fibre Corporation, KUMHO PETROCHEMICAL, Chi Mei Corporation, SABIC, Trinseo, Videolar-Innova S.A., and The DOW Chemical Company.

Market Highlights

The global Polystyrene market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD  40 Billion by 2030.

The polystyrene market refers to the global industry for a versatile and widely-used styrenic polymer known for its lightweight, rigid, and insulating properties. Polystyrene is utilized in various applications, including packaging, construction, electronics, and consumer goods.

Segment Analysis

The global Polystyrene market has been segmented based on Type, Application and End-Use.

On the basis of Type, the market is segmented into General Purpose Polystyrene (GPPS), High Impact Polystyrene (HIPS), Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Others. In terms of revenue generated by the Polystyrene market, the High Impact Polystyrene (HIPS) segment held the majority share in 2022. High Impact Polystyrene is a variety of polystyrene that has undergone modifications to increase its strength and resistance to impact.

Based on Application, the global Polystyrene market has been segmented into Rigid Packaging, Flexible Packaging, Seating, HVAC Insulation, Others. As polystyrene is frequently used in the production of rigid packaging goods including disposable cups, food trays, and clamshell containers, the Rigid Packaging segment owned the lion's share of the polystyrene market.

Based on End Use, the global Polystyrene market has been segmented into Packaging, Electronics, Building & Construction, Consumer Goods & Appliances, Others. Building and construction, which dominated the market in 2022, is anticipated to increase at a quicker rate over the forecast period of 2023 to 2030. In the building and construction sector, polystyrene is frequently used for insulation, packaging, and other purposes.

Regional Analysis

The global Polystyrene market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Polystyrene market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Polystyrene market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Polystyrene market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific Polystyrene Market dominated this market in 2022. The region has a sizable population and a middle class that is expanding quickly, which has led to an increase in demand for consumer goods and packaging. A significant centre for the production of polystyrene and other plastic products is the Asia-Pacific area. The region has become a desirable location for foreign investment in the plastics industry due to the availability of inexpensive labour and supportive government regulations.

Additionally, The third-largest market share for polystyrene is held by Europe. Polystyrene is widely used in the construction sector in Europe, particularly for insulation purposes. Polystyrene is extensively used in the consumer products sector of the area for toys, appliances, and packaging. One of the biggest users of polystyrene in Europe is the packaging sector, where it is used for a variety of purposes including food, cosmetic, and electronic packaging. The expansion of the polystyrene recycling sector in the area has also been facilitated by the circular economy initiatives and waste management regulations of the European Union.

Moreover, From 2023 to 2030, North America's polystyrene market is anticipated to experience the quickest CAGR growth. This is a result of the rising demand for polystyrene in a variety of industries, including packaging, building, and consumer goods. The demand for polystyrene foam in the packaging industry is being driven by the expanding e-commerce sector and the need for environmentally friendly packaging options.

Key Findings of the Study

• The global Polystyrene market is expected to reach USD 40 Billion by 2030, at a CAGR of 5.00% during the forecast period.


• The Asia-Pacific Polystyrene Market dominated this market in 2022. The region has a sizable population and a middle class that is expanding quickly, which has led to an increase in demand for consumer goods and packaging.


• Based on End Use, Building and construction, which dominated the market in 2022, is anticipated to increase at a quicker rate over the forecast period of 2023 to 2030.


• Total Petrochemicals & Refining USA Inc., BASF SE, Formosa Chemicals & Fibre Corporation, KUMHO PETROCHEMICAL, Chi Mei Corporation, SABIC, Trinseo, Videolar-Innova S.A., and The DOW Chemical Company.

Read More Article Details -  polystyrene market