Styrenic Polymers Market Research Report - Global Forecast till 2030

Styrenic Polymers Market: Information by Type (General Purpose Polystyrene (GPPS), High Impact Polystyrene (HIPS), Acrylonitrile Butadiene Styrene (ABS), Styrene Acrylonitrile (SAN)), End-Use Industry (Automotive and Transportation, Building and Construction, Packaging, Consumer Goods, Medical, Sports & Leisure, and Personal Care), Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2030

ID: MRFR/CnM/0515-HCR | February 2021 | Region: Global | 140 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 Assumptions & Limitations

2.4 Market Structure

2.5 Key Takeaways

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends

6 Market Factor Analysis

6.1 Supply Chain Analysis

6.1.1 Raw Material Suppliers

6.1.2 Manufacturers/Producers

6.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

6.1.4 End-Users

6.2 Porter’s Five Forces Analysis

6.2.1 Threat of New Entrants

6.2.2 Intensity of Competitive Rivalry

6.2.3 Threat of Substitutes

6.2.4 Bargaining Power of Suppliers

6.2.5 Bargaining Power of Buyers

6.3 Pricing Analysis


Global Styrenic Polymers Market, by Type


7.1 Introduction

7.2 General Purpose Polystyrene

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Region, 2020-2027

7.3 High Impact Polystyrene

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.4 Acrylonitrile Butadiene Styrene

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.5 Styrene Acrylonitrile

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Region, 2020-2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast, by Region, 2020-2027


Global Styrenic Polymers Market, by End-Use Industry


8.1 Introduction

8.2 Automotive and transportation

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, by Region, 2020-2027

8.3 Building and construction

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, by Region, 2020-2027

8.4 Packaging

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast, by Region, 2020-2027

8.5 Consumer Goods

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast, by Region, 2020-2027

8.6 Medical

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast, by Region, 2020-2027

8.7 Sports & Leisure

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast, by Region, 2020-2027

8.8 Personal Care

8.8.1 Market Estimates & Forecast, 2020-2027

8.8.2 Market Estimates & Forecast, by Region, 2020-2027

8.9 Others

8.9.1 Market Estimates & Forecast, 2020-2027

8.9.2 Market Estimates & Forecast, by Region, 2020-2027


Global Styrenic Polymers Market, by Region


9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast, by Type, 2020-2027

9.2.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast, by Type, 2020-2027

9.2.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast, by Type, 2020-2027

9.2.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast, by Type, 2020-2027

9.3.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast, by Type, 2020-2027

9.3.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast, by Type, 2020-2027

9.3.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast, by Type, 2020-2027

9.3.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast, by Type, 2020-2027

9.3.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast, by Type, 2020-2027

9.3.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast, by Type, 2020-2027

9.3.9.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast, by Type, 2020-2027

9.3.10.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast, by Type, 2020-2027

9.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast, by Type, 2020-2027

9.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast, by Type, 2020-2027

9.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast, by Type, 2020-2027

9.4.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.7 Australia & New Zealand

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast, by Type, 2020-2027

9.4.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.8 Indonesia

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast, by Type, 2020-2027

9.4.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast, by Type, 2020-2027

9.4.9.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast, by Type, 2020-2027

9.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast, by Type, 2020-2027

9.5.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast, by Type, 2020-2027

9.5.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.6 South Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast, by Type, 2020-2027

9.5.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast, by Type, 2020-2027

9.5.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast, by Type, 2020-2027

9.5.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast, by Type, 2020-2027

9.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast, by Type, 2020-2027

9.6.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast, by Type, 2020-2027

9.6.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast, by Type, 2020-2027

9.6.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast, by Type, 2020-2027

9.6.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027


Competitive Landscape


10.1 Introduction

10.2 Market Strategy Analysis

10.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)


Company Profiles


11.1 Asahi Kasei Corporation

11.1.1 Company Overview

11.1.2 Financial Overview

11.1.3 Product/Business Segment Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategies

11.2 JSR Corporation

11.2.1 Company Overview

11.2.2 Financial Overview

11.2.3 Product/Business Segment Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategies

11.3 ARLANXEO

11.3.1 Company Overview

11.3.2 Financial Overview

11.3.3 Product/Business Segment Overview

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategies

11.4 Lion Elastomers

11.4.1 Company Overview

11.4.2 Financial Overview

11.4.3 Product/Business Segment Overview

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategies

11.5 Versalis SpA

11.5.1 Company Overview

11.5.2 Financial Overview

11.5.3 Product/Business Segment Overview

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategies

11.6 Reliance Industries Limited

11.6.1 Company Overview

11.6.2 Financial Overview

11.6.3 Product/Business Segment Overview

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Key Strategies

11.7 Zeon Corporation

11.7.1 Company Overview

11.7.2 Financial Overview

11.7.3 Product/Business Segment Overview

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategies

11.8 LG Chem

11.8.1 Company Overview

11.8.2 Financial Overview

11.8.3 Product/Business Segment Overview

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategies

11.9 Trinseo

11.9.1 Company Overview

11.9.2 Financial Overview

11.9.3 Product/Business Segment Overview

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategies

11.10 KUMHO PETROCHEMICAL

11.10.1 Company Overview

11.10.2 Financial Overview

11.10.3 Product/Business Segment Overview

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Key Strategies

11.11 Goodyear Rubber Company

11.11.1 Company Overview

11.11.2 Financial Overview

11.11.3 Product/Business Segment Overview

11.11.4 Key Developments

11.11.5 SWOT Analysis

11.11.6 Key Strategies


Appendix


 

LIST OF TABLES


Table 1 Global Styrenic Polymers Market, by Region, 2020-2027

Table 2 North America: Styrenic Polymers Market, by Country, 2020-2027

Table 3 Europe: Styrenic Polymers Market, by Country, 2020-2027

Table 4 Asia-Pacific: Styrenic Polymers Market, by Country, 2020-2027

Table 5 Middle East & Africa: Styrenic Polymers Market, by Country, 2020-2027

Table 6 Latin America: Styrenic Polymers Market, by Country, 2020-2027

Table 7 Global Styrenic Polymers Market, for Type, by Region, 2020-2027

Table 8 North America: Styrenic Polymers Market, for Type, by Country, 2020-2027

Table 9 Europe: Styrenic Polymers Market, for Type, by Country, 2020-2027

Table 10 Asia-Pacific: Styrenic Polymers Market, for Type, by Country, 2020-2027

Table 11 Middle East & Africa: Styrenic Polymers Market, for Type, by Country, 2020-2027

Table 12 Latin America: Styrenic Polymers Market, for Type, by Country, 2020-2027

Table 13 Global Styrenic Polymers Market, for End-Use Industry, by Region, 2020-2027

Table 14 North America: Styrenic Polymers Market, for End-Use Industry, by Country, 2020-2027

Table 15 Europe: Styrenic Polymers Market, for End-Use Industry, by Country, 2020-2027

Table 16 Asia-Pacific: Styrenic Polymers Market, for End-Use Industry, by Country, 2020-2027

Table 17 Middle East & Africa: Styrenic Polymers Market, for End-Use Industry, by Country, 2020-2027

Table 18 Latin America: Styrenic Polymers Market, for End-Use Industry, by Country, 2020-2027

Table 19 Global Type Market, by Region, 2020-2027

Table 20 Global End-Use Industry Market, by Region, 2020-2027

Table 21 North America: Styrenic Polymers Market, by Country, 2020-2027

Table 22 North America: Styrenic Polymers Market, by Type, 2020-2027

Table 23 North America: Styrenic Polymers Market, by End-Use Industry, 2020-2027

Table 24 Europe: Styrenic Polymers Market, by Country, 2020-2027

Table 25 Europe: Styrenic Polymers Market, by Type, 2020-2027

Table 26 Europe: Styrenic Polymers Market, by End-Use Industry, 2020-2027

Table 27 Asia-Pacific: Styrenic Polymers Market, by Country, 2020-2027

Table 28 Asia-Pacific: Styrenic Polymers Market, by Type, 2020-2027

Table 29 Asia-Pacific: Styrenic Polymers Market, by End-Use Industry, 2020-2027

Table 30 Middle East & Africa: Styrenic Polymers Market, by Country, 2020-2027

Table 31 Middle East & Africa: Styrenic Polymers Market, by Type, 2020-2027

Table 32 Middle East & Africa: Styrenic Polymers Market, by End-Use Industry, 2020-2027

Table 33 Latin America: Styrenic Polymers Market, by Country, 2020-2027

Table 34 Latin America: Styrenic Polymers Market, by Type, 2020-2027

Table 35 Latin America: Styrenic Polymers Market, by End-Use Industry, 2020-2027

 

LIST OF FIGURES


FIGURE 1 Global Styrenic Polymers Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Styrenic Polymers Market

FIGURE 4 Supply Chain Analysis of Global Styrenic Polymers Market

FIGURE 5 Share of Styrenic Polymers Market, by Country, 2020 (%)

FIGURE 6 Global Styrenic Polymers Market, 2020-2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Global Styrenic Polymers Market Size, by Type, 2020 (%)

FIGURE 9 Share of Global Styrenic Polymers Market, by Type, 2020-2027

FIGURE 10 Sub-Segments of End-Use Industry

FIGURE 11 Global Styrenic Polymers Market Size, by End-Use Industry, 2020 (%)

FIGURE 12 Share of Global Styrenic Polymers Market, by End-Use Industry, 2020-2027

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Market Synopsis


Styrenic polymers are the economical plastics that make up a family of major plastic products with styrene as their key building block. These polymers can be easily processed well above their softening point and also over a wide temperature range due to their amorphous structure. Styrenic polymers do not have a distinct melting point as compared to other partly crystalline polymers. This allows not only faster processing of these polymers but also high dimensional stability and excellent mechanical properties. The examples of styrene polymers are polystyrene, expandable polystyrene, styrene-acrylonitrile copolymer, styrene-methyl methacrylate copolymer, acrylonitrile-butadiene-styrene copolymer, and acrylonitrile-styrene-acrylate copolymer, as well as blends of these polymers with polyphenylene ether (PPE) and polycarbonate (PC). Styrenic polymers are used to produce a variety of household goods such as cups, utensils, furniture, kitchen appliances; consumer electronics; automobile parts; sports and recreational equipment; boats; and durable, lightweight packaging products.


The global styrenic polymers market is projected to register a healthy CAGR of over 5.60% during the forecast 2021-2030. The prominent driving factors for the market growth is the increasing use of styrenic polymers in the automotive industry. The demand for plastics in this industry is increasing on account of the growing concerns over the reduction of the overall weight of automobiles and thereby meet the stringent emission regulations. According to the American Chemistry Council, reducing the weight of a vehicle by 10% can improve the fuel economy by 6-8%. Plastics reduce the weight of modern cars, thereby lowering fuel consumption in the average car by 750 liters over a lifespan of 150,000 km. In addition, the use of plastics has benefited manufacturers by reducing vehicle assembly time and costs. There are different styrenic polymers, including acrylic-styrene-acrylonitrile copolymer (copolymer of SAN and acrylic rubber),  ABS, and PC/ASA blends. In addition to the usual surface aesthetics provided, these polymers also provide scratch resistance, high Impact strength, excellent weatherability, and UV stability. The major automotive applications include unpainted exterior parts such as front grilles, radiator grille, side mirror housings, and rear-view mirrors, and interior electroplated components. Significant growth of the automotive industry in the emerging economies of Asia-Pacific and the Middle East & Africa is expected to propel the market growth during the forecast period further.


Another key factor propelling market growth is the growing popularity of the styrenic polymers in medical applications for the manufacture of surgical instruments, liquid containers, portable medical devices, connector tubes, and bags. The shift from the use of PVC to styrenic polymers, owing to the several functional and environmental advantages offered by the latter is likely to boost its demand in the medical industry during the review period.


The key players operating in the global market are adopting various business strategies such as expansions, investments, mergers & acquisitions in order to strengthen their market hold. For instance, the capacity expansion plans by INEOS Styrolution Group GmbH to increase its annual compounding capacity for acrylonitrile butadiene styrene (ABS) and acrylonitrile styrene acrylate (ASA) plastics by an additional 34 kilotons at its Moxi plant (Gujarat, India) to meet the rising demand for ABS and ASA in the automotive industry in India.  


The fluctuations in crude oil prices are expected to hinder the prices of raw materials for the styrenic polymers, which is expected to be a key factor hindering the global market growth during the review period.


Regional Analysis


The global styrenic polymers market has been segmented into five key regions—Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. The regional market in Asia-Pacific dominated the global market, accounting for a market share of over 50% of the global market in 2018. Significant growth of the automotive and consumer goods industries in the region is expected to be a prominent factor driving the regional market growth. The automotive industry in India, China, Japan, South Korea, and Thailand are expected to be the major consumers of the styrenic polymers in the regional market in the years to follow. The automotive industry in Asia-Pacific is the largest globally, with major contributions from the emerging economies, including China, India, and the Southeast Asian countries. China is estimated to be the leading market for styrenic polymers in the region, whereas the market in India is expected to be the lucrative market for these polymers. The growing need for achieving reductions in component weight and economic fuel consumption as well as satisfying the aesthetic appeals is boosting demand for these plastics in the regional market. Additionally, increased spending and rising per capita income of individuals, has been pushing the consumer goods industry in the region, and hence the demand for styrenic polymers in this industry.


North America is expected to be the second-largest regional market, which is primarily attributed to the expanding healthcare and automotive industries in the region. The large-scale use of styrenic polymers in the manufacturing of medical devices and lightweight automobiles is expected to be the key factor favoring the regional market growth.


The regional market in the Middle East & Africa is expected to be the other fast-growing regional market on account of the expanding automotive sector in the region. The packaging and consumer goods industries are expected to be the major consumers for the product in the years to follow.


Market Segmentation


The global styrenic polymers market has been segmented on the basis of type, end-use industry, and region. Based on type, the global styrenic polymers market has been classified as General purpose polystyrene (GPPS), high impact polystyrene (HIPS), acrylonitrile butadiene styrene (ABS), styrene acrylonitrile (SAN), and others. By end-use industry, the global styrenic polymers market has been divided into automotive and transportation, building and construction, packaging, consumer goods, medical, sports & leisure, personal care, and others. The global styrenic polymers market has been studied with respect to five key regions—Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Key Players


Versalis SpA (Italy), BASF SE (Germany), NOVA Chemicals (Canada), Synthos (Poland), INEOS Styrolution Group GmbH (Germany), PS Japan Corporation (Japan), KRATON CORPORATION (US), Chi Mei Corporation (China), ELIX Polymers (Spain), LG Chem (South Korea), and Alpek S.A.B. de CV (Mexico) are the key players operating in the global styrenic polymers market.


Intended Audience



  • Styrenic polymer manufacturers

  • Traders and distributors of styrenic polymers

  • Research and development institutes

  • Potential investors

  • End-users

  • Nationalized laboratories

Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : Significant value
  CAGR   5.60% 2030
  Base Year   2021
  Forecast Period   2021 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, End User and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Versalis SpA (Italy), BASF SE (Germany), NOVA Chemicals (Canada), Synthos (Poland), INEOS Styrolution Group GmbH (Germany), PS Japan Corporation (Japan), KRATON CORPORATION (US), Chi Mei Corporation (China), ELIX Polymers (Spain), LG Chem (South Korea), and Alpek S.A.B. de CV (Mexico)
  Key Market Opportunities   The shift from the use of PVC to styrenic polymers, owing to the several functional and environmental advantages offered by the latter is likely to boost its demand
  Key Market Drivers   The prominent driving factors for the market growth is the increasing use of styrenic polymers in the automotive industry.


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Frequently Asked Questions (FAQ) :

The styrenic polymers market is projected to grow at a 5.60% CAGR between 2021-2030.

Growing demand in medical applications and growing automotive industry is adding market growth.

Fluctuations in prices of crude oil may limit market growth.

The APAC region will have the largest share in the market.

Specific strategies that industry players have incorporated to create a niche in the styrenic polymers market include mergers and acquisitions, collaborations, product development, and others.