Global Styrene Monomer Market Expected To Register A CAGR Of 6.9% Between 2016-2020

Date: 2016-11-22

Styrene monomer is a substance that is often created by oil and gas companies for a variety of uses. This substance ranges from clear to yellowish in color and is oily in nature. Because of the makeup of this product, it is extremely flammable, which makes proper storage essential. This is why we make sure we store this product in special carbon steel tanks that keep the temperature under control. Due to the low flashpoint of this substance, it is ideally stored at 10 to 11 degrees Celsius.

According to report, the global Styrene Monomer is expected to register a CAGR of 6.9% between 2016-2020. Geographically, the Asia is largest production region which accounted over 50% of global output; the China is the largest production country across the world, currently the average price in the three first quarters of 2016 was $1,650 /mt CFR China.

The soaring price for Styrene monomer as supply tightness due to many reasons including maintenance at so many SM plants across the world, and also increased production capacities among end-users such as expandable polystyrene in China.

In the basis of application, when it comes to its uses, styrene monomer is just a part of the equation. It is used to create styrene homopolymers and copolymers to manufacture into other products, including transparent disposable containers, blocks for insulation and vegetable and fruit boxes. Rubber can also be added to polystyrene to use in dairy product production processes, as well as in packaging materials and sheeting. This strong combination of substances makes it ideal for packaging for the protection of the products that are stored within them.

Global top Styrene Monomer manufacturers such as BASF, Styrolution, Styron, Lyondell Basell, Versalis, Repsol, Sabic, Shell Chemicals, Total Petrochemicals.

Styrene Monomer market share by region as following:

styrene-monomer

Read Full Report: http://www.gosreports.com/global-styrene-monomer-industry-2016-market-research-report/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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