Market of Polystyrene is Projected to Register a CAGR of 5.2%

Date: 2015-08-05

“The report covers the important North American polystyrene markets. It further divides the market on the basis of applications and region. The market data for these types is given with respect to volume (kilotons) and value ($million). The market of polystyrene is projected to register a CAGR of 5.2% between 2013 and 2018. The data mentioned in the report are based on the regional demand for the polystyrene. 

The total market for polystyrene in North America has been analyzed to understand the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to polystyrene raw materials, manufacturers, and end users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players which are contributing to the North American polystyrene industry.

The impact of different market factors, such as drivers, inhibitors, and opportunities is also illustrated in the report. The key drivers such as increasing demand from end-user industries, growing demand from the plastic and rubber industry, and lack of alternative sources; and inhibitors such as preference to organic materials and environmental impact of using polystyrene have been analyzed in the report. 

The North American polystyrene market is also classified based on different applications. The important applications include packaging, electronics, appliances, construction, and others. The electronics and appliances industries are expected to show rapid growth in the future. 

The key companies in this market are Styrolution Petrochemicals (Germany), TOTAL Petrochemicals (France), Farmosa Plastic Corporation (Taiwan), BASF SE (Germany), Trinseo (U.S.), and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in 2012 & 2013 that are driving the demand of polystyrene. Their strategy to capture the market in developing economies includes expansions and agreements. 

The Asia-Pacific region emerged to be the driving factor for this market, contributing for approximately 46% of the global demand in terms of consumption in 2013. The U.S. is the leading country in the consumption of polystyrene, due to the availability of cheaper raw materials and technological edge. The important emerging economies such as Brazil and India are further lined up for a brighter future in this market.

The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, expansions, and agreements undertaken by the leading polystyrene companies in the past few years. Furthermore, different polystyrene market participants are also profiled in the report.

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