Global Styrenics Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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Styrenics Market : Segmented by Type (Polystyrene, Styrene Butadiene Rubber, Acrylonitrile Butadiene Styrene, Unsaturated Polyester Resin and Other), By Application (Automotive, Electrical and Electronics, Building and Construction, Packaging, Consumer products and Others), and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

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Description

Styrenics Market

Global Styrenics Market to surpass USD 137.48 billion by 2030 from USD 79.5 billion in 2020 at a CAGR of 5.1% in the coming years, i.e., 2021-30.

Product Overview
Styrene is a sweet-smelling chemical molecule that is a precursor to various copolymers, including polystyrene, unsaturated polyester, and others. Polystyrene is a synthetic aromatic hydrocarbon derived from the styrene monomer. It can be solid or foamed, has a low melting point, and is a weak barrier to oxygen and water vapour. Plastics are the most common application for it.

Market Highlights
Global Styrenics market is expected to project a notable CAGR of 5.1% in 2030.
In developing nations, increasing utilization in a variety of end-use industries such as construction, packaging, and customer products presents a substantial opportunity for manufacturing employees. Innovative product development and modernization in the use of styrenics are also expected to provide ample opportunities for industry owners. Increases in the automotive and construction industries are expected to grow the global market.

Global Styrenics Market: Segments
Polystyrene segment to grow with the highest CAGR during 2020-30
Global Styrenics market is segmented by type into Polystyrene, Styrene-Butadiene Rubber, Acrylonitrile Butadiene Styrene, Unsaturated Polyester Resin, and Other. Polystyrene segment held the largest market share in the year 2020. Polystyrene is the most often utilized styrene polymer for medical applications. Due to their favorable features such as flexibility, versatility, chemical inertness, and other aesthetic and physical properties, styrenics are projected to see increased demand from the medical device industry.
Building and Construction segment to grow with the highest CAGR during 2020-30
Global Styrenics market is divided by application into Automotive, Electrical and Electronics, Building and Construction, Packaging, Consumer Products, and Others. In the following years, one of the significant trends in the styrenics market will be an increase in infrastructural investments in emerging economies. As a result, increased demand from the building and construction segment is projected in the forecasted period.

Market Dynamics
Drivers
Increase in population and awareness regarding greenhouse gas emissions
The fast rise in population and affluence boosted demand for a variety of products in the automobile, construction, and food processing industries. The market for styrenics has been directly driven by the increase in demand for these goods. Furthermore, as people become more aware of the greenhouse gas influence on the environment as a result of the availability of a wide range of building raw materials, demand for styrenics has increased.
Rise in environmentally friendly options and various national policies
Governments all across the world are encouraging environmentally friendly options like wind energy, which can help reduce greenhouse gas emissions caused mostly by the use of fossil fuels and industrialization. The styrenics business is predicted to benefit from an increase in energy consumption as well as numerous national policies to promote green energy. The rise in population and the presence of surplus finances in the family led to an increase in consumer purchasing power in the automotive industry. The rise of the styrenics market has been fueled by an increase in demand for various automobiles.
Restraint
Environmental as well as health issues
When exposed to styrene, it can cause irritation to the eyes, skin, respiratory issues, disorientation, nervous system depression, and other disorders. It creates carbon monoxide during incomplete combustion and toxic gases during decomposition. Because styrene-based polymers are non-biodegradable and must be burned, they pose an increased danger of explosion. The biggest market restrictions are environmental and health issues.

Global Styrenics Market: Key Players
Sabic
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Dow Chemical Company
Total SA
Repsol SA
BASF SE
Bayer Material Science
ENI S.P.
Ineos Group AG
Royal DSM
Other Prominent Players

Global Styrenics Market: Regions
Global Styrenics market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market for Styrenics is dominated by APAC. In the reckoning of escalating development outlines, expanding packaging and automotive manufacturers are expected to support the styrenics market growth. The APAC is the preeminent styrenics user on record of the tremendous increase in building and packaging enterprises over the projection interval.
Global Styrenics is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Styrenics Market report also contains analysis on:
Styrenics Segments:
By Type
Polystyrene
Styrene-Butadiene Rubber
Acrylonitrile Butadiene Styrene
Unsaturated Polyester Resin
Other
By Application
Automotive
Electrical and Electronics
Building and Construction
Packaging
Consumer products
Others
Styrenics Dynamics
Styrenics Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Styrenics Market Report Scope and Segmentation

Report Attribute Details
Market size value in 2020 USD 79.5 billion
Revenue forecast in 2030 USD 137.48 billion
Growth Rate CAGR of 5.1% from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, application, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled Sabic, The Dow Chemical Company, Total SA, Repsol SA, BASF SE, Bayer Material Science, ENI S.P.A, Ineos Group AG, Royal DSM, and Other Prominent Players

Additional information

Publisher

Geography Covered

Date Published

,

Pages

Format

Table of Contents

Contents
1. Executive Summary
2. Global Styrenics Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Styrenics Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global Styrenics Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Styrenics Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Type : Market Share (2020-2030F)
12.2.1. Polystyrene, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Styrene Butadiene Rubber, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Acrylonitrile Butadiene Styrene, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Unsaturated Polyester Resin, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Application: Market Share (2020-2030F)
12.3.1. Automotive, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Electrical and Electronics, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Building and Construction, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Packaging, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Consumer products, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.6. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13 Company Profile
13.1. Sabic
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. The Dow Chemical Company
13.3. Total SA
13.4. Repsol SA
13.5. BASF SE
13.6. Bayer Material Science
13.7. ENI S.P.
13.8. Ineos Group AG
13.9. Royal DSM
13.10. Other Prominent Players

14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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