Polystyrene & Expanded Polystyrene Market by Manufacturers, Regions, Type and Application Forecast to 2024
Category: #headlines  By Partha Ray  Date: 2019-09-10
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Polystyrene & Expanded Polystyrene Market by Manufacturers, Regions, Type and Application Forecast to 2024

Global Market Insights, Inc. has launched a report on Polystyrene & Expanded Polystyrene Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Videolar-Innova, one of the most renowned players in polystyrene and expanded polystyrene market, has recently expanded its monomer manufacturing capacity in Rio Grande do Sul state, Brazil. Reportedly, the company has increased its production capacity from 260,000 tons to 420,000 tons on an annual basis, given the rising demand for Polystyrene & Expanded Polystyrene Market worldwide, and further plans to become operational from 2019.

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 Videolar-Innova’s expansion can be aptly construed as a dynamic move by the company to consolidate its position in PS & EPS market. Similar moves by companies to upgrade their operational efficiencies and cater to a rather enormous product demand across the construction, packaging, and electronics sectors are slated to generate lucrative avenues for polystyrene and expanded polystyrene industry players. The robust demand for these polymers in the construction sector, owing to their excellent water resistance and thermal insulation properties have further led polystyrene & expanded polystyrene market to accrue remarkable gains in the ensuing years. In fact, reports depict the polystyrene and expanded polystyrene market size to be valued at USD 34 billion in 2016, pertaining to the massive number of infrastructure development projects across the globe.

The non-biodegradability quotient of polymers has been one of the most major concerns pertaining to the limitation of polystyrene and expanded polystyrene industry expansion. Nowadays, people are more aware about the hazardous impact of any synthetic product on the environment. In response to this fact, several governmental & private entities are organizing awareness programs to educate people about the impact of polymers on environment and the benefits of using renewable alternatives over synthetic products, which would considerably impact polystyrene & expanded polystyrene market. These factors have compelled several PS and EPS industry players to look out for options that are environmentally viable. The fact that these polystyrenes are 100% recyclable have led several companies to focus on upgrading their recycling facilities to lower the impact of PS & EPS products on the environment.

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The non-biodegradability quotient of polymers has been one of the most major concerns pertaining to the limitation of polystyrene & expanded polystyrene market expansion. Nowadays, people are more aware about the hazardous impact of any synthetic product on the environment. In response to this fact, several governmental & private entities are organizing awareness programs to educate people about the impact of polymers on environment and the benefits of using renewable alternatives over synthetic products, which would considerably impact PS and EPS market. These factors have compelled several PS and EPS industry players to look out for options that are environmentally viable. The fact that these polystyrenes are 100% recyclable have led several companies to focus on upgrading their recycling facilities to lower the impact of PS & EPS products on the environment.

In order to increase the overall production capability through chemically recycled polystyrene & expanded polystyrene market, joint ventures are a common strategy undertaken by companies. For instance, Agilyx Corp. has partnered with the styrenics provider, Ineos Styrolution to manufacture products on a large scale from its pyrolysis plant. Speaking of which, some of the key participants in polystyrene (PS) and expanded polystyrene (EPS) industry are BASF SE, Dow Chemical Company, Synthos, ACH Foam Technologies Inc., Total S.A, Synbra Holding BV, Flint Hills Resources, LLC, Kaneka Corporation, Kumho Petrochemical, and SABIC.

Partial Chapter of the Table of Content:

Chapter 4. Polystyrene & Expanded Polystyrene Market Of Product By End-user

4.1.  Polystyrene & expanded polystyrene market, product insights

4.2.  Polystyrene

4.2.1.   Market estimates and forecast of product by end-user, 2014 – 2025

·   Transportation

·   Electrical & Electronics

·   Construction

·   Consumer goods

·   Food & beverage

·   Others

4.2.2.   Market estimates and forecast by region, 2014 – 2025

4.3.  Expanded polystyrene

4.3.1.   Market estimates and forecast of product by end-user, 2014 – 2025

·   Transportation

·   Electrical & Electronics

·   Construction

·   Consumer goods

·   Food & beverage

·   Others

4.3.2.   Market estimates and forecast by region, 2014 – 2025

Chapter 5. Polystyrene & Expanded Polystyrene Market, By Application

5.1.  Polystyrene & expanded polystyrene market, application insights

5.2.  Insulation

5.2.1.   Market estimates and forecast, 2014 – 2025

5.2.2.   Market estimates and forecast by region, 2014 – 2025

5.3.  Packaging

5.3.1.   Market estimates and forecast, 2014 – 2025

5.3.2.   Market estimates and forecast by region, 2014 – 2025

5.4.  Foaming

5.4.1.   Market estimates and forecast, 2014 – 2025

5.4.2.   Market estimates and forecast by region, 2014 – 2025

5.5.  Component manufacturing

5.5.1.   Market estimates and forecast, 2014 – 2025

5.5.2.   Market estimates and forecast by region, 2014 – 2025

5.6.  Chemical intermediate

5.6.1.   Market estimates and forecast, 2014 – 2025

5.6.2.   Market estimates and forecast by region, 2014 – 2025

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Taking into account the usability of these polymers, polystyrene & expanded polystyrene market players are focusing on development of cost effective and environment friendly products. Shifting trends toward the usage of biodegradable and renewable products are also expected to favor the industry growth in the ensuing years. The extensive product demand from end-use sectors such as food service and hospitality, in tandem with the global requirement of environmental safety, will certainly fuel PS and EPS market size over the years ahead.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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