Styrene Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Styrene, an organic compound, is used to manufacture plastics, synthetic fibers, and rubber. The worldwide market for styrene is influenced by the growing utilization of styrene-based products in various sectors like construction, packaging, automotive, electrical, and electronics. The forecast period is expected to grow in the market due to the increased demand for styrene-based products. However, certain regions have strict regulations on using styrene, which may hinder the market growth due to its potential environmental and health hazards. 

MARKET DYNAMICS

The global styrene market is growing at a significant rate owing to rise in the automotive, packaging and construction industries and increasing demand for expanded polystyrene from the United States & Canada construction industry. Moreover, rising demand for general-purpose and high-impact polystyrene from the Asia-Pacific regions are the factors propelling the growth of the global styrene market. However, adverse health & environmental effects, growing renewable energy use and strict government regulation regulations, especially in Europe, are presumed to hamper the overall growth of the market over the forecast period. Likewise, increasing application in various end-use industries such as construction, packaging and consumer goods in emerging economies presents a significant opportunity for the industry players.

MARKET SCOPE

The "Global Styrene Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the styrene market with detailed market segmentation by product type, end-user industry and geography. The global styrene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading styrene market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global styrene market is segmented on the basis of product type and end-user industry. On the basis of product type, the styrene market is segmented into polystyrene, expanded polystyrene, acrylonitrile butadiene styrene, styrene butadiene rubber, unsaturated polyester resins and others. Based on end-user industry, the global styrene market is segmented into, packaging, construction, consumer goods, automotive, electrical & electronics and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global styrene market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The styrene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the styrene market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the styrene market in these regions.

Styrene Market Report Analysis

Styrene Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Alpek S.A.B. de C.V.
• Americas Styrenics
• BASF SE
• Chevron Phillips Chemicals Company
• INEOS Styrolution Group GmbH
• LG Chem
• LyondellBasell Industries Holdings B.V.
• SABIC
• Shell Chemicals

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Polystyrene
• Expanded Polystyrene
• Acrylonitrile Butadiene Styrene
• Styrene Butadiene Rubber
• Unsaturated Polyester Resins

By End-User Industry

• Packaging
• Construction
• Consumer Goods
• Automotive
• Electrical and Electronics

MARKET PLAYERS

The reports cover key developments in the styrene market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from styrene market are anticipated to lucrative growth opportunities in the future with the rising demand for styrene in the global market. Below mentioned is the list of few companies engaged in the styrene market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the styrene market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.

• Alpek S.A.B. de C.V.
• Americas Styrenics
• BASF SE
• Chevron Phillips Chemicals Company
• INEOS Styrolution Group GmbH
• LG Chem
• LyondellBasell Industries Holdings B.V.
• SABIC
• Shell Chemicals
• Total S.A.  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Styrene Market Report Scope