Styrene Monomer Market Share, Demand and Analysis to 2028
The styrene monomer market was valued at US$ 29,904.30 million in 2021 and is projected to reach US$ 42,558.55 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.
Styrene monomer is used as a building block to produce a variety of plastic and rubber products. Styrene monomer is used primarily to produce polystyrene (PS). Polystyrene is used in various applications, including packaging, consumer electronics, toys, and recreational equipment. Styrene monomer is also used to produce expanded polystyrene (EPS), styrene-acrylonitrile (SAN), acrylonitrile-butadiene styrene (ABS), unsaturated polyester resins (UPR), styrene-butadiene rubber (SBR), and styrene butadiene latex (SBL).
In 2020, Asia Pacific held the largest revenue share of the global styrene monomer market. In Asia Pacific, the growing urbanization is fueling the demand for styrene monomer. The construction industry extensively uses styrene chemical-based products for building materials. In addition to this, styrene monomer chemical is widely used to manufacture paints. Furthermore, the rising strategic partnership and joint ventures among market players is expected to positively influence the market in the Asia Pacific region.
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Styrene Monomer Market: Strategic Insights
Market Size Value in US$ 29,904.30 million in 2021 Market Size Value by US$ 42,558.55 million by 2028 Growth rate CAGR of 5.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Styrene Monomer Market: Strategic Insights
| Market Size Value in | US$ 29,904.30 million in 2021 |
| Market Size Value by | US$ 42,558.55 million by 2028 |
| Growth rate | CAGR of 5.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Styrene Monomer Market
The COVID-19 pandemic has drastically altered the status of the chemicals & materials sector and negatively impacted the growth of the styrene monomer market.The significant decline in the growth of several industrial sectors has impacted the demand for styrene monomers in the global market. Various industries have faced supply chain disruption due to the COVID-19 pandemic. The demand for styrene monomer has been negatively affected due to the total shutdown of construction activities. The pandemic has also caused fluctuations in the prices of styrene monomers. However, as the economies are planning to revive their operations, the demand for styrene monomers is expected to rise globally. The previously postponed construction projects are ready to resume, which would further provide an opportunity for the styrene monomer market players to regain normalcy.Global Styrene Monomer Market Breakdown – by Region
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Market Insights
Increasing Demand from Various End-Use Industries
Styrene monomer is primarily used to produce polystyrene (PS), utilized in various everyday products. The growing demand for polystyrene for various applications such as packaging and consumer electronics is creating the demand for styrene monomers. Expandable polystyrene beads are mainly used in the insulation and packaging industry, while expanded polystyrene can enhance buildings' design and structural integrity. The increasing demand for these materials from various end-use industries is driving this market substantially.Increasing Demand from Various End-Use Industries
End-use Industry Insights
Based on end-use industry, the global styrene monomer market has been segmented into packaging, automobile, consumer goods, construction, and others. The packaging segment held the largest share of the global styrene monomer market in 2020. Solid polystyrene finds applications in packaging products and rigid foodservice containers. Polystyrene foam is used in lightweight protective packaging and foodservice containers.
Styrene Monomer Market, by End-Use Industry – 2020 and 2028
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- Request discounts available for Start-Ups & Universities
The key players operating in the global styrene monomer market include Americas Styrenics LLC (AmSty); Asahi Kasei Corporation; BASF SE; Idemitsu Kosan Co., Ltd.; INEOS Styrolution Group GmbH; LG Chem; LOTTE Chemical CORPORATION; LyondellBasell Industries Holdings B.V.; Trinseo; and Westlake Chemical Corporation. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill the customer's requirements.
Report Spotlights
- Progressive industry trends in the styrene monomer market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the styrene monomer market from 2019 to 2028
- Estimation of global demand for styrene monomer
- Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the growth of the styrene monomer market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the styrene monomer market size at various nodes
- Detailed overview and segmentation of the market, as well as the styrene monomer industry dynamics
- Size of the styrene monomer market in various regions with promising growth opportunities
Global Styrene Monomer Market
By Application
- Polystyrene
- Acrylonitrile-Butadiene Styrene (ABS)
- Styrene-Acrylonitrile (SAN)
- SB Latex and Rubber
- Others
End-Use Industry
- Packaging
- Automobile
- Consumer Goods
- Construction
- Others
Company Profiles
- Americas Styrenics LLC (AmSty)
- Asahi Kasei Corporation
- BASF SE
- Idemitsu Kosan Co., Ltd.
- INEOS Styrolution Group GmbH
- LG Chem
- LOTTE Chemical CORPORATION
- LyondellBasell Industries Holdings B.V.
- Trinseo
- Westlake Chemical Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global styrene monomer market are Americas Styrenics LLC (AmSty), Asahi Kasei Corporation, BASF SE, Idemitsu Kosan Co.,Ltd., INEOS Styrolution Group GmbH, LG Chem, LOTTE Chemical CORPORATION, LyondellBasell Industries Holdings B.V., Trinseo, Westlake Chemical Corporation, among others.
In 2021, Asia Pacific held the largest share of the global styrene monomer market. The food industry is one of the major end-users of the styrene monomer as it is extensively utilized in food packaging. Moreover, in the Asia Pacific region, growing construction work is expected to accelerate the demand for styrene monomers.
The polystyrene segment held the largest share of the global styrene monomer market in 2021. Styrene is mainly used in the production of polystyrene, which is a major material used in applications such as packaging, consumer electronics, toys, recreational equipment, and refrigerator door liners.
Ans. The packaging segment held the largest share of the styrene monomer market in 2021. Styrene monomers are extensively utilized in food packaging. Polystyrene foam is used in lightweight protective packaging and foodservice containers.
The Acrylonitrile-Butadiene Styrene (ABS) segment is the fastest growing segment in the global styrene monomer market during the forecasted period. Various properties of acrylonitrile-butadiene styrene plastic make it a suitable material for applications such as automotive, sports equipment, electrical appliances, and toys.
The automobile segment is the fastest growing segment in the global styrene monomer market during the forecasted period. Acrylonitrile-butadiene styrene (as a thermoplastic resin) and styrene-acrylonitrile are used in automotive applications.
1. Introduction 19
1.1 Study Scope. 19
1.2 The Insight Partners Research Report Guidance. 19
1.3 Market Segmentation. 20
1.3.1 Styrene Monomer Market, by Application. 21
1.3.2 Styrene Monomer Market, by End-use Industry. 21
1.3.3 Styrene Monomer Market, by Geography. 22
2. Key Takeaways 23
3. Research Methodology 27
3.1 Scope of the Study. 27
3.2 Research Methodology. 27
3.2.1 Data Collection: 28
3.2.2 Primary Interviews: 28
3.2.3 Hypothesis formulation: 29
3.2.4 Macro-economic factor analysis: 29
3.2.5 Developing base number: 29
3.2.6 Data Triangulation: 29
3.2.7 Country level data: 30
4. Styrene Monomer Market Landscape 31
4.1 Market Overview.. 31
4.3 Ecosystem Analysis. 34
4.4 Expert Opinion. 35
5. Styrene Monomer Market – Key Market Dynamics 36
5.1 Key Market Drivers. 36
5.1.1 Increasing Demand from Various End-use Industries: 36
5.1.2 Growing Use of Expanded Polystyrene in Construction Industry. 36
5.2 Key Market Restraints. 37
5.2.1 Volatile Styrene Prices: 37
5.3 Key Market Opportunities. 37
5.3.1 Rapid Growth in Automotive Industry: 37
5.4 Future Trends. 37
5.4.1 Increasing Focus on Making Recycled Styrene Monomer: 37
5.5 Impact Analysis. 38
6. Styrene Monomer – Global Market Analysis 39
6.1 Styrene Monomer Market Overview.. 39
6.2 Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Mn) 40
6.3 Market Positioning – Global Market Players. 41
7. Global Styrene Monomer Market - By Application 42
7.1 Market Overview.. 42
7.2 Global Styrene Monomer Market, By Application (2020 and 2028) 42
7.3 Polystyrene. 42
7.3.1 Polystyrene: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 42
7.4 Acrylonitrile-Butadiene Styrene (ABS) 43
7.4.1 Acrylonitrile-Butadiene Styrene (ABS): Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 43
7.5 Styrene-Acrylonitrile (SAN) 44
7.5.1 Styrene-Acrylonitrile (SAN): Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 44
7.6 SB Latex and Rubber 45
7.6.1 SB Latex and Rubber: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 45
7.7 Others. 46
7.7.1 Others: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 46
8. Global Styrene Monomer Market Analysis – By End-use Industries 47
8.1 Overview.. 47
8.2 Global Styrene Monomer Market, By End-Use Industries (2020 and 2028) 47
8.3 Packaging. 47
8.3.1 Packaging: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 47
8.4 Automobile. 49
8.4.1 Automobile: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 49
8.5 Consumer Goods. 50
8.5.1 Consumer Goods: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 50
8.6 Construction. 51
8.6.1 Construction: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 51
8.7 Others. 52
8.7.1 Others: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 52
9. Styrene Monomer Market – Geography Analysis 53
9.1 Overview.. 53
9.2 North America. 53
9.2.1 Overview.. 53
9.2.2 North America: Styrene monomer Market –Revenue and Forecast to 2028 (US$ Million) 54
9.2.3 North America: Styrene monomer Market, By Application. 55
9.2.4 North America: Styrene monomer Market, by End Use. 56
9.2.5 North America: Styrene monomer Market, by Key Country. 57
9.2.5.1 US: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 57
9.2.5.1.1 US: Styrene monomer Market, by Application. 58
9.2.5.1.2 US: Styrene monomer Market, by End Use. 58
9.2.5.2 Canada: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 59
9.2.5.2.1 Canada: Styrene monomer Market, by Application. 59
9.2.5.2.2 Canada: Styrene monomer Market, by End Use. 60
9.2.5.3 Mexico: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 60
9.2.5.3.1 Mexico: Styrene monomer Market, by Application. 61
9.2.5.3.2 Mexico: Styrene monomer Market, by End Use. 61
9.3 Europe: Styrene monomer Market 62
9.3.1 Europe: Styrene monomer Market –Revenue and Forecast to 2028 (US$ Million) 62
9.3.2 Europe: Styrene monomer Market, by Application. 63
9.3.3 Europe: Styrene monomer Market, by End Use. 64
9.3.4 Europe: Styrene monomer Market, by Key Country. 65
9.3.4.1 Germany: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 65
9.3.4.1.1 Germany: Styrene monomer Market, by Application. 66
9.3.4.1.2 Germany: Styrene monomer Market, by End Use. 66
9.3.4.2 France: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 67
9.3.4.2.1 France: Styrene monomer Market, by Application. 67
9.3.4.2.2 France: Styrene monomer Market, by End Use. 68
9.3.4.3 Italy: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 68
9.3.4.3.1 Italy: Styrene monomer Market, by Application. 69
9.3.4.3.2 Italy: Styrene monomer Market, by End Use. 69
9.3.4.4 UK: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 70
9.3.4.4.1 UK: Styrene monomer Market, by Application. 70
9.3.4.4.2 UK: Styrene monomer Market, by End Use. 71
9.3.4.5 Russia: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 71
9.3.4.5.1 Russia: Styrene monomer Market, by Application. 72
9.3.4.5.2 Russia: Styrene monomer Market, by End Use. 72
9.3.4.6 Rest of Europe: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 73
9.3.4.6.1 Rest of Europe: Styrene monomer Market, by Application. 73
9.3.4.6.2 Rest of Europe: Styrene monomer Market, by End Use. 74
9.4 Asia-Pacific: Styrene Monomer Market 75
9.4.1 Asia-Pacific: Styrene Monomer Market – Analysis and Forecast to 2028 (US$ Million) 76
9.4.2 Asia-Pacific: Styrene Monomer Market , by Application. 76
9.4.3 Asia-Pacific: Styrene Monomer Market , by End-Use Industry. 77
9.4.4 Asia-Pacific: Styrene Monomer Market , by Key Country. 78
9.4.4.1 Australia: Styrene Monomer Market –Analysis and Forecast to 2028 (US$ Million) 79
9.4.4.1.1 Australia: Styrene Monomer Market , by Application. 79
9.4.4.1.2 Australia: Styrene Monomer Market , by End-Use Industry. 80
9.4.4.2 China: Styrene Monomer Market –Analysis and Forecast to 2028 (US$ Million) 80
9.4.4.2.1 China: Styrene Monomer Market , by Application. 81
9.4.4.2.2 China: Styrene Monomer Market , by End-Use Industry. 81
9.4.4.3 India: Styrene Monomer Market –Analysis and Forecast to 2028 (US$ Million) 82
9.4.4.3.1 India: Styrene Monomer Market , by Application. 83
9.4.4.3.2 India: Styrene Monomer Market , by End-Use Industry. 83
9.4.4.4 Japan: Styrene Monomer Market –Analysis and Forecast to 2028 (US$ Million) 84
9.4.4.4.1 Japan: Styrene Monomer Market , by Application. 84
9.4.4.4.2 Japan: Styrene Monomer Market , by End-Use Industry. 85
9.4.4.5 South Korea: Styrene Monomer Market –Analysis and Forecast to 2028 (US$ Million) 85
9.4.4.5.1 South Korea: Styrene Monomer Market , by Application. 86
9.4.4.5.2 South Korea: Styrene Monomer Market , by End-Use Industry. 86
9.4.4.6 Rest of Asia-Pacific: Styrene Monomer Market –Analysis and Forecast to 2028 (US$ Million) 87
9.4.4.6.1 Rest of Asia-Pacific: Styrene Monomer Market , by Application. 87
9.4.4.6.2 Rest of Asia-Pacific: Styrene Monomer Market , by End-Use Industry. 88
9.5 Middle East and Africa: Styrene Monomer Market 89
9.5.1 Middle East and Africa: Styrene Monomer Market – Analysis and Forecast to 2028 (US$ Million) 89
9.5.2 Middle East and Africa: Styrene Monomer Market , by Application. 90
9.5.3 Middle East and Africa: Styrene Monomer Market , by End-Use Industry. 91
9.5.4 Middle East and Africa: Styrene Monomer Market , by Key Country. 92
9.5.4.1 South Africa: Styrene Monomer Market –Analysis and Forecast to 2028 (US$ Million) 92
9.5.4.1.1 South Africa: Styrene Monomer Market , by Application. 93
9.5.4.1.2 South Africa: Styrene Monomer Market , by End-Use Industry. 93
9.5.4.2 Saudi Arabia: Styrene Monomer Market –Analysis and Forecast to 2028 (US$ Million) 94
9.5.4.2.1 Saudi Arabia: Styrene Monomer Market , by Application. 94
9.5.4.2.2 Saudi Arabia: Styrene Monomer Market , by End-Use Industry. 95
9.5.4.3 UAE: Styrene Monomer Market –Analysis and Forecast to 2028 (US$ Million) 95
9.5.4.3.1 UAE: Styrene Monomer Market , by Application. 96
9.5.4.3.2 UAE: Styrene Monomer Market , by End-Use Industry. 96
9.5.4.4 Rest of the Middle East and Africa: Styrene Monomer Market –Analysis and Forecast to 2028 (US$ Million) 97
9.5.4.4.1 Rest of the Middle East and Africa: Styrene Monomer Market , by Application. 97
9.5.4.4.2 Rest of the Middle East and Africa: Styrene Monomer Market , by End-Use Industry. 98
9.6 South and Central America: Styrene Monomer Market 99
9.6.1 South America: Styrene Monomer Market – Revenue and Forecast to 2028(USD Million) 99
9.6.2 South America: Styrene Monomer Market, By Application. 100
9.6.3 South America: Styrene Monomer Market, by End-Use Industry. 101
9.6.4 South America: Styrene Monomer Market, by Key Country. 102
9.6.4.1 Brazil: Styrene Monomer Market –Revenue and Forecast to 2028 (USD Million) 102
9.6.4.1.1 Brazil: Styrene Monomer Market, By Application. 103
9.6.4.1.2 Brazil: Styrene Monomer Market, by End-Use Industry. 103
9.6.4.2 Argentina: Styrene Monomer Market –Revenue and Forecast to 2028 (USD Million) 104
9.6.4.2.1 Argentina: Styrene Monomer Market, By Application. 104
9.6.4.2.2 Argentina: Styrene Monomer Market, by End-Use Industry. 105
9.6.4.3 Rest of SAM: Styrene Monomer Market –Revenue and Forecast to 2028 (USD Million) 105
9.6.4.3.1 Rest of SAM: Styrene Monomer Market, By Application. 106
9.6.4.3.2 Rest of SAM: Styrene Monomer Market, by End-Use Industry. 106
10. Impact of COVID-19 Pandemic on Global Styrene Monomer Market 107
10.1 107
10.2 Impact of COVID-19 on Styrene Monomer Market 107
10.3 North America: Impact Assessment of COVID-19 Pandemic. 108
10.4 Europe: Impact Assessment of COVID-19 Pandemic. 109
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic. 110
10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 111
10.7 South and Central America: Impact Assessment of COVID-19 Pandemic. 112
11. Industry Landscape 113
11.1 Overview.. 113
11.2 Market Initiative. 113
11.3 Merger and Acquisition. 114
12. Company Profiles 115
12.1 Americas Styrenics LLC (AmSty) 115
12.1.1 Key Facts. 115
12.1.2 Business Description. 115
12.1.3 Products and Services. 115
12.1.4 Financial Overview.. 115
12.1.5 SWOT Analysis. 116
12.1.6 Key Developments. 116
12.2 Asahi Kasei Corporation. 117
12.2.1 Key Facts. 117
12.2.2 Business Description. 117
12.2.3 Products and Services. 117
12.2.4 Financial Overview.. 118
12.2.5 SWOT Analysis. 120
12.2.6 Key Developments. 120
12.3 BASF SE. 121
12.3.1 Key Facts. 121
12.3.2 Business Description. 121
12.3.3 Products and Services. 121
12.3.4 Financial Overview.. 122
12.3.5 SWOT Analysis. 123
12.3.6 Key Developments. 123
12.4 Idemitsu Kosan Co.,Ltd. 124
12.4.1 Key Facts. 124
12.4.2 Business Description. 124
12.4.3 Products and Services. 124
12.4.4 Financial Overview.. 125
12.4.5 SWOT Analysis. 126
12.4.6 Key Developments. 126
12.5 INEOS Styrolution Group GmbH.. 127
12.5.1 Key Facts. 127
12.5.2 Business Description. 127
12.5.3 Products and Services. 127
12.5.4 Financial Overview.. 128
12.5.5 SWOT Analysis. 130
12.5.6 Key Developments. 130
12.6 LG Chem.. 131
12.6.1 Key Facts. 131
12.6.2 Business Description. 131
12.6.3 Products and Services. 131
12.6.4 Financial Overview.. 132
12.6.5 SWOT Analysis. 133
12.6.6 Key Developments. 133
12.7 LOTTE Chemical CORPORATION.. 134
12.7.1 Key Facts. 134
12.7.2 Business Description. 134
12.7.3 Products and Services. 134
12.7.4 Financial Overview.. 135
12.7.5 SWOT Analysis. 135
12.7.6 Key Developments. 136
12.8 LyondellBasell Industries Holdings B.V. 137
12.8.1 Key Facts. 137
12.8.2 Business Description. 137
12.8.3 Products and Services. 137
12.8.4 Financial Overview.. 138
12.8.5 SWOT Analysis. 139
12.8.6 Key Developments. 139
12.9 Trinseo. 140
12.9.1 Key Facts. 140
12.9.2 Business Description. 140
12.9.3 Products and Services. 140
12.9.4 Financial Overview.. 141
12.9.5 SWOT Analysis. 142
12.9.6 Key Developments. 143
12.10 Westlake Chemical Corporation. 144
12.10.1 Key Facts. 144
12.10.2 Business Description. 144
12.10.3 Products and Services. 144
12.10.4 Financial Overview.. 145
12.10.5 SWOT Analysis. 146
12.10.6 Key Developments. 147
13. Appendix 148
13.1 About The Insight Partners. 148
13.2 Glossary of Terms. 148
LIST OF TABLES
Table 1. Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Mn) 40
Table 2. North America Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million) 55
Table 3. North America Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 56
Table 4. US Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million) 58
Table 5. US Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 58
Table 6. Canada Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million) 59
Table 7. Canada Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 60
Table 8. Mexico Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million) 61
Table 9. Mexico Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 61
Table 10. Europe Styrene monomer Market, by Application– Revenue and Forecast to 2028 (USD Million) 63
Table 11. Europe Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 64
Table 12. Germany Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million) 66
Table 13. Germany Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 66
Table 14. France Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million) 67
Table 15. France Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 68
Table 16. Italy Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million) 69
Table 17. Italy Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 69
Table 18. UK Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million) 70
Table 19. UK Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 71
Table 20. Russia Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million) 72
Table 21. Russia Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 72
Table 22. Rest of Europe Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million) 73
Table 23. Rest of Europe Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million) 74
Table 24. Asia-Pacific Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 77
Table 25. Asia-Pacific Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 78
Table 26. Australia Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 79
Table 27. Australia Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 80
Table 28. China Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 81
Table 29. China Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 81
Table 30. India Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 83
Table 31. India Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 83
Table 32. Japan Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 84
Table 33. Japan Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 85
Table 34. South Korea Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 86
Table 35. South Korea Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 86
Table 36. Rest of Asia-Pacific Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 87
Table 37. Rest of Asia-Pacific Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 88
Table 38. Middle East and Africa Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 90
Table 39. Middle East and Africa Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 91
Table 40. South Africa Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 93
Table 41. South Africa Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 93
Table 42. Saudi Arabia Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 94
Table 43. Saudi Arabia Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 95
Table 44. UAE Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 96
Table 45. UAE Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 96
Table 46. Rest of the Middle East and Africa Styrene Monomer Market, by Application – Revenue and Forecast to 2028 (US$ Million) 97
Table 47. Rest of the Middle East and Africa Styrene Monomer Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million) 98
Table 48. South America Styrene Monomer Market, By Application – Revenue and Forecast to 2028 (USD Million) 100
Table 49. South America Styrene Monomer Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million) 101
Table 50. Brazil Styrene Monomer Market, By Application – Revenue and Forecast to 2028 (USD Million) 103
Table 51. Brazil Styrene Monomer Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million) 103
Table 52. Argentina Styrene Monomer Market, By Application – Revenue and Forecast to 2028 (USD Million) 104
Table 53. Argentina Styrene Monomer Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million) 105
Table 54. Rest of SAM Styrene Monomer Market, By Application – Revenue and Forecast to 2028 (USD Million) 106
Table 55. Rest of SAM Styrene Monomer Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million) 106
Table 56. Glossary of Terms, Global Styrene Monomer Market 148
LIST OF FIGURES
Figure 1. Styrene Monomer Market Segmentation. 20
Figure 2. Styrene Monomer Market Segmentation – By Geography. 21
Figure 3. Global Styrene Monomer Market Overview.. 23
Figure 4. Global Styrene Monomer Market, By End-use Industry. 24
Figure 5. Global Styrene Monomer Market, by Geography. 25
Figure 6. Global Styrene Monomer Market, Industry Landscape. 26
Figure 7. Ecosystem: Styrene Monomer Market 34
Figure 8. Expert Opinion. 35
Figure 9. Global Styrene Monomer Market Impact Analysis of Drivers and Restraints. 38
Figure 10. Geographic Overview of Styrene Monomer Market 39
Figure 11. Styrene Monomer Market – Revenue and Forecast to 2028 (US$ Mn) 40
Figure 12. Global Styrene Monomer Market Revenue Share, By Application (2020 and 2028) 42
Figure 13. Polystyrene: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 43
Figure 14. Acrylonitrile-Butadiene Styrene (ABS): Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 43
Figure 15. Styrene-Acrylonitrile (SAN) : Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 44
Figure 16. SB Latex and Rubber: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 45
Figure 17. Others: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 46
Figure 18. Global Styrene Monomer Market Breakdown, by End-Use Industries (2020 and 2028) 47
Figure 19. Packaging: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 48
Figure 20. Automobile: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 49
Figure 21. Consumer Goods: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 50
Figure 22. Construction: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 51
Figure 23. Others: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 52
Figure 24. Global Styrene monomer Market Revenue Share, By Region (2020 and 2028) 53
Figure 25. North America: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 54
Figure 26. North America: Styrene monomer Market Revenue Share, by Application (2020 and 2028) 55
Figure 27. North America: Styrene monomer Market Revenue Share, by End Use (2020 and 2028) 56
Figure 28. North America: Styrene monomer Market Revenue Share, by Key Country (2020 and 2028) 57
Figure 29. US: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 57
Figure 30. Canada: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 59
Figure 31. Mexico: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 60
Figure 32. Europe: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 62
Figure 33. Europe: Styrene monomer Market Revenue Share, by Application (2020 and 2028) 63
Figure 34. Europe: Styrene monomer Market Revenue Share, by End Use (2020 and 2028) 64
Figure 35. Europe: Styrene monomer Market Revenue Share, by Key Country (2020 and 2028) 65
Figure 36. Germany: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 65
Figure 37. France: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 67
Figure 38. Italy: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 68
Figure 39. UK: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 70
Figure 40. Russia: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 71
Figure 41. Rest of Europe: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million) 73
Figure 42. Asia-Pacific: Styrene Monomer Market – Revenue and Forecast to 2028 (US$ Million) 76
Figure 43. Asia-Pacific: Styrene Monomer Market Revenue Share, by Application (2020 and 2028) 76
Figure 44. Asia-Pacific: Styrene Monomer Market Revenue Share, by End-Use Industry (2020 and 2028) 77
Figure 45. Asia-Pacific: Styrene Monomer Market Revenue Share, by Key Country (2020 and 2028) 78
Figure 46. Australia: Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Million) 79
Figure 47. China: Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Million) 80
Figure 48. India: Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Million) 82
Figure 49. Japan: Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Million) 84
Figure 50. South Korea: Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Million) 85
Figure 51. Rest of Asia-Pacific: Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Million) 87
Figure 52. Middle East and Africa: Styrene Monomer Market – Revenue and Forecast to 2028 (US$ Million) 89
Figure 53. Middle East and Africa: Styrene Monomer Market Revenue Share, by Application (2020 and 2028) 90
Figure 54. Middle East and Africa: Styrene Monomer Market Revenue Share, by End-Use Industry (2020 and 2028) 91
Figure 55. Middle East And Africa: Styrene Monomer Market Revenue Share, By Key Country (2020 And 2028) 92
Figure 56. South Africa: Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Million) 92
Figure 57. Saudi Arabia: Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Million) 94
Figure 58. UAE: Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Million) 95
Figure 59. Rest of the Middle East and Africa: Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Million) 97
Figure 60. South America: Styrene Monomer Market – Revenue and Forecast to 2028 (USD Million) 99
Figure 61. South America: Styrene Monomer Market Revenue Share, By Application (2020 and 2028) 100
Figure 62. South America: Styrene Monomer Market Revenue Share, by End-Use Industry (2020 and 2028) 101
Figure 63. South America: Styrene Monomer Market Revenue Share, by Key Country (2020 and 2028) 102
Figure 64. Brazil: Styrene Monomer Market –Revenue and Forecast to 2028 (USD Million) 102
Figure 65. Argentina: Styrene Monomer Market –Revenue and Forecast to 2028 (USD Million) 104
Figure 66. Rest of SAM: Styrene Monomer Market –Revenue and Forecast to 2028 (USD Million) 105
Figure 67. Impact of COVID-19 Pandemic in North America. 108
Figure 68. Impact of COVID-19 Pandemic in Europe. 109
Figure 69. Impact of COVID-19 Pandemic in the Asia Pacific. 110
Figure 70. Impact of COVID-19 Pandemic in Middle East & Africa. 111
Figure 71. Impact of COVID-19 Pandemic in South and Central America. 112
The List of Companies - Styrene Monomer Market
- Americas Styrenics LLC (AmSty)
- Asahi Kasei Corporation
- BASF SE
- Idemitsu Kosan Co.,Ltd
- INEOS Styrolution Group GmbH
- LG Chem
- LOTTE Chemical CORPORATION
- LyondellBasell Industries Holdings B.V
- Trinseo
- Westlake Chemical Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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