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Global Polystyrene Market
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Global Polystyrene Market

Home Chemicals And Materials Global Polystyrene Market

Polystyrene Market - Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Resin Type (General Purpose Polystyrene, High Impact Polystyrene, And Expandable Polystyrene); By Product Type (Foams, Films, And Sheets, Injection Molding, And Other Form Types); By End-Use Industry (Packaging, Building, And Construction, Electrical And Electronics, Consumer Goods, And Other End-User Industries); By Region (North America, Europe, The Asia Pacific, Latin America, The Middle East, And Africa);

  • Published Date: March 2022
  • Report ID: BWC22100
  • Available Format: PDF
  • Page: 400

Report Overview

The growth of the global polystyrene market can be primarily attributed to the increasing rates of industrialization and globalization throughout the world. Moreover, the rising demand for eco-friendly, durable, light weight and sustainable goods and components, due to their acoustic and thermal insulation, in the construction, automotive, and packaging sectors are also responsible for driving the market growth...

Global Polystyrene Market - Industry Trends & Forecast Report 2028

The global polystyrene market was worth USD 31.6 billion in 2021, and it is further projected to reach USD 44.8 billion by 2028, at a CAGR of 5.2% during 2022-2028 (forecast period). The growth of the polystyrene market can be primarily attributed to the increasing rates of industrialization and globalization throughout the world. Moreover, the rising demand for eco-friendly, durable, light weight and sustainable goods and components, due to their acoustic and thermal insulation, in the construction, automotive, and packaging sectors are also responsible for driving the market growth. Such factors promise bright prospects for the growth of the global polystyrene market during the forecast period.

Global Polystyrene Market

Polystyrene Overview

Polystyrene refers to a solid and hard plastic, which is produced by the polymerization of styrene. It is a vinyl polymer, having a long hydrocarbon chain structure, wherein a phenyl group is attached to every other carbon atom. Polystyrene is a versatile plastic primarily used air conditioners, refrigerators, instrument panels, computers, televisions, as well as disposable utensils (such as plates, foamed cups, and bowls). Furthermore, it can also be used to develop consumer products, including DVD and CD cases along with various food packaging materials. Polystyrene is a cost-effective and strong plastic and can also be used for insulation purposes in buildings, for manufacturing sterile and disposable cutlery.

Polystyrene Market Trends

Growth Driver

Growing Consumer Electronics Market to Drive the Market Growth for Polystyrene

One of the most significant factors driving the growth of the polystyrene market is the rapidly growing consumer electronics market. The consumer electronics industry has been growing at a tremendous rate all over the world, due to the constantly escalating demand for cellular phones, gaming systems, portable computing devices, as well as other personal consumer electronic devices. For example- the Indian electronics market is anticipated to reach USD 400 billion by 2025. Moreover, India is likely to become the fifth-largest appliances and consumer-electronics industry in the world by 2025. The growing electronics market is expected to act as a major driver for the global polystyrene market during the forecast period 2022-2028.

Skyrocketing Demand by The Building and Construction Industry Likely to Drive Polystyrene Market Growth

With the shifting trend towards industrialization and urbanization, there has been a growing demand for thermal as well as acoustic insulation in the building & construction industry in emerging economies such as India and China, that is likely to raise the demand for high-quality polymers. Moreover, the ever-increasing construction activities of durable residential and commercial buildings that can tolerate extreme external environmental pressures with ease are anticipated to drive the market growth of global polystyrene market over the forecast period 2022-2028.

Restraints

Increasing Adoption of Polystyrene Alternatives Impeding the Polystyrene Market Growth

Various high-performance alternatives are available in the market that are being adopted at growing rate by the major end-use industries, thus hampering the growth of the global polystyrene market. Moreover, the rising concerns about plastic disposal is expected to impede the growth of the market. There have been rising instances of bans on polystyrene throughout Europe and North America. Stringent government regulations coupled with problems involved in plastic recycling processes may act as a challenge for the polystyrene market during the forecast period 2018-2028.

Impact of COVID-19 on the Global Polystyrene Market

The polystyrene market was negatively impacted due to COVID-19 in 2020 in different ways. Such as transportation limitations implemented across the world in response to the pandemic and resulted in the disruption of the supply chain of major raw materials required for Polystyrene production. Various end-use industries had to scale down or completely stop production owing to factors such as due to contractual obligations, health and safety measures, resource availability as well as project delays or cancellations due to the global pandemic. The revenue of the global residential home construction industry, which is a major deployer of polystyrene, experienced a decline of 7% in 2020, as compared to 2019. On the other hand, the demand for packaging products, both food packaging as well as non-food packaging, has been rising due to the growing trend of consumer expenditure on food delivery and e-commerce applications, which in turn has impacted the demand for polystyrene positively to some extent.

Global Polystyrene Market – By Resin Type

Based on the resin type, the global polystyrene market has been segmented into general purpose polystyrene, high impact polystyrene, and expandable polystyrene. Amidst the segmentation, the high impact polystyrene segment is projected to dominate the global polystyrene market from 2018 to 2028. The high impact polystyrene (HIPS) comprises rubber and is less transparent than general purpose polystyrene. It is largely utilized for products that need high-impact resistance. Moreover, HIPS has a characteristic standard flow besides being less glossy than GPPS, being crack-resistant, having good dimensional stability and being easy to paint and glue. HIPS finds a broad range of application for housing and covers, printed graphics, low-strength structural components, fixtures, models and prototypes making it a highly soughted polystyrene.

Global Polystyrene Market – By End Use Industry

Based on the end-use industry, the global polystyrene market has been segmented into packaging, building and construction, electrical and electronics, consumer goods and other end-use industries. Amidst the segmentation, the packaging industry accounted for the market share in 2021. The Packaging industry devours a large quantity of polystyrene, particularly for the purpose of food packaging. Moreover, polystyrene is frequently used in the casings of monitors, printers, televisions, as well as other electrical and consumer goods. Furthermore, the packaging and electronics sector ate the two sectors which are likely to register the highest growth rate thereby energising the growth rate of the global polystyrene market during the forecast period 2022-2028.

Global Polystyrene Market- Regional Insights                                                     

In terms of the regional analysis, the global polystyrene market can be segmented into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America. Amidst the segmentation, the Asia Pacific region is expected to dominate the polystyrene market during the forecast tremendously contributing towards enhancing the packaging material requirement of China. Moreover, the packaging industry in China is likely to grow with a high CAGR during the forecast period. Thus, the Asia-Pacific region is the greatest consumer of high impact polystyrene (HIPS) in the world.  In case of North America, the ban imposed on usage of in food packaging products like boxes, carry bags and containers has impacted the market growth negatively.

Competitive Landscape

The global polystyrene market is characterized by the presence of many local, regional, and global vendors. The key players operating in the global polystyrene market are Styrolution Group GMBH, Total Petrochemicals, BASF SE, Formosa Chemicals & Fiber Corporation, Kumho Petrochemicals Ltd., Chi Mei Corporation, SABIC, Trinseo, Videolar, S/A, The Dow Chemical Company, Kaneka Corporation, ACH Foam, Technologies’ PJSC Sibur Holding LLC, Support Kunststoff GmbH, Synthos S.A, Synbra, Holding B.V. and other prominent players. The players maintain their dominance in the market by investing in research and development activities, integrating the latest and advanced technologies into their products, and launching improved products for the customers. Different strategies are adopted like engaging in strategic alliances, agreements, mergers and collaborations.

Recent Developments:

  • March 2022: Trinseo announced the launch of its three STYRON polystyrene resins with renewable content. Trinseo is a global material solutions provider as well as a producer of latex and plastic binders focussed upon delivering sustainable and innovative solutions across a wide range of end-use industries.

  • March 2021: BEWI, a leading manufacturer of packaging, and insulation solutions, has declared the acquisition of a 34% stake in the Czech recycling firm Inoplast S.R.O. Inoplast is a company known to recycle plastics, chiefly expanded polystyrene (EPS) along with other forms of plastics.

Scope of Report:

    

Attribute

Details

Years Considered

Historical data – 2018-2021

Base Year – 2021

Forecast – 2022 – 2028

Facts Covered

Revenue in USD Million

Market Coverage

United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico,  Saudi Arabia, United Arab Emirates, South Africa

Product/Service Segmentation

By resin type, by product type, by end-use industry and by region

Key Players

The key players operating in the global polystyrene market are Styrolution Group GMBH, Total Petrochemicals, BASF SE, Formosa Chemicals & Fiber Corporation, Kumho Petrochemicals Ltd., Chi Mei Corporation, SABIC, Trinseo, Videolar, S/A, The Dow Chemical Company, Kaneka Corporation, ACH Foam, Technologies’ PJSC Sibur Holding LLC, Support Kunststoff GmbH, Synthos S.A, Synbra, Holding B.V. and other prominent players.


By Process 

  • General Purpose Polystyrene

  • High Impact Polystyrene

  • Expandable Polystyrene

By Applications

  • Foams

  • Films and Sheets

  • Injection Molding

  • Other

By End-Use Industry

  • Packaging

  • Building, and Construction

  • Electrical and Electronics

  • Consumer Goods

  • Other End-user Industries

By Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Polystyrene Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Landscape/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Polystyrene Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Kilo Tons)
    3. Market Share & Forecast
      1. By Resin Type
        1. General Purpose Polystyrene
        2. High Impact Polystyrene
        3. Expandable Polystyrene
      2. By Form Type
        1. Foams
        2. Films and Sheets
        3. Injection Molding
        4. Other
      3. By End-Use Industry
        1. Packaging
        2. Building, and Construction
        3. Electrical and Electronics
        4. Consumer Goods
        5. Other End-user Industries
      4. By Region
        1. North America
        2. Europe
        3. The Asia Pacific
        4. Latin America
        5. The Middle East and Africa
  6. North America Polystyrene Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Kilo Tons)
    3. Market Share & Forecast
      1. By Resin Type
      2. By Form Type
      3. By End-Use Industry
      4. By Country
        1. United States
        2. Canada
  7. Europe Polystyrene Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Kilo Tons)
    3. Market Share & Forecast
      1. By Resin Type
      2. By Form Type
      3. By End-Use Industry
      4. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. Asia-Pacific Polystyrene Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Kilo Tons)
    3. Market Share & Forecast
      1. By Resin Type
      2. By Form Type
      3. By End-Use Industry
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  9. Latin America Polystyrene Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Kilo Tons)
    3. Market Share & Forecast
      1. By Resin Type
      2. By Form Type
      3. By End-Use Industry
      4. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. The Middle East & Africa Polystyrene Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Kilo Tons)
    3. Market Share & Forecast
      1. By Resin Type
      2. By Form Type
      3. By End-Use Industry
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
  12. Impact of Covid-19 on Global Polystyrene Market Industry
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Styrolution Group GMBH
    2. Total Petrochemicals
    3. BASF SE
    4. Formosa Chemicals & Fiber Corporation
    5. Kumho Petrochemicals Ltd.
    6. Chi Mei Corporation
    7. SABIC
    8. Trinseo
    9. Videolar S/A
    10. The Dow Chemical Company
    11. Kaneka Corporation
    12. ACH Foam Technologies
    13. PJSC Sibur Holding LLC
    14. Support Kunststoff GmbH
    15. Synthos S.A
    16. Synbra Holding B.V.
    17. Other prominent players.
  14. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1: Global Polystyrene Market Segmentation

Figure 2: Global Polystyrene Industry Value Chain Analysis

Figure 3: Global Polystyrene Market Size, By Value (USD Million), 2018-2028

Figure 4: Global Polystyrene Market Size, By Volume (KT), 2018-2028

Figure 5: Global Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028

Figure 6: Global Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028

Figure 7: Global Polystyrene Market Share (%), By Product Type, By Value, 2018-2028

Figure 8: Global Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028

Figure 9: Global Polystyrene Market Share (%), By End-Use, By Value, 2018-2028

Figure 10: Global Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028

Figure 11: Global Polystyrene Market Share (%), By Region, By Value, 2018-2028

Figure 12: Global Polystyrene Market Share (%), By Region, By Volume, 2018-2028

Figure 13: North America Polystyrene Market Size, By Value (USD Million), 2018-2028

Figure 14: North America Polystyrene Market Size, By Volume (KT), 2018-2028

Figure 15: North America Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028

Figure 16: North America Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028

Figure 17: North America Polystyrene Market Share (%), By Product Type, By Value, 2018-2028

Figure 18: North America Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028

Figure 19: North America Polystyrene Market Share (%), By End-Use, By Value, 2018-2028

Figure 20: North America Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028

Figure 21: North America Polystyrene Market Share (%), By Country, By Value, 2018-2028 

Figure 22: North America Polystyrene Market Share (%), By Country, By Volume, 2018-2028 

Figure 23: Europe Polystyrene Market Size, By Value (USD Million), 2018-2028

Figure 24: Europe Polystyrene Market Size, By Volume (KT), 2018-2028

Figure 25: Europe Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028

Figure 26: Europe Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028

Figure 27: Europe Polystyrene Market Share (%), By Product Type, By Value, 2018-2028

Figure 28: Europe Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028

Figure 29: Europe Polystyrene Market Share (%), By End-Use, By Value, 2018-2028

Figure 30: Europe Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028

Figure 31: Europe Polystyrene Market Share (%), By Country, By Value, 2018-2028

Figure 33: Europe Polystyrene Market Share (%), By Country, By Volume, 2018-2028

Figure 34: The Asia-Pacific Polystyrene Market Size, By Value (USD Million), 2018-2028

Figure35: The Asia-Pacific Polystyrene Market Size, By Volume (KT), 2018-2028

Figure36: The Asia-Pacific Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028

Figure 37: The Asia-Pacific Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028

Figure 38: The Asia-Pacific Polystyrene Market Share (%), By Product Type, By Value, 2018-2028

Figure 39: The Asia-Pacific Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028

Figure 40: The Asia-Pacific Polystyrene Market Share (%), By End-Use, By Value, 2018-2028

Figure 41: The Asia-Pacific Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028

Figure 42: The Asia-Pacific Polystyrene Market Share (%), By Country, By Value, 2018-2028

Figure 43: The Asia-Pacific Polystyrene Market Share (%), By Country, By Volume, 2018-2028

Figure 44: Latin America Polystyrene Market Size, By Value (USD Million), 2018-2028

Figure 45: Latin America Polystyrene Market Size, By Volume (KT), 2018-2028

Figure 46: Latin America Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028

Figure 47: Latin America Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028

Figure 48: Latin America Polystyrene Market Share (%), By Product Type, By Value, 2018-2028

Figure 49: Latin America Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028

Figure 50: Latin America Polystyrene Market Share (%), By End-Use, By Value, 2018-2028

Figure 51: Latin America Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028

Figure 52: Latin America Polystyrene Market Share (%), By Country, By Value, 2018-2028

Figure 53: Latin America Polystyrene Market Share (%), By Country, By Volume, 2018-2028

Figure 54: The Middle East & Africa Polystyrene Market Size, By Value (USD Million), 2018-2028

Figure 55: The Middle East & Africa Polystyrene Market Size, By Volume (KT), 2018-2028

Figure 56: The Middle East & Africa Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028

Figure 57: The Middle East & Africa Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028

Figure 58: The Middle East & Africa Polystyrene Market Share (%), By Product Type, By Value, 2018-2028

Figure 59: The Middle East & Africa Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028

Figure 60: The Middle East & Africa Polystyrene Market Share (%), By End-Use, By Value, 2018-2028

Figure 61: The Middle East & Africa Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028

Figure 62: The Middle East & Africa Polystyrene Market Share (%), By Country, By Value, 2018-2028

Figure 63: The Middle East & Africa Polystyrene Market Share (%), By Country, By Volume, 2018-2028

Figure 64: Global Polystyrene Market Share Analysis, 2021

 

List of Tables

 

Table 1: Global Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028

Table 2: Global Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028

Table 3: Global Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 4: Global Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028

Table 5: Global Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028

Table 6: Global Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028

Table 7: Global Polystyrene Market Size. By Region, By Value (USD Million), 2018-2028

Table 8: Global Polystyrene Market Size. By Region, By Volume (KT), 2018-2028

Table 9: North America Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028

Table 10: North America Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028

Table 11: North America Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 12: North America Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028

Table 13: North America Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028

Table 14: North America Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028

Table 15: 28 North America Polystyrene Market Size (USD Million), By Country, By Value 2018-2028 

Table 16: North America Polystyrene Market Size (KT), By Country, By Volume 2018-2028 

Table 17: Europe Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028

Table 18: Europe Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028

Table 19: Europe Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 20: Europe Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028

Table 21: Europe Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028

Table 22: Europe Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028

Table 23: Europe Polystyrene Market Size (USD Million), By Country, By Value 2018-2028 

Table 24: Europe Polystyrene Market Size (KT), By Country, By Volume 2018-2028 

Table 25: The Asia-Pacific Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028

Table 26: The Asia-Pacific Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028

Table 27: The Asia-Pacific Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 28: The Asia-Pacific Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028

Table 29: The Asia-Pacific Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028

Table 30: The Asia-Pacific Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028

Table 31: 52 The Asia-Pacific Polystyrene Market Size (USD Million), By Country, By Value 2018-2028 

Table 32: The Asia-Pacific Polystyrene Market Size (KT), By Country, By Volume 2018-2028 

Table 33: Latin America Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028

Table 34: Latin America Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028

Table 35: Latin America Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 36: Latin America Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028

Table 37: Latin America Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028

Table 38: Latin America Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028

Table 39: 64 Latin America Polystyrene Market Size (USD Million), By Country, By Value 2018-2028 

Table 40: Latin America Polystyrene Market Size (KT), By Country, By Volume 2018-2028 

Table 41: The Middle East & Africa Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028

Table 42: The Middle East & Africa Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028

Table 43: The Middle East & Africa Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 44: The Middle East & Africa Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028

Table 45: The Middle East & Africa Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028

Table 46: The Middle East & Africa Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028

Table 47: 76 The Middle East & Africa Polystyrene Market Size (USD Million), By Country, By Value 2018-2028 

Table 48: The Middle East & Africa Polystyrene Market Size (KT), By Country, By Volume 2018-2028 

Table 49: List of Key Players and Their Offerings

Table 50: Competitive Benchmarking, by Operating Parameters

Table 51:       Styrolution Group GMBH Company Overview                          

Table 52:       Styrolution Group GMBH Financial Overview                           

Table 53:       Total Petrochemicals Company Overview                     

Table 54:       Total Petrochemicals Financial Overview                      

Table 55:       Formosa Chemicals & Fiber Corporation Company Overview                         

Table 56:       Formosa Chemicals & Fiber Corporation Financial Overview                          

Table 57:       Kumho Petrochemicals Ltd.  Company Overview                     

Table 58:       Kumho Petrochemicals Ltd.  Financial Overview                      

Table 59:       SABIC Company Overview                     

Table 60:       SABIC Financial Overview                      

Table 61:       Videolar S/A Company Overview                       

Table 62:       Videolar S/A Financial Overview                        

Table 63:       The Dow Chemical Company Overview                        

Table 64:       The Dow Chemical Company Financial Overview                     

Table 65:       Kaneka Corporation Company Overview                      

Table 66:       Kaneka Corporation Financial Overview                       

Table 67:       ACH Foam Technologies Company Overview                          

Table 68:       ACH Foam Technologies Financial Overview                           

Table 69:       PJSC Sibur Holding LLC Company Overview                           

Table 70:       PJSC Sibur Holding LLC Financial Overview                   

Table 71:       Support Kunststoff GmbH Company Overview                        

Table 72:       Support Kunststoff GmbH Financial Overview                         

Table 73:       Synthos S.A Company Overview                       

Table 74:       Synthos S.A Financial Overview                        

Table 75:       Synbra Holding B.V. Company Overview                      

Table 76:       Synbra Holding B.V. Financial Overview                       

Market Segmentation

By Process

  • General Purpose Polystyrene
  • High Impact Polystyrene
  • Expandable Polystyrene

By Applications

  • Foams
  • Films and Sheets
  • Injection Molding
  • Other

By End-Use Industry

  • Packaging
  • Building, and Construction
  • Electrical and Electronics
  • Consumer Goods
  • Other End-user Industries

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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Frequently Asked Questions (FAQs):

Ans: The global polystyrene market reached USD 31.6 billion in 2021.
Ans: The growth of the polystyrene market can be primarily attributed to the increasing rates of industrialization and globalization throughout the world. Moreover, the rising demand for eco-friendly, durable, light weight and sustainable goods and components, due to their acoustic and thermal insulation, in the construction, automotive, and packaging sectors are also responsible for driving the market growth.
Ans: The key players operating in the global polystyrene market are Styrolution Group GMBH, Total Petrochemicals, BASF SE, Formosa Chemicals & Fiber Corporation, Kumho Petrochemicals Ltd., Chi Mei Corporation, SABIC, Trinseo, Videolar, S/A, The Dow Chemical Company, Kaneka Corporation, ACH Foam, Technologies’ PJSC Sibur Holding LLC, Support Kunststoff GmbH, Synthos S.A, Synbra, Holding B.V. and other prominent players.
Ans: The high impact polystyrene segment accounted for the largest share in the global polystyrene market.
Ans: Asia-Pacific region is growing in the global polystyrene market at a higher rate.