Specialty Polystyrene Resin Market is Projected to Reach a Value of Over USD 137.4 Billion by 2027
The Global Specialty Polystyrene Resin Market is projected to reach a value of over USD 137.4 billion by 2027 at a CAGR of around 2.3%.
Specialty polystyrene resin is a lightweight material and is composed of individual cells of low-density polystyrene. Its cells are not cross-linked, making them ideal for protection function. Thus, it is remarkably used in wide range of packaging and building & construction applications such as insulation, structural insulated panels, insulated concrete forms, roofing isolation systems, sheathing, and decorative modelling.
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Specialty Polystyrene Resin MARKET: Drivers & CHALLENGES
Market Driver:
Growing Demand from End-use Industries
Specialty polystyrene resin is widely used as a protection material for various applications includes electrical & electronics, healthcare, and packaging. It is one of the versatile types of polymer foam with good mechanical and physical strength, thus, it is considered as the best packaging option for high-value heavy products and industrial products, which are entirely protected and safe from transportation as well as handling risks. The pharmaceutical breakable products, electronics components, consumer electronic products, and toys require trustable packaging to avoid damage and specialty polystyrene resin is the finest option.
Due to the versatile properties, it is used in a variety of applications such as packaging and insulation, which is fuelling the market growth.
Market Restraints:
Volatility of Raw Material Prices
Raw materials used for manufacturing specialty polystyrene resin are obtained from petroleum products. Continuously varying petroleum product prices due to the supply & demand gap, natural disasters, and politics influence the price of the finished products. Moreover, the production cost and storage can also cause oil prices to rise and fall as well.
Therefore, volatility in raw materials cost is a key restraining factor to market growth.
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Specialty Polystyrene Resin market: Key segments
- Segmentation based on function: Protection, Insulation, Cushioning, and Others
- Segmentation based on application: Protective Packaging, Building & Construction, Automotive & Transportation, Electrical & Electronics, Healthcare, and Others
- Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.
Specialty Polystyrene Resin MARKET: Report Scope
The report on the specialty polystyrene resin market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
List of the leading companies operating in the Specialty Polystyrene Resin Market include:
- BASF SE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Eastman Chemical Company
- Synthos
- Versalis S.p.A.
- Sekisui Chemical Co., Ltd.
- LG Chem
- SUNPOR Kunststoff GmbH
- NOVA Chemicals Corporate
- Alpek S.A.B. de C.V.
- StyroChem
- Polysource Inc
- RING Companies
- Knauf Industries
- “Taita Chemical Co., Ltd.”
- Jackon GmbH
- Other Key Companies
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Specialty Polystyrene Resin MARKET: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Specialty Polystyrene Resin Market, by Function
- Protection
- Insulation
- Cushioning
- Others
Specialty Polystyrene Resin Market, by Application
- Protective Packaging
- Building & Construction
- Automotive & Transportation
- Electrical & Electronics
- Healthcare
- Others
Specialty Polystyrene Resin Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
Table of Content
- INTRODUCTION
- RESEARCH DESIGN & SCOPE
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
- GLOBAL SPECIALTY POLYSTYRENE RESIN MARKET BY FUNCTION, Market Size in USD Million and Kiloton (2019–2027)
- GLOBAL SPECIALTY POLYSTYRENE RESIN MARKET BY APPLICATION, Market Size in USD Million and Kiloton (2019–2027)
- GLOBAL SPECIALTY POLYSTYRENE RESIN MARKET BY REGION, Market Size in USD Million and Kiloton (2019–2027)
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
- APPENDIX
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