Market Research Future published a Half Cooked Research Report on “Global Styrenic Polymers Market Research Report – Forecast to 2021” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.
Alpek Sab De CV, Asahi Kasei Corporation, Ashland, BASF, Bayer Material Science, CCP Composites, ENI S.P.A, Ineos Group Ag, Lanxess Ag, and Nova Chemicals Corporation are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Styrenic Polymers Market.
Styrenic Polymers Market – Overview
Production of styrene-based derivatives is the growing trend in the market due to increasing applications in building and construction, packaging, appliances, and automotive industry. Due to which the Global Styrenic Polymers Market has seen a positive growth over the past few years and is expected to grow further continuing with the same trends during the forecast period.
Also, recently, Agilyx (US) has developed a chemical recycling technology in which virgin, high-quality Styrenic Polymers will be used to recycle polystyrene (PS) waste, which will thereby reduce plastic waste and allow re-use of this valuable material. The importance of Styrenic Polymers in the process is surely going to provide impetus to its demand further expanding its market growth in the future.
Considering the prominence Styrenic Polymers will be gaining with its application in recycling process and projecting the traction its growing market size would gain Market Research Future, published an eloquent study report according to which the global market of Styrenic Polymers is forecasted to demonstrate a momentous growth by 2021, surpassing its previous growth records in terms of value with a whooping CAGR during the estimated period (2016 – 2021). The Global Styrenic Polymers Market’s revenue contribution is expected to increase by a substantial monetarily growth by end of 2021, with a significant expansion rate during the period 2016 to 2021.
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Styrenic Polymers are produced through the polymerization of styrene monomers and other chemical compounds such as acrylonitrile, butadiene, etc. And Styrene-based derivatives are widely used in industries such as building and construction, packaging, appliances, and automotive which are comprehensively growing industries and are estimated to grow further during the forecasted period leading to foster the market growth for Styrenic Polymers. These are the industries that predominantly drive the Global Styrenic Polymers Market. Additionally, rising wind energy applications of UPR (Unsaturated Polyester Resin) coupled with the increasing demand for SBR (Styrene Butadiene Rubber) attributed to tire labelling regulations are fuelling the market growth of Styrenic Polymers.
On the other hand, factors such as increasing environmental and health concerns due to usage of styrene and uptake of other resins as substitute to UPR are hindering the global growth of Styrenic Polymers Market.
Styrenic Polymers Market – Competitive Analysis
The global Market of Styrenic Polymers appears to be highly competitive and fragmented. Many large and small key players operating in the market are churning the competition to gain competitive advantage. To sustain their market position these players incorporate acquisition, collaboration, partnership, expansion, and technology launch. The Market demonstrates high growth potential which is likely to attract several new entrants in the market. Further resulting in intensified completion. Top players are investing heavily in R&D. Manufacturers operating in the Styrenic Polymers Market strive to deliver the best quality, reliable and consistent pure high-quality Styrenic Polymers products based on innovative technologies, and best practices.
They develop a proprietary portfolio of discrete high quality products available from small bottles to drum quantities. They also strive to build the ability to tailor products with the requested specifications such as customized/bulk packaging and special requirements and the help the clients to accelerate time to market. They are committed to excellence through customer service, technical consultation and on-site coordination ensuring a quick turnaround.
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Styrenic Polymers Market – Segments
Global Styrenic Polymers Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Types: Comprises – Styrenic Polymers, 2-methylpentane, 3-methylpentane, 2, 2-dimethylbutane, and 2, 3-dimethylbutane.
Segmentation by Application: Comprises – Food & Beverages, Pharmaceuticals, House Hold and Leather Products and other.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
The Global Styrenic Polymers consumption is estimated to grow at a CAGR over 4.8% during 2016 to 2021
Styrenic Polymers Market – Regional Analysis
Asia-Pacific is the largest market due to the rapid development of infrastructure and also due to the presence of fastest growing economies such as China and India. Europe has considerable regulations which constrict the usage of polymers based on the products’ impact on environment.
Europe had accounted for 21.1% of the total Styrenic Polymers consumption in 2012 and is estimated to grow at a CAGR over 2.5% during 2016 to 2021.
North America Styrenic Polymer Market is expected to have an above average growth rate.
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