Global Styrenic Polymers Market Synopsis :
Styrenic Polymers Products have become an inseparable part of modern lives adding value, convenience, and quality to the daily life. Becoming an integral component in a diversified range of products from an aeroplane toy to a real-life aeroplane, from myriad consumer electronics to transportation, construction, and medical applications, Styrenic Polymers enjoy an absolute monopoly. Increasingly finding a new application area with the growing proliferation of technology, these polymers have garnered quite a prominence around the world.
And with each application expanse, the market for Styrenic Polymers is increasing on the global level, enjoying an extensive traction all around. After the recent involvement of high-quality virgin, Styrenic Polymers in chemical recycling technology developed by Agilyx (US) to recycle PS (polystyrene) waste, these polymers have become a more valuable material that is re-usable plus helping the environment reducing plastic waste. The pervasively increasing importance certainly provides the impetus to the market growth, furthering demand.
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Top Key Players :
The Dow Chemical Company
NOVA Chemicals Corporation
INEOS Group AG
Bayer CropScience limited
Alpek S.A.B. de C.V
Asahi Kasei Chemicals Corp
INEOS Styrolution Group GmbH
Global Styrenic Polymers Market Competitive Landscape factors:
The global Styrenic Polymers market appears to be fiercely competitive and fragmented with many well-established players having the global presence. Brand reinforcement, mergers & acquisitions, and innovation remain the popular trends for the key players in the market.
Industry/ Innovation/ Related News:
April 20, 2018 – Top Polymer Enterprise Ltd. (China), a notable thermoplastic elastomer maker announced the investment of USD 15 million in a factory near Atlanta. This will be company’s first plant (expansion) outside China and is expected to boost the company’s existence into the US market. The U.S. site will be operational by May 2019.
Global Styrenic Polymers Market Geographical Analysis:
Globally, Asia Pacific is the largest market for Styrenic Polymers Market followed by the North America and Europe markets respectively. The growing industrialization coupled with the demand from burgeoning end-user industries in the region such as automotive, electrical & electronics food and cosmetic packaging industry help to bolster the regional market growth. Continuing with the same growth trends, APAC region is likely to retain its dominance in the global Styrenic Polymers market.
While the North America market stands as the second largest market for Styrenic Polymers owing to the presence of leading manufacturers in the region with the superior product offering. The region is estimated to be the major revenue pocket for the global Styrenic Polymers market by 2023.
The Europe market of Styrenic Polymers is rapidly expanding in the global market. Augmented demand for the product, backed by the well-developed industries such as automotive and personal home care industry in some of the European countries like Germany, Italy, France and the UK drives the growth of the regional market.
Global Styrenic Polymers Market Segmentations:
For an easy grasp and enhanced understanding, MRFR has segmented the analysis into 3 Key dynamics.
By Product Types : Comprises – Polystyrene, EPS (Expanded Polystyrene), ABS (Acrylonitrile Butadiene Styrene), UPR (Unsaturated Polyester Rubber Resin), and SBR (Styrene Butadiene Rubber) among others.
By End-Use Industry : Building & Construction, Automotive, Consumer Goods, Marine Accessories, Electrical & Electronics, and Packaging, among others.
By Regions : North America, Europe, APAC and Rest of the World.
Styrenic Polymer Market Manufacturers
Traders and Distributors of Styrenic Polymer Market
Production Process Industries
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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