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Global Polystyrene Market Research Report Size | Status | Top Players | Trends | Forecast to 2023

Press Release

Global Polystyrene Market Information- by Types (GPPS, HIPS, EPS, XPS, and others), by End User (Automotive Industry, Electronics, Thermal Insulation Industries, Pharmaceuticals, Consumer Industry, Packaging Industry, Construction Industry) and by Region – Forecast till 2023

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Market analysis

The packaging business keeps on posing a solid interest for polystyrene – a standout amongst the most well-known polymers on the planet. Offers of the expandable variation have remained generally strong and the pattern is probably going to proceed all through the survey time frame. Polystyrene is additionally a favored material for HVAC protection. A sizeable level of the total market revenue is produced from offers of polystyrene for insulation application. It finds a wide-scope of use from thermal insulators in buildings and structures to buyer products packaging insulation. As an industrial product, it conveys excellent execution yet has poor consistency with the ecological guideline. The social issues of the product hinder its market growth. The Global Polystyrene Market is expected to grow at a CAGR of 4.87% during the forecast period 2017 to 2023.

Market segmentation
The Global Polystyrene Market is segmented on the basis of its type, application, end-user, and regional demand. Based on its type, the market is divided into high impact polystyrene (HIPS), general-purpose polystyrene (GPPS), extruded polystyrene (XPS), expanded polystyrene (EPS), and others. On the basis of its application, the market is further divided into HVAC insulation, flexible packaging, Rigid packaging, seating, and others. Based on its end-users, the market is categorized as packaging, building & construction electronics, and consumer goods & appliances.

Regional analysis

Geographically, the Global Polystyrene Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

Formosa Chemical & Fibre Corp., BASF SE, Chi Mei Corporation, Kumho Petrochemical, Total, Trinseo, SABIC, Innova, Alpek SAB De CV, INEOS Styrolution Group GmbH, ACH Foam Technologies, Inc., among others are some of the major players in the Global Polystyrene Market.

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