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Monday, September 13, 2021

Global Styrene Market to be Driven by the Extensive Uses of Styrene in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Styrene Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global styrene market, assessing the market based on its segments like product types, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 5%

The market for styrene is being aided by the extensive use of acrylonitrile butadiene styrene owing to its favourable properties. The use of acrylonitrile butadiene styrene in consumer electronics owing to its rigid, abrasive, and strain resistant properties is propelling the market growth. Moreover, the use of styrene as a raw material in thermoplastics with diverse uses is invigorating the growth of the styrene industry. Styrene is extensively used in various automobile parts to improve fuel efficiency and reduce the weight of the vehicle, consequently propelling the market growth. The increasing use of 3D printing in various industries for prototyping is further impetus to the market growth for styrene.

Industry Definition and Major Segments

Styrene is a synthetic chemical that is used as a raw material in rubbers and polymers. It is derived from petroleum and gas products and occurs naturally in several fruits and vegetables. Styrene has excellent properties such as high tensile strength, durability, low heating temperature, and electric resistivity, among others.

Based on product types, the market is divided into:

The major end uses of styrene are:

  • Packaging
  • Construction
  • Consumer Goods
  • Automotive
  • Others

The major regional markets of styrene are:

  • Europe
  • North America
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Explore the full report with the table of contents@

Market Trends

The growth of the styrene industry is being driven by the wide use of polystyrene in various food packaging to enhance shelf life, reduce weight, and prevent damage. The cost-effectiveness of styrene is increasing its usage in various industries such as construction, automotive, and consumer goods which is expected to aid the market growth. Moreover, the rising demand for biodegradable and sustainable products is surging the use of bio-styrene which is projected to propel the market growth. Increasing research and development (R&D) activities by the leading companies to aid the circular economy is anticipated to augment the market growth of styrene in the forecast period.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Key Market Players

The major players in the market are Chevron Phillips Chemical Company, Kumho Petrochemicals Ltd., Royal Dutch Shell plc, INEOS Group, LyondellBasell Industries Holdings B.V., and BASF SE, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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Read about global styrene acrylonitrile copolymer market:

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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