Global Specialty Polystyrene Resin Industry was valued at USD 110 Million in the year 2018. Global Specialty Polystyrene Resin Industry is further estimated to grow at a CAGR of 3.1% from 2018 to reach USD 134 Million by the year 2025. The growth of the market is primarily driven by the increasing use of plastic packaging for better performance in emerging economies such as India, China, Middle East, Thailand, Indonesia, Brazil, and Argentina. China continues to hold the largest market share in APAC as well as globally. Increase in purchasing power parity and increasing preference for packed and hygienic food are some of the major drivers responsible for the growth of the specialty polystyrene resin packaging industry.
Global Specialty Polystyrene Resin Industry Share and Size by 2025 (USD Million)
The main considerations driving the Specialty Polystyrene Resin Market incorporate the expansion sought after for security from end-use enterprises, for example, bundling, building and development, human services, and electrical and hardware. Concentrate on the decrease of ozone depleting substance outflows and strict government directions on the development of vitality proficient structures with better protection properties are required to drive the interest for claim to fame polystyrene pitch.
The assurance capacity of claim to fame Polystyrene Resin incorporates ductile, twisting engrossing effect, sudden power, load bearing and others, which are generally required in businesses, for example, car and building and development. The interest for this section has expanded the interest for claim to fame polystyrene pitch all inclusive. Strength polystyrene tar utilized in the bundling application are comprised of material sorts, for example, PS, PU, PO, and others including PVDF and PVC. Forte polystyrene pitch is the most flexible kind of polymer froth. It is lightweight, made out of individual cells of low-thickness PS, and has high solidarity to-weight proportion since its cells are not cross-connected, making them the ideal material for the security work.
Major market players in Specialty Polystyrene Resin Industry are NOVA Chemicals Corpo., Synthos, BASF SE, Sekisui Plastics Co. Ltd., SUNPOR KUNSTSTOFF GmbH, Atlas EPS, VERSALIS, SABIC, LG Chem Ltd., BEWiSynbra Group AB (publ), Samsung Fine Chemicals Co., Ltd, Total S.A., and Trinseo
Specialty Polystyrene Resin Industry, By Application
Specialty Polystyrene Resin Industry, By Function
Specialty Polystyrene Resin Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa