Market Overview:
The global general purpose polystyrene (GPPS) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the GPPS market can be attributed to the increasing demand for packaging and construction applications, and rising demand from emerging economies such as China, India, and Brazil. In terms of volume, Asia Pacific is expected to lead the GPPS market during the forecast period followed by Europe and North America.
 Industry Outlook.svg)
Product Definition:
GPPS is a type of polystyrene typically used for general purpose applications, such as packaging and insulation. It is important because it can be molded into many shapes and forms, is lightweight, and inexpensive.
Extrusion molding:
Extrusion molding is a process of converting solid plastic material into molten form and then shaping it under high pressure. It offers several advantages over other molding processes such as lower operating costs, the ability to produce multiple products from a single batch of raw materials, and reduced scrap or wastage.
The extrusion process can be used for both thermoforming and injection molding depending on the type of machine being used.
Injection molding:
Injection molding is a process of creating three-dimensional objects from plastic by injecting molten plastic into a metal mold under high pressure. The molten plastic is injected in the form of pellets and then solidifies to create the final product. Injection molding can be used for making components or entire automotive parts, which are cost effective as compared to other processes such as casting and extrusion.
Application Insights:
The packaging application segment led the global general purpose polystyrene (GPPS) market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for corrugated boxes from various end-use industries such as food & beverage, retail, healthcare and pharmaceuticals among others.
Corrugated boxes are strong, lightweight and cost-effective alternatives to traditional heavy duty cartons used in the shipping of products including electronics parts, consumer goods along with small or medium-sized packages through the U.S., Canada and Mexico post office express mail service option known as SME MDM service that is expected to propel product demand across various applications during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from key industries including packaging, electronic appliances, construction, and others. China is one of the largest consumers as well as producers of polystyrene in this region owing to cheap labor costs and availability of raw materials at a low cost.
The Asia Pacific has witnessed significant economic growth over the past few years on account of strong GDP expansion in countries like India, Indonesia, Thailand among others are expected to have a positive impact on overall industry growth during the forecast period. In addition North America market for general purpose polystyrene is anticipated gain prominence due to increasing demand for lightweight vehicles by consumers coupled with growing automotive production across Mexico & Canada will drive product consumption over next eight years.
Growth Factors:
- Growing demand from the packaging industry: The global packaging market is expected to grow at a CAGR of 5.5% from 2016 to 2021. This is due to the increasing demand for lightweight and durable packaging solutions, which GPPS can provide.
- Rising demand for consumer electronics: The global consumer electronics market is expected to grow at a CAGR of 6% from 2016 to 2021. This is due to the increasing demand for smartphones, tablets, and other electronic devices. GPPS can be used in the manufacturing of these devices as it offers good thermal insulation and electrical insulation properties.
- Increasing use in automobiles: The global automotive market is expected to grow at a CAGR of 5% from 2016-2021 owing to rising disposable income levels and an increase in vehicle ownership rates across emerging markets such as China and India .GPPS can be used in various automobile applications such as dashboards, door panels, headliners, under-the-hood components etc., owing its excellent impact resistance property .
Scope Of The Report
Report Attributes
Report Details
Report Title
General Purpose Polystyrene (GPPS) Market Research Report
By Type
Extrusion molding, Injection molding, Others
By Application
Packaging, Electronic Appliances, Daily Consumer Products, Construction, Others
By Companies
INEOS, Total Petrochemicals, BASF SE, Trinseo, Sabic, PS Japan, Chi Mei Corporation, Polimeri, Supreme Petrochem, Chevron Phillips Chemical, KKPC, E.Styrenics, Formosa Chemicals, Hyundai Engineering, Taita Chemical, LG Chem, Toyo Engineer, VIETNAM Polystyrene, CNPC, SECCO Petrochemical, SINOPEC, BASF-YPC Company, RASTAR Synthetic Material, Hong Kong Petrochemical, Astor Chemical, Founder Commpoities
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global General Purpose Polystyrene (GPPS) Market Report Segments:
The global General Purpose Polystyrene (GPPS) market is segmented on the basis of:
Types
Extrusion molding, Injection molding, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, Electronic Appliances, Daily Consumer Products, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- INEOS
- Total Petrochemicals
- BASF SE
- Trinseo
- Sabic
- PS Japan
- Chi Mei Corporation
- Polimeri
- Supreme Petrochem
- Chevron Phillips Chemical
- KKPC
- E.Styrenics
- Formosa Chemicals
- Hyundai Engineering
- Taita Chemical
- LG Chem
- Toyo Engineer
- VIETNAM Polystyrene
- CNPC
- SECCO Petrochemical
- SINOPEC
- BASF-YPC Company
- RASTAR Synthetic Material
- Hong Kong Petrochemical
- Astor Chemical
- Founder Commpoities
 Market Overview.svg)
Highlights of The General Purpose Polystyrene (GPPS) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Extrusion molding
- Injection molding
- Others
- By Application:
- Packaging
- Electronic Appliances
- Daily Consumer Products
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the General Purpose Polystyrene (GPPS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
GPPS is a type of polystyrene that is used for general purpose applications. It is lightweight and has good insulation properties.
Some of the major companies in the general purpose polystyrene (gpps) market are INEOS, Total Petrochemicals, BASF SE, Trinseo, Sabic, PS Japan, Chi Mei Corporation, Polimeri, Supreme Petrochem, Chevron Phillips Chemical, KKPC, E.Styrenics, Formosa Chemicals, Hyundai Engineering, Taita Chemical, LG Chem, Toyo Engineer, VIETNAM Polystyrene, CNPC, SECCO Petrochemical, SINOPEC, BASF-YPC Company, RASTAR Synthetic Material, Hong Kong Petrochemical, Astor Chemical, Founder Commpoities.
The general purpose polystyrene (gpps) market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. General Purpose Polystyrene (GPPS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. General Purpose Polystyrene (GPPS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. General Purpose Polystyrene (GPPS) Market - Supply Chain
4.5. Global General Purpose Polystyrene (GPPS) Market Forecast
4.5.1. General Purpose Polystyrene (GPPS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. General Purpose Polystyrene (GPPS) Market Size (000 Units) and Y-o-Y Growth
4.5.3. General Purpose Polystyrene (GPPS) Market Absolute $ Opportunity
5. Global General Purpose Polystyrene (GPPS) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Type
5.3.1. Extrusion molding
5.3.2. Injection molding
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global General Purpose Polystyrene (GPPS) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Application
6.3.1. Packaging
6.3.2. Electronic Appliances
6.3.3. Daily Consumer Products
6.3.4. Construction
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global General Purpose Polystyrene (GPPS) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global General Purpose Polystyrene (GPPS) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global General Purpose Polystyrene (GPPS) Demand Share Forecast, 2019-2026
9. North America General Purpose Polystyrene (GPPS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Application
9.4.1. Packaging
9.4.2. Electronic Appliances
9.4.3. Daily Consumer Products
9.4.4. Construction
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Type
9.7.1. Extrusion molding
9.7.2. Injection molding
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America General Purpose Polystyrene (GPPS) Demand Share Forecast, 2019-2026
10. Latin America General Purpose Polystyrene (GPPS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Application
10.4.1. Packaging
10.4.2. Electronic Appliances
10.4.3. Daily Consumer Products
10.4.4. Construction
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Type
10.7.1. Extrusion molding
10.7.2. Injection molding
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America General Purpose Polystyrene (GPPS) Demand Share Forecast, 2019-2026
11. Europe General Purpose Polystyrene (GPPS) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Application
11.4.1. Packaging
11.4.2. Electronic Appliances
11.4.3. Daily Consumer Products
11.4.4. Construction
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Type
11.7.1. Extrusion molding
11.7.2. Injection molding
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe General Purpose Polystyrene (GPPS) Demand Share, 2019-2026
12. Asia Pacific General Purpose Polystyrene (GPPS) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Application
12.4.1. Packaging
12.4.2. Electronic Appliances
12.4.3. Daily Consumer Products
12.4.4. Construction
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Type
12.7.1. Extrusion molding
12.7.2. Injection molding
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific General Purpose Polystyrene (GPPS) Demand Share, 2019-2026
13. Middle East & Africa General Purpose Polystyrene (GPPS) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Application
13.4.1. Packaging
13.4.2. Electronic Appliances
13.4.3. Daily Consumer Products
13.4.4. Construction
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa General Purpose Polystyrene (GPPS) Market Size and Volume Forecast by Type
13.7.1. Extrusion molding
13.7.2. Injection molding
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa General Purpose Polystyrene (GPPS) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global General Purpose Polystyrene (GPPS) Market: Market Share Analysis
14.2. General Purpose Polystyrene (GPPS) Distributors and Customers
14.3. General Purpose Polystyrene (GPPS) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. INEOS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Total Petrochemicals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BASF SE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Trinseo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sabic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PS Japan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chi Mei Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Polimeri
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Supreme Petrochem
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chevron Phillips Chemical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. KKPC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. E.Styrenics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Formosa Chemicals
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hyundai Engineering
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Taita Chemical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. LG Chem
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Toyo Engineer
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. VIETNAM Polystyrene
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CNPC
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. SECCO Petrochemical
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
