Market Overview:
The global styrene copolymers resin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for styrene copolymers resin from various end-use industries, such as consumer goods, electrical & electronic appliances, packaging, automotive, building & construction and others. In terms of volume, Asia Pacific is expected to lead the global styrene copolymers resin market during the forecast period.
Product Definition:
Styrene copolymers are a type of synthetic resin. They are made from styrene and another monomer, such as acrylonitrile. Styrene copolymers have many applications, including in the production of plastics, adhesives, coatings, and elastomers. They are important because they can be used to create products with a variety of properties.
Suspension:
Suspension is a colloidal system of solid and liquid particles stabilized by the presence of a continuous phase. The suspension can be divided into two types, namely an emulsion and a solution. Emulsions are heterogeneous in nature owing to the presence of oil droplets dispersed in water whereas solutions are homogenous due to uniform particle size distribution.
Emulsion:
Emulsion is a stable dispersion of two or more liquids in the presence of a third liquid, which acts as an aggregate. The process takes place without any significant change in temperature and can be carried out by mechanical means such as stirring or by heat.
The most common example of emulsion is milk where butterfat and milk proteins are suspended in water.
Application Insights:
The packaging segment led the global styrene copolymers resins market in 2017 and is projected to witness significant growth over the forecast period. The resin finds application in various packaging products, such as corrugated boxes, flexible cartons, clamshells and bottles among others. Corrugated boxes were the largest revenue-generating segment for styrene copolymer resins in the packaging industry.
Consumer goods accounted for 21% of total market volume share in 2017 owing to increasing demand from major end-use industries including electrical & electronic appliances and automotive among others. Styrene copolymer resins are used as a replacement for PVC due to their better mechanical properties (i.e., strength) when compared with conventional plastics used previously such as polyvinyl chloride (PVC).
Regional Analysis:
Asia Pacific styrene copolymers resin market led the global industry and accounted for over 45% of the total market volume in 2016. The region is expected to continue its dominance over the forecast period owing to rapid industrialization, growing population, and increasing per capita income.
The consumer goods application segment in Asia Pacific styrene copolymers resin market led by rising demand from major end-use industries such as automotive, packaging & containers, construction & architecture among others. Rising disposable income coupled with expanding middle-class population base has resulted in increased spending on household durables including cars among emerging economies such as India and China thus fueling growth across this region.
Europe was estimated at USD X million in 2016.
Growth Factors:
- Increasing demand from end-use industries such as automotive and construction
- Rising demand for lightweight and durable materials in automotive sector
- Growing infrastructure development in emerging economies
- Increasing penetration of styrene copolymers resin in developed markets
- Technological advancements that improve the properties of styrene copolymers resin
Scope Of The Report
Report Attributes
Report Details
Report Title
Styrene Copolymers Resin Market Research Report
By Type
Suspension, Emulsion, Others
By Application
Consumer Goods, Electrical & Electronic Appliances, Packaging, Automotive, Building & Construction, Others
By Companies
Merck, Samsung Cheil Industries, INEOS, Chi Mei, Ningbo LG Yongxing Chemical, China National Petroleum, SABIC, Formosa Plastics, Toray, Tianjin Dagu Chemicals, PetroChina, Styron
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Styrene Copolymers Resin Market Report Segments:
The global Styrene Copolymers Resin market is segmented on the basis of:
Types
Suspension, Emulsion, 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
Consumer Goods, Electrical & Electronic Appliances, Packaging, Automotive, Building & 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:
- Merck
- Samsung Cheil Industries
- INEOS
- Chi Mei
- Ningbo LG Yongxing Chemical
- China National Petroleum
- SABIC
- Formosa Plastics
- Toray
- Tianjin Dagu Chemicals
- PetroChina
- Styron
Highlights of The Styrene Copolymers Resin 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:
- Suspension
- Emulsion
- Others
- By Application:
- Consumer Goods
- Electrical & Electronic Appliances
- Packaging
- Automotive
- Building & 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 Styrene Copolymers Resin 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
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- Consumer Insights
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- Product & Brand Management
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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?
Styrene copolymers resin is a type of plastic that is made from styrene and other monomers. It is often used to make products such as car parts, toys, and medical devices.
Some of the key players operating in the styrene copolymers resin market are Merck, Samsung Cheil Industries, INEOS, Chi Mei, Ningbo LG Yongxing Chemical, China National Petroleum, SABIC, Formosa Plastics, Toray, Tianjin Dagu Chemicals, PetroChina, Styron.
The styrene copolymers resin market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Styrene Copolymers Resin Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Styrene Copolymers Resin Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Styrene Copolymers Resin Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Styrene Copolymers Resin Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Styrene Copolymers Resin Market Size & Forecast, 2020-2028 4.5.1 Styrene Copolymers Resin Market Size and Y-o-Y Growth 4.5.2 Styrene Copolymers Resin Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Suspension
5.2.2 Emulsion
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Goods
6.2.2 Electrical & Electronic Appliances
6.2.3 Packaging
6.2.4 Automotive
6.2.5 Building & Construction
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Styrene Copolymers Resin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Styrene Copolymers Resin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Suspension
9.6.2 Emulsion
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Goods
9.10.2 Electrical & Electronic Appliances
9.10.3 Packaging
9.10.4 Automotive
9.10.5 Building & Construction
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Suspension
10.6.2 Emulsion
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Goods
10.10.2 Electrical & Electronic Appliances
10.10.3 Packaging
10.10.4 Automotive
10.10.5 Building & Construction
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Suspension
11.6.2 Emulsion
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Goods
11.10.2 Electrical & Electronic Appliances
11.10.3 Packaging
11.10.4 Automotive
11.10.5 Building & Construction
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Suspension
12.6.2 Emulsion
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Goods
12.10.2 Electrical & Electronic Appliances
12.10.3 Packaging
12.10.4 Automotive
12.10.5 Building & Construction
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Suspension
13.6.2 Emulsion
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Goods
13.10.2 Electrical & Electronic Appliances
13.10.3 Packaging
13.10.4 Automotive
13.10.5 Building & Construction
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Styrene Copolymers Resin Market: Competitive Dashboard
14.2 Global Styrene Copolymers Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Merck
14.3.2 Samsung Cheil Industries
14.3.3 INEOS
14.3.4 Chi Mei
14.3.5 Ningbo LG Yongxing Chemical
14.3.6 China National Petroleum
14.3.7 SABIC
14.3.8 Formosa Plastics
14.3.9 Toray
14.3.10 Tianjin Dagu Chemicals
14.3.11 PetroChina
14.3.12 Styron