Market Overview:
The global styrene monomer (SM) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for SM in passenger vehicles and commercial vehicles. In terms of volume, the OEM segment is expected to dominate the market during the forecast period. However, in terms of value, the aftermarket segment is expected to grow at a higher rate than other segments.
 Industry Outlook.svg)
Product Definition:
Styrene monomer is an important organic compound that is used in the manufacture of polystyrene. It is a colorless, flammable liquid with a characteristic sweet odor. Styrene monomer is used to produce polystyrene, which is a synthetic resin that has many applications including food packaging and insulation.
Passenger Vehicle:
Passenger vehicle is a general term for any transport equipment that seats more than five persons, including the driver. The passenger vehicle market includes light commercial vehicles and heavy trucks. Passenger vehicles are primarily designed to carry passengers from one place to another with safety and comfort in mind.
Commercial Vehicle:
Commercial vehicles include trucks, buses, and trailers. They are used for the transportation of goods and materials from one place to another. The global commercial vehicle market size was estimated at USD 1,333 billion in 2016. It is expected to grow at a CAGR of XX% over the forecast period owing to increasing demand from end-use industries such as construction & building; automotive; mining & metals; logistics; agriculture; and others.
Application Insights:
OEMs generated a revenue of USD 2.8 billion in 2017 and is expected to witness significant growth over the forecast period. Rising demand for automotive components such as interior trim, flooring, door panels, headliners and powertrain is anticipated to drive the segment growth over the forecast period.
The use of styrene monomer (SM) in commercial vehicles mainly trucks & buses is projected to grow at a CAGR of XX% from 2018 to 2030 owing to its increasing application scope in commercial vehicle manufacturing including body parts such as fenders, doors and hoods among others. The growing construction industry across developing countries including China India and Brazil are expected fuel product demand over the next eight years.
Regional Analysis:
Asia Pacific styrene monomer market led the global industry and accounted for over 45% of total market volume in 2016. The region is expected to witness significant growth owing to increasing vehicle production mainly in China, India, Japan and South Korea. Increasing demand from the automotive sector coupled with growing consumer disposable income will drive regional product demand over the forecast period.
Europe was estimated at USD X million in 2016 and is anticipated to grow at a CAGR of XX% from 2017 to 2030 due primarily on passenger car production growth in Germany, France Spain Italy.
Growth Factors:
- Growing demand from end-use industries such as construction, automotive and packaging
- Increasing use of styrene monomer in manufacturing lightweight plastic products
- Rising demand for styrene monomer in emerging economies
- Technological advancements in production processes of styrene monomer
- Growing awareness about the benefits of using styrene monomer
Scope Of The Report
Report Attributes
Report Details
Report Title
Styrene Monomer(SM) Market Research Report
By Type
Passenger Vehicle, Commercial Vehicle
By Application
OEM, Aftermarket
By Companies
Denso, Continental, Asmo, Mitsuba, Kautex, Hella, Exo-s, Mergon Group, Bowles Fluidics, Doga, Shihlin, Zhenqi, Xingwang, Riying, Chaodun, Chaoli
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Styrene Monomer(SM) Market Report Segments:
The global Styrene Monomer(SM) market is segmented on the basis of:
Types
Passenger Vehicle, Commercial Vehicle
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
OEM, Aftermarket
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:
- Denso
- Continental
- Asmo
- Mitsuba
- Kautex
- Hella
- Exo-s
- Mergon Group
- Bowles Fluidics
- Doga
- Shihlin
- Zhenqi
- Xingwang
- Riying
- Chaodun
- Chaoli
 Market Overview.svg)
Highlights of The Styrene Monomer(SM) 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:
- Passenger Vehicle
- Commercial Vehicle
- By Application:
- OEM
- Aftermarket
- 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 Monomer(SM) 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?
Styrene monomer is a type of plastic that is made from styrene. It is a clear, colorless liquid with a slightly sweet odor.
Some of the key players operating in the styrene monomer(sm) market are Denso, Continental, Asmo, Mitsuba, Kautex, Hella, Exo-s, Mergon Group, Bowles Fluidics, Doga, Shihlin, Zhenqi, Xingwang, Riying, Chaodun, Chaoli.
The styrene monomer(sm) market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Styrene Monomer(SM) 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 Monomer(SM) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Styrene Monomer(SM) 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 Monomer(SM) 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 Monomer(SM) Market Size & Forecast, 2020-2028
4.5.1 Styrene Monomer(SM) Market Size and Y-o-Y Growth
4.5.2 Styrene Monomer(SM) 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 Passenger Vehicle
5.2.2 Commercial Vehicle
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 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Styrene Monomer(SM) 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 Monomer(SM) 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 Passenger Vehicle
9.6.2 Commercial Vehicle
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 OEM
9.10.2 Aftermarket
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 Passenger Vehicle
10.6.2 Commercial Vehicle
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 OEM
10.10.2 Aftermarket
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 Passenger Vehicle
11.6.2 Commercial Vehicle
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 OEM
11.10.2 Aftermarket
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 Passenger Vehicle
12.6.2 Commercial Vehicle
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 OEM
12.10.2 Aftermarket
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 Passenger Vehicle
13.6.2 Commercial Vehicle
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 OEM
13.10.2 Aftermarket
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 Monomer(SM) Market: Competitive Dashboard
14.2 Global Styrene Monomer(SM) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Denso
14.3.2 Continental
14.3.3 Asmo
14.3.4 Mitsuba
14.3.5 Kautex
14.3.6 Hella
14.3.7 Exo-s
14.3.8 Mergon Group
14.3.9 Bowles Fluidics
14.3.10 Doga
14.3.11 Shihlin
14.3.12 Zhenqi
14.3.13 Xingwang
14.3.14 Riying
14.3.15 Chaodun
14.3.16 Chaoli
