Market Overview:
The global polystyrene plastic 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 polystyrene plastic in construction, laboratory equipment, food packaging, and other applications. Polystyrene plastics are used in a wide range of applications owing to their properties such as durability, light weight, and resistance to corrosion. North America is expected to lead the global polystyrene plastic market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Polystyrene is a type of plastic that is used to make products such as cups, food containers, and packing peanuts. It is important because it is lightweight and can be recycled.
Solid Plastic:
Solid plastic is a type of polymers that exists in the form of resins or synthetic fibers. It can be segmented into two types, namely thermoplastic and thermosetting.
Rigid Foam Material:
Rigid foam material is used in the production of polystyrene plastic. It is a closed-cell, non-Newtonian solid that has high resistance to deformation and can be easily compressed. Rigid foams are produced with the help of chemical reactions between monomers and polymer precursors which create a network structure on account of cross-linking.
Application Insights:
The construction application segment led the global polystyrene plastic market and accounted for more than 25.0% share of the total revenue in 2017. The product is widely used in residential & commercial buildings, bridges, highways, tunnels and other infrastructure projects as well as for packaging materials such as pipes & cables. It is also used to make insulation foams that are required to be installed between the flooring layers of a building structure or an underground structure to prevent heat transfer from one layer to another through conduction and convection radiation.
Polystyrene has excellent impact resistance properties which makes it suitable for use in making body parts such as eyesockets for masks or helmets that are part of protective gear worn by soldiers during military training or wars.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of 33.0% in 2017. The region is also anticipated to register the fastest CAGR over the forecast period owing to rapid industrialization and urbanization, coupled with increasing per capita income levels and rising population.
The construction industry is one of the significant sectors driving growth in Asia Pacific as it provides employment to a large number of people across various countries including China, India, Japan, South Korea and Indonesia among others. In addition, growing infrastructural needs across emerging economies such as China and India are expected to fuel demand for building materials including cementitious products which will further propel product consumption over the coming years.
North America accounted for 20th position out of 36 analyzed markets globally in terms of volume consumed during 2017 due mainly to high production levels pertaining mainlyrigid foam material used primarilyin packaging applications followed by solid plastic material used largelyfor construction purposes both onshore & offshore).
Growth Factors:
- Growing demand from end-use industries such as construction, automotive and packaging is expected to drive the growth of polystyrene plastic market over the forecast period.
- Rising disposable income coupled with changing lifestyle of consumers is anticipated to boost the demand for polystyrene plastic products in the near future.
- Increasing use of lightweight and durable plastics in automobiles is projected to propel the growth of global polystyrene plastic market during the forecast period.
- Stringent government regulations regarding environmental protection are likely to create new opportunities for polystyrene plastic manufacturers in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Polystyrene Plastic Market Research Report
By Type
Solid Plastic, Rigid Foam Material, Other
By Application
Construction, Laboratory Equipment, Food Packaging, Other
By Companies
Covestro, SABIC, Basf, Dow Chemical, Kingfa Sci & Tec, PRET, Guangzhou Keyuan Innovative Materials, Shandong Dawn Polymer, Hefei Huitongxin Material, Zhuzhou Times New Material Technology
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Polystyrene Plastic Market Report Segments:
The global Polystyrene Plastic market is segmented on the basis of:
Types
Solid Plastic, Rigid Foam Material, Other
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
Construction, Laboratory Equipment, Food Packaging, Other
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:
- Covestro
- SABIC
- Basf
- Dow Chemical
- Kingfa Sci & Tec
- PRET
- Guangzhou Keyuan Innovative Materials
- Shandong Dawn Polymer
- Hefei Huitongxin Material
- Zhuzhou Times New Material Technology
Highlights of The Polystyrene Plastic 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:
- Solid Plastic
- Rigid Foam Material
- Other
- By Application:
- Construction
- Laboratory Equipment
- Food Packaging
- Other
- 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 Polystyrene Plastic 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
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?
Polystyrene plastic is a type of plastic that is made from styrene and other chemicals. It is often used to make products such as food containers, cups, and toys. Polystyrene can be recycled using a process called thermal decomposition, but it can also be harmful if it's burned.
Some of the key players operating in the polystyrene plastic market are Covestro, SABIC, Basf, Dow Chemical, Kingfa Sci & Tec, PRET, Guangzhou Keyuan Innovative Materials, Shandong Dawn Polymer, Hefei Huitongxin Material, Zhuzhou Times New Material Technology.
The polystyrene plastic market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polystyrene Plastic 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. Polystyrene Plastic Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polystyrene Plastic Market - Supply Chain
4.5. Global Polystyrene Plastic Market Forecast
4.5.1. Polystyrene Plastic Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polystyrene Plastic Market Size (000 Units) and Y-o-Y Growth
4.5.3. Polystyrene Plastic Market Absolute $ Opportunity
5. Global Polystyrene Plastic 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. Polystyrene Plastic Market Size and Volume Forecast by Type
5.3.1. Solid Plastic
5.3.2. Rigid Foam Material
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Polystyrene Plastic 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. Polystyrene Plastic Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Laboratory Equipment
6.3.3. Food Packaging
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Polystyrene Plastic 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. Polystyrene Plastic 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 Polystyrene Plastic 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. Polystyrene Plastic 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 Polystyrene Plastic Demand Share Forecast, 2019-2026
9. North America Polystyrene Plastic 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 Polystyrene Plastic 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 Polystyrene Plastic Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Laboratory Equipment
9.4.3. Food Packaging
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Polystyrene Plastic Market Size and Volume Forecast by Type
9.7.1. Solid Plastic
9.7.2. Rigid Foam Material
9.7.3. Other
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 Polystyrene Plastic Demand Share Forecast, 2019-2026
10. Latin America Polystyrene Plastic 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 Polystyrene Plastic 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 Polystyrene Plastic Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Laboratory Equipment
10.4.3. Food Packaging
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Polystyrene Plastic Market Size and Volume Forecast by Type
10.7.1. Solid Plastic
10.7.2. Rigid Foam Material
10.7.3. Other
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 Polystyrene Plastic Demand Share Forecast, 2019-2026
11. Europe Polystyrene Plastic 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 Polystyrene Plastic 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 Polystyrene Plastic Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Laboratory Equipment
11.4.3. Food Packaging
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Polystyrene Plastic Market Size and Volume Forecast by Type
11.7.1. Solid Plastic
11.7.2. Rigid Foam Material
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projection 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 Polystyrene Plastic Demand Share, 2019-2026
12. Asia Pacific Polystyrene Plastic 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 Polystyrene Plastic 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 Polystyrene Plastic Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Laboratory Equipment
12.4.3. Food Packaging
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Polystyrene Plastic Market Size and Volume Forecast by Type
12.7.1. Solid Plastic
12.7.2. Rigid Foam Material
12.7.3. Other
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 Polystyrene Plastic Demand Share, 2019-2026
13. Middle East & Africa Polystyrene Plastic 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 Polystyrene Plastic 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 Polystyrene Plastic Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Laboratory Equipment
13.4.3. Food Packaging
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Polystyrene Plastic Market Size and Volume Forecast by Type
13.7.1. Solid Plastic
13.7.2. Rigid Foam Material
13.7.3. Other
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 Polystyrene Plastic Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Polystyrene Plastic Market: Market Share Analysis
14.2. Polystyrene Plastic Distributors and Customers
14.3. Polystyrene Plastic Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Covestro
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SABIC
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
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dow Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kingfa Sci & Tec
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PRET
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Guangzhou Keyuan Innovative Materials
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shandong Dawn Polymer
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hefei Huitongxin Material
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zhuzhou Times New Material Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
