The styrenics polymers consumption is estimated to be 35,007 kilotons in 2013 and will grow by 4.81% annually till 2018. The increasing demand of styrenics polymers in Asia-Pacific, especially in China, and growth in end-user applications such as construction and automotive industry are key factors driving the global styrenic polymers market.
2. Styrenics Market worth $108,510 Million By 2018
The report "Styrenics Market – Polystyrene (Expanded, GPPS), Acrylonitrile Butadiene Styrene,
SBR, UPR – Global Trends & Forecasts to 2018" defines and segments the global styrenic market
with analysis and forecasting of volume consumed and revenue generated. The styrenic
consumption will grow from an estimated 35,007 kilo tons in 2013 to 44,270 kilo tons by 2018,
growing with a CAGR of 4.81% during the same period.
Browse 116 market data tables and 36 figures spread through 317 pages and in-depth TOC on
“Styrenics Market – Polystyrene (Expanded, GPPS), Acrylonitrile Butadiene Styrene, SBR, UPR
- Global Trends & Forecasts to 2018”.
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The styrenics market is mainly driven by growing demand for end-use industries such as building
and construction, packaging, automotive, and consumer goods. Rising need for infrastructure is
driving the consumption of Polystyrene (PS) and Expanded Polystyrene (EPS) in the construction
industry. Similarly, growing consumer goods demand and tire labeling regulations are expanding
the market for Acrylonitrile Butadiene Styrene (ABS) and Styrene Butadiene Rubber (SBR)
respectively. Unsaturated Polyester Resin (UPR) is consumed on a large scale in applications such
as pipes & tanks, marine accessories, wind energy, etc.
The immense potential of styrenics market is attracting various small and big level industry
players. It is experiencing a huge surge, especially in Asia-Pacific, due to its flourishing
infrastructure sector. It is the highest growing market followed by Europe and North America,
driving the global consumption of styrene-based polymers.
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Expansion is the major growth strategy adopted by the market players. Most of the companies are
expanding their operations to new regions and developing new products so as to increase their
styrenic polymers business. However, the diversified range of styrene-based products and varied
application areas provide opportunities for all players, not allowing one particular player to lead
the market.
The report forecasts revenue of the global styrenics market and its various submarkets with respect
to main regions namely, Asia-Pacific, Europe, North America, and Rest of the World.
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The report segments the global styrenics market by types such as Polystyrene (PS), Expanded
Polystyrene (EPS), Acrylonitrile Butadiene Styrene (ABS), Styrene Butadiene Rubber (SBR),
Unsaturated Polyester Resin (UPR), and other polymers. These polymers are further segmented on
the basis of their respective applications. It also focuses on company analysis and metrics such as
drivers, restraints, opportunities, and winning imperatives.