Market Overview

The Global Polystyrene Market was valued at USD 33,333.9 million in 2023 and is expected to reach USD 49,625.9 million by 2031 while growing at a CAGR of 5.1% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global polystyrene market growth. Polystyrene, derived from the monomer styrene, is a versatile plastic known for its rigid and transparent properties. Widely used in industries like packaging, construction, and electronics, polystyrene exists in various forms, with solid types like General Purpose Polystyrene (GPPS) and foamed types like Expanded Polystyrene (EPS), each catering to specific applications.

Increasing growth in the consumer goods and packaging industry, along with the versatility and broad applications, propels the growth of the polystyrene market. However, obstacles such as environmental concerns and government regulations may impede further expansion.

Furthermore, the global polystyrene industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Resin Type Analysis

The Global Polystyrene Market is segmented among General Purpose Polystyrene (GPPS), High Impact Polystyrene (HIPS), and Expandable Polystyrene (EPS), based on Resin Type. In 2023, High Impact Polystyrene (HIPS) accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Form Type Analysis

The Global Polystyrene Market is segmented among Foams, Films and Sheets, Injection Molding, and Others, based on Form Type. In 2023, Foams accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Polystyrene Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Atlas Molded Products, Alpek S.A.B. de CV, Americas Styrenics LLC (AmSty), BASF SE, CHIMEI, Formosa Chemicals & Fibre Corp., INEOS Styrolution Group GmbH, Innova, KUMHO PETROCHEMICAL, and LG Chem.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Polystyrene Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Polystyrene Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Polystyrene Market Segmentation, By Resin Type  

• Global Polystyrene Market Share Analysis, By Resin Type  

• Global Polystyrene Market Growth Analysis, By Resin Type  

• Global Polystyrene Market Trends, By Resin Type  

o General Purpose Polystyrene (GPPS)

o High Impact Polystyrene (HIPS)

o Expandable Polystyrene (EPS)

6. Global Polystyrene Market Segmentation, By Form Type

• Global Polystyrene Market Share Analysis, By Form Type

• Global Polystyrene Market Growth Analysis, By Form Type

• Global Polystyrene Market Trends, By Form Type

o Foams

o Films and Sheets

o Injection Molding

o Others

7. Global Polystyrene Market Segmentation, By Region

• Global Polystyrene Market Share Analysis, By Region

• Global Polystyrene Market Growth Analysis, By Region

• Global Polystyrene Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Atlas Molded Products*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Alpek S.A.B. de CV

• Americas Styrenics LLC (AmSty)

• BASF SE

• CHIMEI

• Formosa Chemicals & Fibre Corp.

• INEOS Styrolution Group GmbH

• Innova

• Kumho Petrochemical

• LG Chem

 *Similar analysis will be provided for each company listed above.