Global Polystyrene Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Polystyrene Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Resin Type (General Purpose Polystyrene (GPPS), High Impact Polystyrene (HIPS), and Expandable Polystyrene (EPS)), Form Type (Foams, Films and Sheets, Injection Molding, and Others), End-user Industry (Packaging, Building and Construction, Electrical and Electronics, Consumer Goods, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.