Worldwide Specialty Polystyrene Resin Markets, 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 28, 2019--The “Specialty Polystyrene Resin Market by Function (Protection, Insulation, Cushioning & Others), Application (Protective Packaging, Building & Construction, Automotive & Transportation, Electronics, Healthcare), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The specialty polystyrene resin market size is projected to grow from USD 111 million in 2018 to USD 126 million by 2023, at a CAGR of 2.64% during the forecast period.
The growth of the market is primarily driven by the increasing use of packaging for performance and environmental reasons in emerging economies such as India, China, Thailand, Indonesia, Brazil, and Argentina. China continues to lead the market in APAC as well as globally.
Increase in purchasing power parity and preference for packed and hygienic food are some of the major drivers responsible for the growth of the specialty polystyrene resin packaging industry. Currently, the North American and European specialty polystyrene resin products are appreciated for their high quality; they enjoy significant brand recognition over many Asian products.
Key HighlightsIncrease in the demand for protection function from various applications is expected to fuel the demand for specialty polystyrene resin. The healthcare application is expected to be the fastest-growing application during the forecast period. APAC to record the highest growth rate during the forecast period.
DriversHigh Growth of Automotive Application Construction & Packaging Industries are the Major Markets for Specialty Polystyrene Resin
RestraintsVolatility in Crude Oil & Raw Material Prices Availability of High-Performance Substitutes
OpportunitiesPolystyrene Products can be Recycled Easily
ChallengesGrowing Preference Toward Molded Pulp Packaging Ban on EPS in the Major Economies Threatens the EPS Manufacturers
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Specialty Polystyrene Resin Market, By Function
7 Specialty Polystyrene Resin Market, By Application
8 Specialty Polystyrene Resin Market, By Region
9 Competitive Landscape
10 Company ProfilesAtlas Roofing BASF Eastman Chemical Company Ineos Styrolution Group Innova Jackon Knauf Insulation LG Chem Nova Chemicals Corporation Pacur Polysource RAPAC SABIC Samsung Fine Chemicals Co. Sekisui Plastics Co. Styrochem Styropek Sunpor Kunststoff Synthos Taita Chemical Co. Total Trinseo Versalis
For more information about this report visit https://www.researchandmarkets.com/research/h45lbp/worldwide?w=4
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Related Topics:Plastics,Plastic Resins
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/28/2019 08:18 AM/DISC: 01/28/2019 08:17 AM