AP NEWS

Worldwide Specialty Polystyrene Resin Markets, 2023 - ResearchAndMarkets.com

January 28, 2019

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 Highlights

Increase 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.

Market Dynamics

Drivers

High Growth of Automotive Application Construction & Packaging Industries are the Major Markets for Specialty Polystyrene Resin

Restraints

Volatility in Crude Oil & Raw Material Prices Availability of High-Performance Substitutes

Opportunities

Polystyrene Products can be Recycled Easily

Challenges

Growing Preference Toward Molded Pulp Packaging Ban on EPS in the Major Economies Threatens the EPS Manufacturers

Topics Covered

1 Introduction

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 Profiles

Atlas 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

View source version on businesswire.com:https://www.businesswire.com/news/home/20190128005342/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Plastics,Plastic Resins

KEYWORD:

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

http://www.businesswire.com/news/home/20190128005342/en

AP RADIO
Update hourly