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Global Styrene Market Overview

The growing automobile industry coupled with increasing investment in the construction sector has led to an increase in demand for the styrene market globally. Moreover, with the growing demand-supply gap, the prices of styrene increased over the past five years resulting in a further surge in market revenues. Increasing government spending on construction projects such as South-North Water Transfer Project in China, London cross rail project, highspeed railway in California, Chuo Shinkansen in Japan, Beijing Airport in China and great man-made river project in Libya would propel the growth of the styrene market across the globe. However, growing awareness about the harmful effects of styrene on the health of the people would hamper its growth over the coming years.

According to 6Wresearch, the Global Styrene Market size is anticipated to register growth during 2019-25. Based on consumption, polystyrene captured the majority of the market revenues in 2018 due to the vast application of the in the packaging sector. However, the expanded polystyrene (EPS) along with Styrene Butadiene Rubber (SBR) segment is expected to lead the market revenues during the forecast period owing to increasing usage of the product in the construction industry.

Growing economies in the Asia Pacific region such as India and China dominated the global Styrene market revenues owing to increasing usage of styrene in infrastructural development projects in the region. Moreover, the growing energy application of Unsaturated Polyester Resins (UPR) in the Asia Pacific and North American regions would further propel the market growth during the forecast period.

The global styrene market is projected to gain traction in the upcoming six years on the back of the rising use of personal safety products like bicycle helmets and car seats. Additionally, the rising food and beverages industries are estimated to gain traction In the coming timeframe owing to an increased need to preserve food in the containers that keep food fresh and hygiene therefore the rising use of styrene to manufacture food containers and lightweight protective packagings and is estimated to bolster the potential growth of the global styrene market in the upcoming six years.

Key Highlights of the Report:

  • Global Styrene Market Overview
  • Global Styrene Market Outlook
  • Global Styrene Market Price Trends
  • Global Styrene Market Forecast
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Market Drivers and Restraints
  • Global Styrene Market Share, By Players
  • Company Profiles
  • Key Strategic Recommendations
  • Global Styrene Market Trends and Production process Life Cycle
  • Global Styrene Market Share, By Regions
  • Global Styrene Market Overview on Competitive Benchmarking

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