May 25, 2018   SOURCE: BusinessWire

Global Styrene Market Analysis, Growth, Trends & Forecast 2018-2023, With an Expected CAGR of Almost 5% - ResearchAndMarkets.com

The "Global Styrene Market - Segmented by Product Type, End-user Industry, and Geography - Growth, Trends and Forecast (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The styrene market is expected to register a CAGR of 4.9% between 2018 and 2023.

Expanded polystyrene (EPS) is one of the most popular materials used in the construction industry. One of the major reasons is its cost-effectiveness, along with its ideal physical and mechanical properties for insulation needs. EPS is used as insulation in roofs, walls, and foundations, and serves as an integral component of insulated concrete forms (ICFs), structural insulated panels (SIPs), and exterior insulation and finish systems (EIFS).

Styrene is widely used in the packaging industry, owing to its properties, such as light weight, durability, flexibility, thermal efficiency, and moisture resistivity. Styrene is used for packing food products, such as fish, meat, fruits, milk products, processed foods, consumer durables, electronics, horticulture, heavy products, and fragile pharmaceutical products, among others.

The United States is also the world's second largest market for vehicle sales and production. It contributes around 3-3.5% to the country's GDP. The production of light vehicles in the United States reached 11 million units in 2017. Honda, Ford Motors, and General Motors are some of the major manufacturers in the country. The sales of light vehicles reached 17.5 million units.

Companies Mentioned

  • Americas Styrenics
  • Ashland Inc.
  • BASF SE
  • Bayer AG
  • Chevron Phillips Chemicals Company
  • INEOS Styrolution Group GmbH
  • LG Chem
  • LyondellBasell Industries Holdings B.V.
  • Mitsubishi Chemicals
  • NIPPON STEEL & SUMIKIN CHEMICAL CO. LTD
  • Perlite Construction Co.
  • Shell Chemicals
  • Shuangliang Leasty Chemical
  • SINOPEC Qingdao Refining Corp. Ltd
  • SABIC
  • The Dow Chemicals Company
  • Total Petrochemicals

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/5p39vt/global_styrene?w=4