Jan 28, 2019   SOURCE: BusinessWire

Worldwide Specialty Polystyrene Resin Markets, 2023 - ResearchAndMarkets.com

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