Aug 12, 2021   SOURCE: BusinessWire

Global Styrene Market Outlook to 2026 with Chevron Phillips, SABIC, Royal Dutch Shell, & INEOS Styrolution Dominating - ResearchAndMarkets.com

The "Global Styrene Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

Global Styrene market is expected to witness a significant growth rate during the forecast period.

The high demand for polystyrene drives the growth of the styrene market. Styrene is used to produce polystyrene through a process called suspension polymerization. Polystyrene is a plastic that is used for the manufacturing of air conditioners, ovens, refrigerators, microwaves, vacuum cleaners, etc.

The major factors responsible for the growth of the global Styrene market are increasing demand from the construction, automotive, and packaging industries.

However, the increasing health and environmental concerns due to the usage of styrene limits the demand for styrene and is a major restraint. In May 2020, Visakhapatnam witnessed a Styrene gas leak in the LG Polymers plant which led to the death of a dozen people (approx) and around 50 people were in serious condition.

The Asia Pacific region was found to be the major region accounting for the largest share of the global Styrene market due to the robust and growing food packaging industry. This is followed by North America and Europe.

The global Styrene market is highly fragmented. The major players in the global styrene market are Chevron Phillips Chemical Company LLC, Saudi Basic Industries Corp. (SABIC), Royal Dutch Shell PLC, INEOS Styrolution Holding Ltd, among others.

On October 5, 2020, Shrieve Chemical Company announced the acquisition of the Styrene business unit from CLP Chemical (a market-leading industrial chemical distributor based in the USA).

In December 2018, a joint industry initiative was launched that was called Styrenics Circular Solutions, which has a common goal i.e. to transform the styrenics industry by unleashing polystyrene's value as a fully and infinitely recyclable material.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

2.1 Aim & Objective of the study

2.2 Market Definition

2.3 Study Information

2.4 General Study Assumptions

2.5 Research Phases

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Regulatory Policies

3.6 Analysis of COVID-19 Impact

4. Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter's Five Forces Analysis

5. Market Segmentation & Forecast

5.1 By Type

5.1.1 Polystyrene

5.1.2 ABS (Acrylonitrile butadiene styrene)

5.1.3 SAN (Styrene Acrylonitrile)

5.1.4 SBR (Styrene-butadiene rubber)

5.2 By Application

5.2.1 Automotive

5.2.2 Construction

5.2.3 Consumer Goods

5.2.4 Electrical and Electronics

5.2.5 Packaging

5.2.6 Others

6. Regional Market Analysis

6.1 North America

6.1.1 United States

6.1.2 Canada

6.1.3 Mexico

6.2 Europe

6.2.1 Germany

6.2.2 United Kingdom

6.2.3 Italy

6.2.4 France

6.2.5 Russia

6.2.6 Rest of Europe

6.3 Asia-Pacific

6.3.1 China

6.3.2 India

6.3.3 Japan

6.3.4 South Korea

6.3.5 Australia

6.3.6 Rest of Asia-Pacific

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle East & Africa

6.5.1 South Africa

6.5.2 Saudi Arabia

6.5.3 Rest of Middle East & Africa

7. Key Company Profiles

7.1 Alpek SAB DE CV

7.2 Chevron Phillips Chemical Company LLC

7.3 Eni S.p.A.

7.4 INEOS Styrolution Holding Ltd.

7.5 Total S.A.

7.6 Saudi Basic Industries Corp. (SABIC)

7.7 Hanwha Group

7.8 Royal Dutch Shell PLC

7.9 Ashland Global Specialty Chemicals Inc

7.10 NOVA Chemicals Corporation

7.11 Covestro AG

7.12 LG Chem Ltd

7.13 Repsol

8. Competitive Landscape

8.1 List of Notable Players in the Market

8.2 M&A, JV, and Agreements

8.3 Market Share Analysis

8.4 Strategies of Key Players

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/21hpe9