Styrene Market size was valued at US$ 51.45 Bn. in 2021 and the total Styrene revenue is expected to grow at 5 % from 2021 to 2029, reaching nearly US$ 76.02 Bn.
Maximize Market Research, a prominent international research firm specializing in the healthcare industry, has recently released a comprehensive report on the Styrene Market. The analysis provides valuable insights into the market, including key commercial information, regional market sizes, and forecasts up to 2029.
Styrene Market Overview:
The report delves into the dynamics of the Styrene Market by thoroughly examining current and emerging trends. It employs Porter's five forces analysis to assess various factors, such as competitive intensity, potential threats from different stakeholders, and the ability of emerging companies to acquire resources. To determine the market size at both regional and global levels, the research adopts a bottom-up approach, conducting a micro-level analysis of each country. By doing so, the report also evaluates the contribution of the unorganized market to the overall market size.
The findings of the report are validated through interviews with well-known local industry experts. The research utilizes both commercial and free databases for secondary research and analysis. Supply and consumption data from each market participant are obtained from reliable third-party sources, official government databases, and annual reports of publicly traded companies.
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Styrene Market Segmentation:
by Type
• Acrylonitrile Butadiene Styrene (ABS)
• Expanded Polystyrene (EPS)
• Others
The sector for Acrylonitrile Butadiene Styrene (ABS) is anticipated to experience the highest CAGR of 7.2% among all segments based on Type over the projection period. ABS is used in the production of several car parts, including the bumper, seats, dashboard, interior trim, headliners, centre consoles, and lighting. ABS accounts for around 12.7% of all automotive polymers used in a passenger automobile.
It is anticipated that as more people become aware of the underlying link between mass and fuel efficiency, the use of ABS in automobiles would increase. Acrylonitrile butadiene styrene is used for vacuum construction as well as pipes and fittings because of its high mechanical strength and low weight. Because ABS is more durable and corrosion-resistant than PVC, it is used to produce garbage collection products.
by Application
• Automotive
• Construction
• Packaging Consumer Goods
• Others
Depending on the application On a global level, the automotive industry has been expanding significantly. Globally, the industry sold 110.0 million cars in 2021, a 7% rise from the year before. Demand is anticipated to rise during the forecast period as a result of factors including increased urbanisation, rising interest in electric vehicles, and constant technical advancements.
The automotive sector, which had a revenue share of 22% in 2021 due to increasing use in the automotive industry, is anticipated to grow at the fastest rate throughout the projection period. A major driver of the market's expansion is rising car manufacturing, which is concentrated in China, Indonesia, Mexico, the United States, Germany, South Korea, Japan, Malaysia, and Taiwan.
by End Use
• Plastics
• Paints & Coatings
• Packaging
• Rubber
• Automotive
• Others
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Styrene Market Regional Analysis:
- North America
- Europe
- Asia-Pacific
- The Middle East and Africa
- Latin America
The report thoroughly examines the Styrene market, including manufacturer supply chains, prevailing regulations, cost structures, and market shares. It also explores regional markets by Analyzing product pricing in relation to profitability.
Styrene Market Key Players:
• Chevron Phillips Chemical Company
• Bayer Material science
• Royal Dutch Shell plc.
• Ashland Inc
• Nova Chemicals Corporation
• SABIC Co.
• Ineos Group AG
• Alpek S.A.B. de C.V.
• Hanwha Group
• Eni S.p.A.
• TotalEnergies S.A.
• BASF SE
• Kaneka Corp.
• Ravago
• Saudi Basic Industries Corp. (SABIC)
• LyondellBasell Industries Holdings B.V.
• Covestro AG
• Sibur
• Repsol
The research report addresses various market and industry-related topics, such as product launches, business expansion, collaborations, joint ventures, and acquisitions. Maximize Market Research, a globally recognized healthcare business consultancy firm, has employed its 18 years of domain expertise to provide market intelligence and a competitive landscape analysis of the Styrene market. The report incorporates primary and secondary data, offering insights from both local and global perspectives.
Table of content for the Styrene Market includes:
- Global Styrene Market: Research Methodology
- Global Styrene Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Styrene Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Styrene Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Styrene Market Segmentation
- Global Styrene Market, by Type (2022-2029)
- Global Styrene Market, by Application(2022-2029)
- Global Styrene Market, by End Use(2022-2029)
- Regional Styrene Market(2022-2029)
- Regional Styrene Market, by Type (2022-2029)
- Regional Styrene Market, by Application(2022-2029)
- Regional Styrene Market, by End Use(2022-2029)
- Regional Styrene Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted Market Research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Market -verified industry estimations, technical trend analysis, crucial Market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Maximize Market Research has published the following Reports:
Amphoteric Surfactants Market https://www.maximizemarketresearch.com/market-report/global-amphoteric-surfactants-market/12708/
Metal Fabrication Market https://www.maximizemarketresearch.com/market-report/metal-fabrication-market/13591/
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the styrene market include Chevron Phillips Chemical Company LLC, ENI S.p.A., INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC), Total S.A., Alpek SAB DE CV, Nova Chemicals Corporation, Chevron Phillips Chemical Company LLC, LyondellBasell Industries Holdings B.V., Covestro AG, and Hanwha Group.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Styrene Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/styrene-market/download-sampleMarket DynamicsThe key factors driving the styrene market are the growing demand for polystyrene in the food packaging and personal care industry.
Polystyrene is extensively used in the food packaging industry, starting from packaging to dispersal food items.
However, health issues and environmental concerns associated with styrene may restrict its market growth.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
