Global Specialty Polystyrene Resin Market, By Function (Protection, Insulation, Cushioning, Others),

Published Date: | Report Code : MT1958334

Polystyrene is an aromatic polymer that is synthetic. As an essential component of copolymers such as high-impact polystyrene (HIPS) and acrylonitrile butadiene styrene (ABS), it can be created and used. Polystyrene is a low-melting-point thermoplastic resin. It's transparent and low-cost brittle resins. Specialty polystyrene resin is significant polystyrene intended for insulation panels of extruded polystyrene (XPS), polystyrene-oriented sheet (OPS) and the appliance sector. Special raw materials and additives with state-of-the-art production techniques are used to improve the properties of polystyrene resin in the case of specialty polystyrene resins. Specialty polyester resins, therefore, have a broad variety of applications in sectors such as construction & construction, automotive, marine, furnishings, and electronics.

Implementation of stringent public legislation concentrating on building energy-efficient infrastructure and concentrating on reducing greenhouse gas emissions are key drivers of the worldwide polystyrene resin specialty market. Different applications with protective characteristics and thermal insulation technologies are expected to increase demand to drive the worldwide market for specialty polystyrene resin.

Increasing demand for protective characteristics is expected in various sectors such as electrical & electronics, healthcare and packaging to boost the demand for specialty polystyrene resin due to the superior mechanical and chemical strength of resins. In addition, the high strength-to-weight ratio due to the cross-connected structure of a low-density polystyrene structure is projected to increase the demand for low-weight specialty polystyrene resins, particularly in automotive and transmission applications.

Key Factors Impacting Market Growth:

  • High Automotive Application growth
  • Rising demand from construction and packaging industries
  • Easy recyclability of polystyrene products

Regional Analysis

The regional outlook section for the specialty polystyrene resin market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period. Asia Pacific region is estimated to register the highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. In addition, favorable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with the growth of the industrial sector in the region. The rest of the World consisting of South America and Africa are estimated to be emerging regions for the specialty polystyrene resin market during the forecast period.

Companies Covered: Sekisui Plastics Co., Ltd., NOVA Chemicals Corporation, Synthos, BASF SE, SUNPOR KUNSTSTOFF GmbH, Atlas EPS, VERSALIS, SABIC, LG Chem, Ltd., BEWiSynbra Group AB, Samsung Fine Chemicals Co., Ltd, Total S.A., and Trinseo.

Market Segmentation:

By Function:

  • Protection
  • Insulation
  • Cushioning
  • Others

By End use Industry:

  • Packaging
  • Building and Construction
  • Automotive and Transportation
  • Electronics
  • Healthcare
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Function
    • By End Use Industry
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Function
    • By End Use Industry
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Function
    • By End Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Function
    • By End Use Industry
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Function
    • By End Use Industry
  • Rest of the World
    • By Region (Latin America, Brazil, Rest of the World)
    • By Function
    • By End Use Industry

Reasons To Buy This Report:

  • Market size estimation of the specialty polystyrene resin market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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  • By Sub-segment
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