Global Styrenic Polymers Market, By Type (PS, ABS, SAN, SBC, SMMA, Others), By Application (Medical,

Published Date: | Report Code : MT1958304

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Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the styrenic polymers market during the forecast period. This market has witnessed number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of styrenic polymers market during the forecast period.

Styrenic polymers also known as styrenics belong to the plastic family, that have styrene as the main block. Polystyrene is the base of all styrene copolymers.

Styrenic polymers have many environmental advantages over its counterpart plastic families like polypropylene, and polyethylene.

Segment Analysis:

Based on the type, it is segmented as PS (Polystyrene), ABS (Acrylonitrile Butadiene Styrene), SAN (Styrene Acrylonitrile), SBC (Styrene Butadiene Block Copolymers), SMMA (Styrene Methyl Methacrylate), and others. The various types of styrenic polymers are used in different applications, owing to the characteristic such as scratch-resistance, high impact strength, and UV stability.

By the application, is divided into medical, building and construction, electrical and electronics, automotive industry, consumer goods, marine accessories, and packaging. Styrenic polymers are most widely used in automotive industry as they help to reduce the weight of modern cars, thereby lowering fuel consumption.

Key Factors Impacting Market Growth:

  • Its various properties such as unique bonding polarity, chemical inertness, and aesthetic and physical properties

  • Increased demand from the healthcare industry

  • The higher cost of the polymers can restrain the market

Regional Analysis:

By region, styrenic polymers market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes US, Canada, and Mexico. US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. Industrial sector is a major contributor US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, UK, France, Italy, and Spain. These countries also have a strong influence of the industrial sector resulting in sizeable demand for styrenic polymers market.

Asia Pacific is estimated to register highest CAGR by region during the forecast period. Presence of some of the high growth economies such as China and India is expected to propel the demand in this region. In addition, this region has witnessed strategic investments by major companies to increase their market presence. Middle East and Eastern Europe are estimated to be other key regions for styrenic polymers market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: Total SA, BASF SE, Lanxess AG, SABIC, Dow Chemical Company, Chi Mei Corporation, LG Chem. Limited, Chevron Philips Chemical Company and Styron LLC.

Market Segmentation:

By Type:

  • PS

  • ABS

  • SAN

  • SBC

  • SMMA

  • Others

By Application:

  • Medical

  • Building & Construction

  • Electrical & Electronics

  • Automotive Industry

  • Consumer Goods

  • Marine Accessories

  • Packaging

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global styrenic polymers market on a regional and global basis

  • The 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

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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