Styrenic Polymers Market Revenue, Growth Factors, Trends, Key Companies, Forecast to 2028
Increasing demand for lightweight automobiles, and stringent emission regulations worldwide are key factors of Industry Growth
The global Styrenic Polymers market was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are replacement of metallic parts with Styrenic Polymerss in various industries, high demand for lightweight automobiles, and stringent emission regulations worldwide. Besides, Styrenic Polymers is being extensively used in electronic appliances, automotive, construction, packaging, and consumer goods industries.
Styrene polymers are produced by polymerizing styrene compounds and monomers, such as butadiene and acrylonitrile. They have numerous properties, such as UV stability, scratch resistance, excellent weather ability, and high impact strength. They are majorly used in the manufacturing of a wide variety of sports & recreational equipment, household goods, durable lightweight packaging products, automobile parts, boats, kitchen appliances, automobile parts, and consumer electronics.
Styrene polymers are mainly preferred over conventional metals and polymers, owing to increasing environmental concerns. The healthcare sector across the globe is looking for polymer-based medical equipment, which, in, turn, is expected to boost the styrenic polymers market growth in the near future. This material is more attractive, cost-effective, and lightweight. They also provide better aesthetics, design versatility, and easy disposability. Rising demand for lightweight materials from the consumer goods industry is expected to contribute to the revenue growth of the styrenic polymers market.
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Scope: This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Key Companies in the market include:
- Total SA
- BASF SE
- Lanxess AG
- Dow Chemical Company
- Chi Mei Corporation
- LG Chem Limited
- Chevron Philips Chemical Company
- and Styron LLC.
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Product Type Outlook (Revenue, USD Million, 2018 – 2028)
- Polystyrene (PS)
- Expandable Polystyrene (EPS)
- Acrylonitrile Butadiene Styrene (ABS)
- Unsaturated Polyester Resins (UPR)
- Styrene-butadiene Rubber (SBR)
End-use Outlook (Revenue, USD Million, 2018 – 2028)
- Building & Construction
- Consumer Goods
- Wind Energy
- Marine Accessories
Middle East & Africa
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Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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Key questions covered in the global Styrenic Polymers market report:
What is the expected market size of the global Styrenic Polymers market during the forecast period?
What factors are expected to hamper global Styrenic Polymers market growth over the forecast period?
What key factors are expected to drive global revenue growth between Forecast Period?
Which application segment is expected to dominate other application segments over the forecast period?
Which region is expected to dominate in terms of revenue during the forecast period?
What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
Which leading players are operating in the global Styrenic Polymers market?
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