Styrenic Polymers Market Overview:
Production of styrene-based derivatives is the growing trend in the market due to increasing applications in building and construction, packaging, appliances, and automotive industry. Due to which the global Styrenic Polymers market has seen a positive growth over the past few years and is expected to grow further continuing with the same trends during the forecast period.
Also, recently, Agilyx (US) has developed a chemical recycling technology in which virgin, high-quality Styrenic Polymers will be used to recycle polystyrene (PS) waste, which will thereby reduce plastic waste and allow re-use of this valuable material. The importance of Styrenic Polymers in the process is surely going to provide impetus to its demand further expanding its market growth in the future.
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Top Key Players:
- Alpek Sab De CV
- Asahi Kasei Corporation
- Ashland
- BASF
- Bayer Material Science
- ENI S.P.A
- Ineos Group Ag
- Lanxess Ag
- Nova Chemicals Corporation
Styrenic Polymers Market Competitive Analysis:
The global Market of Styrenic Polymers appears to be highly competitive and fragmented. Many large and small key players operating in the market are churning the competition to gain competitive advantage. To sustain their market position these players incorporate acquisition, collaboration, partnership, expansion, and technology launch. The Market demonstrates high growth potential which is likely to attract several new entrants in the market.
Further resulting in intensified completion. Top players are investing heavily in R&D. Manufacturers operating in the Styrenic Polymers Market strive to deliver the best quality, reliable and consistent pure high-quality Styrenic Polymers products based on innovative technologies, and best practices.
They develop a proprietary portfolio of discrete high quality products available from small bottles to drum quantities. They also strive to build the ability to tailor products with the requested specifications such as customized/bulk packaging and special requirements and the help the clients to accelerate time to market. They are committed to excellence through customer service, technical consultation and on-site coordination ensuring a quick turnaround.
Styrenic Polymers Market Segments:
Global Styrenic Polymers Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Types : Comprises – Styrenic Polymers, 2-methylpentane, 3-methylpentane, 2, 2-dimethylbutane, and 2, 3-dimethylbutane.
Segmentation By Application : Comprises – Food & Beverages, Pharmaceuticals, House Hold And Leather Products and other.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Regional Analysis:
Styrenic Polymer Market is segmented across five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, Asia Pacific is the largest market and is expected to grow at a higher CAGR, due to the growing industrialization and urbanization, especially in China and India. Moreover, the increasing production and sales of automotive in the region have propelled the market growth. The Japanese and Chinese electrical & electronics industries consume a majority of styrenic polymer, further driving the market growth. The increasing demand for the product from emerging food and cosmetic packaging industries is likely to surge the market demand.
North America and Europe are expected to showcase considerable growth due to the technological advancements in automotive manufacturing. The lavish lifestyle coupled with high disposable income is the major factor, driving the market growth in this region
LIST OF FIGURES
FIGURE 1 Global Styrenic Polymer Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Styrenic Polymer Market
FIGURE 4 Value Chain Of Global Styrenic Polymer Market
FIGURE 5 Share Of Global Styrenic Polymer Market In 2016, By Country (In %)
FIGURE 6 Global Styrenic Polymer Market, 2017-2023,
FIGURE 7 Sub Segments Of Product
FIGURE 8 Global Styrenic Polymer Market Size By Product, 2016
FIGURE 9 Share Of Global Styrenic Polymer Market By Product, 2016 To 2023
FIGURE 10 Sub Segments Of End-Use Industries
FIGURE 11 Global Styrenic Polymer Market Size By End-Use Industries, 2016
FIGURE 12 Share Of Global Styrenic Polymer Market By End-Use Industries, 2016 To 2023
Continued. . .
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