Reports and Data has recently added a new report titled “Global Polystyrene Market Research Report 2021” to its ever expanding repository which offers a comprehensive overview of the Polystyrene market including current and emerging trends, consumer behavior patterns, competitor strategies, brand promotions and product launches, among others. The report covers the initial and future impact assessment of the COVID-19 pandemic on the overall market and offers key insights into the remuneration condition in a post-COVID-19 scenario. The report also offers key insights into production and consumption ratio, import/export, supply and demand patters, market share, market size, and revenue growth. The study also offers a comprehensive outlook for the driving and restraining factors along with micro and macro-economic factors expected to affect the growth of the industry.
The global polystyrene market is expected to reach USD 35.21 Billion by 2027, according to a new report by Reports and Data. Polystyrene is produced by the polymerization of styrene, a building block material having widespread usage in producing various kinds of plastic products.
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Over the recent past, chemical and materials industry has observed rapid digital transformation, innovations and advancements in chemical processing, globalization, sustainability, and development of robust supply chain. Increasing incidence of uncertainties in chemical production and development have further increased focus on risk management solutions. Chemical and materials industry supplies raw materials to a number of end-use industries such as petrochemicals, solvents, manufacturing and construction, and healthcare, among others. Increasing integration of advanced technology in the manufacturing and production processes along with a growing focus on producing environmentally sustainable chemicals and materials is further expected to revolutionize the Polystyrene market over the forecast period.
The report further offers key insights into strategic alliances and ventures undertaken by key companies in the market to cater to the growing global demand, capitalize on lucrative opportunities, and gain a robust footing in the market. It focuses on mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and deals.
Key players operating in the market:
BASF SE, Versalis SPA, SABIC, Synthos SA, Kaneka Corporation, The Ravago Group, LG Chem, Formosa Chemicals & Fibers Corp., Ineos Styrolution Group GmbH, and Trinseol, among others.
The report further offers a regional segmentation of the Polystyrene market with regards to production and consumption rate, revenue share, market share, trends, consumer preference, regulatory framework, economic factors, investment and funding opportunities, R&D activities, technological advancements, product launches, import/export, supply and demand ratio, and presence of key players in each region. The report divides the Polystyrene market into 5 key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global Polystyrene market report also offers a country-wise analysis to impart a clear picture of the growth of the Polystyrene market in each region.
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Polystyrene Market segmentation by Product Type:
General Purpose Polystyrene (GPPS)
High Impact Polystyrene (HIPS)
Expanded Polystyrene (EPS)
Polystyrene Market segmentation by Application:
Sheets
Foams
Key Highlights in the Report:
A detailed analysis of the Polystyrene market through the assessment of different market aspects such as product type, application, end-use verticals, and others.
Qualitative and quantitative analysis along with the market estimation for the forecast period 2021-2027
Detailed analysis of market dynamics such as drivers, restraints, opportunities, and threats
Insights into recent development, business expansion plans, and strategic alliances of the top companies in the market
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