Polystyrene (PS) market report provides a comprehensive review of important drivers, restraints, opportunities, and key issues in the market.
The global market for polystyrene is experiencing strong growth mainly due to the rising demand for its end-use applications. The building & construction and packaging industries are expected to drive the growth of this market over the next few years. The growth in the polystyrene market is stimulated by many expanding applications such as automotive, consumer goods, electrical & electronics, medical devices, wind energy, and so on. The properties of polystyrene, such as its weight, strength, rigidity, and transparency, favor its usage in the packaging industry.
Browse through the market data tables, figures and detailed ToC on the “Polystyrene Market”.
Asia Pacific Polystyrene Market:
APAC is the largest polystyrene market in the world. The Asia-Pacific market is one of the most promising markets for polystyrene, both in terms of production as well as consumption. Polystyrene prices are lowest in Asia-Pacific, compared to all other polymer price trends. This is due to the sufficient availability of raw material, such as benzene, which forms a large part of the polystyrene cost structure. The upcoming domestic demand enables this market to be the most attractive one for industry participants.
North America Polystyrene Market:
North America is the second-largest market of polystyrene after Asia-Pacific. In 2013, North America accounted for 20% of the global polystyrene consumption. This market is driven by end-users in North America, which includes the building and construction, automotive, infrastructure spending, and energy industries. The packaging industry is a major consumer of polystyrene in North America contributing to 38% of the North American polystyrene market.
Europe Polystyrene Market:
Europe is the third-largest consumer of polystyrene after Asia-Pacific and North America. Europe contributes to 18% of the global polystyrene market. The major countries in Europe that consume polystyrene are Germany, Italy, and France.
South America Polystyrene Market:
The Middle East and African market is one of the major emerging markets for polystyrene, both in terms of production as well as consumption. As the economies of the countries in the region are growing, and the transport and distribution infrastructure improving, inward investment gets encouraged. This leads multinational brand owners to recognise the potential for packaging to supply the region's expanding needs.
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