Global Styrenics Industry

Global Styrenics Industry

  • July 2020 •
  • 185 pages •
  • Report ID: 5900372 •
  • Format: PDF
Global Styrenics Market to Reach 56.1 Thousand Kilo Tons by the Year 2027
Amid the COVID-19 crisis, the global market for Styrenics estimated at 44.7 Thousand Kilo Tons in the year 2020, is projected to reach a revised size of 56.1 Thousand Kilo Tons by 2027, growing at a CAGR of 3.3% over the analysis period 2020-2027.Polystyrene (Expanded, GPPS), one of the segments analyzed in the report, is projected to grow at a 4.1% CAGR to reach 27.1 Thousand Kilo Tons by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Acrylonitrile Butadiene Styrene segment is readjusted to a revised 2.8% CAGR for the next 7-year period. This segment currently accounts for a 30.7% share of the global Styrenics market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 6.2% CAGR for the Period of 2020-2027
The Styrenics market in the U.S. is estimated at 12.1 Thousand Kilo Tons in the year 2020. The country currently accounts for a 26.99% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 11.8 Thousand Kilo Tons in the year 2027 trailing a CAGR of 6.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR while Rest of European market (as defined in the study) will reach 11.8 Thousand Kilo Tons by the year 2027.

SBR Segment Corners a 17.8% Share in 2020
In the global SBR segment, USA, Canada, Japan, China and Europe will drive the 2% CAGR estimated for this segment. These regional markets accounting for a combined market size of 6 Thousand Kilo Tons in the year 2020 will reach a projected size of 6.9 Thousand Kilo Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 7.8 Thousand Kilo Tons by the year 2027, while Latin America will expand at a 3.2% CAGR through the analysis period. We bring years of research experience to this 9th edition of our report. The 185-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

-Competitors identified in this market include, among others,
  • Alpek S.A.B. de C.V.
  • Asahi Kasei Corporation
  • Ashland, Inc.
  • BASF SE
  • DowDupont Inc.
  • Eni SpA
  • INEOS Group AG
  • INEOS Styrolution Group GmbH
  • Lanxess AG
  • Nizhnekamskneftekhim
  • NOVA Chemicals Corporation
  • Polynt SpA
  • Reichhold LLC
  • Repsol SA
  • Royal DSM NV
  • SABIC (Saudi Basic Industries Corporation)
  • SIBUR Holding OJSC
  • Synthos SA
  • Total SA