Styrene Market Outlook by 2030
Posted by aartimule on December 28th, 2021
Global Styrene Market: Overview
Styrene is an organic compound derived from benzene. A number of disposable items can be derived from this compound given its stability, water resistance and thermal efficiency. Hence utilitarian industries demand huge quantities of styrene. Given, the fast paced world that is today, disposables make life simpler. With the reduced hassles of cleaning and maintenance of day to day items comes the freedom to dedicate more time to higher pursuits. This is set to drive the global styrene market on an upward growth trajectory from 2020 to 2030, notes TMR.
Global Styrene Market: Competitive Landscape
The global styrene market is dominated by few players, which makes the market scenario concentrated. With global demand for polystyrene set to rise, manufactures are striving to expand production by acquiring new facilities and merging them with existing infrastructure.
Key manufacturers of this product include:
Global Styrene Market: Key Trends and Drivers
Global Styrene Market: Regional Analysis
The Asia Pacific region is currently the global leader in this market given the robust and growing food packaging industry here and the growth of a disposable culture. North America and Europe are the next two biggest markets for styrene.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers\' or customers\' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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Joined: April 16th, 2020
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