Specialty Polystyrene Resin Market: Moving Towards Brighter Future

Posted by Andre on November 1st, 2019

This Specialty Polystyrene Resin Market report has been prepared with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters and well-informed researchers. This market research report is very crucial in several ways for business growth and to thrive in the market. Competitive analysis is the major feature of any market research report, and hence Specialty Polystyrene Resin Market report covers many points including strategic profiling of key players in the market, analyse core competencies of key players, and draw a competitive landscape for the Chemical and Materials industry. This market report gives an edge to compete and to outdo the competition.

Global Specialty Polystyrene Resin Market is expected to rise from its initial estimated value of USD 115 million in 2018 growing with a CAGR of 2.25% in the forecast period of 2019-2026, resulting in a projected value of USD 137.40 million by 2026. This projected growth of the market value can be attributed to the environmental friendly and recyclable capabilities of the products.

Some of the leading key players profiled in this study:

Few of the major competitors currently working in the specialty polystyrene resin market are Total, Innova, RING Companies, Trinseo, Knauf Insulation, LG Chem, Polysource, Jackon GmbH, Eastman Chemical Company, Atlas Roofing Corporation, Pacur LLC, Taita Chemical Co. Ltd., Versalis, The EPS-Designer, Styropek, SEKISUI PLASTICS CO.LTD., BASF SE, Nova Chemicals Corporation, Synthos, StyroChem, SABIC and Styrolution.

Key Developments in the Market:

•          In June 2018, BASFF SE announced the expansion of “Neopor”, their expandable polystyrene containing graphite. This expansion is a result of increased demand for the product from various regions of the world. The expansion is expected to increase by 40,000 metric tons annually at the two production sites in Ludwigshafen, Germany and Ulsan, Korea.
•          In September 2016, Synthos announced that they had completed the acquisition of INEOS Styrenics GmbH from INEOS Enterprises. This acquisition will help establish Synthos as a market leader for expandable polystyrene in the European region.

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Market Drivers:

•          Growth in the various end-user industries resulting in increased demand for the product due to its major applications

Market Restraints:

•          Vulnerable and fluctuation raw material prices affected along with the availability of effective substitutes is expected to restrain the market growth

Segmentation: Global Specialty Polystyrene Resin Market

Global Specialty Polystyrene Resin Market By Function (Insulation, Protection, Cushioning & Others)

Application (Healthcare, Building & Construction, Automotive & Transportation, Protective Packaging, Electrical & Electronics, Others)

 Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Reasons to Purchase this Report

•                     Current and future of Global Specialty Polystyrene Resin Market outlook in the developed and emerging markets
•                     The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
•                     Regions/Countries that are expected to witness the fastest growth rates during the forecast period
•                     The latest developments, market shares, and strategies that are employed by the major market players

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