Styrenic Market Report: Trends, Forecast and Competitive Analysis to 2030

Styrenic Trends and Forecast

The future of the global styrenic market looks promising with opportunities in the automotive, electrical and electronic, building and construction, packaging, and consumer product applications. The global styrenic market is expected to reach an estimated $89.4 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rising consumer sector demand for a variety of plastics and expanding usage of this substrate in the automotive sector.

A more than 150-page report is developed to help in your business decisions.

Styrenic by Segment

The study includes a forecast for the global styrenic by polymer type, application, and region.

Styrenic Market by Polymer Type [Shipment Analysis by Value from 2018 to 2030]:

• Polystyrene
• Styrene Butadiene Rubber
• Acrylonitrile Butadiene Styrene
• Unsaturated Polyester Resin
• Others

Styrenic Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Electrical and Electronics
• Building and Construction
• Packaging
• Consumer Products
• Others

Styrenic Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Styrenic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies styrenic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the styrenic companies profiled in this report include-

• Hanhwa
• Shell Global
• SIBUR
• Fermosa Chemical & Fibre
• LyondellBasell

Styrenic Market Insights

Lucintel forecasts that polystyrene is expected to witness the highest growth over the forecast period.

Within this market, automotive is expected to witness the highest growth.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Styrenic Market

Market Size Estimates: Styrenic market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Styrenic market size by polymer type, application, and region in terms of value ($B).

Regional Analysis: Styrenic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different polymer types, applications, and regions for the styrenic market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the styrenic market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the styrenic market size?

Answer: The global styrenic market is expected to reach an estimated $89.4 billion by 2030.

Q2. What is the growth forecast for styrenic market?

Answer: The global styrenic market is expected to grow with a CAGR of 5.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the styrenic market?

Answer: The major drivers for this market are rising consumer sector demand for a variety of plastics and expanding usage of this substrate in the automotive sector.

Q4. What are the major segments for styrenic market?

Answer: The future of the styrenic market looks promising with opportunities in the automotive, electrical and electronic, building and construction, packaging, and consumer product applications.

Q5. Who are the key styrenic market companies?

Answer: Some of the key styrenic companies are as follows.

• Hanhwa
• Shell Global
• SIBUR
• Fermosa Chemical & Fibre
• LyondellBasell

Q6. Which styrenic market segment will be the largest in future?

Answer: Lucintel forecasts that polystyrene is expected to witness the highest growth over the forecast period.

Q7. In styrenic market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the styrenic market by polymer type (polystyrene, styrene butadiene rubber, acrylonitrile butadiene styrene, unsaturated polyester resin, and others), application (automotive, electrical and electronics, building and construction, packaging, consumer products, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?