The key players of the Asia-Pacific Polystyrene Market include Styrolution (Germany), PS Japan (Japan), Chi Mei Corporation (Taiwan), Jiangsu Laidun Baofu Plastic Chemical Co. Ltd. (China), Formosa Chemicals & Fibre Corporation (Taiwan)
(PRWEB) March 24, 2015
The Asia-Pacific Polystyrene market is expected to reach a value of $11,255.4 million by 2018 at a CAGR of 5.6% during the forecast period of 2013 to 2018.
Browse through the TOC of Asia-Pacific Polystyrene market for an analysis of industry trends, segments & forecasts.
Polystyrene is a synthetic polymer derived from the polymerization of the monomer styrene. Polystyrene is widely used in various applications, and majorly for the manufacturing of disposable, single-use products. Polystyrene, owing to its superior physical and chemical properties, is used in a lot of manufacturing industries. The main industries that use polystyrene as a raw material are consumer goods, packaging, electronics parts, electronics & electrical appliances, construction, insulation, and food, among others. Polystyrene is demanded by industries in various compositions and varied properties. Polystyrene manufacturing companies, with extensive R&D, develop various new applications for polystyrene.
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Polystyrene manufacturers are adversely affected by the fluctuating global crude oil prices, as these fluctuations have direct impacts on their manufacturing costs. The Asia-Pacific market is projected to reach a value of $11,255.4 million by 2018, at a CAGR of 5.6% during the forecast period of 2013 to 2018. The Asia-Pacific region holds the largest share of the global market, owing to the huge demand from the packaging and electronics industries of the region. China holds the leading position in the Asia-Pacific market, both in terms of revenue as well as volume.
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The major players in the Asia-Pacific market include Total Petrochemicals (France), Formosa Chemicals & Fibre Corporation (Taiwan), Toyo Styrene Co. Ltd. (Japan), Jiangsu Laidun Baofu Plastifying Co. (China), Korea Kumho Petrochemical Co. Ltd. (South Korea), PS Japan (Japan), Styrolution (Germany), and Chi Mei Corp (Taiwan), among others.
North America Polystyrene (PS) Market
The North America Polystyrene Market is witnessing a high growth due to overall economic growth; polystyrene is used in a variety of applications. The report estimates the size the North America Polystyrene Market both, in terms of volume and value. The report provides a comprehensive overview of the key market drivers, challenges and issues. North America Polystyrene Market is projected to reach $6,202.24 million by 2019, at a CAGR of around 5.2% from 2014 to 2019. The key driver of the market is the growing end-user industries especially the packaging sector.
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