MicroMarket Monitor
Major players in the market are Total Petrochemicals France SA, Styrolution Group GMBH, Formosa Chemicals & Fibre Corp, and Jiangsu Laidun Baofu Plastic Chemistry Co. Ltd.
(PRWEB) May 29, 2014
The global market for polystyrene is experiencing strong growth mainly due to the rising demand for its end-use applications. The building & construction and packaging industries are expected to drive the growth of this market over the next few years. The growth in the polystyrene market is stimulated by many expanding applications such as automotive, consumer goods, electrical & electronics, medical devices, wind energy, and so on. The properties of polystyrene, such as its weight, strength, rigidity, and transparency, favor its usage in the packaging industry.
Browse through the market data tables, figures and detailed ToC on the “Polystyrene Market”.
http://www.micromarketmonitor.com/market-report/polystyrene-ps-reports-4674750612.html
Related Reports
Asia Pacific Polystyrene Market
The Asia-Pacific polystyrene market is expected to reach $11,255 million by 2018, growing at a CAGR of 5.6% from 2013 to 2018. APAC is the largest polystyrene market in the world. The Asia-Pacific market is one of the most promising markets for polystyrene, both in terms of production as well as consumption. Polystyrene prices are lowest in Asia-Pacific, compared to all other polymer price trends. This is due to the sufficient availability of raw material, such as benzene, which forms a large part of the polystyrene cost structure. The upcoming domestic demand enables this market to be the most attractive one for industry participants.
http://www.micromarketmonitor.com/market/asia-pacific-polystyrene-ps-4766806208.html
North America Polystyrene Market
The North American polystyrene market is expected to reach $5,730 million by 2018, growing at a CAGR of 5.2% from 2013 to 2018. North America is the second-largest market of polystyrene after Asia-Pacific. In 2013, North America accounted for 20% of the global polystyrene consumption. This market is driven by end-users in North America, which includes the building and construction, automotive, infrastructure spending, and energy industries. The packaging industry is a major consumer of polystyrene in North America contributing to 38% of the North American polystyrene market.
http://www.micromarketmonitor.com/market/north-america-polystyrene-ps-7179515093.html
Europe Polystyrene Market
The European polystyrene market is expected to reach $5,297 million by 2018, growing at a CAGR of 4.2% from 2013 to 2018. Europe is the third-largest consumer of polystyrene after Asia-Pacific and North America. Europe contributes to 18% of the global polystyrene market. The major countries in Europe that consume polystyrene are Germany, Italy, and France.
http://www.micromarketmonitor.com/market/europe-polystyrene-ps-6119335392.html
South America Polystyrene Market
The South American, Middle East, and African polystyrene market is expected to reach $4,593 million by 2018, growing at a CAGR of 4.9% from 2013 to 2018. The Middle East and African market is one of the major emerging markets for polystyrene, both in terms of production as well as consumption. As the economies of the countries in the region are growing, and the transport and distribution infrastructure improving, inward investment gets encouraged. This leads multinational brand owners to recognise the potential for packaging to supply the region's expanding needs.
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