Key Players of the North America Polystyrene Market include Styrolution Petrochemicals (Germany), TOTAL Petrochemicals (France), Farmosa Plastic Corporation(Taiwan), BASF SE (Germany), and Trinseo (U.S.).
(PRWEB) April 30, 2015
The North American Polystyrene market is expected to reach a value of $5,730.0 million by 2018, at a CAGR of 5.2 % between 2013 and 2018.
Browse through the TOC of North America polystyrene market for an analysis of industry trends and segments, with the help of various tables and figures.
Polystyrene is a hard, brittle, and transparent synthetic resin produced by the polymerization of styrene. It is used in a wide range of applications such as building and construction, electrical and electronic appliances, consumer goods, and packaging. Polystyrene is a relatively inexpensive and lightweight material. In the recent years, the polystyrene market has witnessed rapid growth. The only major limitation faced by the market is the stringent rules and regulations that can be handled by the development of recycled polystyrene on a larger scale.
The North American market is projected to reach a value of $5,730 million by 2018, at a CAGR of 5.2% between 2013 and 2018, as the North American region is technologically advanced and cheap raw material is available. The factors that are enhancing the growth of this market are industrialization, growth in the plastic and rubber industry, and lack of alternative sources. The growth of the polystyrene industry can be attributed to the packaging industry, where the usage of polystyrene is high. The share of packaging in the polystyrene industry was approximately 38.0% in 2013.
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The players willing to enter into the polystyrene market can expect a bright future owing to increasing demand and utilization of polystyrene in different industries. In North America, the U.S. is the most preferable market for polystyrene, with the maximum share.
The report depicts the demand of polystyrene, in terms of value and volume, in the North American market. It also projects the trends in the NA polystyrene market between 2013 and 2018. The analysis also describes some of the major recent developments in the North American polystyrene market and the key strategies of some the major players in market.
Asia-Pacific Polystyrene Market
Polystyrene is one of the basic polymeric raw materials widely used in packaging, electronics, appliances, plastics, and rubber industries. General Purpose Polystyrene (GPPS) is clear, hard, and rather brittle. It is an inexpensive resin per unit weight. The Asia-Pacific region holds the largest share of the global market, owing to the high polystyrene demand from application segments in the region, cheap labor and production costs, and ease of business.
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