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PUBLISHER: IMARC | PRODUCT CODE: 1225518
PUBLISHER: IMARC | PRODUCT CODE: 1225518
Styrene Market by Product Type (Polystyrene, Acrylonitrile Butadiene Styrene, Styrene Acrylonitrile, Styrene-Butadiene Rubber, and Others), End User (Packaging, Construction, Consumer Goods, Automotive, and Others), and Region 2023-2028
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The global styrene market size reached US$ 6.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028. The increasing number of construction activities, favorable initiatives undertaken by numerous governing agencies, and the rising sales of ready-to-eat (RTE) food products represent some of the key factors driving the market.
Styrene, also known as vinylbenzene, ethenylbenzene, cinnamene, and phenylethylene, is a highly volatile, flammable, and colorless organic compound that easily evaporates. It is less dense than water and consequently insoluble in water. It is made by the alkylation of benzene with ethylene and employed as an intermediate in the synthesis of materials, which are utilized for ion exchange resins and producing other copolymers. It is used in manufacturing synthetic rubbers, latex, and polystyrene resins and derivatives, such as polystyrene (PS), acrylonitrile-butadiene styrene (ABS), styrene-acrylonitrile (SAN), styrene-butadiene elastomers, styrene-butadiene rubber (SBR), and unsaturated polyester resin (UPS). As styrene-based materials offer unique characteristics like toughness, high performance, and versatile design, the demand for styrene is rising worldwide.
Styrene Market Trends:
- There is an increase in the utilization of energy efficient insulation materials in the construction industry on account of the unique physical properties and the ability to conserve the energy of styrene. This, coupled with rapid urbanization and rising construction activities in residential and commercial areas, represent one of the major factors driving the demand for styrene around the world. Moreover, initiatives undertaken by governing agencies of numerous countries to promote the use of eco-friendly construction materials and reduce carbon footprints are favoring the market growth. In addition, styrene is employed in the manufacturing different components of a vehicle, such as tires, doors, window profiles, belts, and gaskets. This, along with the growing demand for lightweight and luxury vehicles and significant growth in the automotive industry, is influencing the market positively. Apart from this, styrene is used in the packaging of milk, fruits, meat, and other packaged food items to prevent damage, extend shelf life, reduce product weight, and preserve product color, taste, and texture, and offer resistance to moisture. Furthermore, increasing sales of ready-to-eat (RTE) food products on account of hectic lifestyles and the expanding purchasing power of individuals are creating a positive outlook for the market. Besides this, as styrene is utilized in producing PS, which is further employed in the production of air conditioners, refrigerators, vacuum cleaners, microwaves, and ovens, its demand is escalating across the globe.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each segment of the global styrene market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product type and end user.
Product Type Insights:
- Polystyrene
- Acrylonitrile Butadiene Styrene
- Styrene Acrylonitrile
- Styrene-Butadiene Rubber
- Others
- The report has also provided a detailed breakup and analysis of the styrene market based on the product type. This includes polystyrene, acrylonitrile butadiene styrene, styrene acrylonitrile, styrene-butadiene rubber, and others. According to the report, polystyrene represented the largest segment.
End User Insights:
- Packaging
- Construction
- Consumer Goods
- Automotive
- Others
- A detailed breakup and analysis of the styrene market based on the end user has also been provided in the report. This includes packaging, construction, consumer goods, automotive, and others. According to the report, packaging accounted for the largest market share.
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for styrene. Some of the factors driving the Asia Pacific styrene market included rapid urbanization, increasing construction activities, and the rising use of styrene in the packaging industry.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the global styrene market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Alpek S.A.B. de C.V. (Alfa S.A.B. de C.V.), Ashland Global, BASF SE, Chevron Phillips Chemical Company LLC, China Petrochemical Corporation, Covestro AG, Dow Inc., INEOS Group Limited, Koninklijke DSM N.V., Kumho Petrochemical Co. Ltd., Mitsubishi Chemical Holdings Corporation, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Synthos, TotalEnergies SE, and Trinseo. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global styrene market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global styrene market?
- What are the key regional markets?
- Which countries represent the most attractive styrene markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end user?
- What is the competitive structure of the global styrene market?
- Who are the key players/companies in the global styrene market?
Product Code: SR1423A359_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Styrene Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Polystyrene
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Acrylonitrile Butadiene Styrene
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Styrene Acrylonitrile
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Styrene-Butadiene Rubber
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by End User
- 7.1 Packaging
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Construction
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Consumer Goods
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Automotive
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Alpek S.A.B. de C.V. (Alfa S.A.B. de C.V.)
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.2 Ashland Global
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 BASF SE
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Chevron Phillips Chemical Company LLC
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 SWOT Analysis
- 13.3.5 China Petrochemical Corporation
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Covestro AG
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Dow Inc.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 INEOS Group Limited
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Koninklijke DSM N.V.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Kumho Petrochemical Co. Ltd.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Mitsubishi Chemical Holdings Corporation
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.13 Synthos
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.14 TotalEnergies SE
- 13.3.14.1 Company Overview
- 13.3.14.2 Product Portfolio
- 13.3.15 Trinseo
- 13.3.15.1 Company Overview
- 13.3.15.2 Product Portfolio
- 13.3.1 Alpek S.A.B. de C.V. (Alfa S.A.B. de C.V.)
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Product Code: SR1423A359_Report
List of Figures
- Figure 1: Global: Styrene Market: Major Drivers and Challenges
- Figure 2: Global: Styrene Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Styrene Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Styrene Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Styrene Market: Breakup by End User (in %), 2022
- Figure 6: Global: Styrene Market: Breakup by Region (in %), 2022
- Figure 7: Global: Styrene (Polystyrene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Styrene (Polystyrene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Styrene (Acrylonitrile Butadiene Styrene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Styrene (Acrylonitrile Butadiene Styrene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Styrene (Styrene Acrylonitrile) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Styrene (Styrene Acrylonitrile) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Styrene (Styrene-Butadiene Rubber) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Styrene (Styrene-Butadiene Rubber) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Styrene (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Styrene (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Styrene (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Styrene (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Styrene (Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Styrene (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Styrene (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Styrene (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Styrene (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Styrene (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Styrene (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Styrene (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: North America: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: North America: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: United States: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: United States: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Canada: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Canada: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Asia-Pacific: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Asia-Pacific: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: China: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: China: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Japan: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Japan: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: India: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: India: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: South Korea: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: South Korea: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Australia: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Australia: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Indonesia: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Indonesia: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Others: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Others: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Europe: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Europe: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Germany: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Germany: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: France: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: France: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: United Kingdom: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: United Kingdom: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Italy: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Italy: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Spain: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Spain: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Russia: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Russia: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Latin America: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Latin America: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Brazil: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Brazil: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Mexico: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Mexico: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Others: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Others: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Middle East and Africa: Styrene Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Middle East and Africa: Styrene Market: Breakup by Country (in %), 2022
- Figure 75: Middle East and Africa: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Global: Styrene Industry: Drivers, Restraints, and Opportunities
- Figure 77: Global: Styrene Industry: Value Chain Analysis
- Figure 78: Global: Styrene Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Styrene Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Styrene Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Styrene Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 4: Global: Styrene Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Styrene Market: Competitive Structure
- Table 6: Global: Styrene Market: Key Players
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