Styrenic Polymer Market 2019 by Manufacturers, Type And Application, Regions, Forecast To 2023
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Styrenic Polymer Market 2019
Styrenic Polymer Market Global Industry Perspective, Comprehensive Analysis And Forecast 2018 -2023 Styrenic Polymers Market Synopsis Styrenic Polymers Products have become an inseparable part of modern lives adding value, convenience, and quality to the daily life. Becoming an integral component in a diversified range of products from an aeroplane toy to a reallife aeroplane, from myriad consumer electronics to transportation, construction, and medical applications, Styrenic Polymers enjoy an absolute monopoly. Increasingly finding a new application area with the growing proliferation of technology, these polymers have garnered quite a prominence around the world.
And with each application expanse, the market for Styrenic Polymers is increasing on the global level, enjoying an extensive traction all around. After the recent involvement of high-quality virgin, Styrenic Polymers in chemical recycling technology developed by Agilyx (US) to recycle PS (polystyrene) waste, these polymers have become a more valuable material that is re-usable plus helping the environment reducing plastic waste. The pervasively increasing importance certainly provides the impetus to the market growth, furthering demand.
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Styrenic Polymer Market 2019
Competitive Analysis BASF SE (Germany), SABIC (Saudi Arabia), Lanxess AG (Germany), The Dow Chemical Company (U.S.), Total S.A. (France), NOVA Chemicals Corporation (Canada), INEOS Group AG (Switzerland), Ashland (U.S.), Bayer CropScience limited (Germany), JEC Group (France), DSM (Netherlands), Alpek S.A.B. de C.V. (Mexico), Asahi Kasei Chemicals Corp. (Japan), and INEOS Styrolution Group GmbH (Germany).
Market Segmentation The global styrenic polymer market is segmented into product and end-use industries. On the basis of product, the market is segregated into polystyrene, expanded polystyrene, acrylonitrile butadiene styrene, styrene butadiene rubber, and unsaturated polyester rubber. The market by end-user is further segmented into automotive, building & construction, consumer goods, electrical & electronics, marine accessories, packaging, and others.
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Styrenic Polymer Market 2019
Regional Analysis The styrenic polymer market is segmented across five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, Asia Pacific is the largest market and is expected to grow at a higher CAGR, due to the growing industrialization and urbanization, especially in China and India. Moreover, the increasing production and sales of automotive in the region have propelled the market growth. The Japanese and Chinese electrical & electronics industries consume a majority of styrenic polymer, further driving the market growth. The increasing demand for the product from emerging food and cosmetic packaging industries is likely to surge the market demand. North America and Europe are expected to showcase considerable growth due to the technological advancements in automotive manufacturing. The lavish lifestyle coupled with high disposable income is the major factor, driving the market growth in this region. The U.S. is the largest automotive market and can be attributed to the growing demand for efficient and lightweight vehicles. Furthermore, the pharmaceutical base located in the U.S. is likely to consume a significant amount of styrenic polymer. Developed personal home care industries in the European region is anticipated to drive the European market positively. The major countries attributing to this growth are Germany, Italy, and the U.K among others.
Rising infrastructural activities in the Middle East & Africa are anticipated to propel the market growth, in terms of volume, during the review period.
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Styrenic Polymer Market 2019
Geographical Analysis The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Intended Audience Styrenic Polymer market manufacturers Traders and Distributors of Styrenic Polymer market Production process industries Potential investors Raw material suppliers Nationalized laboratory
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