Stratview Research has published a report on the Specialty Polystyrene Resin Market based on information acquired from reliable sources, qualitative and quantitative research by experts, and insights from industry veterans and key players across the value chain. The report provides a thorough analysis of present and upcoming market trends, market dynamics, factors affecting the industry, and growth strategies. This report also provides an in-depth analysis of the impact of the COVID-19 pandemic on the market.
Market Insights
The specialty polystyrene resin market was estimated at USD 116.68 million in 2022 and is likely to grow at a CAGR of 2.76% during 2023-2028 to reach USD 137.77 million in 2028.
Increasing usage of eco-friendly polystyrene by end-use industries to meet the government’s criteria to reduce greenhouse gas emissions is the major factor that is contributing to the demand for specialty polystyrene resin, globally, during the forecast period.
What are specialty polystyrenes?
Specialty polystyrenes are the types of polystyrenes that are fabricated for high-performance applications. These are designed with special raw materials and additives with advanced production techniques with enhanced properties. Specialty polystyrenes are composed of less dense individual cells and their cross-linked nature provides a better strength-to-weight ratio than polystyrene. Polystyrene is a solid or foamed synthetic hydrocarbon polymer made up of monomer styrene.
Specialty polystyrenes are used in various end-use industries, such as building & construction, automotive & transportation, protective packaging, electrical & electronics, healthcare, and others.
What you can find in this report –
The report has been compiled by using a variety of analytical methodologies and has analysed data on the key players, market scope, and much more. The researchers at Stratview Research have studied the growth of the top competitors in the Specialty Polystyrene Resin Market.
Key Features: The report covers the revenue, production rate, import/export, supply/demand, market share, CAGR, etc. Furthermore, the research provides in-depth information on current trends, growth drivers, and competition.
Regional Analysis: The present report throws light on the regional analysis of the Specialty Polystyrene Resin Market. The data given can be used to get an idea of trends, patterns, threats or challenges, and many such phenomena. On the basis of region, the report mentions that,
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for specialty polystyrene resins during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as healthcare, protective packaging, automotive & transportation, and others, which is generating huge demand for specialty polystyrene resins and the presence of a large number of specialty polystyrene resin manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Linchpins in the Specialty Polystyrene Resin Market
After a thorough investigation of the market and its players, market experts have listed some key players in the report. Here is the list –
- BASF SE Corporation
- Sekisui Plastics Co., Ltd.
- Synthos S.A.
- LG Chem Ltd.
- Styropek S.A
- Eastman chemical Company
- Nova Chemicals Corporation
- VERSALIS
- Taita Chemical Co., Ltd.
- SABIC.
Competitive Analysis:
Understanding the strategies of rivalry is critical and Stratview Research does this for its users. This report includes an analysis of the key competitors, the products/services, the differentiators, and market shares, etc.
Critical Questions Answered in the Report
- What are the key trends in the Specialty Polystyrene Resin Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the market?
- What are the key strategies adopted by the major vendors to lead in the Specialty Polystyrene Resin Market?
- What is the market share of the top vendors?
Customization of the Report:
This report can be customized to meet the user’s requirements. Stratview research offers custom research services across the sectors.
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