Styrene Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Styrene Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Styrene market, with forecasts outspreading to the year 2030.
Styrene Market Scope and Methodology:
The research includes both qualitative and quantitative methods using SWOT, PESTLE and Porter's Five Forces analysis tools. Its in-depth study of market growth drivers, restraints, and other important factors influencing the Market. Investors, stakeholders and market observers use this report as a valuable guide.
Market covering global, regional, national and local aspects. Through primary and secondary data sources, it provides forecasts of market size, growth rate and identifies current and future trends. Top players are highlighted by regions including their revenue, financial status, portfolio and technological advancements.
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Styrene Market Regional Insights
Geographically, the report is divided into several important countries. Food Market Size, Growth Rate, Import and Export of Market. In these Countries Covering North America, USA, Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India , Japan , Australia, South Korea, ASEAN countries, Rest of APAC, South America, Brazil and Middle East and Africa.
Styrene Market Segmentation
by Type
Acrylonitrile Butadiene Styrene (ABS)
Expanded Polystyrene (EPS)
Others
Based on Type, The Acrylonitrile Butadiene Styrene (ABS) segment is expected to grow at the highest CAGR of 7.2 % during the forecast period. Numerous vehicle parts, such as the bumper, seats, dashboard, interior trim, headliners, centre consoles, and lighting, are made using ABS. In a passenger car, ABS makes up about 12.7% of all the automotive polymers used.
by Application
Automotive
Construction
Packaging Consumer Goods
Others
Based on Application, The automotive sector has been growing quickly on a global scale. In 2023, the industry sold 110.0 million automobiles globally, a 7 % increase from the previous year. During the forecast period , demand is expected to increase owing to factors such global income inequality, growing urbanisation, rising interest in electric vehicles, and steady technological developments. Owing to rising use in the automotive industry, the automotive category had a revenue share of 22 % in 2023 and is expected to experience the quickest CAGR throughout the forecast period. Growing vehicle production, mostly in China, Indonesia, Mexico, the United States, Germany, South Korea, Japan, Malaysia, and Taiwan, is a key factor in the market's growth. In 2019, the acrylonitrile butadiene styrene (ABS) market's revenue share from the construction sector was 17 %. In comparison to all other plastics, ABS is a better option for construction, and it is frequently utilised in vacuum parts, fittings, and pipes. It is portable and simple to install. According to Timetric's Construction Intelligence Center, the worldwide construction industry is expected to increase at a 7 % annual rate over the forecast period.
by End Use
Plastics
Paints & Coatings
Packaging
Rubber
Automotive
Others
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Styrene Market Key Players
1. Chevron Phillips Chemical Company
2. Bayer Material science
3. Royal Dutch Shell plc.
4. Ashland Inc
5. Nova Chemicals Corporation
6. SABIC Co.
7. Ineos Group AG
8. Alpek S.A.B. de C.V.
9. Hanwha Group
10. Eni S.p.A.
11. TotalEnergies S.A.
12. BASF SE
13. Kaneka Corp.
14. Ravago
15. Saudi Basic Industries Corp. (SABIC)
16. LyondellBasell Industries Holdings B.V.
17. Covestro AG
18. Sibur
19. Repsol
20. LG Chem
Key questions answered in the Styrene Market are:
- What is Styrene ?
- What was the Styrene market size in 2023?
- What is the growth rate of the Styrene Market?
- Which are the factors expected to drive the Styrene market growth?
- What is the CAGR at which the Styrene market will grow during the forecast period?
- What are the different segments of the Styrene Market?
- Which is the fastest-growing region in the Styrene market?
- What growth strategies are the players considering to increase their presence in Styrene ?
- What are the upcoming opportunities and trends for the Styrene Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Styrene Market?
- Who are the leading companies and what are their portfolios in Styrene Market?
- What segments are covered in the Styrene Market?
- Who are the key players in the Styrene market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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