Global Styrenic Polymer Market : was valued at US$ 2.91 Bn. in 2020 and is expected to reach US$ 4.93 Bn. by 2027, at a CAGR of 7.81 % during a forecast period.
MMR, global market research and consulting organization, has released a new study titled "Styrenic Polymer market - Global outlook to 2027". Industries’ constant focus on reducing the operational cost and increased attention on core business, and the need to improve scalability are expected to shape the Global Styrenic Polymer market to grow at a CAGR of %.
According to an Analyst at MMR, the Global Styrenic Polymer market will experience significant growth during the forecast period due to potential opportunities lying in the market. The market drivers are:
COVID-19 Impact:
Our team is working on the COVID 19 impact on various industry verticals and provide authenticate data to the client this data helps us understand the market situation. To understand the influence and factors of the COVID 19 on the global Styrenic Polymer market with our expert monitoring which explains all the impacting factors and COVID impact on each key player are explained in the report.
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Market Segmentation:
Based on product, the Polystyrene segment is anticipated to contribute major revenue share to the global market and is expected to maintain its dominance over the forecast period. In terms of product, the market is segregated into polystyrene, expanded polystyrene, acrylonitrile butadiene styrene, styrene butadiene rubber, and unsaturated polyester rubber.
In terms of Application, Automotive industry holds the highest share in the market and expected to remain constant for the forecast period. Automotive was the largest end-use industry in 2020 due to the proliferation of automobile manufacturing units particularly in developing economies of Asia Pacific.
The market is divided into main 5 regions and they are North America (U.S., Canada), Europe (U.K., Germany, France, Italy), Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea), Latin America (Brazil, Mexico, Argentina, Chile), and MEA (Saudi Arabia, South Africa, Egypt) respectively. The MMR Company provides government regulation and pricing analysis of each and everyone that helps to understand the market situation and current competition in the market.
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Key Players:
• Total SA
• BASF SE
• Lanxess A
• SABIC
• Dow Chemical Company
• Chi Mei Corporation
• L0G Chem. Limited
• Chevron Philips Chemical Company
• Styron LLC.
• Versalis SpA
• NOVA Chemicals
• Synthos
• INEOS Styrolution Group GmbH
• PS Japan Corporation
• KRATON CORPORATION
• ELIX Polymers
• Alpek S.A.B. de CV
The report provides a detailed analysis and forecast of the industry covering the following key features:
- Industry outlook includes current and future market drivers, restraints, trends, challenges, emerging technologies, and recent developments.
- Key industry developments and key insights
- Significant marketing factors such as driver, restraints, opportunity, and challenges
- Number of significant companies and their revenue and net income
- Other market trends
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