Polystyrene: Global Strategic Business Report

Global Polystyrene Market to Reach $40.2 Billion by 2030

The global market for Polystyrene estimated at US$30.3 Billion in the year 2022, is projected to reach a revised size of US$40.2 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030. Expanded Polystyrene (EPS), one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$16.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the High Impact Polystyrene (HIPS) segment is readjusted to a revised 3.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 6.2% CAGR

The Polystyrene market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.3 Billion by the year 2030.

Select Competitors (Total 49 Featured) -

• ACH Foam Technologies LLC
• Alpek S.A.B. de C.V.
• BASF SE
• Chi Mei Corporation
• Formosa Chemicals & Fibre Corporation
• INEOS Styrolution Group GmbH
• Innova
• Kumho Petrochemical Co., Ltd. (KKPC)
• SABIC (Saudi Basic Industries Corporation)
• Trinseo LLC

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year