Growing Consumer Electronics Market
Europe has one of the largest polystyrene-recycling capacities in the world (27% of the total polystyrene waste generated in Europe). In 1992, the EPS (expanded polystyrene) organization from Europe (EUMEPS), along with the Asian and North American organizations, formed the international EPS alliance, with the goal to enhance polystyrene recycling around the world. This has led to increasing awareness about polystyrene recycling. The major countries where polystyrene is recycled are the Netherlands, Germany, Belgium, Italy, and France. As much as 60% of the polystyrene was recycled in the Netherlands in 2013. In Belgium, as much as 6.86 kilo metric ton of polystyrene waste was generated from the packaging industry, out of which 3.3 kilo metric ton was recycled in 2013. Recycling polystyrene reduces the amount of polystyrene litter, which is harmful to wildlife. It also leads to less landfill space requirement and saves the cost of disposal.
High-impact polystyrene contains rubber. It is less transparent than GPPS and not clear. It is mainly used for products that require high-impact resistance. Packaging is the largest segment for HIPS. It is used for food packaging (meat trays, egg cartons, fruit trays, and dairy packaging), industrial packaging, and consumer packaging (cassettes, CD covers, etc.). HIPS is also used majorly in electronics & appliance applications, such as in computer housings, TV housings, and freezer and refrigerator liner appliance housings.
Germany Dominates the Market
Germany has the highest share in the European market, accounting for nearly 23% of the market in 2017. The market for Germany is driven majorly by the recovering construction industry. Non-residential and commercial buildings in the country are also expected to see significant growth prospects in the coming years. This growth is also supported by lower interest rates, increase in real disposable incomes, and numerous investments by the European Union and the German government. This is expected to lead to an increase in the demand for polystyrene in the country.
Key Developments in the Market
- December 2017 - Trinseo announced price increases for polystyrene, polycarbonate, and copolymers in Europe.
Reasons to Purchase the Report
- Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
- Various market perspectives, with the help of Porter’s five forces analysis
- The regions or countries that are expected to witness the fastest growth during the forecast period
- The product segment that is going to dominate the market over the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
- 3 months analyst support, along with the Market Estimation sheet (in Excel).
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Recycling in the Polystyrene Industry
4.1.2 Burgeoning Consumer Electronics Market
4.2.1 Rising Ban on Polystyrene
4.2.2 Availability of High-performance Substitutes
4.3.1 Recovering Construction Industry
4.3.2 Ongoing Research to Develop Bio-based Polystyrene
5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By Resin Type
5.1.1 General-purpose Polystyrene (GPPS)
5.1.2 High-impact Polystyrene (HIPS)
5.1.3 Expandable Polystyrene (EPS)
5.2 By Form Type
5.2.2 Film & Sheet
5.2.3 Injection Moulding
5.3 By End-user Industry
5.3.2 Building & Construction
5.3.3 Electrical & Electronics
5.3.4 Consumer Goods
6. Regional Market Analysis (Market Size, Share, and Forecast)
6.2 United Kingdom
6.6 Nordic Countries
6.7 Rest of Europe
7. Future of the Market
8. Competitive Landscape
8.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 BASF Performance Pproducts
9.2 Ineos Styrolution Group GmbH
9.3 Kumho Petrochemical Co. Ltd
9.4 LG Chem. Ltd
9.6 Synthos SA
9.10 Versalis SpA
*List not exhaustive
**Subject to availability on public domain
- BASF SE
- Bewi StyroChem
- Jackon GmbH
- Nova Chemicals Corporation
- Penoplex SPB
- Sundolitt Ltd
- Sunpor Kunststoff GmbH
- Synbra Holding B.V.
- Synthos S.A.
- Total SAA.
- Unipol Holland B.V.