Quick Summary:
The robust and ever-evolving Styrenic Polymers market presents an ideal investment landscape for savvy business executives seeking to stay at the forefront of industry trends and capitalise on emerging opportunities. From the U.S to China, this fast-growing market showcases substantial potential, with projections indicating accelerated expansion leading up to 2030.
Our meticulously prepared market research report provides an in-depth analysis of this dynamic industry, offering significant insights into sectoral growth, regional variations, and competitive landscapes. Furthermore, it presents an illuminating spotlight on dominant market segments, with focus on the potential high-growth Polystyrene (PS) and Acrylonitrile Butadiene Styrene (ABS) sectors. Stay abreast with market evolution and make informed, strategic decisions with our comprehensive report. It's an investment that promises to deliver exponential value to your business endeavors in the Styrenic Polymers market.
Global Styrenic Polymers Market to Reach $5.9 Billion by 2030
The global market for Styrenic Polymers estimated at US$3.7 Billion in the year 2022, is projected to reach a revised size of US$5.9 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030. Polystyrene (PS), one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$3.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Acrylonitrile Butadiene Styrene (ABS) segment is readjusted to a revised 5.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 9% CAGR
The Styrenic Polymers market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.Select Competitors (Total 44 Featured) -
- Chevron Phillips Chemical Company LLC
- Chi Mei Corporation
- Kraton Corporation
- LG Chem Ltd.
- SABIC (Saudi Basic Industries Corporation)
- TRINSEO LLC
- TSRC Corporation
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 the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Styrenic Polymers?
What is the growth rate of the Global Market for Styrenic Polymers?
What is the forecasted size of the Global Market for Styrenic Polymers?
Who are the key companies in the Global Market for Styrenic Polymers?
Report Attribute | Details |
---|---|
No. of Pages | 193 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 3.7 Billion |
Forecasted Market Value ( USD | $ 5.9 Billion |
Compound Annual Growth Rate | 6.0% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Chevron Phillips Chemical Company LLC
- Chi Mei Corporation
- Kraton Corporation
- LG Chem Ltd.
- SABIC (Saudi Basic Industries Corporation)
- TRINSEO LLC
- TSRC Corporation