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Global Polystyrene Market, By Resin Type, By Product Type, By End-Use Industry, By Region, Trend Analysis, Competitive Market Share & Forecast, 2018-2028

  • ID: 5585154
  • Report
  • March 2022
  • Region: Global
  • 195 Pages
  • Blueweave Consulting & Research Pvt Ltd

Global Polystyrene Market to Boost in Coming Years-Projected to Reach Worth USD 44.8 Billion in 2028


The growth of the polystyrene market can be primarily attributed to the increasing rates of industrialization and globalization throughout the world. Moreover, the rising demand for eco-friendly, durable, light weight and sustainable goods and components, due to their acoustic and thermal insulation, in the construction, automotive, and packaging sectors are also responsible for driving the market growth.

This recent study revealed that the Global Polystyrene Market was worth USD 31.6 billion in 2021 and is projected to reach USD 44.8 billion by the year 2028, growing at a CAGR of 5.2% over the analysis period of 2022-2028. This can be attributed to the wide range of lucrative benefits offered by polystyrene like high heat &impact resistance, excellent optical clarity, good electrical insulation, flame retardation and strong chemical resistance which makes it a preferred choice among various end-use industries like automotive, construction, packaging and electronics industries among others which is driving the growth of the global polystyrene market during the forecast period 2022-2028.

Burgeoning Demand by Building and Construction Sector Driving the Global Polystyrene Market Growth


The polystyrene is employed in many facets of building work such as large structures like roads, public buildings, railway lines, or even small family residences. The characteristics polystyrene that make it perfect for use include insulation, light weight filler, an element for imaginative touches, or a lightweight filling substance in roads that facilitates land drainage, among others. Moreover, polystyrene offers a perfect combination of physical and mechanical features that make it appropriate for use in the construction industry. Additionally, polystyrene is a perfect packaging material due to being lightweight, water resistant, non-abrasive, and having outstanding cushioning ability.

Packaging Industry to Grow at A Higher Growth Rate During the Forecast Period


Packaging Sector is expected to grow with the highest CAGR during the forecast period 2022-2028.It will be closely followed by the electronics sector which is also expected to grow at a substantial rate. This can be attributed to deep penetration of polystyrene in the packaging and electronics industry. The packaging sector is the largest deployer of high impact polystyrene (HIPS). Furthermore, it is used in food packaging such as egg cartons, meat trays, fruit trays, dairy packaging, etc.; industrial packaging as well as consumer packaging including CD covers, cassettes and others.

Impact of COVID-19 On The Global Polystyrene Market


As a result of the COVID-19 pandemic, the world witnessed one of the worst recessions since WW2. The global Polystyrene market has also been brutally impacted by the emergence of the COVID-19 pandemic. Several governments around the world imposed rigorous lockdowns thus vividly hampering the building and construction, transportation, packaging, electrical, and electronics industries, which are the most important end-user industries for the polystyrene market. Nevertheless, with the improving market circumstances in the post covid era, the growth of the Polystyrene market is likely to recover during the forecast period.

The Asia-Pacific Region Is Expected to Grow with The Highest CAGR in The Global Polystyrene Market.

In terms of regional analysis, the global polystyrene market has been classified into North America, Europe, the Asia-Pacific, Latin America and the Middle East, and Africa. Amidst the segmentation, the Asia-Pacific region is expected to be the largest growing market in the global polystyrene owing to the existence of a large packaging sector in the region. The Asia-Pacific region is the largest consumer and manufacturer of high-impact polystyrene. It accounts about half of the world's total HIPS production. Moreover, The Asia-pacific region is anticipated to exhibit the highest growth rate for polystyrene market during the forecast period on account of the growing development in construction and building industry. Europe is expected to witness significant amount of growth in the polystyrene market owing to the introduction of the guidelines to be recognized by the lightweight goods in the end use industries.

Competitive Landscape


The polystyrene market is a semi-consolidated market. The key players operating in the global polystyrene market are Styrolution Group GMBH, Total Petrochemicals, BASF SE, Formosa Chemicals & Fiber Corporation, Kumho Petrochemicals Ltd., Chi Mei Corporation, SABIC, Trinseo, Videolar, S/A, The Dow Chemical Company, Kaneka Corporation, ACH Foam, Technologies’ PJSC Sibur Holding LLC, Support Kunststoff GmbH, Synthos S.A, Synbra, Holding B.V. and other prominent players. The players maintain their dominance in the market by enhancing their production capabilities, research, and development activities, and launching improved products for the customers. Different strategies are adopted like engaging in strategic alliances, agreements, mergers, and collaborations.

Don’t miss the business opportunity of the global polystyrene market. Consult the report to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the global polystyrene market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global polystyrene market ¬along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.


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1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Polystyrene Market Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape/Recent Development
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Intensity of Rivalry
5. Global Polystyrene Market Overview
5.1. Market Size & Forecast by Value, 2018-2028
5.1.1. By Value (USD Million)
5.2. Market Size & Forecast by Volume, 2018-2028
5.2.1. By Volume (Kilo Tons)
5.3. Market Share & Forecast
5.3.1. By Resin Type
5.3.1.1. General Purpose Polystyrene
5.3.1.2. High Impact Polystyrene
5.3.1.3. Expandable Polystyrene
5.3.2. By Form Type
5.3.2.1. Foams
5.3.2.2. Films and Sheets
5.3.2.3. Injection Molding
5.3.2.4. Other
5.3.3. By End-Use Industry
5.3.3.1. Packaging
5.3.3.2. Building, and Construction
5.3.3.3. Electrical and Electronics
5.3.3.4. Consumer Goods
5.3.3.5. Other End-user Industries
5.3.4. By Region
5.3.4.1. North America
5.3.4.2. Europe
5.3.4.3. The Asia Pacific
5.3.4.4. Latin America
5.3.4.5. The Middle East and Africa
6. North America Polystyrene Market
6.1. Market Size & Forecast by Value, 2018-2028
6.1.1. By Value (USD Million)
6.2. Market Size & Forecast by Volume, 2018-2028
6.2.1. By Volume (Kilo Tons)
6.3. Market Share & Forecast
6.3.1. By Resin Type
6.3.2. By Form Type
6.3.3. By End-Use Industry
6.3.4. By Country
6.3.4.1. United States
6.3.4.2. Canada
7. Europe Polystyrene Market
7.1. Market Size & Forecast by Value, 2018-2028
7.1.1. By Value (USD Million)
7.2. Market Size & Forecast by Volume, 2018-2028
7.2.1. By Volume (Kilo Tons)
7.3. Market Share & Forecast
7.3.1. By Resin Type
7.3.2. By Form Type
7.3.3. By End-Use Industry
7.3.4. By Country
7.3.4.1. Germany
7.3.4.2. United Kingdom
7.3.4.3. Italy
7.3.4.4. France
7.3.4.5. Spain
7.3.4.6. Rest of Europe
8. Asia-Pacific Polystyrene Market
8.1. Market Size & Forecast by Value, 2018-2028
8.1.1. By Value (USD Million)
8.2. Market Size & Forecast by Volume, 2018-2028
8.2.1. By Volume (Kilo Tons)
8.3. Market Share & Forecast
8.3.1. By Resin Type
8.3.2. By Form Type
8.3.3. By End-Use Industry
8.3.4. By Country
8.3.4.1. China
8.3.4.2. India
8.3.4.3. Japan
8.3.4.4. South Korea
8.3.4.5. Rest of Asia Pacific
9. Latin America Polystyrene Market
9.1. Market Size & Forecast by Value, 2018-2028
9.1.1. By Value (USD Million)
9.2. Market Size & Forecast by Volume, 2018-2028
9.2.1. By Volume (Kilo Tons)
9.3. Market Share & Forecast
9.3.1. By Resin Type
9.3.2. By Form Type
9.3.3. By End-Use Industry
9.3.4. By Country
9.3.4.1. Brazil
9.3.4.2. Mexico
9.3.4.3. Rest of Latin America
10. The Middle East & Africa Polystyrene Market
10.1. Market Size & Forecast by Value, 2018-2028
10.1.1. By Value (USD Million)
10.2. Market Size & Forecast by Volume, 2018-2028
10.2.1. By Volume (Kilo Tons)
10.3. Market Share & Forecast
10.3.1. By Resin Type
10.3.2. By Form Type
10.3.3. By End-Use Industry
10.3.4. By Country
10.3.4.1. Saudi Arabia
10.3.4.2. UAE
10.3.4.3. South Africa
10.3.4.4. Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market Share Analysis, 2021
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of Covid-19 on Global Polystyrene Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
13.1. Styrolution Group GMBH
13.2. Total Petrochemicals
13.3. BASF SE
13.4. Formosa Chemicals & Fiber Corporation
13.5. Kumho Petrochemicals Ltd.
13.6. Chi Mei Corporation
13.7. SABIC
13.8. Trinseo
13.9. Videolar S/A
13.10. The Dow Chemical Company
13.11. Kaneka Corporation
13.12. ACH Foam Technologies
13.13. PJSC Sibur Holding LLC
13.14. Support Kunststoff GmbH
13.15. Synthos S.A
13.16. Synbra Holding B.V.
13.17. Other prominent players.
14. Key Strategic Recommendations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1: Global Polystyrene Market Segmentation
Figure 2: Global Polystyrene Industry Value Chain Analysis
Figure 3: Global Polystyrene Market Size, By Value (USD Million), 2018-2028
Figure 4: Global Polystyrene Market Size, By Volume (KT), 2018-2028
Figure 5: Global Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028
Figure 6: Global Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028
Figure 7: Global Polystyrene Market Share (%), By Product Type, By Value, 2018-2028
Figure 8: Global Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028
Figure 9: Global Polystyrene Market Share (%), By End-Use, By Value, 2018-2028
Figure 10: Global Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028
Figure 11: Global Polystyrene Market Share (%), By Region, By Value, 2018-2028
Figure 12: Global Polystyrene Market Share (%), By Region, By Volume, 2018-2028
Figure 13: North America Polystyrene Market Size, By Value (USD Million), 2018-2028
Figure 14: North America Polystyrene Market Size, By Volume (KT), 2018-2028
Figure 15: North America Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028
Figure 16: North America Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028
Figure 17: North America Polystyrene Market Share (%), By Product Type, By Value, 2018-2028
Figure 18: North America Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028
Figure 19: North America Polystyrene Market Share (%), By End-Use, By Value, 2018-2028
Figure 20: North America Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028
Figure 21: North America Polystyrene Market Share (%), By Country, By Value, 2018-2028
Figure 22: North America Polystyrene Market Share (%), By Country, By Volume, 2018-2028
Figure 23: Europe Polystyrene Market Size, By Value (USD Million), 2018-2028
Figure 24: Europe Polystyrene Market Size, By Volume (KT), 2018-2028
Figure 25: Europe Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028
Figure 26: Europe Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028
Figure 27: Europe Polystyrene Market Share (%), By Product Type, By Value, 2018-2028
Figure 28: Europe Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028
Figure 29: Europe Polystyrene Market Share (%), By End-Use, By Value, 2018-2028
Figure 30: Europe Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028
Figure 31: Europe Polystyrene Market Share (%), By Country, By Value, 2018-2028
Figure 33: Europe Polystyrene Market Share (%), By Country, By Volume, 2018-2028
Figure 34: The Asia-Pacific Polystyrene Market Size, By Value (USD Million), 2018-2028
Figure35: The Asia-Pacific Polystyrene Market Size, By Volume (KT), 2018-2028
Figure36: The Asia-Pacific Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028
Figure 37: The Asia-Pacific Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028
Figure 38: The Asia-Pacific Polystyrene Market Share (%), By Product Type, By Value, 2018-2028
Figure 39: The Asia-Pacific Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028
Figure 40: The Asia-Pacific Polystyrene Market Share (%), By End-Use, By Value, 2018-2028
Figure 41: The Asia-Pacific Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028
Figure 42: The Asia-Pacific Polystyrene Market Share (%), By Country, By Value, 2018-2028
Figure 43: The Asia-Pacific Polystyrene Market Share (%), By Country, By Volume, 2018-2028
Figure 44: Latin America Polystyrene Market Size, By Value (USD Million), 2018-2028
Figure 45: Latin America Polystyrene Market Size, By Volume (KT), 2018-2028
Figure 46: Latin America Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028
Figure 47: Latin America Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028
Figure 48: Latin America Polystyrene Market Share (%), By Product Type, By Value, 2018-2028
Figure 49: Latin America Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028
Figure 50: Latin America Polystyrene Market Share (%), By End-Use, By Value, 2018-2028
Figure 51: Latin America Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028
Figure 52: Latin America Polystyrene Market Share (%), By Country, By Value, 2018-2028
Figure 53: Latin America Polystyrene Market Share (%), By Country, By Volume, 2018-2028
Figure 54: The Middle East & Africa Polystyrene Market Size, By Value (USD Million), 2018-2028
Figure 55: The Middle East & Africa Polystyrene Market Size, By Volume (KT), 2018-2028
Figure 56: The Middle East & Africa Polystyrene Market Share (%), By Resin Type, By Value, 2018-2028
Figure 57: The Middle East & Africa Polystyrene Market Share (%), By Resin Type, By Volume, 2018-2028
Figure 58: The Middle East & Africa Polystyrene Market Share (%), By Product Type, By Value, 2018-2028
Figure 59: The Middle East & Africa Polystyrene Market Share (%), By Product Type, By Volume, 2018-2028
Figure 60: The Middle East & Africa Polystyrene Market Share (%), By End-Use, By Value, 2018-2028
Figure 61: The Middle East & Africa Polystyrene Market Share (%), By End-Use, By Volume, 2018-2028
Figure 62: The Middle East & Africa Polystyrene Market Share (%), By Country, By Value, 2018-2028
Figure 63: The Middle East & Africa Polystyrene Market Share (%), By Country, By Volume, 2018-2028
Figure 64: Global Polystyrene Market Share Analysis, 2021
List of Tables
Table 1: Global Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028
Table 2: Global Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028
Table 3: Global Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028
Table 4: Global Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028
Table 5: Global Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028
Table 6: Global Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028
Table 7: Global Polystyrene Market Size. By Region, By Value (USD Million), 2018-2028
Table 8: Global Polystyrene Market Size. By Region, By Volume (KT), 2018-2028
Table 9: North America Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028
Table 10: North America Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028
Table 11: North America Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028
Table 12: North America Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028
Table 13: North America Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028
Table 14: North America Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028
Table 15: 28 North America Polystyrene Market Size (USD Million), By Country, By Value 2018-2028
Table 16: North America Polystyrene Market Size (KT), By Country, By Volume 2018-2028
Table 17: Europe Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028
Table 18: Europe Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028
Table 19: Europe Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028
Table 20: Europe Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028
Table 21: Europe Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028
Table 22: Europe Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028
Table 23: Europe Polystyrene Market Size (USD Million), By Country, By Value 2018-2028
Table 24: Europe Polystyrene Market Size (KT), By Country, By Volume 2018-2028
Table 25: The Asia-Pacific Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028
Table 26: The Asia-Pacific Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028
Table 27: The Asia-Pacific Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028
Table 28: The Asia-Pacific Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028
Table 29: The Asia-Pacific Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028
Table 30: The Asia-Pacific Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028
Table 31: 52 The Asia-Pacific Polystyrene Market Size (USD Million), By Country, By Value 2018-2028
Table 32: The Asia-Pacific Polystyrene Market Size (KT), By Country, By Volume 2018-2028
Table 33: Latin America Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028
Table 34: Latin America Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028
Table 35: Latin America Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028
Table 36: Latin America Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028
Table 37: Latin America Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028
Table 38: Latin America Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028
Table 39: 64 Latin America Polystyrene Market Size (USD Million), By Country, By Value 2018-2028
Table 40: Latin America Polystyrene Market Size (KT), By Country, By Volume 2018-2028
Table 41: The Middle East & Africa Polystyrene Market Size, By Resin Type, By Value (USD Million), 2018-2028
Table 42: The Middle East & Africa Polystyrene Market Size, By Resin Type, By Volume (KT), 2018-2028
Table 43: The Middle East & Africa Polystyrene Market Size, By Product Type, By Value (USD Million), 2018-2028
Table 44: The Middle East & Africa Polystyrene Market Size, By Product Type, By Volume (KT), 2018-2028
Table 45: The Middle East & Africa Polystyrene Market Size, By End-Use, By Value (USD Million), 2018-2028
Table 46: The Middle East & Africa Polystyrene Market Size, By End-Use, By Volume (KT), 2018-2028
Table 47: 76 The Middle East & Africa Polystyrene Market Size (USD Million), By Country, By Value 2018-2028
Table 48: The Middle East & Africa Polystyrene Market Size (KT), By Country, By Volume 2018-2028
Table 49: List of Key Players and Their Offerings
Table 50: Competitive Benchmarking, by Operating Parameters
Table 51: Styrolution Group GMBH Company Overview
Table 52: Styrolution Group GMBH Financial Overview
Table 53: Total Petrochemicals Company Overview
Table 54: Total Petrochemicals Financial Overview
Table 55: Formosa Chemicals & Fiber Corporation Company Overview
Table 56: Formosa Chemicals & Fiber Corporation Financial Overview
Table 57: Kumho Petrochemicals Ltd. Company Overview
Table 58: Kumho Petrochemicals Ltd. Financial Overview
Table 59: SABIC Company Overview
Table 60: SABIC Financial Overview
Table 61: Videolar S/A Company Overview
Table 62: Videolar S/A Financial Overview
Table 63: The Dow Chemical Company Overview
Table 64: The Dow Chemical Company Financial Overview
Table 65: Kaneka Corporation Company Overview
Table 66: Kaneka Corporation Financial Overview
Table 67: ACH Foam Technologies Company Overview
Table 68: ACH Foam Technologies Financial Overview
Table 69: PJSC Sibur Holding LLC Company Overview
Table 70: PJSC Sibur Holding LLC Financial Overview
Table 71: Support Kunststoff GmbH Company Overview
Table 72: Support Kunststoff GmbH Financial Overview
Table 73: Synthos S.A Company Overview
Table 74: Synthos S.A Financial Overview
Table 75: Synbra Holding B.V. Company Overview
Table 76: Synbra Holding B.V. Financial Overview
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