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Styrene Market by Product Type, End User, and Region 2023-2028

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    Report

  • 142 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5743046
The global styrene market size reached US$ 6.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 9.7 Billion by 2028, exhibiting a CAGR of 6.63% during 2022-2028. The increasing number of construction activities, favorable initiatives undertaken by numerous governing agencies, and the rising sales of ready-to-eat (RTE) food products represent some of the key factors driving the market.

Styrene, also known as vinylbenzene, ethenylbenzene, cinnamene, and phenylethylene, is a highly volatile, flammable, and colorless organic compound that easily evaporates. It is less dense than water and consequently insoluble in water. It is made by the alkylation of benzene with ethylene and employed as an intermediate in the synthesis of materials, which are utilized for ion exchange resins and producing other copolymers. It is used in manufacturing synthetic rubbers, latex, and polystyrene resins and derivatives, such as polystyrene (PS), acrylonitrile-butadiene styrene (ABS), styrene-acrylonitrile (SAN), styrene-butadiene elastomers, styrene-butadiene rubber (SBR), and unsaturated polyester resin (UPS). As styrene-based materials offer unique characteristics like toughness, high performance, and versatile design, the demand for styrene is rising worldwide.

Styrene Market Trends:

There is an increase in the utilization of energy efficient insulation materials in the construction industry on account of the unique physical properties and the ability to conserve the energy of styrene. This, coupled with rapid urbanization and rising construction activities in residential and commercial areas, represent one of the major factors driving the demand for styrene around the world. Moreover, initiatives undertaken by governing agencies of numerous countries to promote the use of eco-friendly construction materials and reduce carbon footprints are favoring the market growth. In addition, styrene is employed in the manufacturing different components of a vehicle, such as tires, doors, window profiles, belts, and gaskets. This, along with the growing demand for lightweight and luxury vehicles and significant growth in the automotive industry, is influencing the market positively. Apart from this, styrene is used in the packaging of milk, fruits, meat, and other packaged food items to prevent damage, extend shelf life, reduce product weight, and preserve product color, taste, and texture, and offer resistance to moisture. Furthermore, increasing sales of ready-to-eat (RTE) food products on account of hectic lifestyles and the expanding purchasing power of individuals are creating a positive outlook for the market. Besides this, as styrene is utilized in producing PS, which is further employed in the production of air conditioners, refrigerators, vacuum cleaners, microwaves, and ovens, its demand is escalating across the globe.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each segment of the global styrene market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product type and end user.

Product Type Insights:

  • Polystyrene
  • Acrylonitrile Butadiene Styrene
  • Styrene Acrylonitrile
  • Styrene-Butadiene Rubber
  • Others
The report has also provided a detailed breakup and analysis of the styrene market based on the product type. This includes polystyrene, acrylonitrile butadiene styrene, styrene acrylonitrile, styrene-butadiene rubber, and others. According to the report, polystyrene represented the largest segment.

End User Insights:

  • Packaging
  • Construction
  • Consumer Goods
  • Automotive
  • Others
A detailed breakup and analysis of the styrene market based on the end user has also been provided in the report. This includes packaging, construction, consumer goods, automotive, and others. According to the report, packaging accounted for the largest market share.

Regional Insights:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for styrene. Some of the factors driving the Asia Pacific styrene market included rapid urbanization, increasing construction activities, and the rising use of styrene in the packaging industry.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global styrene market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Alpek S.A.B. de C.V. (Alfa S.A.B. de C.V.), Ashland Global, BASF SE, Chevron Phillips Chemical Company LLC, China Petrochemical Corporation, Covestro AG, Dow Inc., INEOS Group Limited, Koninklijke DSM N.V., Kumho Petrochemical Co. Ltd., Mitsubishi Chemical Holdings Corporation, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Synthos, TotalEnergies SE, and Trinseo. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

  • How has the global styrene market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global styrene market?
  • What are the key regional markets?
  • Which countries represent the most attractive styrene markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the end user?
  • What is the competitive structure of the global styrene market?
  • Who are the key players/companies in the global styrene market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Styrene Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Polystyrene
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Acrylonitrile Butadiene Styrene
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Styrene Acrylonitrile
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Styrene-Butadiene Rubber
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by End User
7.1 Packaging
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Construction
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Consumer Goods
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Automotive
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Alpek S.A.B. de C.V. (Alfa S.A.B. de C.V.)
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.2 Ashland Global
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 BASF SE
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Chevron Phillips Chemical Company LLC
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 SWOT Analysis
13.3.5 China Petrochemical Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Covestro AG
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Dow Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 INEOS Group Limited
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Koninklijke DSM N.V.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Kumho Petrochemical Co. Ltd.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 Mitsubishi Chemical Holdings Corporation
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.13 Synthos
13.3.13.1 Company Overview
13.3.13.2 Product Portfolio
13.3.14 TotalEnergies SE
13.3.14.1 Company Overview
13.3.14.2 Product Portfolio
13.3.15 Trinseo
13.3.15.1 Company Overview
13.3.15.2 Product Portfolio
  • Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
Figure 1: Global: Styrene Market: Major Drivers and Challenges
Figure 2: Global: Styrene Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Styrene Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Styrene Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Styrene Market: Breakup by End User (in %), 2022
Figure 6: Global: Styrene Market: Breakup by Region (in %), 2022
Figure 7: Global: Styrene (Polystyrene) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Styrene (Polystyrene) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Styrene (Acrylonitrile Butadiene Styrene) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Styrene (Acrylonitrile Butadiene Styrene) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Styrene (Styrene Acrylonitrile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Styrene (Styrene Acrylonitrile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Styrene (Styrene-Butadiene Rubber) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Styrene (Styrene-Butadiene Rubber) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Styrene (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Styrene (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Styrene (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Styrene (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Styrene (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Styrene (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Styrene (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Styrene (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Styrene (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Styrene (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Styrene (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Styrene (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: United States: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: United States: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Canada: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Canada: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Asia-Pacific: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Asia-Pacific: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: China: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: China: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Japan: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Japan: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: India: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: India: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: South Korea: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: South Korea: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Australia: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Australia: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Indonesia: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Indonesia: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Others: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Others: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Europe: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Germany: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Germany: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: France: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: France: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: United Kingdom: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: United Kingdom: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Italy: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Italy: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Spain: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Spain: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Russia: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Russia: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Latin America: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Latin America: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Brazil: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Brazil: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Mexico: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Mexico: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Middle East and Africa: Styrene Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Middle East and Africa: Styrene Market: Breakup by Country (in %), 2022
Figure 75: Middle East and Africa: Styrene Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Global: Styrene Industry: Drivers, Restraints, and Opportunities
Figure 77: Global: Styrene Industry: Value Chain Analysis
Figure 78: Global: Styrene Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Styrene Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Styrene Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Styrene Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 4: Global: Styrene Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Styrene Market: Competitive Structure
Table 6: Global: Styrene Market: Key Players

Companies Mentioned

  • Alpek S.A.B. de C.V. (Alfa S.A.B. de C.V.)
  • Ashland Global
  • BASF SE
  • Chevron Phillips Chemical Company LLC
  • China Petrochemical Corporation
  • Covestro AG
  • Dow Inc.
  • INEOS Group Limited
  • Koninklijke DSM N.V.
  • Kumho Petrochemical Co. Ltd.
  • Mitsubishi Chemical Holdings Corporation
  • Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
  • Synthos
  • TotalEnergies SE
  • and Trinseo.

Methodology

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