Styrene Market Report Overview
Maximize Market Research published reports that help clients understand the Styrene market structure in-depth. The report which is a combination of primary and secondary research gives thorough details about the Styrene market, trade statistics, leading players, and various market metrics.
Styrene Market Report Scope and Research Methodology
The report provides business statistics and analytical insights to help you understand the Styrene market size, market share, growth, trends, demand, top players, industry profile, opportunities, value chain, end-users, types, and applications in plain language. The bottom-up approach was used to estimate the global and regional Styrene market size. Both primary and secondary research methodologies were used to clearly present the Styrene market structure.
In the secondary research method, data was collected from a selected set of sources. This method was used to gather information on Styrene key players and current and past trends in the industry. The information gathered through secondary research was validated using the primary research method, in which Styrene industry experts were interviewed.
The report also includes growth opportunities in micro and macro markets for stakeholders to invest in, with a detailed analysis of the competitive landscape and significant Styrene competitors' product offerings. SWOT analysis was used to identify the strengths and weaknesses of the Styrene market.
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Styrene Market Regional Analysis
The report has been segmented into many key countries. This section provides a detailed analysis of the Styrene market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:
- North America- U.S., Canada, Mexico
- Europe- UK, Germany, France, Spain, Rest of Europe
- Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
- South America- Brazil
- Middle East and Africa.
Styrene Market Segmentation
by Type
Acrylonitrile Butadiene Styrene (ABS)
Expanded Polystyrene (EPS)
Others
Based on Type, The Acrylonitrile Butadiene Styrene (ABS) segment is expected to grow at the highest CAGR of 7.2 % during the forecast period. Numerous vehicle parts, such as the bumper, seats, dashboard, interior trim, headliners, centre consoles, and lighting, are made using ABS. In a passenger car, ABS makes up about 12.7% of all the automotive polymers used.
by Application
Automotive
Construction
Packaging Consumer Goods
Others
Based on Application, The automotive sector has been growing quickly on a global scale. In 2022, the industry sold 110.0 million automobiles globally, a 7 % increase from the previous year. During the forecast period , demand is expected to increase owing to factors such global income inequality, growing urbanisation, rising interest in electric vehicles, and steady technological developments. Owing to rising use in the automotive industry, the automotive category had a revenue share of 22 % in 2022 and is expected to experience the quickest CAGR throughout the forecast period. Growing vehicle production, mostly in China, Indonesia, Mexico, the United States, Germany, South Korea, Japan, Malaysia, and Taiwan, is a key factor in the market's growth. In 2019, the acrylonitrile butadiene styrene (ABS) market's revenue share from the construction sector was 17 %. In comparison to all other plastics, ABS is a better option for construction, and it is frequently utilised in vacuum parts, fittings, and pipes. It is portable and simple to install. According to Timetric's Construction Intelligence Center, the worldwide construction industry is expected to increase at a 7 % annual rate over the forecast period.
by End Use
Plastics
Paints Coatings
Packaging
Rubber
Automotive
Others
Styrene Market Key Players
1. Chevron Phillips Chemical Company
2. Bayer Material science
3. Royal Dutch Shell plc.
4. Ashland Inc
5. Nova Chemicals Corporation
6. SABIC Co.
7. Ineos Group AG
8. Alpek S.A.B. de C.V.
9. Hanwha Group
10. Eni S.p.A.
11. TotalEnergies S.A.
12. BASF SE
13. Kaneka Corp.
14. Ravago
15. Saudi Basic Industries Corp. (SABIC)
16. LyondellBasell Industries Holdings B.V.
17. Covestro AG
18. Sibur
19. Repsol
20. LG Chem
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Key Questions answered in the Styrene Market Report are:
- What is Styrene ?
- What will be the CAGR of the Styrene market during the forecast period?
- Which segment of the Styrene market held the largest share of the global market in 2022?
- What trends are expected to generate additional revenue for the Styrene market?
- What are the opportunities for the Styrene Market?
- What factors are driving the Styrene market growth?
- Which company held the largest share in the Styrene market?
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Key Offerings:
- A detailed Market Overview
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape - Leading key players and other prominent key players.
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