The Global Polystyrene-Plastic Material And Resins Market Report by The Business Research Company covers polystyrene-plastic material and resins market drivers and restraints, polystyrene-plastic material and resins market size, major players, and the impact of COVID-19 on the polystyrene-plastic material and resins market.
The polystyrene market consists of the sales of polystyrene and related services. Polystyrene is a synthetic thermoplastic material formed through polymerizing styrene. It is used in modeled products, foams and sheet materials.
The demand for packaging products has increased recently, particularly in emerging economies such as China and India. As the size of the middle-class grew in these countries, the consumption of processed foods, poultry, meat and agricultural products increased.
The global polystyrene-plastic material and resins market is expected to grow from $35.69 billion in 2020 to $42.78 billion in 2021 at a compound annual growth rate (CAGR) of 19.9%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $48.96 billion in 2025 at a CAGR of 3%.
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Some polystyrene-plastic material and resins market trends include construction and packaging sectors in developing countries increasingly using Expanded Polystyrene (EPS). EPS provides design and structural cohesion to construction projects and possesses physical and mechanical properties required for insulation. It is mostly used in the construction sector due to properties of closed air low thermal conductivity, low water absorption, lightweight, mechanical resistance, and sound resistance. EPS offers sound weight and volume performances compared to other building materials making construction simple.
Global polystyrene-plastic material and resins market segments include:
1) By Product Type: Expandable Polystyrene (EPS), General-Purpose Polystyrene (GPPS), High-Impact Polystyrene (HIPS), Extruded Polystyrene (XPS).
2) By End Use Industry: Automotive Industry, Electronics, Thermal Insulation Industries, Pharmaceuticals, Consumer Industry, Packaging Industry, Construction Industry.
3) By Application: HVAC Insulation, Rigid Packaging, Seating, Flexible Packaging.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Polystyrene-Plastic Material And Resins Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides polystyrene-plastic material and resins market overviews, analyzes and forecasts market size, share, polystyrene-plastic material and resins market players, polystyrene-plastic material and resins market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The polystyrene-plastic material and resins market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Polystyrene-Plastic Material And Resins Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: A.Schulman Inc., ACH Foam Technologies, Inc., Alpek S.A.B. de C.V, Americas Styrenics LLC, Atlas Roofing Corporation, Austrotherm GmbH, BASF SE, BEWiSynbra Group, Brødr. Sunde as, Chi Mei Corporation, DowDuPont, DuPont de Nemours Inc., ePS Designs, Flint Hills Resources, Formosa Chemicals & Fibre Corporation, Formosa Plastic Corporation, HIRSCH Servo etc., INEOS Styrolution Group GmbH, Innova, KANEKA CORPORATION, Knauf Group, Kumho Petrochemicals Ltd. , LG Chem, Loyal Group , NexKemia, NOVA Chemicals Corporation, Owens Corning Inc., Penoplex SPB LLC , Ravago Group , SABIC, Saint-Gobain Isover SA.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The polystyrene-plastic material and resins Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The polystyrene-plastic material and resins Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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