DUBLIN, Mar. 04, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/sdg3jn/styrenics_market) has announced the addition of the "Concise Analysis of the International Styrenics Market - Forecasts to 2018" report to their offering.
The global market for styrenics is witnessing a high growth on account of emerging construction and packaging industries. This has resulted in increasing demand for infrastructure facilities and consumer goods, especially in regions such as the Asia-Pacific.
The market is highly diversified with large number of players operating in different regions. Polystyrene (PS), Expanded Polystyrene (EPS), Acrylonitrile Butadiene Styrene (ABS), Styrene Butadiene Rubber (SBR), and Unsaturated Polyester Resin (UPR) are the main styrenics showing high growth potential. Other polymers such as Extruded Polystyrene (XPS), Styrene Acrylonitrile (SAN), Styrene Butadiene Latex (SBL), etc. have limited applications and are set to record a lower growth rate.
Styrene is highly volatile and when exposed, can be hazardous causing irritation to eyes, skin, respiratory system problems, dizziness, nervous system depression, etc. On incomplete combustion, it produces carbon monoxide and emits hazardous vapors on decomposition. The styrene-based polymers are non-biodegradable and need to be burned which can increase the explosion risks. These environmental and health concerns are the major restraints for styrenics market. However, absence of competitive substitutes which can replace styrenics is motivation for companies to continuously invest in this market.
Asia-Pacific is identified as the largest market as well as the highest growing region in the next five years among all the global markets. Europe and North America accounted for the second and the third largest markets respectively for styrenics consumption.
The growing demand for styrenics has prompted many companies to expand their production capacities so as to improve their market shares. Thus, most of the companies are focused on expansion as their major growth strategy. The other growth opportunities such as new product developments, agreements, and collaborations are also adopted for intensifying the penetration in styrenics market. Major players in this market are BASF (Germany), SABIC (Saudi Arabia), Lanxess AG (Germany), The Dow Chemical Company (U.S.), and Total S.A. (France).
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Polystyrene (PS) & Expanded Polystyrene (EPS)
6 Acrylonitrile Butadiene Styrene (ABS)
7 Styrene Butadiene Rubber (SBR)
8 Unsaturated Polyester Resin (UPR)
9 Styrenics Market, By Geography
10 Competitive Landscape
11 Company Profiles
- Alpek SAB DE CV
- Asahi Kasei Corporation
- Ashland Inc
- Bayer Materialscience
- CCP Composites
- ENI SPA
- Ineos Group AG
- Lanxess AG
- Nizhnekamskneftekhim OAO
- Nova Chemicals Corporation
- Reichhold Inc
- Repsol SA
- Royal DSM
- Styrolution Group GMBH
- Styron LIC
- Synthos SA
- The Dow Chemical Company
- Total SA
For more information visit http://www.researchandmarkets.com/research/sdg3jn/styrenics_market
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SOURCE Research and Markets