DUBLIN, October 18, 2017 /PRNewswire/ --

The "Global Styrene Market - Size, Share, and Forecast (2017 - 2022)" report has been added to Research and Markets' offering.

The global styrene market is majorly driven by polystyrene and expandable polystyrene consumption. The market for styrene is highly diversified, which includes various types of derivatives each having a wide range of applications across various sectors of the market.

Styrene occurs naturally in small quantities in plants, as well as, a variety of foods, such as vegetables, fruits, nuts, beverages, and meat. Moreover, it is also found in coal tar. Styrene is industrially produced by dehydrogenation of ethyl benzene. Due to its high tendency to polymerize, it is used as a precursor in the production of polymers and copolymers, such as polystyrene, ABS, SBR, EPS, and others'.

Demand for expanded polystyrene (EPS) is expected to drive the global styrene market. EPS is the fastest growing styrene derivative and accounts for 25% of the global consumption. The EPS market continues to grow due to demand from the construction sector, however, the same demand is not reflected in the packaging sector. General purpose polystyrene (PS) market is the largest consumer of styrene accounting for nearly 35% of the global styrene consumption.

Yet, the PS market growth is expected to be steady, due to the influence of substitutes like PET. Excess supply and mature markets in the developed countries are expected to restrain polystyrene market, however, there is a better demand from construction and packaging industries in developing markets. Styrene consumption for EPS, SBR and ABR are expected to witness high growths. Healthy growth of appliance market is expected to benefit the ABS market. Styrene is a hazardous chemical and possibly carcinogenic. Instability in crude oil prices, decreasing demand from developing countries and reduced supply from POSM facilities are expected to challenge the styrene market.

In terms of consumption, Asia-Pacific accounted for the largest market size in 2016. In this region, EPS has the largest market share and healthy growth of polystyrene is expected to drive the market, during 2017-2022 (the forecast period). Western Europe and North America are the next two largest markets. There is a high demand for EPS and ABS but low for polystyrene in these mature markets. Middle East & Africa is expected to increase at a high rate, due to the growing demand from construction and packaging sectors.

Notable Developments in the Market

• Ineos Styrolution planned to increase acrylonitrile styrene acrylate and acrylonitrile butadiene styrene capacity in the United States and Mexico. The plan includes constructing a new acrylonitrile styrene acrylate plant of 100 kiloton in Texas and focus on ABS production capacity in Mexico.
• In Korea, LG Chem Ltd invested USD 100 million in China to expand the output of acrylonitrile butadiene styrene production.

Why Purchase the Global Styrene Market Report

• Know about: the latest News and innovations of global styrene market manufacturers
• Analyzing various market perspectives with the help of Porter's five forces analysis
• Which end-user industry will dominate the global styrene market

Identify the latest developments, market shares, and strategies employed by the major market players, such as:

• Ineos Styrolution
• LG Chem Ltd
• Shuangliang Leasty Chemical
• Americas Styrenics

Key Topics Covered:

1. Introduction
1.1 Scope of the Report
1.2 Research Methodology

2. Executive Summary

3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products & Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis
3.3.1 Global Capacity by Key Feedstock
3.3.2 Trends
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Technology Licensing and Patent Analysis
3.5 Trade Analysis
3.6 Price Index
3.7 Supply Scenario
3.7.1 Capacity and Production Analysis
3.7.1.1 Major Plants and Locations (Installed Capacities)
3.8 Upcoming Projects & Capital Expenditure
3.9 Regulatory Policy Analysis
3.9.1 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Demand for Expanded Polystyrene from North America
4.1.2 Demand for General-purpose and High-impact Polystyrene in Asia-Pacific
4.1.3 Increased SBR Demand for Tire Manufacturing
4.1.4 Wind Energy Applications of UPR
4.2 Restraints
4.2.1 Detrimental Effects of Styrene on Health
4.2.2 Decrease in Demand from Developed Nation
4.2.3 Threat from Substitutes like PET, Polypropylene, and Resins
4.3 Opportunities
4.3.1 Infrastructure Developments in Developing Regions
4.3.2 Other Opportunities

5. Market Segmentation and Analysis ( Market Size, Growth , and Forecast)
5.1 By Production Process
5.1.1 Dehydrogenation of Ethyl benzene
5.1.2 From Ethylbenzene Hydroperoxide (POSM)
5.1.3 From Toluene and Methanol
5.1.4 From Benzene and Ethane
5.1.5 Others
5.2 By Product Type
5.2.1 Polystyrene
5.2.2 Expanded Polystyrene
5.2.3 Acrylonitrile Butadiene Styrene
5.2.4 Styrene Butadiene Rubber
5.2.5 Unsaturated Polyester Resins
5.2.6 Others
5.3 By End-User Industry
5.3.1 Packaging
5.3.2 Construction
5.3.3 Consumer Goods
5.3.4 Automotive
5.3.5 Electrical & Electronics
5.3.6 Others

6. Regional Analysis ( Market Size, Growth, and Forecast)

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis
8.3 Strategies Adopted by Leading Players

9. Company Profiles
9.1 Bayer MaterialScience
9.2 Dow Chemical
9.3 BASF
9.4 LG Chem Ltd.
9.5 Chevron Phillips
9.6 CNPC
9.7 Nova Chemicals
9.8 Shell Chemicals
9.9 INEOS Styrolution
9.10 Mitsubishi Chemicals
9.11 Americas Styrenics
9.12 Lyondell Basell
9.13 Styrolution
9.14 SINOPEC Qingdao Refining Corp. Ltd.
9.15 Total Petrochemicals
9.16 Pars Petrochemical
9.17 NIPPON STEEL & SUMIKIN CHEMICAL
9.18 Tianjin Dagu Chemical
9.19 Shuangliang Leasty Chemical
9.20 Yuhuang Chemical
9.21 Trinseo

For more information about this report visit https://www.researchandmarkets.com/research/9nb66x/global_styrene

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