Polystyrene Market Worth 28.2 Billion USD by 2019

PUNE, India, August 21, 2015 /PRNewswire/ --

The report "Polystyrene Market by Application (Packaging, Electronics, Consumer Goods & Appliances, Construction, and Others) & Geography - Global Trends & Forecast to 2019", published by MarketsandMarkets, The Polystyrene Market is expected to reach USD 28.2 Billion by 2019, at a CAGR of 5.1% from 2014 to 2019.

Browse 63 Tables and 46 Figures spread through 83 Pages and in-depth TOC on "Polystyrene Market"
http://www.marketsandmarkets.com/Market-Reports/polystyrene-market-148308682.html
Early buyers will receive 10% customization on this report.

The market report defines and segments the polystyrene market and forecast of the market size in terms of value and volume.

Download Free Sample Pages: http://www.marketsandmarkets.com/pdfdownload.asp?id=148308682

Polystyrene is a versatile plastic that belongs to a group of plastics called thermoplastic. It is a hard and solid plastic, and is mostly preferred in food packaging and laboratory ware. It is a vinyl polymer, with a long hydrocarbon chain structure, wherein a phenyl group is attached to every other carbon atom. The global polystyrene market is experiencing a steady growth over the last few years, mainly due to the ever increasing global population. One of the major factors propelling the growth of the polystyrene market is that polystyrene is relatively inexpensive in nature.

The polystyrene market is mainly driven by the increasing rate of industrialization and globalization, as the demand for polystyrene is growing across varied industry verticals such as packaging and electrical & electronics among others. Packaging, construction, and consumer electronic industries are major consumers for polystyrene. Other factors influencing its market growth are increasing application of polystyrene in the manufacturing of rubber and plastic, high production cost of substitutes, and growth of the plastic & rubber industries in the Asia-Pacific, South America, and MEA regions. The major restraining factors of this market is the increasing awareness regarding the negative impacts of polystyrene, which in turn has led to shift in consumers' preference towards the consumption of organic products. Recycling of polystyrene also creates potential growth opportunities for key market players.

Packaging is the major application of the polystyrene market, followed by electronics and consumer goods & appliances. Packaging is the largest application segment in the polystyrene market, and accounts for more than one-third share of the global polystyrene market. The Asia-Pacific region dominated the polystyrene market for packaging application, followed by North America and Europe. The electronics application is projected to witness the highest CAGR of 5.9% between 2014 and 2019.

Leading players in the polystyrene market include Styrolution Group GMBH (Germany), Total Petrochemicals (Houston), BASF SE (Germany), Formosa Chemicals & Fiber Corporation (Taiwan), Kumho Petrochemicals Ltd. (South Korea), Chi Mei Corporation (Taiwan), SABIC (Saudi Arabia), Trinseo (U.S.), Videolar S/A (Brazil), ACH Foam Technologies, LLC (U.S.), Alpek SAB de CV (Mexico),  and  The Dow Chemical Company (U.S.).

The report covers the polystyrene market and its trends in four specific regions, namely, Asia-Pacific, Europe, North America, and South America & MEA. The market has also been analyzed on the basis of applications, such as packaging, electronics, consumer goods & appliances, and construction among others.

Browse Related Reports: 

Global Styrenics Polymers Market by Polymer Types (PS, EPS, ABS, SBR, UPR and Other Polymers), by Application (Building & Construction, Packaging, Automotive, Appliances, Marine Accessories, and Wind Energy) - Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/styrenic-polymers-market-748.html

About MarketsandMarkets

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets