Styrenic Polymers market by Forecast to 2027 with Included Analysis of New Trends and Updates

Styrenic polymers are produced by polymerization of styrene monomers and compounds such as acrylonitrile and butadiene. Styrenic polymers are widely used across the automotive industry, packaging, construction, and electronic appliances. These polymers are rapidly replacing metallic parts across various end-user industries.

Increasing use of styrenic polymers in place of PVC across the healthcare industry is predominantly fueling market growth. Due to various potential health threats associated with the PVC there is a restriction on the use of PVC materials. This is creating demand for plastic such as styrenic polymers as they exhibit excellent mechanical performance. Moreover, these polymers also offer easy disposability, design versatility, lightweight, and better aesthetics. All these properties of the styrenic polymers are propelling the market growth.

The global styrenic polymers market is estimated to account for US$ 3,056.2 Mn in terms of value and 1,160.7 Kilo Tons in terms of volume by the end of 2019.

Top Key Players in Styrenic Polymers  market: Styrolution Group GmbH, Americas Styrenics LLC, Styron LLC (Trinseo S.A.), Saudi Basic Industries Corporation, Chi Mei Corporation, Kraton Polymers LLC, INEOS ABS (USA) Corporation, Chevron Phillips Chemical Company LLC, Bayer MaterialScience AG, Nova Chemicals Corporation

The scope of the Report:

The report segments the global Styrenic Polymers Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Styrenic Polymers Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Regional Analysis:

Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Styrenic Polymers market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.

The high price of the styrenic polymers compared to other thermoplastic materials is projected to hinder the market growth. Polystyrene and ABS are two major materials that have a high price. for instance , the typical price of ABS is nearly 3 times that of rock bottom priced PVC.

The volatile price of petroleum thanks to the political scenario as raw materials utilized in the manufacturing of styrenic polymers are derived from petroleum is predicted to hamper the market growth.

The growing use of styrenic polymers for producing medical devices such as storage of IV fluids, blood bags, dialysis solutions, and tubings is expected to offer lucrative opportunities. Robust demand for thermoplastic elastomers from medical and healthcare industry is creating profitable opportunities for the styrenic polymers market.

Increasing R &D by manufacturers to explore more properties of styrenic polymers is projected to bring new market opportunities over the forecast period. Growing demand for technically advanced and more flexible products are encouraging manufacturers to invest in the R & D to develop for a more innovative product. Thus growing investment in R &D by manufacturer is projected to offer enormous potential opportunities over the forecast period.

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