Dublin, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The "Polystyrene-Plastic Material and Resins Market (2024 Edition): Analysis by End-User Industry (Packaging Industry, Construction, Consumer, Electronics, and Other End-User Industries), Product Type, Application, Region, Country: Market Insights and Forecast (2020-2030)" report has been added to ResearchAndMarkets.com's offering.
The Global Polystyrene-Plastic Material and Resins market showcased growth at a CAGR of 8.09% during 2020-2023. The market was valued at USD 53.31 Billion in 2023 which is expected to reach USD 94.69 Billion in 2030.
This report provides a complete analysis for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030. The report analyses the Polystyrene-Plastic Material and Resins Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Germany, Italy, France, United Kingdom, China, Japan, South Korea, and India).
One of the market's primary drivers is the demand from the packaging sector, where polystyrene's lightweight, protective, and cost-effective qualities make it ideal for food and e-commerce packaging. As the global e-commerce sector surges, the need for reliable and affordable packaging solutions continues to grow. In the consumer electronics industry, polystyrene is valued for its insulation and shock resistance, essential for protecting electronic devices. Similarly, the construction industry benefits from polystyrene's exceptional thermal insulation properties, which are increasingly valued in green building initiatives aimed at energy efficiency.
The industry also sees advancements in recycling processes, such as chemical recycling, addressing environmental concerns and supporting circular economy goals. Cost-effectiveness remains a significant driver, as polystyrene offers manufacturers an economical yet versatile material for diverse applications, further amplified in emerging economies where production costs are favorable.
One of the market's primary drivers is the demand from the packaging sector, where polystyrene's lightweight, protective, and cost-effective qualities make it ideal for food and e-commerce packaging. As the global e-commerce sector surges, the need for reliable and affordable packaging solutions continues to grow. In the consumer electronics industry, polystyrene is valued for its insulation and shock resistance, essential for protecting electronic devices. Similarly, the construction industry benefits from polystyrene's exceptional thermal insulation properties, which are increasingly valued in green building initiatives aimed at energy efficiency.
The industry also sees advancements in recycling processes, such as chemical recycling, addressing environmental concerns and supporting circular economy goals. Cost-effectiveness remains a significant driver, as polystyrene offers manufacturers an economical yet versatile material for diverse applications, further amplified in emerging economies where production costs are favorable.
Asia-Pacific leads the market due to rapid industrial growth, urbanization, and a growing middle class, while Americas and Europe push advancements in bio-based and recycled polystyrene options. Innovation within the sector has led to high-impact polystyrene variants, providing manufacturers with durable and customizable materials for specific applications, including medical and laboratory products.
Additionally, government regulations, especially those incentivizing sustainability, create a favorable environment for recycled polystyrene products. The collective impact of these drivers, alongside substantial investments in research and development to improve performance and eco-friendliness, positions the polystyrene market as a resilient and expanding segment with vast growth potential across global industries.
Polystyrene plays an irreplaceable role in the packaging industry, where its lightweight, shock-absorbing, and protective qualities make it ideal for both food and non-food applications. Its use in food packaging, in particular, is expanding due to the material's hygiene properties and compatibility with food-grade regulations, ensuring products remain fresh and intact during transport.
This demand is fueled by the rapid growth of e-commerce and online food delivery services globally, with retailers requiring reliable and economical packaging solutions. Expanded polystyrene (EPS), commonly used in protective packaging, food containers, and disposable utensils, supports the rise in demand from urban populations, reinforcing polystyrene's position in the packaging sector.
Scope of the Report
- The report analyses the Polystyrene-Plastic Material and Resins Market by Value (USD Billion).
- The report analyses the Polystyrene-Plastic Material and Resins Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Germany, Italy, France, United Kingdom, China, Japan, South Korea, and India).
- The report presents the analysis of Polystyrene-Plastic Material and Resins Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
- The report analyses the Polystyrene-Plastic Material and Resins Market by End-user Industry
- The report analyses the Polystyrene-Plastic Material and Resins Market by Product Type
- The report analyses the Polystyrene-Plastic Material and Resins Market by Application
- The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by End-user Industry, by Product Type & by Application.
- Also, the major opportunities, trends, drivers, and challenges of the industry has been analyzed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
Competitive Positioning
- Companies' Product Positioning
- Market Position Matrix
- Market Share Analysis of Polystyrene-Plastic Material and Resins Market
Company Profiles
- BASF SE
- TotalEnergies SE
- LG Chem Ltd.
- SABIC
- Trinseo
- Formosa Plastics Group
- Supreme Petrochem Ltd.
- DOW Inc.
- INEOS Styrolution Group GmbH
- Americas Styrenics
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 261 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $53.31 Billion |
| Forecasted Market Value (USD) by 2030 | $94.69 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
Key Topics Covered:
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Analyst Recommendations
2.1 Expansion into Sustainable and Recyclable Polystyrene Products
2.2 Diversification into High-Performance and Specialty Polystyrene Applications
3. Global Polystyrene-Plastic Material and Resins Market: Historic and Forecast
3.1 Impact Analysis of Macro Economic Factors on Global Polystyrene-Plastic Material and Resins Market
3.2 Global Polystyrene-Plastic Material and Resins Market: Dashboard
3.3 Global Polystyrene-Plastic Material and Resins Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
3.4 Global Polystyrene-Plastic Material and Resins Market: Market Value Assessment
3.5 Global Polystyrene-Plastic Material and Resins Market Segmentation: by End-User Industry
3.5.1 Global Polystyrene-Plastic Material and Resins Market, by End-User Industry Overview
3.5.2 Global Polystyrene-Plastic Material and Resins Market Attractiveness Index, by End-User Industry
3.5.3 Global Polystyrene-Plastic Material and Resins Market Size, by Packaging Industry, by Value, 2020H-2030F (USD Billion & CAGR)
3.5.4 Global Polystyrene-Plastic Material and Resins Market Size, by Construction, by Value, 2020H-2030F (USD Billion & CAGR)
3.5.5 Global Polystyrene-Plastic Material and Resins Market Size, by Consumer, by Value, 2020H-2030F (USD Billion & CAGR)
3.5.6 Global Polystyrene-Plastic Material and Resins Market Size, by Electronics, by Value, 2020H-2030F (USD Billion & CAGR)
3.5.7 Global Polystyrene-Plastic Material and Resins Market Size, by Other End-User Industries, by Value, 2020H-2030F (USD Billion & CAGR)
3.6 Global Polystyrene-Plastic Material and Resins Market Segmentation: by Product Type
3.6.1 Global Polystyrene-Plastic Material and Resins Market, by Product Type Overview
3.6.2 Global Polystyrene-Plastic Material and Resins Market Attractiveness Index, by Product Type
3.6.3 Global Polystyrene-Plastic Material and Resins Market Size, by General Purpose Polystyrene, by Value, 2020H-2030F (USD Billion & CAGR)
3.6.4 Global Polystyrene-Plastic Material and Resins Market Size, by Extruded Polystyrene, by Value, 2020H-2030F (USD Billion & CAGR)
3.6.5 Global Polystyrene-Plastic Material and Resins Market Size, by Expandable Polystyrene, by Value, 2020H-2030F (USD Billion & CAGR)
3.6.6 Global Polystyrene-Plastic Material and Resins Market Size, by High Impact Polystyrene, by Value, 2020H-2030F (USD Billion & CAGR)
3.7 Global Polystyrene-Plastic Material and Resins Market Segmentation: by Application
3.7.1 Global Polystyrene-Plastic Material and Resins Market, by Application Overview
3.7.2 Global Polystyrene-Plastic Material and Resins Market Attractiveness Index, by Application
3.7.3 Global Polystyrene-Plastic Material and Resins Market Size, by Packaging Solutions, by Value, 2020H-2030F (USD Billion & CAGR)
3.7.4 Global Polystyrene-Plastic Material and Resins Market Size, by Building & Comfort Applications, by Value, 2020H-2030F (USD Billion & CAGR)
4. Global Polystyrene-Plastic Material and Resins Market, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
For more information about this report visit https://www.researchandmarkets.com/r/ly0ts9
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