Pune, Maharashtra -- (SBWIRE) -- 09/11/2018 -- Global Styrene Market Study Report 2018-2025
This market study describes the global Styrene market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Turkey, China, Japan, India, South Korea, Egypt, Iran, Brazil, South Africa and Saudi Arabia.
The market is segmented mainly according to the applications as end use for polystyrene (PS) and expanded polystyrene (EPS), acrylonitrile butadiene styrene (ABS), unsaturated polyester resin (UPR) and styrene butadiene rubber (SBR).
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Top Leading Companies are: Bayer Material Science, Asahi Kasei Corporation, BASF SE, LG Chem, Ashland Inc., INEOS Group AG, Lanxess AG, Repsol SA, Royal DSM, SABIC, Sibur, Nova Chemical Corporation, Styrolution Group GmBH, DowDuPont, Lyondell Basell, Etc.
The report provides answers to the following key questions:
- How big is the Styrene market?
- How is the market evolving by demand, segment and region?
- What will the market size be in 2025 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Historical and future price trends for Styrene.
This independent 200 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Styrene market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.
Furthermore, the report provides a detailed analysis of the global Styrene market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
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Styrene possess higher tendency to get polymerized and thus can be used in wide range of application such as production of polymers like polystyrene (PS), expanded polystyrene (EPS), acrylonitrile butadiene styrene (ABS) and styrene butadiene rubber (SBR). EPS is growing at higher rate due to demand in construction sector and is expected to grow with same rate in next five years. PS has reached to saturation in developed countries but it has scope in developing countries. Overall market for PS is steady due competition by its substitute, PET.
Ethylbenzene is made by alkylation of benzene with ethylene in the presence of alumina chloride or zeolite catalyst. It is a colourless liquid which is highly flammable and has sweet aroma similar to that of gasoline. Most important application of ethyl benzene is in the production of styrene monomer which is mainly consumed in production of plastics, on its own in homopolymers such as polystyrene (PS) and expandable polystyrene (EPS). It is also used in conjunction with other monomers in products such as styrene acrylonitrile resins (SAN), acrylonitrile butadiene styrene (ABS) and styrene butadiene rubber (SBR). Other use of ethylbenzene is in anti-knocking agents, diethyl benzene, and natural gas recovery. It is also used as solvent in paints.
Asia-pacific leads the Styrene consumption due to strong Polystyrene demand while Western Europe and North America together accounted for 35% of global Styrene production. Asia-pacific is forecast to grow at much higher rate owing the significant growth in China which is estimated to be more than 8% annually. North America and Western Europe are not expected to witness significant growth.
Ethylbenzene production accounts for the largest chemical outlet for benzene globally. Almost all ethylbenzene is consumed in styrene production. The global ethylbenzene and styrene market is projected to grow at about 2% to 2.5% per year during the forecast period.
Reasons for Buying this Report
- Styrene report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a five to seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future Outlook.
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