Styrenic Polymers Market Scope
Styrenic polymer is formed by polymerization of styrene in the presence of vinyl group results. The styrene based resins are widely applicable in manufacturing wide variety of everyday goods, kitchen appliances, hospitals and school supplies. The styrenic polymers offer several facilities such are flexibility of materials and design in the field of medical industries. There has been significant rise in number of polymer production capacity with figure stood up to USD 10.8 million ton in global in 2016, the future for styrenic polymers looks promising. The major companies are introducing latest technology based styrenic polymers in Asia-Pacific and Middle East region as its demand is observed in electrical and electronics industries that consume a majority of styrenic polymers.
According to AMA, the Global Styrenic Polymers market is expected to see growth rate of 6.1%
In styrenic polymers market, it has been observed that most of the companies are upgrading or introducing different type of thermoplastic styrenic polymers that offers more styrenes in synthetic rubbers.Its also expected to boost the future market with this new technology.
Bayer Material Science (Germany), Lanxess Ag (Germany), Saudi Basic Industries Corporation (Saudi Arabia), Nova Chemicals Corporation (Canada), ENI S.P.A, LG Chem Ltd. (South Korea), Ashland (United States), Styrolution Group GmbH (Germany), Ineos Group Ag (Switzerland), Asahi Kasei Corporation (Japan), Alpek Sab De Cv (Mexico) and BASF(Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kraton Polymers (United States), CCP Composites (United States) and Chi Mei Corporation (Taiwan).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Styrenic Polymers market by Type (Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Styrene Acrylonitrile (SAN), Methacrylate Butadiene Styrene (MBS), Methacrylate Acrylonitrile Butadiene Styrene (MABS), Styrene Methyl-Methacrylate (SMMA), Styrene Butadiene Styrene (SBS), Styrene Ethylene Butylene Styrene (SEBS) and Others), by Application (Medical, Building and Construction, Electrical and Electronics, Automotive Industry, Consumer Goods and Other) and Region with country level break-up.
On the basis of geography, the market of Styrenic Polymers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
INEOS Styrenics launched new sustainable line of polystyrene grades in North America which is beneficial in providing injection molded opaque articles, such as housewares, office accessories, cuttlery and appliance components.
“According to Food and Drugs Administration, Rubber-modified polystyrene consists of basic polymers produced by combining styrene-butadiene copolymers and/or polybutadiene with polystyrene, either during or after polymerization of the polystyrene, such that the finished basic polymers contain not less than 75 weight percent of total polymer units derived from styrene monomer."
- Rising Demand of styrenic polymers due to urbanization and industrialization.
- increasing demand of styrenic polymers in automobile industry at South America region.
- Increase In Demand of Lightweight Materials in Consumer Goods Industries.
- Rise In Demand Of Styrenic Polymers in Asia-Pacific Regions Fuelled Up The Market.
- Introduction Of New Models and Technology Advancements Expected to Boost the Business Jet Market.
- Rapid Technological Innovation Leads to Propel the Market.
- Substitutes Products are Available Such as PVC and Polyethylene Hamper the Styrenic Polymers.
- High Cost Associated With Styrenic Polymers.
- Adverse Impact Due to Economic Uncertainties in Styrenic Polymers.
Key Target Audience
Styrenic Polymers Manufacturers, Styrenic Polymers Traders, End-Use Market Participants of Different Segments of Styrenic Polymers, Government and Research Organizations, R&D Institutions and Others