Global Styrenic Polymers Market Overview:
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%
- Increase In Demand of Lightweight Materials in Consumer Goods Industries.
- Rise In Demand Of Styrenic Polymers in Asia-Pacific Regions Fuelled Up The Market.
- Rising Demand of styrenic polymers due to urbanization and industrialization.
- increasing demand of styrenic polymers in automobile industry at South America region.
- Substitutes Products are Available Such as PVC and Polyethylene Hamper the Styrenic Polymers.
- High Cost Associated With Styrenic Polymers.
- Introduction Of New Models and Technology Advancements Expected to Boost the Business Jet Market.
- Rapid Technological Innovation Leads to Propel the Market.
- Adverse Impact Due to Economic Uncertainties in Styrenic Polymers.
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Kraton Polymers (United States), CCP Composites (United States) and Chi Mei Corporation (Taiwan). Considering Market by Process, the sub-segment i.e. Geometric will boost the Styrenic Polymers market.
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."
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Styrenic Polymers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Styrenic Polymers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes 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.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.