The global styrenic polymers market is anticipated to grow at a significant CAGR 6% during the forecast period (2022-2028). The styrenic polymers market is driven by its rising preference over traditional polymers and metals, due to growing concerns about environmental threats. The increased use of styrenic polymers instead of PVC in the healthcare industry is encouraging market growth, due to potential health risks associated with PVC, there is a limit to the use of PVC materials.
In addition, these polymers offer easy disposal, design variability, lightweight, and excellent quality and all these properties of the styrenic polymers are propelling the market growth. Moreover,the increasing use of styrenic polymers in the production of medical devices such as IV fluid storage, blood bags, dialysis solutions, and tubes is expected to provide significant advantages and the strong demand for thermoplastic elastomers from the medical and healthcare industry is creating lucrative opportunities in the styrenic polymers market.
In addition, the rise of R&D by manufacturers to test the properties of many styrenic polymers is expected to bring new market opportunities in the forecast period and the growing demand for highly developed and flexible products encourages manufacturers to invest in R&D to develop more innovative products. Therefore, growth in investment in R&D by manufacturers is expected to provide significant opportunities in the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Chevron Phillips Chemical, Bayer Material Science,
- Ovation Polymers, Grupo Dynasol, and Formosa Chemical & Fibre Corporation among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Styrenic Polymers Market Report by Segment
By Product Type
- Polystyrene,
- Acrylonitrile Butadiene Styrene (ABS)
- Styrene Acrylonitrile (SAN)
- Methacrylate Butadiene Styrene (MBS)
- Methyl-Methacrylate Acrylonitrile Butadiene Styrene (MABS)
- Styrene Butadiene Styrene(SBS)
- Styrene Ethylene Butylene Styrene (SEBS)
- Others
By Application
- Building and construction
- Automotive industry
- Medical Packaging
- Medical Containers
Global Styrenic Polymers Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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