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Global Styrenics Market 2017-2021

Global Styrenics Market 2017-2021

About Styrenics

Styrenics belong to the family of plastic products and use styrene as the key building block. Styrenics can easily be processed over a varied temperature range above its softening point. This is due to its amorphous structure. Except for moderately crystalline polymers including polyethylene, polypropylene, polyamides, and polyesters, styrenic polymers (excluding iso-tactic and syndio- polystyrene) do not exhibit different melting points. Hence, no thermal energy for melting of polymeric crystals is required during processing.

Technavio’s analysts forecast the global styrenics market to grow at a CAGR of 4.81% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global styrenics market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Styrenics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Sinopec
  • Covestro
  • LyondellBasell Industries Holdings
  • Synthos
  • Total
Other prominent vendors
  • Alpek
  • Americas Styrenics
  • Asahi Kasei
  • BASF
  • DSM
  • SABIC
  • SIBUR
Market driver
  • High growth in wind energy applications of UPR
  • For a full, detailed list, view our report
Market challenge
  • Availability of high-performance substitutes
  • For a full, detailed list, view our report
Market trend
  • Emerging economies and infrastructural development
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Styrenics Market 2017-2021

Technavio recognizes the following companies as the key players in the global styrenics market: Sinopec, Covestro, LyondellBasell Industries Holdings, Synthos, and Total.

Other Prominent Vendors in the market are: Alpek, Americas Styrenics, Asahi Kasei, BASF, DSM, SABIC, and SIBUR.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emerging economies and infrastructural development. The emerging economies are focusing on infrastructural developments and long-term projects. China, India, Brazil, and countries in the Middle East are likely to increase their expenses in the infrastructure segment in the coming years. China continues to maintain its position as the leading market for styrenics resins in terms of consumption and production in the world. The country is expected to experience substantial growth in the styrenics market during the forecast period. This is due to the rising investment in infrastructural development and construction projects.”

According to the report, one of the major drivers for this market is high growth in wind energy applications of UPR. UPR is used to manufacture wind blades, nacelles, rotors, and other products. These resins have varied advantages like low process and fast curing time against traditionally used epoxy resin. The usage of these resins during the manufacturing process improves energy efficiency and reduces cost by about 35%-40%. The manufacture of wind blades is a major application of UPR in the wind energy sector. UPR is preferred over epoxy resins for blade manufacturing due to the price advantage that it offers for a similar set of properties.

Further, the report states that one of the major factors hindering the growth of this market is Availability of high-performance substitutes. The availability of substitutes such as epoxy, vinyl ester, acrylic, and polyurethane resins restricts the growth of the market. Vinyl ester is resistant to moisture and offers commercial barrier coating and corrosion resistance. Its mechanical and thermal properties are better than styrenics. Hence, the acceptance of epoxy, vinyl ester, acrylic, and polyurethane resins is becoming a restraint for the growth of the global styrenics market.



Companies Mentioned

Sinopec, Covestro, LyondellBasell Industries Holdings, Synthos, Total, Alpek, Americas Styrenics, Asahi Kasei, BASF, DSM, SABIC, and SIBUR.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Outlook
  • Market landscape
    • Market size and forecast
      • Table Global styrenics market 2016 and 2021 (thousand metric tons)
      • Table Forecast for global styrenics market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global styrenics market by type
      • Table Global styrenics market by type 2016 (% share)
      • Table Global styrenics market by type 2021 (% share)
    • Global PS market
      • Table Global PS market 2016 and 2021 (thousand metric tons)
      • Table Forecast for global PS market 2016-2021 (thousand metric tons)
    • Global EPS market
      • Table Global EPS market 2016 and 2021 (thousand metric tons)
      • Table Forecast for global EPS market 2016-2021 (thousand metric tons)
    • Global ABS and SAN market
      • Table Global ABS and SAN market 2016 and 2021 (thousand metric tons)
      • Table Forecast for Global ABS and SAN market 2016-2021 (thousand metric tons)
      • Table Application areas of ABS and SAN
    • Global SBR market
      • Table Global SBR market 2016 and 2021 (thousand metric tons)
      • Table Forecast for global SBR market 2016-2021 (thousand metric tons)
    • Global UPR market
      • Table Global UPR market 2016 and 2021 (thousand metric tons)
      • Table Forecast for global UPR market 2016-2021 (thousand metric tons)
    • Global other styrenics market
      • Table Global other styrenics market 2016 and 2021 (thousand metric tons)
      • Table Forecast for global other styrenics market 2016-2021 (thousand metric tons)
  • Geographical segmentation
    • Global styrenics market by geography
      • Table Global styrenics market: Segmentation by geography 2016 (% share)
      • Table Global styrenics market: Segmentation by geography 2021 (% share)
    • Styrenics market in APAC
      • Table Styrenics market in APAC 2016 and 2021 (thousand metric tons)
      • Table Forecast for styrenics market in APAC 2016-2021
    • Styrenics market in Europe
      • Table Styrenics market in Europe 2016 and 2021 (thousand metric tons)
      • Table Forecast for styrenics market in Europe 2016-2021
    • Styrenics market in North America
      • Table Styrenics market in North America 2016 and 2021 (thousand metric tons)
      • Table Forecast for styrenics market in North America 2016-2021
    • Styrenics market in ROW
      • Table Styrenics market in ROW 2016 and 2021 (thousand metric tons)
      • Table Forecast for styrenics market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global motor vehicle sales 2015-2020 (millions of units)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Emerging economies and infrastructural development
    • Innovative products and applications of styrenics
    • Rising trend toward sustainable production
    • Shift in manufacturing facilities from west to east
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
    • Major market vendors
      • Table Global styrenics market: Major vendors
  • Key vendor analysis
    • Sinopec
      • Table Sinopec: Business segmentation by revenue 2016 (% share)
      • Table Sinopec: Geographical segmentation by revenue 2016 (% share)
    • Covestro
      • Table Covestro: Business segment by revenue 2016 (% share)
      • Table Covestro: Business segmentation by revenue 2016 (% share)
    • LyondellBasell Industries Holdings
      • Table LyondellBasell Industries Holdings: Business segmentation by revenue 2016 (% share)
      • Table LyondellBasell Industries Holdings: Geographical segmentation by revenue 2016 (% share)
    • Synthos
      • Table Synthos: Business segmentation by revenue 2016 (% share)
    • Total
      • Table Total: Business segmentation by revenue 2016 (% share)
      • Table Total: Geographical segmentation by revenue 2016 (% share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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