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South America Polystyrene (PS) Market - Segmentation by Product Type, End-use Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

South America Polystyrene (PS) Market - Segmentation by Product Type, End-use Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The demand for South America Polystyrene (PS) market was valued at USD 1.3 billion in 2017 and is expected to expand at a CAGR of 4.70%, during 2018 - 2023. Polystyrene (PS) is one of the multipurpose polymers available for a variety of applications. It has found various application areas across a wide range of industries due to its lightweight, rigidity, and thermal and acoustic insulating properties.

Growth in End-user Industries

The PS market in South America is expected to grow at a moderate pace with the growth of automotive, construction, electronics, and medical device industries. Brazil is expected to be growing due to the automotive industry and heavy industrial activities, since Brazil is an emerging economy. Brazil being the third major aerospace manufacturer in the world opens up major opportunities in the PS market, as aerospace is one of the major industries the uses PS. Also, use of PS in packaging has increased in Argentina. The Brazilian government is investing heavily in the R&D sector, with public universities and research institutes carrying out such activities, thus, further driving the PS market in the region.

Packaging – The Fastest Growing Segment by Usage

Packaging is the fastest growing end-user segment and is expected to expand at a CAGR of 4.70%, during the forecast period. Use of PS in the packaging sector has increased enormously in Argentina. PS is widely used for packaging egg trays, fast foods, meats at butcheries, fish, poultry, vegetables, and cold drinks and warm beverages. Due to the sanitation qualities of polystyrene, the food packaged will not spoil easily as can be the case with cardboard packaging. The food can be stored in the refrigerator and transported. PS is also perfect for disposable usage. Liquid cartons are one of the largest growing packaging applications, owing to an increase in alcoholic and non-alcoholic beverages and food consumption. Additionally, changing lifestyles and increasing popularity of packaged food is promoting the growth of the market.



Argentina to Lead the Market

Argentina is the fastest growing country and is expected to expand at a CAGR of 4.63%, during the forecast period. The economy of the country is in its stage of growth owing to the support of the government. The government has also cut taxes on new cars to boost sales, thus, driving the automotive industry. Brazil and Argentina have also extended their trade free agreement for exports & imports of automotive and its parts. This is expected to give major benefit to the Argentine automotive industry.

Major Players: BASF SE, SABIC, Formosa Plastics, DowDuPont and Nova Chemicals, among others.

Reasons to Purchase this Report

To understand the impact of end-user applications on the market

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

Countries expected to witness the fastest growth during the forecast period

Identifying the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction
1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand in Developing Economies
4.1.2 Cost-effectiveness
4.1.3 Growth in End-user Industries
4.2 Restraints
4.2.1 Increasing Environmental and Health Concerns
4.3 Opportunities
4.3.1 Innovative Product Approaches by Companies
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 Foams
5.1.2 Composites
5.1.3 Expanded Polystyrene
5.1.4 Fibers
5.1.5 Films & Sheets
5.1.6 Others
5.2 By End-user Industry
5.2.1 Packaging
5.2.2 Building & Construction
5.2.3 Electrical & Electronics
5.2.4 Consumer Goods
5.2.5 Others
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Brazil
6.2 Argentina
6.3 Rest of South America
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis***
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
8.1 BASF SE
8.2 Covestro
8.3 DowDuPont
8.4 SABIC
8.5 Lanxess AG
8.6 Total S.A.
8.7 Formosa Plastics Group
8.8 Americas Styrenics
8.9 INEOS Styrolution
8.10 Zhenjiang Chimei Chemical Co., Ltd
8.11 PS Japan Corporation
8.12 Trinseo LLC
8.13 TOTAL Gestion USA
8.14 Ineos Nova LLC
8.15 Total Petrochemicals
8.16 Owens Corning
8.17 Nova Chemical Corporaton
*List not exhaustive
9. Disclaimer
**Subject to availability on public domain

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