Specialty Polystyrene Resin Market: Summary
The Global Specialty Polystyrene Resin Market is projected to reach a value of over USD 137.4 billion by 2027 at a CAGR of around 2.3%.
Specialty polystyrene resin is a lightweight material and is composed of individual cells of low-density polystyrene. Its cells are not cross-linked, making them ideal for protection function. Thus, it is remarkably used in wide range of packaging and building & construction applications such as insulation, structural insulated panels, insulated concrete forms, roofing isolation systems, sheathing, and decorative modeling.
Specialty Polystyrene Resin Market: Drivers & Challenges
- Growing Demand from End-use Industries
Specialty polystyrene resin is widely used as a protection material for various applications includes electrical & electronics, healthcare, and packaging. It is one of the versatile types of polymer foam with good mechanical and physical strength, thus, it is considered as the best packaging option for high-value heavy products and industrial products, which are entirely protected and safe from transportation as well as handling risks. The pharmaceutical breakable products, electronics components, consumer electronic products, and toys require trustable packaging to avoid damage and specialty polystyrene resin is the finest option.
Due to the versatile properties, it is used in a variety of applications such as packaging and insulation, which is fueling the market growth.
- Volatility of Raw Material Prices
Raw materials used for manufacturing specialty polystyrene resin are obtained from petroleum products. Continuously varying petroleum product prices due to the supply & demand gap, natural disasters, and politics influence the price of the finished products. Moreover, the production cost and storage can also cause oil prices to rise and fall as well.
Therefore, volatility in raw materials cost is a key restraining factor to market growth.
Specialty Polystyrene Resin Market: Key Segments
- Segmentation based on function: Protection, Insulation, Cushioning, and Others
- Segmentation based on application: Protective Packaging, Building & Construction, Automotive & Transportation, Electrical & Electronics, Healthcare, and Others
- Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.
Specialty Polystyrene Resin Market: Report Scope
The report on the specialty polystyrene resin market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2020-2027 (2020 estimated year, forecasted up to 2027)
Value (USD Million) and Volume (Kiloton)
Function and Application
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa
KEY Companies Covered
- BASF SE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Eastman Chemical Company
- Versalis S.p.A.
- Sekisui Chemical Co., Ltd.
- LG Chem
- SUNPOR Kunststoff GmbH
- NOVA Chemicals Corporate
- Alpek S.A.B. de C.V.
- Polysource Inc
- RING Companies
- Knauf Industries
- "Taita Chemical Co., Ltd."
- Jackon GmbH
- Other Key Companies
Specialty Polystyrene Resin Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Specialty Polystyrene Resin Market, by Function
Specialty Polystyrene Resin Market, by Application
- Protective Packaging
- Building & Construction
- Automotive & Transportation
- Electrical & Electronics
Specialty Polystyrene Resin Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Specialty Polystyrene Resin Market Providers
- Specialty Polystyrene Resin Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Specialty Polystyrene Resin Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Specialty Polystyrene Resin MARKET STUDY