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Specialty Polystyrene Resin Market Share

Report ID: GMI7435
Published Date: Nov 2023
Report Format: PDF

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Specialty Polystyrene Resin Market Share

Major players operating in the specialty polystyrene resin industry include:

Styron (Dow)
INEOS Styrolution
SABIC
LG Chem
Braskem
TotalEnergies
Sinopec
China Petrochemical Corporation (Sinopec)
BASF
ExxonMobil
Formosa Plastics Corporation
Asahi Kasei
Mitsubishi Chemical Corporation
Toray Industries
Sumitomo Chemical

Styron (Dow), and INEOS Styrolution have captured substantial market shares in the Asia pacific market, driven by companies in the Asia-Pacific region, driven by the surging demand for specialty polystyrene resin products, particularly in China and India. The Asia-Pacific region, the world's largest specialty polystyrene resin industry, is poised for continued growth due to rapid economic development, urbanization, and increasing demand across industries such as nuclear power, chemicals, ceramics, and aerospace. As leading producers, Styron (Dow), and INEOS Styrolution are well-positioned to cater to this escalating demand in the region.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for specialty polystyrene resin was valued at around USD 122.8 million in 2022 and is estimated to reach USD 157.2 million by the end of 2032 as the product is gaining grounds in the electronics industry across lightweight and high-performance applications.

Protective packaging segment share was around 59% in 2022 and is expected to grow at a lucrative pace by 2032 due to the growing demand for efficient and sustainable packaging solutions fueled by the rise in e-commerce.

U.S. specialty polystyrene resin industry share was USD 36.8 million in 2022 and is anticipated to expand at a significant pace from 2023-2032 due to the significant shift towards eco-friendly options for packaging, as consumers become more environmentally conscious.

Styron (Dow), INEOS Styrolution, SABIC, LG Chem, Braskem, TotalEnergies, Sinopec, China Petrochemical Corporation (Sinopec), BASF, ExxonMobil, Formosa Plastics Corporation, Asahi Kasei, Mitsubishi Chemical Corporation, Toray Industries, and Sumitomo Chemical.