May 7, 2019
The catalyzed investments in the building and construction industry of the GCC, the U.S., and European nations have intensified the need for high-quality HVAC systems.
Pune, india - May 7, 2019 /MarketersMedia/ —
Market Synopsis:
Polystyrene is likely to observe a drastic rise in demand from different domains owing to its thermal stability and compressive strength. According to a study conducted by Market Research Future (MRFR), the global polystyrene market has been projected to scale a CAGR of 4.87% during the projection period 2018 to 2023. The report suggests that the global market is forecasted to grow from USD 24,926.7 Mn in 2017 to USD 33,160.6 Mn by 2023-end.
Proliferating applications across different industry verticals such as packaging, consumer electronics, construction, etc. are poised to catapult the polystyrene market on an upward trajectory. The growth of the construction industry In the Middle East region is poised to dictate the growth pattern of the market in the years to come. Similarly, the economic development of Asia Pacific is expected to open new avenues of growth for the participants of the polystyrene market. The growth of the end-user industries is anticipated to reflect on the growth trajectory of the market over the next couple of years.
Get FREE Sample Now@ https://www.marketresearchfuture.com/sample_request/2545
Market Segmentation:
The market is studied in detail on the basis of type, application, and end-user industry. By type, the polystyrene market has been segmented into general-purpose polystyrene (GPPS), expandable polystyrene (EPS), extruded polystyrene (XPS), high-impact polystyrene (HIPS), and others. Among these, the expandable polystyrene (EPS) segment is anticipated to strike a CAGR of 5.5% over the review period owing to excessive demand for EPS foam from different domains. The segment has been forecasted to account for the maximum market share in the foreseeable future.
The global polystyrene market, by application, has been segmented into HVAC insulation, rigid packaging, seating, flexible packaging, and others. The HVAC segment has been projected to grow substantially over the next couple of years due to increasing demand for refrigeration, HVAC insulations, and air conditioning systems.
On the basis of end-user industry, the global polystyrene market has been segmented into packaging, building and construction, electronics, consumer goods and appliances, and others. The rising need for durable food packaging material is likely to encourage the growth of the packaging segment which is poised to thrive at 5.14% during the assessment period. It is prognosticated to retain its forefront position in the years to come. Also, the building and construction segment is expected to exhibit tremendous potential and secure the second spot in the marketplace.
Regional Analysis:
By region, the global Polystyrene Market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). Asia Pacific is anticipated to retain its dominant position in the global marketplace through the assessment period. The growth is likely to be motivated by the boom witnessed in the automotive sector. The boosted sales of electric and lightweight vehicles is prognosticated to favor the expansion of the polystyrene market in the region. In addition, the Middle East & Africa is expected to exhibit a steep rise in the growth curve reflecting a CAGR of 6.2% over the forecast period.
Competitive Dashboard:
The important players that have a significant role to play in the development of the global polystyrene market are SABIC, Alpek SAB De CV, Trinseo, Chi Mei Corporation, Innova, INEOS Styrolution Group GmbH, ACH Foam Technologies, Inc., BASF SE, Kumho Petrochemical, Formosa Chemical & Fibre Corp., and Total.
Industry News:
In April 2019, Americas Styrenics, a leading integrated producer of polystyrene, has entered into a joint venture, Regenyx LLC, with Agilyx, a leader in the recycling of waste plastics and polymers. The venture is aimed at the conversion of polystyrene products back to styrene monomer, their original liquid form.
Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Website: https://www.marketresearchfuture.com/reports/polystyrene-market-2545
Source: MarketersMedia
Release ID: 509853
Spain’s state-owned shipbuilder Navantia is in exclusive talks to buy the Belfast-based shipyard.
"Cybersecurity is no longer a weapon of mass disruption but of mass destruction, because it can kill lives," said Aloysius Cheang, Huawei's president of Cybersecurity & Privacy Protection and chief security officer for the Middle East and Central Asia, stressing the increasingly dangerous nature of cyberattacks.
China's economy has continued to improve and made steady progress in high-quality development, amidst a complex and ever-evolving international landscape.
China's yuan-denominated loans rose by 16.02 trillion yuan (about $2.27 trillion) in the first three quarters of the year. The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 6.8 percent year on year to 309.48 trillion yuan at the end of September.
On September 26, the Political Bureau of the Central Committee of the Communist Party of China convened a meeting to analyze the current economic situation and outline the next steps for economic work. This meeting not only signaled a shift in China's macroeconomic policy but also showed the country's confidence in achieving its annual economic and social development goals, rallying the entire society to drive sustained economic recovery and improvement.
A draft law on China's private sector promotion was released to solicit public opinions last week, marking a significant milestone in the construction of a law-based business environment in China.
The vice president has repeatedly incorporated suggestions from business executives into her economic agenda.
Assurances from government officials on plans to strengthen the private sector offset a lack of specifics about economic stimulus.
China's foreign trade surged robustly in the first three quarters of 2024, surpassing the 32 trillion yuan ($4.44 trillion) mark for the first time during this period.
Revolut was named in more complaints about fraud last year than any of the UK’s biggest banks or e-money services.
TSMC 3rd-quarter profit to jump by 40% amid rising chip demand
It is a reanimation story strange enough for a zombie movie, made possible by the fact that the original George trademark lapsed, only to be secured by a conservative lawyer.
The memoir, which will cover his time in prison and Russia’s move toward autocracy, will be published by Crown, an imprint of Penguin Random House.
In Panna, families hunt for diamonds hoping to strike rich and escape the cycle of poverty.
The South Caucasus nation of Georgia has a huge used car market, with many vehicles finding their way over the border.
The deli-meat company made its owners fabulously wealthy. But they have remained silent, even as the company faces the biggest scandal in its history.
The BBC's Pallab Ghosh explores why this world first test is a big deal for space exploration.
The U.S. Consumer Product Safety Commission announced the recall, which one of its commissioners said was “doomed to fail.”
Under the expansionist leadership of its commissioner, the National Football League is growing richer and richer. So, too, is Mr. Goodell.
Pakistan hosting SCO meeting is a turning point for regional diplomacy
Companies like Amazon have required a return to the office five days a week despite findings showing benefits to employers that allow some remote days.
The boss of the UK's biggest lender says mortgage costs are unlikely to fall to levels seen in the past decade.
Here is how the chancellor could choose to tweak the government's borrowing rules to free up more cash.
A £1bn investment will take place, despite a row with the owner of P&O Ferries, says the business secretary.
Placing a high value on personal growth, millennials and Gen Z appear more likely than older generations to make hobbies and nonessential purchases a spending priority.
When there are men in the room, a female colleague is made to feel invisible.
When independent movies like “Rosemead” travel to a state for tax incentives, they save money but add creative challenges.
China's consumer prices rose moderately in September. Experts say that market demand is set to rise following the introduction of powerful new policies aimed at stimulating the economy.
A commission denied a request to increase the number of rocket launches on the state’s central coast, citing environmental concerns.
A rating agency’s warning about the country’s ballooning debt comes as the prime minister tries to push an austerity budget through a divided Parliament.
Once the largest city in the U.S. to declare bankruptcy, this Midwestern metropolis is now thriving. But some obstacles still remain.
China's economic policy shift can be viewed through three keywords: passion, patience and perseverance.
It had been feared they might pull out after Transport Secretary Louise Haigh criticised the ferry firm and urged consumers to boycott the company.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.