Global Styrenic Polymers Market Size By Product, By Application, By Geographic Scope And Forecast
Styrenic Polymers Market Size And Forecast
Styrenic Polymers Market was valued at USD 2.96 Billion in 2019 and is projected to reach USD 5.01 Billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027.
Global Styrenic Polymers Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Innovations in products, increase in use of styrenic polymers in the automotive industry and the demand for plastics in this industry is swelling owing to rising concerns over the reduction of the total weight of automobiles and thus meet the stringent production regulations are some factors expected to boost the growth of global styrenic polymers market. In addition, mounting popularity of the styrenic polymers in medical applications for the production of surgical instruments, portable medical devices, liquid containers, connector tubes, and bags projected to fuel the market growth. However, growing health and environmental concerns owing to use of styrene and adoption of other resins as alternative to Unsaturated Polyester Resin (UPR) are anticipated to hamper the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Styrenic Polymers Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Styrenic Polymers Market Competitive Landscape
The Global Styrenic Polymers Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF, Lanxess AG, SABIC, Total S.A., The Dow Chemical Company, Chevron Philips Chemical Company, Chi Mei Corporation, Nova Chemicals Corporation, Asahi Kasei Corporation and Styron LLC.
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