Global Styrene Manufacturing Market is Estimated to Reach $88 Billion by 2025, Says Accurize Market Research
Global Styrene Manufacturing Market report published by Accurize Market Research forecast that the global market is expected to reach $88 billion by 2025; growing at a CAGR of 2.9% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Emerging market growth and rapid urbanization mean increasing demand for plastic and rubber consumer durable products to drive the growth of the market
Emerging market growth and rapid urbanization mean increasing demand for plastic and rubber consumer durable products fuel the demand for the global styrene manufacturing market. Furthermore, implementation of sustainable eco-friendly manufacturing practices and improved quality of styrene products also boost the growth of the market.
The global styrene manufacturing market has been bifurcated on the basis of product type, end-user and geography. Product type is segmented into polystyrene, expanded polystyrene, acrylonitrile butadiene styrene, styrene butadiene rubber, unsaturated polyester resins and others. End-user segment is divided intopackaging, construction, consumer goods, automotive, electrical & electronics and others. By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Americas Styrenics, Ashland Inc., Basf Se, Bayer Ag, Chevron Phillips Chemicals Company, Dowdupont, IneosStyrolution Group Gmbh, LgChem, Lyondellbasell Industries Holdings B.V., Mitsubishi Chemicals, Nippon Steel &Sumikin Chemical Co. Ltd, Perlite Construction Co., Shell Chemicals, ShuangliangLeasty Chemical, Sinopec Qingdao Refining Corp. Ltd, Sabic and Total Petrochemicals among others.
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