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Styrene-Global Market Insights and Sales Trends 2024
Synopsis
Styrene, also known by the names of “phenylethene”, “vinyl benzene” or “ethenylbenzene”, is a colorless oily organic compound and a derivative of benzene. Styrene evaporates easily and serves as a precursor to polystyrene and several other copolymers. It occurs naturally in small quantities in different foods and plants and is also found in coal tar.
The global Styrene market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Styrene in various end use industries. The expanding demands from the Packaging and Construction, are propelling Styrene market. Polystyrene, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the EPS segment is estimated at % CAGR for the next seven-year period.
The global demand for styrene has been witnessing high growth on account of the emerging packaging and construction industry which has led to increasing demand for infrastructure facilities and consumer goods, especially in emerging regions such as Asia Pacific. The overall global production of styrene has been relocating to emerging economies, while developed industrialized regions such as Western Europe and the U.S. have considerably reduced their production capacities over the past few years. This trend occurred on account of the previous excessive increase in production at a time when the global demand for styrene rose at less dynamic rates or even declined during the global recession in 2008 - 09. Recent jump in benzene prices have led to various styrene manufacturers increasing the cost of their styrene products. Moreover, the collision of seasonally strong demand and low inventories with reduced styrene supply from propylene oxide/styrene monomer (POSM) facilities has further propelled styrene prices.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Styrene, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Styrene market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Styrene market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Styrene sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Styrene covered in this report include Bayer MaterialScience, CNPC, Dow Chemical, Lyondell Basell Chemical, Nova Chemicals, Shell Chemicals, Americas Styrenics, BASF and Chevron Phillips Chemical, etc.
The global Styrene market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bayer MaterialScience
CNPC
Dow Chemical
Lyondell Basell Chemical
Nova Chemicals
Shell Chemicals
Americas Styrenics
BASF
Chevron Phillips Chemical
LG Chem
Mitsubishi Chemical
Global Styrene market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Styrene market, Segment by Type:
Polystyrene
EPS
ABS
SBR
UPR
Thermoplastic Elastomers
Others
Global Styrene market, by Application
Packaging
Construction
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Styrene manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Styrene in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Styrene, also known by the names of “phenylethene”, “vinyl benzene” or “ethenylbenzene”, is a colorless oily organic compound and a derivative of benzene. Styrene evaporates easily and serves as a precursor to polystyrene and several other copolymers. It occurs naturally in small quantities in different foods and plants and is also found in coal tar.
The global Styrene market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Styrene in various end use industries. The expanding demands from the Packaging and Construction, are propelling Styrene market. Polystyrene, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the EPS segment is estimated at % CAGR for the next seven-year period.
The global demand for styrene has been witnessing high growth on account of the emerging packaging and construction industry which has led to increasing demand for infrastructure facilities and consumer goods, especially in emerging regions such as Asia Pacific. The overall global production of styrene has been relocating to emerging economies, while developed industrialized regions such as Western Europe and the U.S. have considerably reduced their production capacities over the past few years. This trend occurred on account of the previous excessive increase in production at a time when the global demand for styrene rose at less dynamic rates or even declined during the global recession in 2008 - 09. Recent jump in benzene prices have led to various styrene manufacturers increasing the cost of their styrene products. Moreover, the collision of seasonally strong demand and low inventories with reduced styrene supply from propylene oxide/styrene monomer (POSM) facilities has further propelled styrene prices.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Styrene, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Styrene market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Styrene market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Styrene sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Styrene covered in this report include Bayer MaterialScience, CNPC, Dow Chemical, Lyondell Basell Chemical, Nova Chemicals, Shell Chemicals, Americas Styrenics, BASF and Chevron Phillips Chemical, etc.
The global Styrene market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bayer MaterialScience
CNPC
Dow Chemical
Lyondell Basell Chemical
Nova Chemicals
Shell Chemicals
Americas Styrenics
BASF
Chevron Phillips Chemical
LG Chem
Mitsubishi Chemical
Global Styrene market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Styrene market, Segment by Type:
Polystyrene
EPS
ABS
SBR
UPR
Thermoplastic Elastomers
Others
Global Styrene market, by Application
Packaging
Construction
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Styrene manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Styrene in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Styrene Market Overview
1.1 Styrene Product Overview
1.2 Styrene Market Segment by Type
1.2.1 Polystyrene
1.2.2 EPS
1.2.3 ABS
1.2.4 SBR
1.2.5 UPR
1.2.6 Thermoplastic Elastomers
1.2.7 Others
1.3 Global Styrene Market Size by Type
1.3.1 Global Styrene Market Size Overview by Type (2018-2029)
1.3.2 Global Styrene Historic Market Size Review by Type (2018-2023)
1.3.3 Global Styrene Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Styrene Sales Breakdown by Type (2018-2023)
1.4.2 Europe Styrene Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Styrene Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Styrene Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Styrene Sales Breakdown by Type (2018-2023)
2 Global Styrene Market Competition by Company
2.1 Global Top Players by Styrene Sales (2018-2023)
2.2 Global Top Players by Styrene Revenue (2018-2023)
2.3 Global Top Players by Styrene Price (2018-2023)
2.4 Global Top Manufacturers Styrene Manufacturing Base Distribution, Sales Area, Product Type
2.5 Styrene Market Competitive Situation and Trends
2.5.1 Styrene Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Styrene Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Styrene as of 2022)
2.7 Date of Key Manufacturers Enter into Styrene Market
2.8 Key Manufacturers Styrene Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Styrene Status and Outlook by Region
3.1 Global Styrene Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Styrene Historic Market Size by Region
3.2.1 Global Styrene Sales in Volume by Region (2018-2023)
3.2.2 Global Styrene Sales in Value by Region (2018-2023)
3.2.3 Global Styrene Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Styrene Forecasted Market Size by Region
3.3.1 Global Styrene Sales in Volume by Region (2024-2029)
3.3.2 Global Styrene Sales in Value by Region (2024-2029)
3.3.3 Global Styrene Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Styrene by Application
4.1 Styrene Market Segment by Application
4.1.1 Packaging
4.1.2 Construction
4.2 Global Styrene Market Size by Application
4.2.1 Global Styrene Market Size Overview by Application (2018-2029)
4.2.2 Global Styrene Historic Market Size Review by Application (2018-2023)
4.2.3 Global Styrene Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Styrene Sales Breakdown by Application (2018-2023)
4.3.2 Europe Styrene Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Styrene Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Styrene Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Styrene Sales Breakdown by Application (2018-2023)
5 North America Styrene by Country
5.1 North America Styrene Historic Market Size by Country
5.1.1 North America Styrene Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Styrene Sales in Volume by Country (2018-2023)
5.1.3 North America Styrene Sales in Value by Country (2018-2023)
5.2 North America Styrene Forecasted Market Size by Country
5.2.1 North America Styrene Sales in Volume by Country (2024-2029)
5.2.2 North America Styrene Sales in Value by Country (2024-2029)
6 Europe Styrene by Country
6.1 Europe Styrene Historic Market Size by Country
6.1.1 Europe Styrene Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Styrene Sales in Volume by Country (2018-2023)
6.1.3 Europe Styrene Sales in Value by Country (2018-2023)
6.2 Europe Styrene Forecasted Market Size by Country
6.2.1 Europe Styrene Sales in Volume by Country (2024-2029)
6.2.2 Europe Styrene Sales in Value by Country (2024-2029)
7 Asia-Pacific Styrene by Region
7.1 Asia-Pacific Styrene Historic Market Size by Region
7.1.1 Asia-Pacific Styrene Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Styrene Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Styrene Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Styrene Forecasted Market Size by Region
7.2.1 Asia-Pacific Styrene Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Styrene Sales in Value by Region (2024-2029)
8 Latin America Styrene by Country
8.1 Latin America Styrene Historic Market Size by Country
8.1.1 Latin America Styrene Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Styrene Sales in Volume by Country (2018-2023)
8.1.3 Latin America Styrene Sales in Value by Country (2018-2023)
8.2 Latin America Styrene Forecasted Market Size by Country
8.2.1 Latin America Styrene Sales in Volume by Country (2024-2029)
8.2.2 Latin America Styrene Sales in Value by Country (2024-2029)
9 Middle East and Africa Styrene by Country
9.1 Middle East and Africa Styrene Historic Market Size by Country
9.1.1 Middle East and Africa Styrene Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Styrene Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Styrene Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Styrene Forecasted Market Size by Country
9.2.1 Middle East and Africa Styrene Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Styrene Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Bayer MaterialScience
10.1.1 Bayer MaterialScience Company Information
10.1.2 Bayer MaterialScience Introduction and Business Overview
10.1.3 Bayer MaterialScience Styrene Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bayer MaterialScience Styrene Products Offered
10.1.5 Bayer MaterialScience Recent Development
10.2 CNPC
10.2.1 CNPC Company Information
10.2.2 CNPC Introduction and Business Overview
10.2.3 CNPC Styrene Sales, Revenue and Gross Margin (2018-2023)
10.2.4 CNPC Styrene Products Offered
10.2.5 CNPC Recent Development
10.3 Dow Chemical
10.3.1 Dow Chemical Company Information
10.3.2 Dow Chemical Introduction and Business Overview
10.3.3 Dow Chemical Styrene Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Dow Chemical Styrene Products Offered
10.3.5 Dow Chemical Recent Development
10.4 Lyondell Basell Chemical
10.4.1 Lyondell Basell Chemical Company Information
10.4.2 Lyondell Basell Chemical Introduction and Business Overview
10.4.3 Lyondell Basell Chemical Styrene Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Lyondell Basell Chemical Styrene Products Offered
10.4.5 Lyondell Basell Chemical Recent Development
10.5 Nova Chemicals
10.5.1 Nova Chemicals Company Information
10.5.2 Nova Chemicals Introduction and Business Overview
10.5.3 Nova Chemicals Styrene Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nova Chemicals Styrene Products Offered
10.5.5 Nova Chemicals Recent Development
10.6 Shell Chemicals
10.6.1 Shell Chemicals Company Information
10.6.2 Shell Chemicals Introduction and Business Overview
10.6.3 Shell Chemicals Styrene Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Shell Chemicals Styrene Products Offered
10.6.5 Shell Chemicals Recent Development
10.7 Americas Styrenics
10.7.1 Americas Styrenics Company Information
10.7.2 Americas Styrenics Introduction and Business Overview
10.7.3 Americas Styrenics Styrene Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Americas Styrenics Styrene Products Offered
10.7.5 Americas Styrenics Recent Development
10.8 BASF
10.8.1 BASF Company Information
10.8.2 BASF Introduction and Business Overview
10.8.3 BASF Styrene Sales, Revenue and Gross Margin (2018-2023)
10.8.4 BASF Styrene Products Offered
10.8.5 BASF Recent Development
10.9 Chevron Phillips Chemical
10.9.1 Chevron Phillips Chemical Company Information
10.9.2 Chevron Phillips Chemical Introduction and Business Overview
10.9.3 Chevron Phillips Chemical Styrene Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Chevron Phillips Chemical Styrene Products Offered
10.9.5 Chevron Phillips Chemical Recent Development
10.10 LG Chem
10.10.1 LG Chem Company Information
10.10.2 LG Chem Introduction and Business Overview
10.10.3 LG Chem Styrene Sales, Revenue and Gross Margin (2018-2023)
10.10.4 LG Chem Styrene Products Offered
10.10.5 LG Chem Recent Development
10.11 Mitsubishi Chemical
10.11.1 Mitsubishi Chemical Company Information
10.11.2 Mitsubishi Chemical Introduction and Business Overview
10.11.3 Mitsubishi Chemical Styrene Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Mitsubishi Chemical Styrene Products Offered
10.11.5 Mitsubishi Chemical Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Styrene Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Styrene Industrial Chain Analysis
11.4 Styrene Market Dynamics
11.4.1 Styrene Industry Trends
11.4.2 Styrene Market Drivers
11.4.3 Styrene Market Challenges
11.4.4 Styrene Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Styrene Distributors
12.3 Styrene Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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