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The Global Styrenic Polymers Market Growing Demand for Lightweight Automobiles are Drives Growth During Forecast Period.
NEW YORK CITY, NEW YORK, UNITED STATES, August 2, 2022 /EINPresswire.com/ -- The latest market analysis report presented by Reports and Data is titled ‘Global Styrenic Polymers Market.’ The report provides a comprehensive view of the Styrenic Polymers market, including in-depth information about the key market segments and sub-segments. In this report, our team of market researchers has highlighted the key market dynamics such as market revenue growth drivers, restraints, trends, opportunities, supply & demand ratios, shifting consumer tastes & preferences, changing production & consumption patterns, and technological breakthroughs. Key challenges and barriers to industry growth, such as stringent government regulations and policies and potential market threats and risks, have also been assessed in the report. The latest report offers quantitative and qualitative market insights, and hence, highlights the industry annual sales, regional outlook, and industry statistics.
The global styrene polymer market was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are replacement of metallic parts with styrene polymers in various industries, high demand for lightweight automobiles, and stringent emission regulations worldwide. Besides, styrene polymer is being extensively used in electronic appliances, automotive, construction, packaging, and consumer goods industries.
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Styrene polymers are produced by polymerizing styrene compounds and monomers, such as butadiene and acrylonitrile. They have numerous properties, such as UV stability, scratch resistance, excellent weather ability, and high impact strength. They are majorly used in the manufacturing of a wide variety of sports & recreational equipment, household goods, durable lightweight packaging products, automobile parts, boats, kitchen appliances, automobile parts, and consumer electronics.
Total SA BASF SE Lanxess AG SABIC Dow Chemical Company Chi Mei Corporation LG Chem. Limited Chevron Philips Chemical Company and Styron LLC
Key Factors Driving the Global Materials & Chemicals Market Growth
Styrene polymers are mainly preferred over conventional metals and polymers, owing to increasing environmental concerns. The healthcare sector across the globe is looking for polymer-based medical equipment, which, in, turn, is expected to boost the styrenic polymers market growth in the near future. This material is more attractive, cost-effective, and lightweight. They also provide better aesthetics, design versatility, and easy disposability. Rising demand for lightweight materials from the consumer goods industry is expected to contribute to the revenue growth of the styrenic polymers market.
Moreover, styrenic polymers are being extensively used for the manufacturing of medical devices, such as tubes, dialysis solutions, blood bags, and IV fluid storages. Besides, ongoing R&D activities by manufacturers to explore more properties of styrenic polymers and increasing demand for thermoplastic elastomers from the healthcare industry are projected to create new market opportunities over the forecast period.
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico) Europe (Italy, U.K., Germany, France, Rest of Europe) Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific) Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Product Type Outlook (Revenue, USD Million, 2018 - 2028)
Polystyrene (PS) Expandable Polystyrene (EPS) Acrylonitrile Butadiene Styrene (ABS) Unsaturated Polyester Resins (UPR) Styrene-butadiene Rubber (SBR)
End-use Outlook (Revenue, USD Million, 2018 - 2028)
Automotive Building & Construction Consumer Goods Medical Wind Energy Marine Accessories
Frequently Asked Questions Addressed in the Report:
What is the estimated market revenue growth over the forecast period? What are the major factors driving the global Styrenic Polymers market revenue growth? Which regional market is expected to account for the largest revenue share in the global Styrenic Polymers market over the forecast years? Which are the leading players in the global Styrenic Polymers market? What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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