The Report “Global Polystyrene Market by Application (Packaging, Electronics, Appliances, Construction, Others), by Region - Forecast to 2019” is expected to reach $28,246.0 million by 2019, at a CAGR of 5.1%, from 2014 to 2019.
Browse through the TOC of the Global Polystyrene Market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the market segmentation, globally, and is supported by various tables and figures.
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The increasing rate of industrialization and globalization across the globe has resulted in an increased demand for polystyrene in various industry verticals, including packaging, electronics, and construction, among others. Asia-Pacific and Africa are expected to be among the faster-growing markets for polystyrene in the coming years.
The Asia-Pacific region is expected to dominate this market with its growing demand for formic acid in different applications, especially the agriculture, leather & textiles, and rubber industries. The Asia-Pacific segment is projected to grow at a CAGR of 5.6% during the forecast period of 2014 to 2019. North America is expected to be the second-largest market for polystyrene, globally, throughout the given forecast period.
Manufacturing companies, associations, and end-product manufacturers are investing heavily for future advancements and technology modifications of polystyrene, in order to cater to the rising demands from various end-user verticals. The packaging and insulation industries are in their growth phases globally, and are expected to dominate the global demand for polystyrene in the coming years.
China, India, the U.S., Germany, and Brazil are expected to be the largest polystyrene markets in the world, during the given forecast period. The key players in the global polystyrene market are BASF SE (Germany), Styrolution Group (Germany), Videolar S/A (Sao Paulo), SABIC (Saudi Arabia), and Formosa Plastic Corporation (Taiwan), among others.
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