Total SA (France) took a strong step to capture the expanding polystyrene market in China. The company opened a 200KT polystyrene plant in the country, to strengthen its presence in the Asia-Pacific polystyrene market. China holds the largest share of the polystyrene market in the Asia-Pacific region. This large share of China is attributed to various factors, such as technological superiority, cheap labor, growth of the plastic and rubber industries; and the extensive use of polystyrene in various industries.
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The trend of shifting production facilities to Asia-Pacific region is speeding up with the opening of the major economies of the region. Polystyrene is a very commonly used product and is demanded by almost all manufacturing facilities for various purposes such as consumption, industrial applications, conversions, and so on. The polystyrene business is however affected by factors such as fluctuating crude oil prices, stricter environmental laws, and global economic crisis, among others.
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In-depth profiling of the key players have been conducted, along with the recent developments (including new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the Asia-Pacific polystyrene market.
Styrolution (Germany), PS Japan (Japan), Chi Mei Corporation (Taiwan), Jiangsu Laidun Boofu Plastic Chemical Company (China), Formosa Chemicals & Fibre Corporation (Taiwan), and Shanghai Secco Petrochemical Company Limited (China), among others are the major companies profiled in the Asia-Pacific polystyrene market report.
