Global Styrenic Polymers Market Size Share and Trends Analysis Report, by Product Type (Polystyrene, Acrylonitrile Butadiene Styrene (ABS), Styrene Acrylonitrile (SAN), Methacrylate Butadiene Styrene (MBS), Methyl-Methacrylate Acrylonitrile Butadiene Styrene (MABS), Styrene Butadiene Styrene(SBS), Styrene Ethylene Butylene Styrene (SEBS), and Others), and by Application (Building And Construction, Automotive Industry, Medical Packaging, Medical Containers), Forecast Period (2022-2028)

The global styrenic polymers market is anticipated to grow at a CAGR during the forecast period (2022-2028). The demand for styrenic polymers is driven mainly by its rising preference over traditional polymers and metals, due to growing concerns about environmental threats.The increased use of styrenic polymers instead of PVC in the healthcare industry is encouraging market growth, due to potential health risks associated with PVC, there is a limit to the use of PVC materials. Furthermore, this creates the need for plastics such as styrenic polymers as they show the efficiency of the equipment. In addition, these polymers offer easy disposal, design variability, lightweight, and excellent quality and all these properties of the styrenic polymers are propelling the market growth.

Moreover,the increasing use of styrenic polymers in the production of medical devices such as IV fluid storage, blood bags, dialysis solutions, and tubes is anticipated to provide significant advantages. The strong demand for thermoplastic elastomers from the medical and healthcare industry is creating lucrative opportunities in the styrenic polymers Market. In addition, the rise of R&D by manufacturers to test the properties of many styrenic polymers is propelling to bring new market opportunities in the forecast period and the growing demand for highly developed and flexible products encourages manufacturers to invest in R&D to develop more innovative products. Therefore growth in investment in R&D by manufacturers is attributed to provide opportunities in the forecast period. For instance, in June 2019, Versalis, a manufacturer of styrenic polymers owned by Eni, has launched an innovative type of expandable polystyrene (EPS), under the trademark Extir FL 3000.

Therefore, the high price of styrenic polymers compared to other thermoplastic materials is predicted to disrupt market growth. Polystyrene and ABS are two major materials with a high value such as, the average price of ABS is almost three times that of PVC at a much lower price.  Additionally, increased use of styrenic polymers instead of PVC in the healthcare industry is predominantly fueling the growth in styrenic polymers market. Moreover, polyvinyl chloride (PVC) is among the most popular thermoplastic used in the entire medical industry and another factor driving the market for medical styrenic polymers is the dramatic shift from traditionally used metal tools to polymer-based medical devices, due to its widespread advantage over metal devices. Therefore, styrenic polymer-based treatments are highly desirable in medical systems mainly due to their flexible design, easy disposal, and lighter weight or lower-cost efficiency ,this change in preferences is propelling to have a positive effect on the overall styrenic polymers market growthduring the forecast period.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-  Bayer Material Science, Chevron Phillips Chemical, ELIX Polymers, Formosa Chemical & Fibre Corp.,   Grupo Dynasol, LG Chem, Nova Chemical, Mitsubishi Chemical Holding, and Ovation Polymers, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Styrenic Polymers Market Report by Segment

By Product Type

• Polystyrene,
• Acrylonitrile Butadiene Styrene (ABS)
• Styrene Acrylonitrile (SAN)
• Methacrylate Butadiene Styrene (MBS)
• Methyl-Methacrylate Acrylonitrile Butadiene Styrene (MABS)
• Styrene Butadiene Styrene(SBS)
• Styrene Ethylene Butylene Styrene (SEBS)
• Others

By Application

• Building and construction
• Automotive industry
• Medical Packaging
• Medical Containers

Global Styrenic Polymers Market Report by Region

North America

• US
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa