The Business Research Company’s Polystyrene-Plastic Material And Resins Global Market Report 2021: COVID-19 Impact And Recovery
LONDON, GREATER LONDON, UK, September 6, 2021 /EINPresswire.com/ — According to the new market research report ‘Polystyrene-Plastic Material And Resins Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the polystyrene-plastic material and resins market is expected to grow from $35.69 billion in 2020 to $42.78 billion in 2021 at a compound annual growth rate (CAGR) of 19.9%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $48.96 billion in 2025 at a CAGR of 3%. The demand for packaged goods increased the consumption of polystyrene for their packaging, driving the market.
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The polystyrene market consists of the sales of polystyrene and related services. Polystyrene is a synthetic thermoplastic material formed through polymerizing styrene. It is used in modeled products, foams and sheet materials.
Trends In The Global Polystyrene-Plastic Material And Resins Market
Construction and packaging sectors in developing countries are increasingly using the Expanded Polystyrene (EPS). EPS provides design and structural cohesion to construction projects and possesses physical and mechanical properties required for insulation. It is mostly used in the construction sector due to properties of closed air low thermal conductivity, low water absorption, lightweight, mechanical resistance, and sound resistance. EPS offers sound weight and volume performances compared to other building materials making construction simple.
Global Polystyrene-Plastic Material And Resins Market Segments:
The global polystyrene-plastic material and resins market is further segmented based on product type, end use industry, application and geography.
By Product Type: Expandable Polystyrene (EPS), General-Purpose Polystyrene (GPPS), High-Impact Polystyrene (HIPS), Extruded Polystyrene (XPS)
By End Use Industry: Automotive Industry, Electronics, Thermal Insulation Industries, Pharmaceuticals, Consumer Industry, Packaging Industry, Construction Industry
By Application: HVAC Insulation, Rigid Packaging, Seating, Flexible Packaging
By Geography: The global polystyrene-plastic material and resins market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Polystyrene-Plastic Material And Resins Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides polystyrene-plastic material and resins market overviews, analyzes and forecasts market size and growth for the global polystyrene-plastic material and resins market, polystyrene-plastic material and resins market share, polystyrene-plastic material and resins market players, polystyrene-plastic material and resins market segments and geographies, polystyrene-plastic material and resins market’s leading competitors’ revenues, profiles and market shares. The polystyrene-plastic material and resins market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Polystyrene-Plastic Material And Resins Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Polystyrene-Plastic Material And Resins Market Organizations Covered: A.Schulman Inc., ACH Foam Technologies, Inc., Alpek S.A.B. de C.V, Americas Styrenics LLC, Atlas Roofing Corporation, Austrotherm GmbH, BASF SE, BEWiSynbra Group, Brødr. Sunde as, Chi Mei Corporation, DowDuPont, DuPont de Nemours Inc., ePS Designs, Flint Hills Resources, Formosa Chemicals & Fibre Corporation, Formosa Plastic Corporation, HIRSCH Servo etc., INEOS Styrolution Group GmbH, Innova, KANEKA CORPORATION, Knauf Group, Kumho Petrochemicals Ltd., LG Chem, Loyal Group, NexKemia, NOVA Chemicals Corporation, Owens Corning Inc., Penoplex SPB LLC, Ravago Group, SABIC, Saint-Gobain Isover SA.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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Here is a list of reports from The Business Research Company similar to the Polystyrene-Plastic Material And Resins Global Market Report 2021:
Plastic Material And Resins Global Market Report 2021 – By Type (Polypropylene-Plastic Material And Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material And Resins), By End-User Industry (Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry), COVID-19 Impact And Recovery
Polypropylene-Plastic Material And Resins Global Market Report 2021 – By Product Type (Homopolymer, Copolymer), By End Use Industry (Packaging, Automotive, Consumer Products, Electrical And Electronics, Other End-User Industry), By Application (Fiber, Film And Sheet, Raffia), COVID-19 Impact And Recovery
Paper, Plastics, Rubber, Wood And Textile Global Market Report 2021 – By Type (Apparel And Leather Products, Furniture, General Manufactured Goods, Paper Products, Plastics And Rubber Products, Printing And Related Support Activities, Textile, Wood Products), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others), By Nature (Organic, Conventional), COVID-19 Impact And Recovery
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Source: EIN Presswire