DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pwvdcn/polystyrene_and) has announced the addition of the "Polystyrene & Expandable Polystyrene (EPS) Market for Building & Construction, Electrical & Electronics, Packaging and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" report to their offering.
Rising demand from the packaging industry in BRICS countries is anticipated to boost the global polystyrene & EPS market. Increasing demand for polystyrene & EPS from consumer electronics and electronic components is further estimated to drive the global polystyrene & EPS market. However, volatility in prices of raw materials is projected to hamper market growth in the near future. Furthermore, availability of high-performance substitutes is likely to act as a major restraining factor for the polystyrene & EPS market. Shift towards recycled polystyrene products is expected to offer high opportunities for players in the market in the next few years.
In terms of volume and revenue, the packaging industry emerged as the largest application segment for the global polystyrene & EPS market in 2013. Packaging is anticipated to remain the largest application in the near future. Major end-user industries for packaging application segment include food, retail and consumer goods. Electrical & electronics was the second-largest outlet for polystyrene in 2013 and is estimated to be the fastest-growing application during the forecast period.
Capacitors and electronic components constitute the largest portion of the electrical & electronics application segment. Polystyrene & EPS are used in the manufacture of refrigerators, ovens, microwaves, vacuum cleaners, televisions, handheld devices, and IT and telecom equipment. Growth in the consumer electronics industry and increasing use of polystyrene in the manufacture of electronic components is projected to drive the market for polystyrene & EPS. Demand for polystyrene & EPS in building & construction application is likely to be driven by governmental regulations regarding energy conservation in North America and Europe. Polystyrene is primarily used in the insulation of flooring and roofing.
Scope of the Report
Polystyrene & EPS Market - Product Segment Analysis
- Expandable polystyrene (EPS)
Polystyrene & EPS Market - Application Analysis
- Building & construction
- Electrical & electronics
- Others (Including plastic cutlery, plastic model assembly kits, petri dishes, CD cases, disposable razors, etc.)
- BASF SE
- INEOS Styrenics
- Kaneka Corporation
- Nova Chemicals Corporation
- Owens Corning
- S.C. Adeplast S.A.
- Sunpor Kunststoff GmbH
- Synthos S.A.
- Total Petrochemicals & Refining USA, Inc.
- Versalis S.p.A.
For more information visit http://www.researchandmarkets.com/research/pwvdcn/polystyrene_and