Research and Markets: European Polystyrene Market Projected to Reach $5,518.8 Million by 2019 from $4,494.2 Million in 2014, at a CAGR of 4.2% between 2014 and 2019

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/l3mcls/europe) has announced the addition of the "Europe Polystyrene Market by Application and by Country - Trends and Forecast to 2019" report to their offering.

Industrialization, growth of plastic and rubber industry, and non-availability of alternative sources are some of the key factors driving the market growth. On the other hand, preference to organic materials and environmental impacts of using polystyrene may restrain the market growth in coming years.

Based on applications, the polystyrene market is segmented into packaging, electronics, appliances, construction, and other applications. Packaging holds the maximum share of the polystyrene market. It was valued at $1,691.7 million in 2014, and is projected to reach to $2,060.7 million by 2019, at a CAGR of 4.0%. The electronics and appliances segments are growing at 5.0% and 4.7% respectively.

Germany has the maximum share in polystyrene market. The German market was valued at $3,042.9 million in 2014 and is projected to reach to $3,757.0 million by 2019, at a CAGR of 4.3%.

Companies Mentioned:

- BASF SE

- Formosa Plastic Corporation (USA)

- Styrolution Group Gmbh

- Total Petrochemicals & Refining U.S.A. Inc

- Trinseo (Styron LLC)

For more information visit http://www.researchandmarkets.com/research/l3mcls/europe

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Chemicals