DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3tn353/global) has announced the addition of the "Global Polystyrene (PS) Market - Segmented by Product type, Industry and Geography - Trends and Forecasts (2015-2020)" report to their offering.
Global Polystyrene (PS) market is estimated to reach 700,000 tons by 2020
More than 90% of the new capacities will be created in Asia-Pacific. The market is showing a shift towards Asia-Pacific region, at the expense of saturated industrialized markets in North America and Western Europe.
Emerging countries, on the other hand, are profiting from a continuous increase of wealth and a moderate population growth. Even though Asia-Pacific is expanding its position as world's largest consumer of PS, Africa, the Middle East, Eastern Europe and South America are also expected to develop at dynamic growth rates.
In the past, capacity utilization of polystyrene plants averaged at only about 75%. This resulted in considerable reduction of production capacities and manufacturers were pushed to restructure their plants. Industrialized countries in Western Europe and North America, as well as Japan and South Korea, have responded to the excess capacities by reducing production volume and refocusing on growth markets.
The packaging industry in particular consumes a large amount of polystyrene. Polystyrene is often used in the casings of monitors, televisions, printers, and other electrical devices as well as consumer goods. Individual application for polystyrene are also projected to develop at high rates in the coming years.
Major drivers decisive in market growth are urbanization, change in household structures, and increase in middle class population, along with rising private consumption in emerging countries.
As a result of change in technology and advanced substitutes, demand for polystyrene will not rise as dynamically as demand for other standard plastics.
Key Topics Covered:
2. Executive Summary
3. Polystyrene (PS) Market
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis (Market size, growth and forecast)
7. Competitive Landscape
8. Company Profiles (Overview, Products & Services, Financials, Recent Developments)
- BASF SE
- Bayer MS
- The Dow Chemical Co.
- Lanxess AG
- Total S.A.
- Formosa Plastics Group
- Americas Styrenics
- Styrolution Group GMBH
- Henjiang Chimei Chemical Co., Ltd
- PS Japan Corporation
- Styron LLC
- TOTAL Gestion USA
- Ineos Nova LLC
- Total Petrochemicals
- Owens Corning
- Nova Chemicals Corporation
For more information visit http://www.researchandmarkets.com/research/3tn353/global