USD 3.3 billion
Styrenic Polymers Market Size, Share, Growth Analysis, By Product (Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS)), By Application (Intra-Venous Systems & Fluid Delivery, Mobile & Digital Health), By End Use, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2279 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
71
|Figures:
75
Styrenic Polymers Market Insights
Global Styrenic Polymers Market size was valued at USD 3.3 billion in 2023 and is poised to grow from USD 3.5 billion in 2024 to USD 5.62 billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).
Styrene monomers and substances like butadiene and acrylonitrile are polymerized to create styrenic polymers. They possess a wide range of qualities, including great impact strength, exceptional weather resistance, scratch resistance, and UV stability. Styrenic polymers are a kind of plastic with exceptional mechanical qualities and very high dimensional stability. Styrenic polymers include polystyrene, expandable polystyrene, acrylonitrile-butadiene-styrene, styrene-acrylonitrile, styrene-methyl methacrylate copolymer, and styrene-acrylonitrile. They are employed in the production of many different home items, including furniture, cups, and consumer electronics. Styrenic polymers are widely employed in the packaging, construction, automotive, and electrical appliance industries. Styrenic polymers are anticipated to develop as a result of the expanding usage of unsaturated polyester resins (UPR) in maritime accessories, pipelines and tanks, and wind energy equipment such as wind blades and rotors. They are employed in the production of many different home items, including furniture, cups, and consumer electronics. Numerous end-user sectors are quickly switching over to these polymers in place of metallic components.
US Styrenic Polymers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
acrylonitrile butadiene styrene (ABS)
Fastest Growth
Medical
Growth Rate
6.1% CAGR
Global Styrenic Polymer Market, 2021-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2022 (%)
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Styrenic Polymers Market Segmental Analysis
Global Styrenic Polymers Market is segmented by product, application, end use and region. Based on product, the market is segmented into polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene acrylonitrile (SAN), styrene butadiene block copolymers (SBC), styrene methyl methacrylate (SMMA) and others. Based on application, the market is segmented into intra-venous systems & fluid delivery, mobile & digital health, surgical gloves, respiratory & drug delivery devices and others. Based on end use, the market is segmented into automotive & transportation, building & construction, packaging, consumer goods, medical, sports & leisure and personal care. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Styrenic Polymers Market Analysis by Product
In terms of revenue, acrylonitrile butadiene styrene (ABS) held the highest market share in 2021 and is anticipated to experience the fastest CAGR over the forecast period. Acrylonitrile Styrene Acrylate (ASA), Styrene Isoprene Butadiene Styrene (SIBS), Unsaturated Polyester Resin (UPR), and others are included in the other medicinal Styrenic Polymers Market section. Because ASA demonstrates ABS-like characteristics, including high gloss, superior chemical and heat resistance, and high impact strength at low temperatures, it is often used in medical equipment across the world.
Styrenic Polymers Market Analysis by Application
Medical applications occupied the highest market share in 2021. Medical drip chambers, dry powder inhalers, diagnostic tools, disposable lab supplies including flasks and pipettes, as well as Petri dishes and tissue culture components are all included in the medical instruments section. During the forecast period, the increased demand for styrenic polymers in various applications would significantly support the expansion of the medical styrenic polymers market segment. Additionally, the increasing demand for medical supplies, driving up demand for medical styrenic polymers. The aforementioned developments, together with strict laws against the use of dangerous polymer materials, have increased demand for styrene-based polymers in medical equipment, which will further boost the market for styrenic polymers.
Global Styrenic Polymer Market By Application, 2022 (%)
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Styrenic Polymers Market Regional Insights
Asia‑Pacific dominated the Global Styrenic Polymers Market in 2021. The expansion of the regional market is anticipated to be propelled by the region's growing automotive and consumer goods sectors. In the coming years, the leading consumers of styrenic polymers in the regional market are anticipated to be the automotive industries in India, China, Japan, South Korea, and Thailand. With significant contributions from the developing nations like China, India, and Southeast Asia, the automobile sector in the Asia-Pacific region is the largest internationally. The market in China is anticipated to be the largest market for styrenic polymers in the region, while the market in India is anticipated to be the most profitable. Demand for these polymers is increasing in the regional market due to the rising requirement to reduce component weight, fuel consumption, and meet aesthetic attractions. Additionally, the demand for styrenic polymers in this industry has been driven by growing per capita income and higher expenditure in the region's consumer goods industry.
Due to the region's growing healthcare and automotive sectors, North America is anticipated to be the second-largest regional market. Styrenic polymers are widely used in the production of lightweight vehicles and medical gadgets, which is anticipated to be the main driver promoting the expansion of the regional market. Additionally owing to the stringent standards in the healthcare industry and restrictions and due to their simplicity in processing and compliance with environmental requirements, thermoplastic elastomers have replaced traditional metallic devices.
Global Styrenic Polymer Market By Geography, 2021-2028
- Largest
- Fastest
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Styrenic Polymers Market Dynamics
Styrenic Polymers Market Driver
- Market expansion is primarily being driven by an increase in the usage of styrenic polymers in substitution of PVC in the healthcare sector. Styrenic polymers are increasingly being used in the medical sector to create high-performance, miniature medical devices, which is propelling market growth. These polymers make it simple to micro-mold medical devices.
- The increased usage of styrenic polymers in the automotive sector is one of the key drivers fueling market expansion. The most common vehicle uses are interior electroplated parts and unpainted external elements including front grilles, radiator grilles, side mirror housings, and rearview mirrors.
- Styrenic polymers kind of plastic are in high demand because of their superior mechanical properties. Additionally, these polymers provide simple disposal, design flexibility, lightweight, and superior aesthetics. These attributes of styrenic polymers are what are driving the market expansion.
Styrenic Polymers Market Restraint
- Due to its high volatility, styrene can be dangerous when exposed, leading to eye, skin, and respiratory irritation as well as difficulties with the nervous system, disorientation, and other symptoms. It produces carbon monoxide after incomplete burning and releases dangerous fumes during decomposition. The necessity to burn the styrene-based polymers increases the risk of an explosion since they cannot biodegrade. These issues with the environment and health are negatively impacting the market growth.
- It is anticipated that the market expansion would be hindered by the high cost of styrenic polymers in comparison to other thermoplastic materials. Among the most expensive materials are polystyrene and ABS. For instance, the average cost of ABS is over three times more than the PVC material with the lowest cost.
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Styrenic Polymers Market Competitive Landscape
Global Styrenic Polymers Market is fragmented and highly competitive. To increase their market share, the major companies in the international market are implementing a variety of business tactics, including mergers and acquisitions, expansions, and investments. Major players include BASF, Lanxess AG, SABIC, Total S.A., and The Dow Chemical Company. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Styrenic Polymers Market Top Player's Company Profiles
- Chevron Phillips Chemical Company LLC
- INEOS Styrolution Group GmbH
- Trinseo S.A.
- BASF SE
- SABIC
- LG Chem Ltd.
- Total S.A.
- Denka Company Limited
- CHIMEI Corporation
- Asahi Kasei Corporation
- Repsol S.A.
- Styron LLC
- Kumho Petrochemical Co., Ltd.
- FCFC Styrenics Corporation
- Americas Styrenics LLC
- Polimeri Europa S.p.A.
- Samsung Fine Chemicals Co., Ltd.
- Ashland Global Holdings Inc.
- Idemitsu Kosan Co., Ltd.
Styrenic Polymers Market Recent Developments
- In August 2022, Kraton Corporation and Formosa Petrochemical Corporation accepted a project for the HSBC Joint Venture factory in Mailiao, Taiwan. The present facility's capacity will rise by 30% as a result of this project. With the completion of this expansion project, Kraton will be able to supply clients in Asia from a local manufacturing base with its whole line of SEBS and SEPS products, both in crumbs and pellet form, employing the most cutting-edge Kraton technology.
- In March 2021, Chevron, by striking an agreement to acquire Noble Midstream Partners and its affiliates gained notoriety and expanded its client base by diversifying its product offering.
Styrenic Polymers Key Market Trends
- Some firms are developing styrenic-based powder polymer modifiers. The demand for compounders and extruders to increase polymer characteristics and enable better processing is met by these innovative products. Increased rigidity, greater colour fastness and retention, resistance to UV rays, dimensional stability, and impact resistance are just a few of the modifications. A few modifiers also provide enhanced processing, such as the ability to operate at lower temperatures and with less energy. A variety of polymers are addressed by the styrenics-based modifiers. Various polymers have been examined for compatibility and effectiveness, including ABS, ASA, PBT, PC, PP, PE, PS, PVC, SAN9, SBC, TPE, and TPU.
Styrenic Polymers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Styrenic Polymers Market analysis, the medical devices segment is likely to be driven in the near future by an increase in the elderly population which will positively impact the styrenic polymer market growth. In terms of product, the acrylonitrile butadiene styrene segment held larger market share. This can be attributed to the properties of ABS such as high rigidity, good impact resistance, even at low temperatures, good insulating properties, good abrasion and strain resistance, high dimensional stability and high surface brightness and excellent surface aspect. In terms of application, the segment of medical application held the larger share of the Global Styrenic Polymers Market. This can be caused due to the shift towards plastics including styrenic polymers in medical market as plastics provide a broad range of advantages over metallic devices
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.3 billion |
| Market size value in 2032 | USD 5.62 billion |
| Growth Rate | 6.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Styrenic Polymers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Styrenic Polymers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Styrenic Polymers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Styrenic Polymers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Styrenic Polymers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Styrenic Polymers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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