Styrenic Polymers Market Size, Share, Growth Analysis, By Product(Polystyrene (PS), Expanded Polystyrene (EPS), Acrylonitrile Butadiene Styrene (ABS), Styrene Butadiene Rubber (SBR)), By Application(Medical, Building & construction, packaging, automotive), By Region - Industry Forecast 2024-2031

Styrenic Polymers Market size was valued at USD 3.48 billion in 2019 and is poised to grow from USD 3.72 billion in 2023 to USD 6.78 billion by 2031, growing at a CAGR of 6.9% in the forecast period (2024-2031).

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.