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Specialty Polystyrene Resins Market: By Polymer Type, By Compound Tye, By End User, and By Geography
Specialty Polystyrene Resins Market: By Polymer Type, By Compound Tye, By End User, and By Geography
Specialty Polystyrene Resins Market size was valued at US$ 118.3 million in 2022, growing at a CAGR of 2.8% from 2023-29. Specialty polystyrene resins has a wide range of properties that makes it an ideal candidate for its use in various industries. It exhibits good film stiffness, decent water resistance, fast air dry, well-adjusted to deprived elasticity. Specialty polystyrene is used as for smoothing sealers, as a spray in coatings and primers, furniture and flat-board surfaces, among others. These are the major factors expected to drive the market. Moreover, polystyrene resin provides physical and mechanical forte in the packaging application. It is also considered to be the most versatile type of polymer foam which further raises the demand for polystyrene resins. However, the varying strategies of prominent corporations, and fluctuating prices of raw materials diminishes the growth of market. Specialty polystyrene resin provides physical and mechanical robustness in packing applications, and it is the most adaptable type of polymer foam. It is lightweight and has a high strength-to-weight ratio because to its cross-linked structure. It is made up of individual cells of low-density polystyrene. It has applications in food service and protective packaging.
Study Period
2024-2030Base Year
2023CAGR
2.8%Largest Market
Asia PacificFastest Growing Market
Europe
Healthcare sector is one of the major sector for specialty polystyrene resins especially for medical packaging as it protects the product, and provides greater degree of safety. Stiffness, transparency, resistance to heat and superior rigidity are the feature exhibited by resins. Properties that assistant medical device solicitations include chemical resistance to fight against infections, sterilization constancy, biocompatibility which makes it an ultimate for medical industry. The polymers are also used in automotive industries to make different vehicle hardware parts such as door panels, dashboards, flooring and engine components. It further helps to reduce the weight and vehicles and mends the fuel effectiveness. Automotive industry is experiencing a tremendous growth as the industry relies heavily on coatings to protect the critical components of vehicles. It protects the plastic and metal component from corrosion. Increase in demand for vehicles and two wheelers further accelerates the growth of automotive segment.
Asia Pacific dominate the global market in terms of revenue share. Increasing population, growing industrialization and urbanization accelerates the growth of specialty polystyrene resins in this region. Emerging economies like India and China has demonstrated a noble market potential due to low labor cost and high purchasing power of consumers. Europe specialty polystyrene resins hold a significant position in the global market as they are treasured for high quality specialty resins and are appreciated for their strong brands.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 118.3 million |
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Market CAGR |
2.8% |
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By Polymer Type |
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By Compound Type |
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By End User |
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The specialty polystyrene resins market is projected to expand at a CAGR of 2.8% during the forecast period.
The Dow Chemical Company, Celanese Corporation, CSP Technologies, Inc., Eastman Chemical Company, Scientific Polymer Products, Inc.
Asia-Pacific is the fastest-growing region for the specialty polystyrene resins market
| 1.Executive Summary |
| 2.Global Specialty Polystyrene Resins Market Introduction |
| 2.1.Global Specialty Polystyrene Resins Market - Taxonomy |
| 2.2.Global Specialty Polystyrene Resins Market - Definitions |
| 2.2.1.Polymer Type |
| 2.2.2.Compound Type |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Specialty Polystyrene Resins Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Specialty Polystyrene Resins Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Specialty Polystyrene Resins Market By Polymer Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. ABS |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Acrylic |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Epoxy |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Acetal |
| 5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Specialty Polystyrene Resins Market By Compound Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Casting Resin |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Molding Resin |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Film Grade Resin |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Extrusion Grade Resin |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global Specialty Polystyrene Resins Market By End User, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Aerospace |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Automotive |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Building and construction |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Healthcare |
| 7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Food manufacturing |
| 7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Others |
| 7.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8.Global Specialty Polystyrene Resins Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Specialty Polystyrene Resins Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Polymer Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.ABS |
| 9.1.2.Acrylic |
| 9.1.3.Epoxy |
| 9.1.4.Acetal |
| 9.1.5.Others |
| 9.2. Compound Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Casting Resin |
| 9.2.2.Molding Resin |
| 9.2.3.Film Grade Resin |
| 9.2.4.Extrusion Grade Resin |
| 9.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Aerospace |
| 9.3.2.Automotive |
| 9.3.3.Building and construction |
| 9.3.4.Healthcare |
| 9.3.5.Food manufacturing |
| 9.3.6.Others |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Specialty Polystyrene Resins Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Polymer Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.ABS |
| 10.1.2.Acrylic |
| 10.1.3.Epoxy |
| 10.1.4.Acetal |
| 10.1.5.Others |
| 10.2. Compound Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Casting Resin |
| 10.2.2.Molding Resin |
| 10.2.3.Film Grade Resin |
| 10.2.4.Extrusion Grade Resin |
| 10.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Aerospace |
| 10.3.2.Automotive |
| 10.3.3.Building and construction |
| 10.3.4.Healthcare |
| 10.3.5.Food manufacturing |
| 10.3.6.Others |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Specialty Polystyrene Resins Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Polymer Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.ABS |
| 11.1.2.Acrylic |
| 11.1.3.Epoxy |
| 11.1.4.Acetal |
| 11.1.5.Others |
| 11.2. Compound Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Casting Resin |
| 11.2.2.Molding Resin |
| 11.2.3.Film Grade Resin |
| 11.2.4.Extrusion Grade Resin |
| 11.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Aerospace |
| 11.3.2.Automotive |
| 11.3.3.Building and construction |
| 11.3.4.Healthcare |
| 11.3.5.Food manufacturing |
| 11.3.6.Others |
| 11.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Specialty Polystyrene Resins Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 12.1. Polymer Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.ABS |
| 12.1.2.Acrylic |
| 12.1.3.Epoxy |
| 12.1.4.Acetal |
| 12.1.5.Others |
| 12.2. Compound Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Casting Resin |
| 12.2.2.Molding Resin |
| 12.2.3.Film Grade Resin |
| 12.2.4.Extrusion Grade Resin |
| 12.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Aerospace |
| 12.3.2.Automotive |
| 12.3.3.Building and construction |
| 12.3.4.Healthcare |
| 12.3.5.Food manufacturing |
| 12.3.6.Others |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Specialty Polystyrene Resins Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 13.1. Polymer Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.ABS |
| 13.1.2.Acrylic |
| 13.1.3.Epoxy |
| 13.1.4.Acetal |
| 13.1.5.Others |
| 13.2. Compound Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Casting Resin |
| 13.2.2.Molding Resin |
| 13.2.3.Film Grade Resin |
| 13.2.4.Extrusion Grade Resin |
| 13.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Aerospace |
| 13.3.2.Automotive |
| 13.3.3.Building and construction |
| 13.3.4.Healthcare |
| 13.3.5.Food manufacturing |
| 13.3.6.Others |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.The Dow Chemical Company |
| 14.2.2.Celanese Corporation |
| 14.2.3.CSP Technologies, Inc. |
| 14.2.4.Eastman Chemical Company |
| 14.2.5.Scientific Polymer Products, Inc. |
| 14.2.6.3M |
| 14.2.7.Gabriel |
| 14.2.8.Toray Industries, Inc. |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.