Polystyrene is a polymer obtained from styrene and has various properties like being strong, lightweight as well as having insulating properties. It is a thermoplastic material which is used in a wide range of applications, mainly for manufacturing products like food containers and disposable cups packaging materials, and it also has usage in insulation applications. It is mainly available in 2 forms- solid and foam. The solid variant appears to be a clear polystyrene and is a rigid plastic which is mainly used for making consumer goods like CD covers and laboratory gear. While on the other hand, the foam variant is a lighter insulating material which is used for insulation applications as well as in packaging.
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The top exporters of polystyrene are Germany, Netherlands, Chinese Taipei, Australia and Turkey, while its largest importers are Poland, the United States, Germany, Italy and France.
Key Details About the Polystyrene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Polystyrene price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Polystyrene Price Trend, including India Polystyrene price, USA Polystyrene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Polystyrene Price Trend:
The main factors driving the polystyrene market demand are its various properties, like having great insulation, being lightweight as well as protective qualities, which make it ideal for the packaging industry. As the demand for packaged goods as well as consumer goods increase, the demand for polystyrene is expected to follow suit.
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Other factors that are influencing the market growth include increased population, rise in disposable income, and higher demand for commodities like toys, containers, and cups, among others, which in turn gives rise to its market expansion. Also, as an insulating material, polystyrene is heavily used in the construction industry for the making of energy-efficient buildings that are also environmentally friendly. Hence, with the growing focus on sustainability and more eco-friendly construction processes, the demand for the material is expected to rise exponentially.
Key Players:
- INEOS Capital Limited
- Total Petrochemicals USA, Inc.
- Americas Styrenics LLC (AmSty)
- SABIC
- BASF SE
News & Recent Development
- May 1, 2023- The polystyrene resin market in North America is volatile at present due to the fluctuation in the prices of benzene and an economic plunge.
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