Styrenic Polymers Market Global Industry Size, Future Trends, Growth Key Factors, Demand, Manufacture Players and Opportunities Analysis by Outlook

 

  Styrenic polymers are low-cost plastics that comprise a family of major plastic products that use styrene as a key building block. Because of their amorphous structure, these polymers can be easily processed well above their softening point and over a wide temperature range. When compared to other partially crystalline polymers, syrenic polymers do not have a distinct melting point. This not only allows for faster processing of these polymers, but also for high dimensional stability and excellent mechanical properties. Polystyrene, expandable polystyrene, styrene-acrylonitrile copolymer, styrene-methyl methacrylate copolymer, acrylonitrile-butadiene-styrene copolymer, and acrylonitrile-styrene-acrylate copolymer are examples of styrene polymers, as are blends of these polymers with polypheny (PC).

   Styrenic polymers are used to make a wide range of household goods, including cups, utensils, furniture, and kitchen appliances; consumer electronics; automobile parts; sports and recreational equipment; boats; and durable, lightweight packaging. The global styrenic polymers market is expected to grow significantly over the forecast period due to its widespread use in a variety of end-use industries such as automotive, construction, consumer goods, and packaging. The expansion of the automotive industry in recent years, particularly in emerging markets such as China and India, has increased demand for styrenic polymers. Over the next seven years, this is expected to have a positive impact on the styrenic polymer market.

The market for styrenic polymers is divided into polystyrene (PS), expandable polystyrene (EPS), acrylonitrile butadiene styrene (ABS), unsaturated polyester resins (UPR), and styrene-butadiene rubber (SBR). Because of their superior chemical and physical properties, such as lightweight, chemical inertness, heat resistance, electrical insulation, and rigidity, syrenic polymers are used in a variety of end-use industries. The increased use of UPR in marine accessories, pipes and tanks, and wind energy devices such as wind blades and rotors is expected to drive the growth of the styrenic polymers market.

  Furthermore, the rising demand for lightweight materials in the consumer goods industry is expected to boost the market growth. Styrenic polymers' expanding application scope in the manufacturing of medical devices and pharmaceutical packaging is expected to drive demand over the next seven years. The high cost of styrenic polymers in comparison to substitutes such as PVC and polyethylene, on the other hand, is expected to limit the market growth.