Polystyrene Market
Regions Covered
USA
SEA
Europe
LATAM
Regions Covered
USA
SEA
Europe
LATAM
Currently the PS market is valued at 35.8 Billion USD in 2018.The global PS market is expected to reach 40.41 Billion USD by 2022.The global market is estimated to grow at 3.4 percent during 2015-2022 driven by the steady demand for EPS resin in construction and HIPS /GPPS resin in packaging and electronics sector. China will propel the demand for HIPS/GPPS resin due to the growing demand in the Consumer electronics industry .This sector is expected to grow by 8-10% during the period 2015-2022. The HIPS/GPPS market is driven by healthy demand from the Asian market which is expected to grow by 4-5% CAGR from the period 2017-2022. The EPS market is driven by healthy demand from the Asian market which is expected to grow by 3-4% CAGR from the period 2017-2022 while mature markets like Europe and North America are expected to grow by 2-3% CAGR from the period 2017-2022.
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