Polystyrene (PS) Market in Europe to witness accelerated CAGR of 4.20% | Driven by rising demand from electrical and electronics industry

NEW YORK, February 23, 2022 / PRNewswire / – In The size of the polystyrene (PS) market Europe expected increase on $ 1.20 billion from 2021 to 2026, accelerating by a CAGR of 4.20% over the forecast period. The growing demand for food, medical care, personal care products and household goods is constantly creating opportunities for the growth of suppliers in the market. In addition, the revival of the construction sector and increasing demand for biological EPS in the construction and building, transport, electronics and packaging industries in Western Europe is expected to offer several growth opportunities for market players.

Attractive opportunities in the polystyrene (PS) market in Europe by end users and geography – forecast and analysis for 2022-2026.

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Styrofoam (PS) market report Europe provides a holistic update, market size and forecast, trends, growth factors and challenges, and supplier analysis.

The report identifies increasing demand from the electrical and electronics industries as a major driver of market growth. Polystyrene provides effective thermal insulation and provides easy packaging, making it a major part of the electronics industry. It is widely used for packaging electronic and electrical appliances such as blenders, washing machines, air conditioners, personal computers, scanners and television screens. With the growth of the global electronics industry over the forecast period, market demand for polystyrene will increase.

In addition, high insulating and cushioning properties and high strength polystyrene further accelerate market demand. However, fluctuations in oil prices will reduce the growth potential of the market.

Polystyrene (PS) market in Europe segmented by end users (construction and construction, packaging, etc.) and geographyGermanyGreat Britain, Italy, Franceand the rest Europe).

Demand for polystyrene has been significant by end users in the construction industry in 2021. This segment is due to an increase in the number of residential, non-residential and commercial buildings Europe. In addition, the use of polystyrene in the construction industry, such as facades, walls, roofs and floors, is expanding; as a floating material in marinas and pontoons; and as a light filling for rail and road construction contribute to the growth of the segment.

By geography, the rest Europe the region will have the largest market share in the forecast period. However, Germany will remain a key market for polystyrene in Europe. Many businesses operating in the country are working together to increase polystyrene recycling and reduce their carbon emissions. In addition, the government is focusing on improving energy efficiency in existing, renovated and new buildings by introducing new rules. These factors contribute to the growth of the regional market Germany.

This report presents a detailed picture of the market by studying, synthesizing and summarizing data from multiple sources by analyzing key parameters. Polystyrene (PS) market in Europe covers the following areas:

Polystyrene (PS) market size.
Polystyrene Market Forecast (PS).
Polystyrene Market Analysis (PS).

Mentioned companies

BASF SE: The company offers general purpose polystyrene, which is crystal clear, highly efficient polymer and easy to handle.

DuPont de Nemours Inc .: The company offers insulation from the square edges of the company STYROFOAM, which is an insulation of extruded polystyrene that resists water absorption.

INEOS Styrolution Group GmbH: The company offers polystyrene by depolymerization.

Kumho Petrochemical Co. Ltd .: The company offers Styrofoam, which is a foam that is made by immersing a foaming agent in polystyrene, and an environmentally friendly product with a small amount of residual volatile substances.

LG Chem Ltd .: The company offers polystyrene, which is used in many fields, such as disposable goods, small appliances, stationery depending on the relevant properties.

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Polystyrene (PS) market in Europe

Coverage of reports

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth impulse and CAGR

Acceleration at CAGR 4.20%

Market growth 2022-2026

1.20 billion US dollars

Market structure

Fragmented

Growth for the year (%)

3.10

Regional analysis

Germany, Great Britain, Italy, France and the rest of Europe

Execution of market contribution

Rest of Europe – 41%

Major consumer countries

Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement

Profiled companies

BASF SE, DuPont de Nemours Inc., INEOS Styrolution Group GmbH, Kumho Petrochemical Co. Ltd., LG Chem Ltd., SABIC, Synthos SA, TotalEnergies SE, Trinseo SA and Versalis SpA

Market dynamics

Analysis of the parent market, stimuli and obstacles to market growth, analysis of fast-growing and slow-growing segments, the impact of COVID-19 and future consumer dynamics, analysis of the market for the forecast period.

Setup set

If our report did not include the data you are looking for, you can contact our analysts and customize the segments.

The main topics covered:

Summary

Market landscape

  • Market ecosystem

  • Analysis of value chains

Market size

Analysis of the five forces

End-user market segmentation

  • Market segments

  • Comparison by end users

  • Construction – Market size and forecast for 2021-2026

  • Packaging – Market size and forecast for 2021-2026

  • Others – Market size and forecast for 2021-2026

  • Market opportunities for the end user

Client’s landscape

Geographical landscape

  • Geographic segmentation

  • Geographical comparison

  • Germany – Market size and forecast for 2021-2026

  • United Kingdom – Market size and forecast for 2021-2026

  • Italy – Market size and forecast for 2021-2026

  • France – Market size and forecast for 2021-2026

  • The rest of the Europe – Market size and forecast for 2021-2026

  • Market opportunities by geography

  • Market drivers

  • Market problems

  • Market trends

Landscape of the seller

  • Review

  • Disturbance of the landscape

Seller analysis

  • Vendors are covered

  • Market positioning of sellers

  • BASF SE

  • DuPont de Nemours Inc.

  • INEOS Styrolution Group GmbH

  • Kumho Petrochemical Co. Ltd.

  • LG Chem Ltd.

  • SHABICH

  • Synthos SA

  • TotalEnergies SE

  • Trinseo SA

  • Versalis SpA

Appendix

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