Styrene Global Market Outlook 2025-2033: 4.85% CAGR Sparks Expansion in Polystyrene, ABS and SBR Production

Dublin, Jan. 27, 2025 (GLOBE NEWSWIRE) -- The "Styrene Market Report by Product Type, End User, and Region 2025-2033" report has been added to ResearchAndMarkets.com's offering.

The global styrene market size reached USD 60 Billion in 2024. Looking forward, the market is projected to reach USD 93.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.85% during 2025-2033.

The market is experiencing steady growth driven by the escalating demand from the automotive and consumer electronics sectors for lightweight, and durable plastics, the rapid expansion of urban infrastructure and the packaging industry, and the rising consumer demand for energy-efficient and high-performance products.

Styrene Market Trends:

There is an increase in the utilization of energy efficient insulation materials in the construction industry on account of the unique physical properties and the ability to conserve the energy of styrene. This, coupled with rapid urbanization and rising construction activities in residential and commercial areas, represent one of the major factors driving the demand for styrene around the world. Moreover, initiatives undertaken by governing agencies of numerous countries to promote the use of eco-friendly construction materials and reduce carbon footprints are favoring the market growth.

In addition, styrene is employed in the manufacturing different components of a vehicle, such as tires, doors, window profiles, belts, and gaskets. This, along with the growing demand for lightweight and luxury vehicles and significant growth in the automotive industry, is influencing the market positively. Apart from this, styrene is used in the packaging of milk, fruits, meat, and other packaged food items to prevent damage, extend shelf life, reduce product weight, and preserve product color, taste, and texture, and offer resistance to moisture.

Furthermore, increasing sales of ready-to-eat (RTE) food products on account of hectic lifestyles and the expanding purchasing power of individuals are creating a positive outlook for the market. Besides this, as styrene is utilized in producing PS, which is further employed in the production of air conditioners, refrigerators, vacuum cleaners, microwaves, and ovens, its demand is escalating across the globe.

Key Market Segmentation:

This report provides an analysis of the key trends in each segment of the global styrene market, along with forecasts at the global, regional, and country level from 2025-2033. The report has categorized the market based on product type and end user.

Product Type Insights:

• The report has also provided a detailed breakup and analysis of the styrene market based on the product type. This includes polystyrene, acrylonitrile butadiene styrene, styrene acrylonitrile, styrene-butadiene rubber, and others. According to the report, polystyrene represented the largest segment.

End User Insights:

• A detailed breakup and analysis of the styrene market based on the end user has also been provided in the report. This includes packaging, construction, consumer goods, automotive, and others. According to the report, packaging accounted for the largest market share.

Regional Insights:

• The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for styrene. Some of the factors driving the Asia Pacific styrene market included rapid urbanization, increasing construction activities, and the rising use of styrene in the packaging industry.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global styrene market. Detailed profiles of all major companies have also been provided.

Some of the companies profiled in the report include:

• Alpek
• Ashland Global
• BASF
• Chevron Phillips Chemical Company
• China Petrochemical Corporation
• Covestro
• Dow
• INEOS Group
• DSM-Firmenich
• Kumho Petrochemical Co.
• Mitsubishi Chemical Holdings
• Saudi Basic Industries Corporation
• Synthos
• TotalEnergies
• Trinseo

Key Questions Answered in This Report:

• How has the global styrene market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global styrene market?
• What is the impact of each driver, restraint, and opportunity on the global styrene market?
• What are the key regional markets?
• Which countries represent the most attractive styrene market?
• What is the breakup of the market based on the product type?
• Which is the most attractive product type in the styrene market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the styrene market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global styrene market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Styrene Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Product Type
6.1 Polystyrene
6.2 Acrylonitrile Butadiene Styrene
6.3 Styrene Acrylonitrile
6.4 Styrene-Butadiene Rubber
6.5 Others

7 Market Breakup by End User
7.1 Packaging
7.2 Construction
7.3 Consumer Goods
7.4 Automotive
7.5 Others

8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.2 Canada
8.2 Asia-Pacific
8.2.1 China
8.2.2 Japan
8.2.3 India
8.2.4 South Korea
8.2.5 Australia
8.2.6 Indonesia
8.2.7 Others
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 United Kingdom
8.3.4 Italy
8.3.5 Spain
8.3.6 Russia
8.3.7 Others
8.4 Latin America
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Others
8.5 Middle East and Africa

9 Drivers, Restraints, and Opportunities

10 Value Chain Analysis

11 Porters Five Forces Analysis

12 Price Analysis

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players

• Alpek
• Ashland Global
• BASF
• Chevron Phillips Chemical Company
• China Petrochemical Corporation
• Covestro
• Dow
• INEOS Group
• DSM-Firmenich
• Kumho Petrochemical Co.
• Mitsubishi Chemical Holdings
• Saudi Basic Industries Corporation
• Synthos
• TotalEnergies
• Trinseo

For more information about this report visit https://www.researchandmarkets.com/r/jd1lai

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: 
CONTACT: ResearchAndMarkets.com 
         Laura Wood, Senior  Press Manager 
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900