Styrene Market Size, Share, Scope, Trends, Growth, 2030

Styrene Market Analysis: Plant Capacity, Production, Operating Efficiency,

Technology, Demand & Supply, Application, Distribution Channel, Regional

Demand, 2015-2030

Styrene Market witnessed a demand of around 16.46 million tons globally in 2020 and is anticipated

to grow at a significant rate with a healthy CAGR of 3.84% until 2030 owing to its surging demand

from the packaging industry.

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[Online Quarterly Update] Styrene market witnessed a demand of 16.46 million tons in 2020 and is

anticipated to grow at a healthy CAGR of 3.84% through the forecast period, 2030. It is a colorless to

pale yellowish (after aging) in color and is highly volatile, flammable oily liquid with a sweet smell.

Commercially, the majority of the Styrene is produced by the alkylation of Benzene with Ethylene.

Ethylbenzene is formed as an intermediate which is further dehydrogenated to form Styrene. Another

method for its production is via Ethylbenzene Hyperoxide, in which Styrene is produced as a coproduct

by reacting Propylene Oxide (PO) within POSM (Propylene Oxide/Styrene Monomer) units. It is primarily

used in manufacturing synthetic rubbers, latex, polystyrene resins which are further employed in making

disposable cutlery, insulations, pipes, plastic packaging, automobile and electronics part, printing

cartridges, containers, etc.

Based on its derivatives, the market is segmented into Polystyrene (PS), Acrylonitrile-Butadiene-Styrene

(ABS), Unsaturated Polyester Resins (UPR), Styrene-Butadiene Rubber (SBR) and Others. PS is one of

the most commonly used thermoplastic resins, which is further classified into types such as High

Impact Polystyrene (HIPS), General Purpose Polystyrene (GPPS), Expandable Polystyrene (EPS) and

https://www.chemanalyst.com/industry-report/styrene-market-650

Extruded Polystyrene (XPS). Surging demand for PS from the packaging industry is likely to drive the

demand in the forthcoming years. Styrene and its derivatives find applications in various end-use

industries such as Automobile, Packaging, Construction, Consumer Goods, and Others. Thereby,

growth in these end-user industries is anticipated to boost the market over the forecast period.

However, the health and environmental hazards associated with the chemical compound may hamper

its market growth in the forecast period.

In the first half of 2020, the sudden outbreak of the COVID-19 pandemic, led to the imposition of

nationwide lockdowns by the major economies to control the spread of virus. It resulted into slowdown

in industrial operations due to raw material scarcity, labor shortage, etc. that subsequently impacted

the growth of industries worldwide. The demand for Styrene also dipped as the construction and

automobile sectors were drastically hit. Though its demand to make Polystyrene was increased due to

the rise in e-commerce amid the covid crisis and PS is largely used in the packaging industry which

helps the Styrene market to sustain and recovered easily amid pandemics. However, in the latter half

of 2020, an improvement in the demand for Styrene is witnessed due to the speedy recovery in the

automobile, construction and other end-use industries, thereby, driving the growth of the market over

the forecast years.

Years Considered for this Report:

Historical Years: 2015 – 2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022 – 2030

Objective of the Study:

• The primary objective of the study was to evaluate and forecast the Styrene capacity,

production, demand, inventory, and demand–supply gap globally.

• To categorize Styrene demand based on End Use, Type, Region, and Distribution channel

• To identify major customers of Styrene globally.

• To evaluate and forecast Styrene pricing globally.

• To identify and profile major companies operating globally Styrene market.

• To identify major news, deals and expansion plans globally Styrene market.

Regional Outlook:

Region wise, Asia Pacific accounted for the maximum share of the Styrene market, followed by North

America. Due to rapid industrialization, urbanization, ongoing construction projects in the region,

market is expected to boost through 2030. Moreover, China is a manufacturing hub of Consumer

Goods, Electronics, and Plastics which is also likely to drive the market for Styrene over the forecast

period.

Key Players:

➢ Chevron Phillips Chemical Company

➢ Bayer Material science

➢ Royal Dutch Shell plc.

➢ Ashland Inc

➢ Nova Chemicals Corporation

➢ SABIC Co.

➢ Ineos Group AG

➢ Alpek S.A.B. de C.V.

➢ Hanwha Group, Eni S.p.A., and TotalEnergies S.A. among others.

To extract data for Global Styrene market, primary research surveys were conducted with Styrene

manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents

were also inquired about their competitors. Through this technique, Chemanol’s was able to include

manufacturers that could not be identified due to the limitations of secondary research. Moreover,

chemicals analyzed various end user segments and projected a positive outlook for Global Styrene

market over the coming years.

ChemAnalyst calculated Styrene demand globally by analyzing the historical data and demand forecast

which was carried out considering the Application industries growth. ChemAnalyst sourced these

values from industry experts and company representatives and externally validated through analyzing

historical sales data of respective manufacturers to arrive at the overall market size. Various secondary

sources such as company websites, association reports, annual reports, etc., were also studied by

ChemAnalyst.

Key Target Audience

• Styrene manufacturers and other stakeholders

• Organizations, forums and alliances related to Styrene distribution

• Government bodies such as regulating authorities and policy makers

• Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry

stakeholders, such as Styrene manufacturers, distributors and policymakers. The report also provides

useful insights about which market segments should be targeted over the coming years to strategize

investments and capitalize on growth opportunities.

Report Scope:

In this report, the Global Styrene market has been segmented into following categories, in addition to

the industry trends which have also been detailed below:

Attribute Details

Market size volume in

2020

16.46 million Tons

Growth Rate CAGR of 3.84% from 2021 to 2030

Base year for estimation 2020

Historic Data 2015 – 2019

Forecast period 2021 – 2030

Quantitative units Revenue in USD million/billion and CAGR from 2021 to 2030

Report coverage Revenue forecast, demand & supply, competitive analysis, competitive landscape,

growth factors, and trends

Segments covered • End Use: (Automobile, Packaging, Construction, Consumer Goods and

Others)

• Type: (Polystyrene (PS), Acrylonitrile-Butadiene-Styrene (ABS), Unsaturated

Polyester Resins (UPR), Styrene-Butadiene Rubber (SBR) and Others)

• Distribution Channel (Direct/Institutional Sales, Other Channel Sales)

Regional scope North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan;

Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden;

Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina

Key companies profiled Chevron Phillips Chemical Company, Bayer Material science, Royal Dutch Shell plc., Ashland Inc, Nova Chemicals Corporation, SABIC Co., Ineos Group AG, Alpek S.A.B. de C.V., Hanwha Group, Eni S.p.A., and TotalEnergies S.A. among others

Customization scope Free report customization with purchase. Addition or alteration to country, regional

& segment scope.

Pricing and purchase

options

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TABLE OF CONTENTS

1. Global Styrene Market Outlook, 2015-2030

1.1. Capacity, By Volume

1.1.1. By Company

1.2. Production, By Volume

1.2.1. By Company

1.3. Operating Efficiency

1.3.1. By Company

2. Global Styrene Demand Outlook, 2015-2030, By Volume

2.1. By End Use

2.2. By Type

2.3. By Region

2.4. By Company

2.5. By Sales channel

3. North America Styrene Market Outlook, 2015-2030


3.1.1. By Country

3.2. Production

3.2.1. By Country


3.3.1. By Country

4. North America Styrene Demand Outlook, 2015-2030, By Volume

4.1. By End Use

4.2. By Type

4.3. By Country

4.4. United States Styrene Market Outlook, 2015-2030

4.4.1. Capacity, By Volume

4.4.1.1. By Company

4.4.1.2. By Location

4.4.2. Production

4.4.2.1. By Company

4.4.3. Operating Efficiency

4.4.3.1. By Company

4.4.4. United States Styrene Demand-Supply Scenario, 2015-2030, By Volume

4.4.4.1. Demand

4.4.4.2. Supply

4.4.4.3. Gap

4.4.5. United States Styrene Demand Outlook, 2015-2030, By Volume

4.4.5.1. By End Use

4.4.5.2. By Type

4.4.5.3. By Company Share (At least top 3 companies’ market share)

4.4.5.4. By Region

4.4.5.5. By Sales Channel

4.5. Mexico Styrene Market Outlook, 2015-2030


4.5.1.1. By Company


4.5.2. Production

4.5.2.1. By Company


4.5.3.1. By Company

4.5.4. Mexico Styrene Demand-Supply Scenario, 2015-2030, By Volume

4.5.4.1. Demand

4.5.4.2. Supply

4.5.4.3. Gap

4.5.5. Mexico Styrene Demand Outlook, 2015-2030, By Volume

4.5.5.1. By End Use

4.5.5.2. By Type


4.5.5.4. By Region


4.6. Canada Styrene Market Outlook, 2015-2030


4.6.1.1. By Company


4.6.2. Production

4.6.2.1. By Company


4.6.3.1. By Company

4.6.4. Canada Styrene Demand-Supply Scenario, 2015-2030, By Volume

4.6.4.1. Demand

4.6.4.2. Supply

4.6.4.3. Gap

4.6.5. Canada Styrene Demand Outlook, 2015-2030, By Volume

4.6.5.1. By End Use

4.6.5.2. By Type


4.6.5.4. By Region


5. Asia Pacific Styrene Market Outlook, 2015-2030


5.1.1. By Country

5.2. Production

5.2.1. By Country


5.3.1. By Country

6. Asia Pacific Styrene Demand Outlook, 2015-2030, By Volume

6.1. By End Use

6.2. By Type

6.3. By Country

6.4. China Styrene Market Outlook, 2015-2030


6.4.1.1. By Company


6.4.2. Production

6.4.2.1. By Company


6.4.3.1. By Company

6.4.4. China Styrene Demand-Supply Scenario, 2015-2030, By Volume

6.4.4.1. Demand

6.4.4.2. Supply

6.4.4.3. Gap

6.4.5. China Styrene Demand Outlook, 2015-2030, By Volume

6.4.5.1. By End Use

6.4.5.2. By Type


6.4.5.4. By Region


6.5. India Styrene Market Outlook, 2015-2030


6.5.1.1. By Company


6.5.2. Production

6.5.2.1. By Company


6.5.3.1. By Company

6.5.4. India Styrene Demand-Supply Scenario, 2015-2030, By Volume

6.5.4.1. Demand

6.5.4.2. Supply

6.5.4.3. Gap

6.5.5. India Styrene Demand Outlook, 2015-2030, By Volume

6.5.5.1. By End Use

6.5.5.2. By Type


6.5.5.4. By Region


6.6. Japan Styrene Market Outlook, 2015-2030


6.6.1.1. By Company


6.6.2. Production

6.6.2.1. By Company


6.6.3.1. By Company

6.6.4. Japan Styrene Demand-Supply Scenario, 2015-2030, By Volume

6.6.4.1. Demand

6.6.4.2. Supply

6.6.4.3. Gap

6.6.5. Japan Styrene Demand Outlook, 2015-2030, By Volume

6.6.5.1. By End Use

6.6.5.2. By Type


6.6.5.4. By Region


6.7. South Korea Styrene Market Outlook, 2015-2030


6.7.1.1. By Company


6.7.2. Production

6.7.2.1. By Company


6.7.3.1. By Company

6.7.4. South Korea Styrene Demand-Supply Scenario, 2015-2030, By Volume

6.7.4.1. Demand

6.7.4.2. Supply

6.7.4.3. Gap

6.7.5. South Korea Styrene Demand Outlook, 2015-2030, By Volume

6.7.5.1. By End Use

6.7.5.2. By Type


6.7.5.4. By Region


6.8. Taiwan Styrene Market Outlook, 2015-2030


6.8.1.1. By Company


6.8.2. Production

6.8.2.1. By Company


6.8.3.1. By Company

6.8.4. Taiwan Styrene Demand-Supply Scenario, 2015-2030, By Volume

6.8.4.1. Demand

6.8.4.2. Supply

6.8.4.3. Gap

6.8.5. Taiwan Styrene Demand Outlook, 2015-2030, By Volume

6.8.5.1. By End Use

6.8.5.2. By Type

6.8.5.3. By Region



6.9. Singapore Styrene Market Outlook, 2015-2030


6.9.1.1. By Company


6.9.2. Production

6.9.2.1. By Company


6.9.3.1. By Company

6.9.4. Singapore Styrene Demand-Supply Scenario, 2015-2030, By Volume

6.9.4.1. Demand

6.9.4.2. Supply

6.9.4.3. Gap

6.9.5. Singapore Styrene Demand Outlook, 2015-2030, By Volume

6.9.5.1. By End Use

6.9.5.2. By Type

6.9.5.3. By Region



7. Europe Styrene Market Outlook, 2015-2030


7.1.1. By Country

7.2. Production

7.2.1. By Country


7.3.1. By Country

8. Europe Styrene Demand Outlook, 2015-2030, By Volume

8.1. By End Use

8.2. By Type

8.3. By Sales Channel (Direct/Institutional Sales, Retail Sales, Other Channel Sales)

8.4. By Country

8.5. Germany Styrene Market Outlook, 2015-2030


8.5.1.1. By Company


8.5.2. Production

8.5.2.1. By Company


8.5.3.1. By Company

8.5.4. Germany Styrene Demand-Supply Scenario, 2015-2030, By Volume

8.5.4.1. Demand

8.5.4.2. Supply

8.5.4.3. Gap

8.5.5. Germany Styrene Demand Outlook, 2015-2030, By Volume

8.5.5.1. By End Use

8.5.5.2. By Type


8.5.5.4. By Region


8.5.6. Belgium Styrene Market Outlook, 2015-2030

8.5.6.1. Capacity, By Volume

8.5.6.1.1. By Company

8.5.6.1.2. By Location

8.5.6.2. Production


8.5.6.3. Operating Efficiency


8.5.7. Belgium Styrene Demand-Supply Scenario, 2015-2030, By Volume

8.5.7.1. Demand

8.5.7.2. Supply

8.5.7.3. Gap

8.5.8. Belgium Styrene Demand Outlook, 2015-2030, By Volume

8.5.8.1. By End Use

8.5.8.2. By Type



8.5.8.5. By Region

8.6. France Styrene Market Outlook, 2015-2030


8.6.1.1. By Company


8.6.2. Production

8.6.2.1. By Company


8.6.3.1. By Company

8.6.4. France Styrene Demand-Supply Scenario, 2015-2030, By Volume

8.6.4.1. Demand

8.6.4.2. Supply

8.6.4.3. Gap

8.6.5. France Styrene Demand Outlook, 2015-2030, By Volume

8.6.5.1. By End Use

8.6.5.2. By Type



8.6.5.5. By Region

8.7. United Kingdom Styrene Market Outlook, 2015-2030


8.7.1.1. By Company


8.7.2. Production

8.7.2.1. By Company


8.7.3.1. By Company

8.7.4. United Kingdom Styrene Demand-Supply Scenario, 2015-2030, By Volume

8.7.4.1. Demand

8.7.4.2. Supply

8.7.4.3. Gap

8.7.5. United Kingdom Styrene Demand Outlook, 2015-2030, By Volume

8.7.5.1. By End Use

8.7.5.2. By Type



8.7.5.5. By Region

8.8. Spain Styrene Market Outlook, 2015-2030


8.8.1.1. By Company


8.8.2. Production

8.8.2.1. By Company


8.8.3.1. By Company

8.8.4. Spain Styrene Demand-Supply Scenario, 2015-2030, By Volume

8.8.4.1. Demand

8.8.4.2. Supply

8.8.4.3. Gap

8.8.5. Spain Styrene Demand Outlook, 2015-2030, By Volume

8.8.5.1. By End Use

8.8.5.2. By Type



8.8.5.5. By Region

8.9. Italy Styrene Market Outlook, 2015-2030


8.9.1.1. By Company


8.9.2. Production

8.9.2.1. By Company


8.9.3.1. By Company

8.9.4. Italy Styrene Demand-Supply Scenario, 2015-2030, By Volume

8.9.4.1. Demand

8.9.4.2. Supply

8.9.4.3. Gap

8.9.5. Italy Styrene Demand Outlook, 2015-2030, By Volume

8.9.5.1. By End Use

8.9.5.2. By Type



8.9.5.5. By Region

8.10. Sweden Styrene Market Outlook, 2015-2030


8.10.1.1. By Company


8.10.2. Production




8.10.4. Sweden Styrene Demand-Supply Scenario, 2015-2030, By Volume

8.10.4.1. Demand

8.10.4.2. Supply

8.10.4.3. Gap

8.10.5. Sweden Styrene Demand Outlook, 2015-2030, By Volume

8.10.5.1. By End Use

8.10.5.2. By Type



8.10.5.5. By Region

8.11. Austria Styrene Market Outlook, 2015-2030




8.11.2. Production




8.11.4. Austria Styrene Demand-Supply Scenario, 2015-2030, By Volume

8.11.4.1. Demand

8.11.4.2. Supply

8.11.4.3. Gap

8.11.5. Austria Styrene Demand Outlook, 2015-2030, By Volume


8.11.5.2. By Type



8.11.5.5. By Region

9. MEA Styrene Market Outlook, 2015-2030


9.1.1. By Country

9.2. Production

9.2.1. By Country


9.3.1. By Country

10. MEA Styrene Demand Outlook, 2015-2030, By Volume

10.1. By End Use

10.2. By Type

10.3. By Sales Channel

10.4. By Country

10.5. Saudi Arabia Styrene Market Outlook, 2015-2030




10.5.2. Production




10.5.4. Saudi Arabia Styrene Demand-Supply Scenario, 2015-2030, By Volume

10.5.4.1. Demand

10.5.4.2. Supply

10.5.4.3. Gap

10.5.5. Saudi Arabia Styrene Demand Outlook, 2015-2030, By Volume


10.5.5.2. By Type



10.5.5.5. By Region

10.6. Iran Styrene Market Outlook, 2015-2030




10.6.2. Production




10.6.4. Iran Styrene Demand-Supply Scenario, 2015-2030, By Volume

10.6.4.1. Demand

10.6.4.2. Supply

10.6.4.3. Gap

10.6.5. Iran Styrene Demand Outlook, 2015-2030, By Volume


10.6.5.2. By Type



10.6.5.5. By Region.

10.7. South Africa Styrene Market Outlook, 2015-2030




10.7.2. Production




10.7.4. South Africa Styrene Demand-Supply Scenario, 2015-2030, By Volume

10.7.4.1. Demand

10.7.4.2. Supply

10.7.4.3. Gap

10.7.5. South Africa Styrene Demand Outlook, 2015-2030, By Volume


10.7.5.2. By Type



10.7.5.5. By Region

11. South America Styrene Market Outlook, 2015-2030


11.1.1. By Country

11.2. Production

11.2.1. By Country


11.3.1. By Country

12. South America Styrene Demand Outlook, 2015-2030, By Volume

12.1. By End Use

12.2. By Type

12.3. By Sales Channel (Direct/Institutional Sales, Retail Sales, Other Channel

Sales)

12.4. By Company Share (At least top 3 companies’ market share)

12.5. By Country

12.6. Brazil Styrene Market Outlook, 2015-2030




12.6.2. Production




12.6.4. Brazil Styrene Demand-Supply Scenario, 2015-2030, By Volume

12.6.4.1. Demand

12.6.4.2. Supply

12.6.4.3. Gap

12.6.5. Brazil Styrene Demand Outlook, 2015-2030, By Volume


12.6.5.2. By Type



12.6.5.5. By Region

12.7. Argentina Styrene Market Outlook, 2015-2030




12.7.2. Production




12.7.4. Argentina Styrene Demand-Supply Scenario, 2015-2030, By Volume

12.7.4.1. Demand

12.7.4.2. Supply

12.7.4.3. Gap

12.7.5. Argentina Styrene Demand Outlook, 2015-2030, By Volume


12.7.5.2. By Type


12.7.5.4. By Company Share (At least top 3 companies’ market share

12.7.5.5. By Region

13. Country-wise Import

14. Country-wise Export

15. News and Deals

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Styrene Market Size, Share, Scope, Trends, Growth, 2030