The Europe Polystyrene Market report defines and segments the concerned market with analysis and forecast of revenue. This market is estimated to cross $5,518.8 million mark by 2019, at a CAGR of 4.2% between 2014 and 2019.
Browse through the TOC of Europe Polystyrene Market for an analysis of industry trends, segments & forecasts.
Polystyrene is a type of thermoplastic monomer, which is made from styrene monomer. It is used in a wide range of applications, such as building and construction, electrical and electronic appliances, consumer goods, packaging, and other. Polystyrene is a relatively inexpensive and light weight material. In recent years, the polystyrene market has experienced rapid growth. The only limitation faced by the market is stringent rules and regulations, which can be overcome by developing recyclable polystyrene on a larger scale.
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The European market for polystyrene is projected to reach a value of $5,518.9 million by 2019, at a CAGR of 4.2% between 2014 and 2019. The growth is attributed to technological advancements and availability of cheap raw material in this region. In addition, Industrialization, growth in plastic and rubber industry, and non-availability of alternative sources are also driving the polystyrene market in Europe. Packaging industry is the leading consumer of polystyrene in Europe with a share of 37.64% in 2014.
The report highlights the high growth segments, competitive landscape, drivers and inhibitors, and other aspects of the market to present a comprehensive overview. In addition, it also provides market size forecast for various segments of the market.
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