Polystyrene Market of Asia-Pacific

Press Release   •   Feb 25, 2016 01:11 EST

The Asia-Pacific polystyrene market report defines and segments the concerned market with analysis and forecast of revenue. This market is estimated to cross $11,255.4 million by 2018 at a CAGR of 5.6% during the forecast period of 2013 to 2018.

Browse through the TOC of Asia-Pacific Polystyrene Market for an analysis of industry trends, segments & forecasts.

Polystyrene is a synthetic polymer derived from the polymerization of the monomer styrene. Polystyrene is widely used in various applications, and majorly for the manufacturing of disposable, single-use products. Polystyrene, owing to its superior physical and chemical properties, is used in a lot of manufacturing industries.

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The main industries that use polystyrene as a raw material are consumer goods, packaging, electronics parts, electronics & electrical appliances, construction, insulation, and food, among others. Polystyrene is demanded by industries in various compositions and varied properties. Polystyrene manufacturing companies, with extensive R&D, develop various new applications for polystyrene.

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Polystyrene manufacturers are adversely affected by the fluctuating global crude oil prices, as these fluctuations have direct impacts on their manufacturing costs. The Asia-Pacific market is projected to reach a value of $11,255.4 million by 2018, at a CAGR of 5.6% during the forecast period of 2013 to 2018. The Asia-Pacific region holds the largest share of the global market, owing to the huge demand from the packaging and electronics industries of the region. China holds the leading position in the Asia-Pacific market, both in terms of revenue as well as volume.

The major players in the Asia-Pacific market include Total Petrochemicals (France), Formosa Chemicals & Fibre Corporation (Taiwan), Toyo Styrene Co. Ltd. (Japan), Jiangsu Laidun Baofu Plastifying Co. (China), Korea Kumho Petrochemical Co. Ltd. (South Korea), PS Japan (Japan), Styrolution (Germany), and Chi Mei Corp (Taiwan), among others.

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