A report on the Global Polystyrene (PS) Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Polystyrene (PS) market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
Read Detailed Index of full Research Study at@
https://www.contrivedatuminsights.com/request-sample/20221/
Polystyrene (PS) is a versatile polymer used in the production of a variety of consumer products. As a hard, solid plastic, it is often used in products that require transparency, including labware and food packaging. This plastic, combined with additives and other polymers, makes it ideal for applications in auto parts, consumer electronics, toys and devices. Expansion of the global electrical and electronics industry is driving the market. In addition, the expansion of PS recycling capacity will create growth prospects. However, the implementation of stringent regulations in North America and Europe will restrain the market growth.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Stryker, Medivators, Olympus, Hoya Corporation, Smith & Nephew, Fujifilm Holdings, Karl Storz, Medserv, Endoscopy Repair Specialis, Fibertech, Associated Endoscopy, EndocorpUSA, Medical Optics, HMB En. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
The market size in Asia Pacific was valued at USD 4.26 billion in 2020. The region held the largest market share in 2020 and is expected to maintain its position during 2021-2028. The major drivers of the market in Asia Pacific are India and China being the major consumers. China is the manufacturing hub for most electronics.
Development and expansion of retail chains will drive the demand for insulation materials in North America, thereby driving the use of Styrofoam. Additionally, the region is home to major electric vehicle manufacturers including Tesla Inc. The surge in the usage of electric vehicles in the U.S. will aid the growth of the region.
The market growth in Europe is mainly driven by increasing investments in EU countries to promote green and circular economy. These countries are focused on increasing their recycling capacity to meet the Sustainable Development Goals by 2030. The Netherlands, Italy and Belgium are a few countries investing heavily in expanding PS recycling capacity.
Polystyrene (PS) Market Segmentation:
By Type:
- EPS
- HIPS
- SPS
- Other
By Applications:
- Packaging
- Electronics
- Consumer Goods & Appliances
- Construction
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Polystyrene (PS) Market?
- Who are the top performing companies in Polystyrene (PS) Market?
- Which region dominated the worldwide market for Polystyrene (PS) in 2022?
Related Sources:
- https://www.digitaljournal.com/pr/global-5g-market-is-anticipated-to-grow-at-a-cagr-of-47-6-during-forecast-period-2022-to-2030
- https://www.openpr.com/news/2855392/x-ray-photoelectron-spectroscopy-market-massive-growth
About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +91 9834816757 | +1 2152974078
Email: [email protected]