Styrenics market report delivers insight of Styrenics industry over past 5 years and a forecast until 2021. Report analyses Styrenics key performing regions and manufactures in global market, splits Styrenics by type and by applications, to fully and deeply research and reveal the market situation and future forecast. Industry experts project Styrenics market to grow at a CAGR of 4.81% during the period 2017-2021.
Styrenics belong to the family of plastic products and use styrene as the key building block. Styrenics can easily be processed over a varied temperature range above its softening point. This is due to its amorphous structure. Except for moderately crystalline polymers including polyethylene, polypropylene, polyamides, and polyesters, styrenic polymers (excluding iso-tactic and syndio- polystyrene) do not exhibit different melting points. Hence, no thermal energy for melting of polymeric crystals is required during processing.
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Styrenics Market Trend, Challenge and Driver: –
Styrenics Market trend: – The latest trend gaining momentum in the market is emerging economies and infrastructural development. The emerging economies are focusing on infrastructural developments and long-term projects. China, India, Brazil, and countries in the Middle East are likely to increase their expenses in the infrastructure segment in the coming years. China continues to maintain its position as the leading market for styrenics resins in terms of consumption and production in the world. The country is expected to experience substantial growth in the styrenics market during the forecast period. This is due to the rising investment in infrastructural development and construction projects
Styrenics Market Challenge: – one of the major factors hindering the growth of this market is Availability of high-performance substitutes. The availability of substitutes such as epoxy, vinyl ester, acrylic, and polyurethane resins restricts the growth of the market. Vinyl ester is resistant to moisture and offers commercial barrier coating and corrosion resistance. Its mechanical and thermal properties are better than styrenics. Hence, the acceptance of epoxy, vinyl ester, acrylic, and polyurethane resins is becoming a restraint for the growth of the global styrenics market.
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Styrenics Market Driver: – One of the major drivers for this market is high growth in wind energy applications of UPR. UPR is used to manufacture wind blades, nacelles, rotors, and other products. These resins have varied advantages like low process and fast curing time against traditionally used epoxy resin. The usage of these resins during the manufacturing process improves energy efficiency and reduces cost by about 35%-40%. The manufacture of wind blades is a major application of UPR in the wind energy sector. UPR is preferred over epoxy resins for blade manufacturing due to the price advantage that it offers for a similar set of properties.
Consumer Landscape: –
The key to any successful business is understanding the new demands of the customers and keeping a close watch on the changing model of the client base. The more you engage with your client base, the clearer you are about the most productive ways in which to hook your ideal customer. Predicting what your customers want, even before they themselves know about it, is the first step to profitable innovation.
Key vendors operating in Styrenics market space are Sinopec, Covestro, LyondellBasell Industries Holdings, Synthos, Total and many more.
Geographic Segmentation: – APAC, Europe, North America, ROW
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Styrenics Market Report highlights following key factors:
- A complete background analysis of Styrenics industry, which includes an assessment of the parental market.
- Emerging trends by segments and regional markets.
- Significant changes in market dynamics & market overview.
- Market breakdown up to the second or third level.
- Market shares and approaches of key players in Styrenics market.
- Current and predictable size of Styrenics market from the perspective of both value and volume.
- Reporting and estimation of recent industry developments.
- References to companies for establishment their position in the market
- Provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.