Supply of Styrene in North America was observed to be adequate despite several maintenance turnarounds and forced outages amidst fears of series of seasonal hurricanes. Styrolution, a giant player in the US announced shutdowns at its two Styrene units in Texas and Bayport. Furthermore, turnarounds at derivative Polystyrene and SBR (Styrene Butadiene Rubber) plants weighed on its demand fundamentals in the second half of the third quarter. Amidst all this, gradual pick-up in demand for Styrene from the automotive sector provided a ray of hope on its overall demand fundamentals. Supply overhang was relieved by resumption in demand from Asian countries like Taiwan and South Korea by the end of the third quarter.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of Chemanalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Styrene are analyzed and region-wise demand pattern is tracked.
Styrene, in its pure form is an oily, yellow liquid that releases a sweet smell after evaporation. It is highly combustive in nature, as it forms dangerous explosives, its exposure to heat, oxidants and flames is restricted. Styrene is commercially produced by alkylation of Benzene with Ethylene. In the process, Ethylbenzene is formed as an intermediate which is further dehydrogenated to form Styrene. Styrene is also produced as a coproduct by reacting Propylene Oxide (PO) within POSM (Propylene Oxide/Styrene Monomer) units. The POSM manufacturing method is widely popular in Europe. Styrene can undergo polymerization via a several methods to produce copolymers and homopolymers like Styrene Butadiene Rubber (SBR), Polystyrene (PS) and other unsaturated polyester resins.