The global Polystyrene market stood at approximately 15.2 million tonnes in 2024 and is expected to grow at a steady CAGR of 4.85% during the forecast period until 2035.
Polystyrene is an artificial resin which appears to be strong, stiff, and translucent. Styrene, a liquid hydrocarbon, serves as the monomer for the polymer polystyrene. Free-radical initiators are mainly used in bulk and suspension techniques to polymerize styrene, although solution and emulsion methods are also in application. Polystyrene’s interesting properties like light-weight nature and insulation properties are driving its application in multiple industries. Polystyrene is employed to manufacture expanded polystyrene (EPS). EPS displays high level of thermal conductivity, and its blocks are used in the construction sector for applications like concrete floor slabs and underfloor heating.
The global Polystyrene market industry driven by its unique properties. Polystyrene is water – resistant which drives its application in the packaging industry. Furthermore, this polymer can also blend with other polymers. Furthermore, its application to manufacture automotive components and electronic goods will most likely propel the market in the upcoming years. Its insulation and high strength drive its heavy usage in the construction industry, which further fuels the Polystyrene demand. There is heavy usage of expanded polystyrene (EPS) for the building sector. Since it has a light and stiff foam structure that provides good thermal insulation and a high level of impact resistance, fueling the Polystyrene market. The global Polystyrene market is anticipated to reach approximately 18 million tonnes by 2035.
Based on grades, the Polystyrene market is segregated into High Impact Polystyrene (HIPS) and General-purpose polystyrene (GPPS) grade. Among these, the former grade, i.e., General purpose polystyrene (GPPS) is leading the market with a consumption of nearly 63% of global market in 2024. GPPS has a glass-like clarity that makes it popular in transparent food packaging, and it can be easily molded into different shapes. Because of this, GPPS is also a popular choice for plastic toy applications.
The region with the biggest demand for Polystyrene worldwide is Asia Pacific region and held a market share of around 58% of the world's Polystyrene market in the year 2024. Polystyrene is widely employed in the construction sector. Due to rapid industrialization, the demand of EPS is anticipated to rise, resulting in market expanding by 2035. Although, the demand of Polystyrene in Europe and North America is anticipated to experience a sluggish growth in the forecast period. Furthermore, APAC is also the highest producer of Polystyrene, with China as the top producer among other Asian Countries.
Based on the end-user industry, the Polystyrene market is segmented into Packaging, Household appliances, Consumer electronics products, Building and construction, and Others. Among these, Packaging industry is leading segment, followed by Household appliances industry. Packaging industry accounted for around 33% of the share of total Polystyrene demand in 2024. This industry is anticipated to maintain its position in the upcoming year owing to the growing demand of this plastic for food packaging coupled with growing population in the forecast period. Building and construction sector is also a flourishing sector
Significant companies for Global Polystyrene market are Zhangzhou CHIMEI Chemical Co., Ltd., Total Energies Petrochemicals, INEOS Styrolution, Qingdao Gon plastics Co,. Ltd., The Dow Chemical Company, Toyo Styrene Co. Ltd., Versalis and Americas Styrenics.
Years considered for this report:
Historical Period: 2015- 2023
Base Year: 2024
Estimated Year: 2025
Forecast Period: 2026-2035
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The objective of the Study:
• To assess the demand-supply scenario of Polystyrene, which covers the production, demand, and supply of Polystyrene around the globe.
• To analyze and forecast the market size of Polystyrene.
• To classify and forecast the Global Polystyrene market based on end-use and regional distribution.
• To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Polystyrene market.
To extract data for the Global Polystyrene market, primary research surveys were conducted with Polystyrene manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Global Polystyrene market over the coming years.
ChemAnalyst calculated Polystyrene demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Polystyrene across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polystyrene manufacturers and other stakeholders.
• Organizations, forums and alliances related to Polystyrene distribution.
• Government bodies such as regulating authorities and policy makers.
• Market research organizations and consulting companies.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polystyrene manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Polystyrene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2024
15.2 million tonnes
Market size Volume by 2035
18 million tonnes
Growth Rate
CAGR of 4.85% from 2025 to 2035
Base year
2024
Estimated Year
2025
Historic Data
2015 – 2023
Forecast period
2026 – 2035
Quantitative units
Demand in million tonnes and CAGR from 2025 to 2035
Report coverage
Capacity By Company, Capacity by Location, Capacity by Technology, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
Segments covered
By End-Use: (Packaging, Household appliances, Consumer electronics products, Building and construction, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Polystyrene.
2. Capacity By Location
To better understand the regional supply of Polystyrene by analyzing its manufacturers' location-based capacity.
3. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
4. Capacity By Technology
To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.
5. Production By Company
Study the historical annual production of Polystyrene by the leading players and forecast how it will grow in the coming years.
6. Demand by Grade
Learn about the various grades of Polystyrene - High Impact Polystyrene (HIPS) and General-purpose polystyrene (GPPS), and their demands. It will allow you to choose which grade to concentrate on when designing your strategy.
7. Demand by End- Use
Discover which end-user industry (Packaging, Household appliances, Consumer electronics products, Building and construction, and Others) are creating a market and the forecast for the growth of the Polystyrene market.
8. Demand by Region
Analyzing the change in demand of Polystyrene in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Polystyrene. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Polystyrene.
11. Company Share
Figure out what proportion of the market share of Polystyrene is currently held by leading players across the globe.
12. Country-wise Export
Get details about quantity of Polystyrene exported by major countries.
13. Country-wise Import
Get details about quantity of Polystyrene imported by major countries.
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It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
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supply of the product in the market at a Global level.
What was the global market size of Polystyrene in terms of volume for 2024?
Ans:
The global market size of Polystyrene was approximately 15.2 million tonnes in 2024, and it is expected to soar with a CAGR of 4.85% in the forecast period.
Q2.
What are the major end-use industries of Polystyrene?
Ans:
Polystyrene is used in a wide range of end use industries Packaging, Household appliances, Consumer electronics products, Electrical & Electronics, Building and construction, and Others..
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Ans:
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Ans:
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