Styrene is a colorless, gritty organic compound derived from benzene. Styrene is readily evaporable and is also used as a precursor to polystyrene and several other copolymers. The main types of styrene market are acrylonitrile butadiene styrene, expanded polystyrene, and other types. Expanded polystyrene (EPS) is a rigid, tough, and lightweight thermoplastic product. EPS is good for the packaging and construction industries because of its lightweight, strong, and excellent thermal insulation properties. It is also segmented by application into automotive, construction, packaging, consumer goods, and others that are available through offline and online distribution channels. The global styrene market is segmented - 1) By Type: Acrylonitrile butadiene styrene (ABS), Expanded polystyrene (EPS), Other Types 2) By Application: Automotive, Construction, Packaging consumer goods, Other Applications 3) By Distribution Channel: Offline, Online The global styrene market size is expected to grow from $49.3 billion in 2021 to $52.28 billion in 2022 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global styrene is expected to grow to $62.81 billion in 2026 at a CAGR of 4.7%. The high demand for polystyrene drives the growth of the styrene market. Styrene is used to produce polystyrene through suspension polymerization. Polystyrene is a versatile plastic used for the manufacturing of refrigerators, air conditioners, ovens, microwaves, and vacuum cleaners. Polystyrene is majorly used in the packaging industry as it keeps food fresher for a longer duration. The demand for polystyrene is high in the automobile industry, where it is used in manufacturing car knobs, instrument panels, trim, energy-absorbing door panels, and sound-dampening foam. Thus, strong demand for polystyrene has resulted in a rise in demand. For instance, India and Iran are expected to lead the capacity expansion in the forecast period in order to cater to the demand. In India, Supreme Petrochem and LG Polymers India are expected to add 0.15 mtpa and 0.03 mtpa (million tons per annum) respectively. Thus, the rising demand for polystyrene and its derivatives positively drives the growth of the styrene market. Major players in the styrene market are Alpek SAB DE CV, Ashland Inc., Ineos Group AG, Nova Chemicals Corporation, Bayer Material science, Chevron Phillips Chemical Company LLC., ENI S.p.A., INEOS Styrolution Holding Ltd., Saudi Basic Industries Corp. (SABIC), and Total S.A. The increasing health and environmental concerns due to the use of styrene limits the demand for styrene. Styrene is primarily used in the production of plastics and other resins. Short-term exposure to styrene in humans is known to result in mucous membrane and eye irritation and gastrointestinal effects, whereas long-term exposure to styrene results in effects on the central nervous system (CNS), such as headache, fatigue, weakness, depression, CSN dysfunction, hearing loss, and peripheral neuropathy. In animals, oral exposure to styrene affects the liver, blood, kidneys, and stomach. Thus, the ill effects of styrene on health and the environment restrict the growth of the styrene market. The companies in the styrene market are working towards developing techniques to recycle styrene. In order to increase the efficiency and popularity of styrene, companies are investing in developing methods to recycle styrene. In January 2022, Agilyx, a Norway-based chemical recycling firm and Toyo Styrene, a Japanese chemicals firm partnered and commenced the construction of Toyo Styrene Co Ltd polystyrene (PS) chemical recycling plant in Chiba, Japan. The plant will boast the per day capacity to recycle 10 tons of post-use polystyrene, a product produced from styrene and used in the manufacturing of tires, back into new styrene monomer for the future of the industry. In October 2020, Shrieve Chemical Company, a US-based chemicals company acquired Styrene Business unit and other assets of CLP Chemicals for an undisclosed amount. The acquisition expands Shrieve’s products offering and enhances its customer service. CLP Chemicals is an American industrial chemical distributor. Asia-Pacific was the largest region in the styrene market in 2022. North America was the second-largest region in the styrene market report. The regions covered in the styrene analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the styrene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The styrene market consists of the sales of styrene used for making synthetic rubber, resins, and plastics and improving drying oils. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The styrene market research report is one of a series of new reports from The Business Research Company that provides styrene market statistics, including styrene industry global market size, regional shares, competitors with a styrene market share, detailed styrene market segments, market trends and opportunities, and any further data you may need to thrive in the styrene industry. This styrene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Propylene is a basic versatile chemical as ethylene used in the manufacture of common household items. Propylene is a component of the addition polymer poly (propane), and it is also used in the production of epoxy propane and propanol. The main derivatives of propylene are polypropylene, propylene oxide, cumene, acrylonitrile, acrylic acid, acrylates, alcohols, and other derivatives. Polypropylene is a synthetic resin built by the polymerization of propylene. These are used in various applications of organic chemical raw materials, synthetic resins, fine chemicals, and other applications that are implemented by end-user industries such as automotive, construction, packaging, textile, and other end-use industries. The global propylene market is segmented - 1) By Derivatives: Polypropylene, Propylene oxide, Cumene, Acrylonitrile, Acrylic acid & Acrylates, Alcohols, Other Derivatives 2) By Application: Organic Chemical Raw Materials, Synthetic Resins, Fine Chemicals, Other Applications 3) By End User Industry: Automotive, Construction, Packaging, Textile, Other End-Use Industries The global propylene market size will grow from $104.04 billion in 2022 to $107.4 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global propylene is expected to grow to $121.74 billion in 2027 at a CAGR of 3.2%. The propylene market is expected to benefit from growth in the automobile industry during the forecast period. Polypropylene is a polymer produced from the propylene monomer which is used in the automobile industry. Large-scale production of automobiles is leading to an increase in demand for polypropylene products, which are used in the manufacturing of battery cases and trays, bumpers, interior trim, instrument panels, fender liners, door trims, and other components. According to the International Energy Agency, car sales reached 73 million in 2020 and are expected to increase more in the future. Thus, increased use of plastics in automobiles is expected to increase the demand for propylene during the forecast period. Major players in the propylene market are AGC Chemicals, Archer Daniels Midland Company, Asahi Kasei Corporation, BASF SE, Chevron Phillips Chemical Company, China National Petroleum Corp. (CNPC), China Petrochemical Corporation, Dangote Industries Ltd., Eni SpA, and Enterprise Products Partners L.P. Stringent safety regulations associated with the manufacture and transportation of propylene were a significant market restraint. Propylene is highly inflammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Propylene suppliers should invest in equipment, technologies, and processes to limit the toxic levels and chemical concentrations. These regulations increased the operating costs of companies in the propylene industry, thus limiting the scope for investments relating to the launch of new products and expansion into new markets, thereby affecting the market growth. Petrochemical companies are adopting on-purpose propylene production technologies to produce propylene as a sole product but not as an alternate or co-product. On-purpose propylene technology refers to a modified version of the traditional fluid catalytic cracking unit which increases propylene yield by 20% more than the actual output. Traditional sources for propylene, which include steam crackers and oil refineries, yield fewer propylene as a derivative or co-product due to a shift in feedstocks from naphtha to ethane. To meet the increased demand for propylene, petrochemical companies are investing in developing on-purpose technologies to accelerate the shortfall in propylene production. Major on-purpose technologies include propane dehydrogenation, methanol-to-olefins/methanol-to-propylene (MTO/MTP), high-severity fluidized catalytic cracking (HS-FCC), coal-to-olefins/coal-to-propylene (CTO/CTP), and gas-to-olefins (GTO). For instance, major companies adopting this technology include BASF, Dow Chemical, ExxonMobil Chemical, and Sidi Kerir Petrochemicals Co (SIDPEC). In January 2022, Invista, a US-based fiber, resin and intermediates company acquired propylene business of Flint Hills Resources for an undisclosed amount. The acquisition includes chemical facilities in Houston and Longview, Texas, ownership of pipelines that supply facilities, and support employees. The deal added propylene portfolio to Invista and enables future growth. Flint Hills Resources is an American refining company. The Asia-Pacific was the largest region in the propylene market in 2022. North America was the second-largest region in the global propylene market. The regions covered in the global propylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the propylene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The propylene market consists of the sales of propylene used in the production of acrylics, rubbing alcohol, epoxy glue, and carpets. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The propylene market research report is one of a series of new reports from The Business Research Company that provides propylene market statistics, including propylene industry global market size, regional shares, competitors with a propylene market share, detailed propylene market segments, market trends and opportunities, and any further data you may need to thrive in the propylene industry. This propylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive Plastics Market Definition

Automotive plastics refers to a polymer used in automotive vehicles to design and produce parts that provide mechanical strength, withstand shear stress, wear metal stress, offer aesthetic appearance, and are utilized in making the automotive body. These plastic components mainly replace the various metal parts in automobiles as they provide similar properties such as stiffness, flame retardancy, and others. The main types of automotive plastics are polypropylene (pp), polyurethane (PU), polyvinylchloride (PVC), polyamide (PA), acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), polycarbonate (PC), polybutylene terephthalate (pbt), and others. Polypropylene (PP) automotive plastics refer to a thermoplastic polymer that is tough, rigid, and crystalline. The various applications of automotive plastics are interior, exterior, under the bonnet, and electrical components, power train, and chassis which are used in conventional vehicles, electric vehicles, and hybrid vehicles.

Automotive Plastics Market Segmentation

The automotive plastics market covered in this report is segmented – 1) By Product Type: Polypropylene (PP), Polyurethane (PU), Polyvinylchloride (PVC), Polyamide (PA), Acrylonitrile Butadiene Styrene (ABS), High Density Polyethylene (HDPE), Polycarbonate (PC), Polybutylene Terephthalate (PBT), Other Product Types 2) By Application: Interior, Exterior, Under Bonnet, Electrical Components, Power Train, Chassis 3) By Vehicle Type: Conventional Or Traditional Vehicles, Electric Vehicles, Hybrid Vehicles Subsegments: 1) By Polypropylene (PP): Homopolymer PP, Copolymer PP 2) By Polyurethane (PU): Flexible PU, Rigid PU 3) By Polyvinylchloride (PVC): Rigid PVC, Flexible PVC 4) By Polyamide (PA): PA6, PA66 5) By Acrylonitrile Butadiene Styrene (ABS): Standard ABS, High-Impact ABS 6) By High-Density Polyethylene (HDPE): Injection-Molded HDPE, Blow-Molded HDPE 7) By Polycarbonate (PC): Standard PC, Impact-Resistant PC 8) By Polybutylene Terephthalate (PBT): Standard PBT, Reinforced PBT 9) By Other Product Types: Thermoplastic Elastomers (TPE), Polystyrene (PS), composites

Aerospace Plastics Market Definition

Aerospace plastics are long-lasting lightweight materials that have the same strength as metals, do not rust, are easy to fabricate, and require less maintenance than other materials to reduce aircraft fuel consumption and maintenance costs. The main polymer types in aerospace plastics are PEEK, PMMA, PC, PPS, and ABS. PMMA is used as an alternative for glass to manufacture windows and is widely used in the aerospace industry in manufacturing the canopies of aircraft. The various applications include aircraft frames, components, cabin interiors, wings and rotor blades, and others that are used by various end-users such as commercial aircraft, military aircraft, rotary aircraft, and general aviation.

Aerospace Plastics Market Segmentation

The aerospace plastics market covered in this report is segmented – 1) By Polymer Type: Polyether Ether Ketone (PEEK), Polymethyl Methacrylate (PMMA), Polycarbonates (PC), Polyphenylene Sulfide (PPS), Acrylonitrile Butadiene Styrene (ABS) 2) By Application: Aircraft Frame, Components, Cabin Interiors, Wings And Rotor Blades, Other Applications 3) By End-use: Commercial Aircrafts, Military Aircrafts, Rotary Aircrafts, General Aviation Subsegments: 1) By Polyether Ether Ketone (PEEK): Glass-Filled PEEK, Carbon-Filled PEEK, Unfilled PEEK 2) By Polymethyl Methacrylate (PMMA): Extruded PMMA, Cast PMMA, Impact-Modified PMMA 3) By Polycarbonates (PC): General-purpose Polycarbonate, High-Heat Polycarbonate, Impact-Resistant Polycarbonate 4) By Polyphenylene Sulfide (PPS): Unfilled PPS, Glass-Filled PPS, Carbon-Filled PPS 5) By Acrylonitrile Butadiene Styrene (ABS): Standard ABS, High-Impact ABS, Flame-Retardant ABS

Plasticizers Market Definition

Plasticizers are chemical additives used to increase the plasticity or fluidity of a material. Plasticizers have dominant uses in rubber, resins, and plastics, especially polyvinyl chloride (PVC). The product types of plasticizers are phthalate plasticizers, dop, dinp/didp/dphp, other non-phthalate plasticizers, dotp, adipates, trimellitates, epoxies, and benzoates. Phthalates are a group of chemicals that are used to make plastics more durable. A few of the phthalates are used to help dissolve other materials. Phthalates are in hundreds of products, like vinyl flooring, lubricating oils, and personal-care products like soaps, shampoos, and hair sprays. The distribution channels are online and offline. The various applications involved are flooring & walls, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and other applications.

Plasticizers Market Segmentation

The plasticizers market covered in this report is segmented – 1) By Product Type: Phthalates Plasticizers, Non-Phthalates Plasticizers 2) By Distribution Channel: Online, Offline 3) By Application: Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, Other Applications Subsegments: 1) By Phthalates Plasticizers: Di(2-Ethylhexyl) Phthalate (DEHP), Diisononyl Phthalate (DINP), Di-N-Butyl Phthalate (DBP), Dicyclohexyl Phthalate (DCHP), Other Phthalates 2) By Non-Phthalates Plasticizers: Adipates, Sebacates, Trimellitates, Epoxidized Soybean Oil (ESBO), Citrate Esters, Other Non-Phthalates

Blow-Molded Plastics  Market Definition

Blow molding is a plastic forming technique used to make hollow plastic products out of thermoplastic materials. Blow molding is also a quick manufacturing solution and offers versatile products; hence, it is appealing to many industries, such as food suppliers, medical and pharmaceutical companies, and others, due to the wide range of customizable bottles, containers, and other products. The main types of blow-molded plastics are Polypropylene, acrylonitrile butadiene styrene (abs), polyethylene, polystyrene, PVC, PET, and other types. Polypropylene (also known as propane or propylene) is a tough, rigid, crystalline thermoplastic derived from the monomer propane (or propylene). Polypropylene is used in a variety of applications, including plastic packaging, machinery and equipment parts, and even fibers and textiles. Extrusion, injection, and stretch are the various technologies used in blow-molded plastics, and the products are used in packaging, consumables and electronics, automotive and transport, building and construction, medical, and other applications.

Blow-Molded Plastics  Market Segmentation

The blow-molded plastics  market covered in this report is segmented – 1) By Type: Polypropylene, Acrylonitrile Butadiene Styrene (ABS), Polyethylene, Polystyrene, PVC, PET, Other Types 2) By Technology: Extrusion, Injection, Stretch 3) By Applications: Packaging, Consumables And Electronics, Automotive And Transport, Building And Construction, Medical, Other Applications Subsegments: 1) By Polypropylene: Homopolymer Polypropylene, Copolymer Polypropylene 2) By Acrylonitrile Butadiene Styrene (ABS): High-Impact ABS, Standard ABS 3) By Polyethylene: Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE) 4) By Polystyrene: General Purpose Polystyrene (GPPS), High-Impact Polystyrene (HIPS) 5) By PVC: Rigid PVC, Flexible PVC 6) By PET: Virgin PET, Recycled PET (rPET) 7) By Other Types: polycarbonate, Nylon, Thermoplastic Elastomers (TPE)

Plastic Resins Market Definition

The plastic resins market consists of sales of plastic resins by entities (organizations, sole traders, and partnerships) that are used for making different varieties of plastic products. Plastic resins are the base for all kinds of plastics, they are made to go through different processes, be transformed, and make fit for specific needs. They are mostly utilized by the electrical, and automotive industries for packaging and manufacturing of various parts. The main products of plastic resin are crystalline, non-crystalline, engineering plastic, and super engineering plastic. The engineering plastics constitute a group of plastics that distinguish themselves from the so-called commodity plastics by primarily demonstrating a greatly improved mechanical behavior over a wide range of temperatures, loads, and time. The various resin types include polyethylene, polyvinyl chloride, acrylonitrile butadiene styrene, polycarbonate, polystyrene, polymethyl methacrylate, and polybutylene terephthalate that are used in applications such as packaging, automotive, construction, electrical and electronics, logistics, textiles and clothing, furniture and bedding and medical device.

Plastic Resins Market Segmentation

The plastic resins market covered in this report is segmented – 1) By Product: Crystalline, Non-Crystalline, Engineering Plastic, Super Engineering Plastic 2) By Resin Type: Polyethylene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polycarbonate, Polystyrene, Polymethyl Methacrylate, Polybutylene Terephthalate 3) By Application: Packaging, Automotive, Construction, Electrical And Electronics, Logistics, Textiles And Clothing, Furniture And Bedding, Medical Device Subsegments: 1) By Crystalline: Polypropylene (PP), Polyethylene Terephthalate (PET), Polyamide (Nylon), Polyoxymethylene (POM) 2) By Non-Crystalline: Polystyrene (PS), Poly(methyl methacrylate) (PMMA), Polyvinyl Chloride (PVC), Polycarbonate (PC) 3) By Engineering Plastic: Acrylonitrile Butadiene Styrene (ABS), Polyamide (Nylon), Polybutylene Terephthalate (PBT), Polyphenylene Oxide (PPO) 4) By Super Engineering Plastic: Polysulfone (PSU), Polyetheretherketone (PEEK), Polyetherimide (PEI), Liquid Crystal Polymer (LCP)

Thermoforming Plastic Market Definition

Thermoforming plastics are used to produce packaging materials, and consumer products that are durable, resilient, and tamper-resistant. Thermoforming is a plastic manufacturing process that uses heat to shape plastic into a variety of products. It protects the products while in transit and offers several seal options that will either extend the product’s shelf life or allow easy access, depending on the packaging needs. These are extremely versatile and can be utilized to manufacture parts to meet an end user's requirements and for a very wide range of applications. The main types of thermoforming in thermoforming plastic are vacuum forming, pressure forming, and mechanical forming. Vacuum forming refers to a manufacturing method used to shape plastic materials. During the vacuum forming process, a sheet of plastic is heated and then pulled around a single mold using suction. The different plastic types include polyethylene, polypropylene, polystyrene, polyvinyl chloride, acrylonitrile butadiene styrene, bio-degradable polymers, and others. The various applications are healthcare and medical, food packaging, electrical and electronics, automotive packaging, construction, consumer goods and appliances, and other applications.

Thermoforming Plastic Market Segmentation

The thermoforming plastic market covered in this report is segmented – 1) By Thermoforming Type: Vacuum Forming, Pressure Forming, Mechanical Forming 2) By Plastic Type: Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Bio-Degradable Polymers, Other Plastic Types 3) By Application: Healthcare And Medical, Food Packaging, Electrical And Electronics, Automotive Packaging, Construction, Consumer Goods And Appliances, Other Applications Subsegments: 1) By Vacuum Forming: Thin-Gauge Vacuum Forming, Thick-Gauge Vacuum Forming 2) By Pressure Forming: High-Pressure Forming, Low-Pressure Forming 3) By Mechanical Forming: Plug Assist Forming, Drape Forming, Matched Mold Forming