市場調查報告書
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1397733
全球聚苯乙烯市場規模、佔有率、產業趨勢分析報告:按泡沫類型、最終用途、樹脂類型、地區分類的展望與預測,2023-2030年Global Polystyrene Market Size, Share & Industry Trends Analysis Report By Form Type (Foams, Injection Molding, Films & Sheets, and Others), By End-Use, By Resin Type, By Regional Outlook and Forecast, 2023 - 2030 |
到 2030 年,聚苯乙烯市場規模預計將達到 548 億美元,預測期內年複合成長率為 4.1%。 2022年市場規模將達16,991.8千噸,成長3.3%(2019-2022年)。
根據 KBV 基數矩陣中的分析,SABIC 在該市場處於領先。 2023年7月,SABIC與法國跨國綜合能源和石油公司TotalEnergies SE以及國家石油和天然氣公司沙烏地阿拉伯石油公司聯手。透過此次合作,兩家公司在沙烏地阿拉伯王國創建了一條國內價值鏈,將從塑膠廢棄物中提取的石油轉化為循環聚合物。此外,此次合作也有助於實現解決上下游挑戰的石化價值鏈。
市場成長要素
材料技術創新
材料技術的持續創新,例如先進配方的開發和奈米技術的整合,正在促進市場的擴張。這些創新改善了材料的性能並為應用開闢了新的可能性。將奈米技術融入這些配方中是一項值得注意的創新。奈米顆粒的加入可以增強某些性能,例如機械強度、阻隔性能和阻燃性。由於材料技術的創新,市場正在顯著擴大。
消費性電子產品製造業成長
由於其多功能性、透明度和成本效益,消費性電子產業將其用於外殼和組件。電子設備的普及和電子領域不斷的技術創新正在促進市場的持續成長。聚苯乙烯,尤其是 GPPS,是一種多功能材料,可以輕鬆成型為複雜的形狀。因此,非常適合製造智慧型手機、筆記型電腦、平板設備、音訊設備等各種電子設備的機殼。由於消費性電子產品製造的增加,預計該市場將顯著擴大。
市場抑制因素
環境問題是一個重大問題
市場面臨的最大挑戰之一是環境影響。傳統的聚苯乙烯不易生物分解,並且可以長時間保留在環境中。廢棄物的積累,特別是在海洋環境中,引起了環境問題,並導致人們呼籲採用更永續的替代品。環境問題導致社會對聚苯乙烯材料的負面看法。與回收聚苯乙烯相關的挑戰加劇了環境問題。環境問題是阻礙市場成長的主要挑戰。
表格類型展望
根據泡棉類型,市場分為泡棉、薄膜和片材、射出成型等。 2022 年,薄膜和片材領域在市場中佔據了重要的收益佔有率。由它們製成的薄膜和片材廣泛用於包裝行業。其透明度、重量輕且易於加工,使其成為包裝應用的理想材料。薄膜和片材為各種產品提供了經濟實惠的選擇,包括食品包裝、泡殼包裝和保護性包裝。這些薄膜和片材可以輕鬆熱成型為多種形狀。
最終用途展望
依最終用途分類,市場分為包裝、建築/施工、電氣/電子、消費品等。在2022年的市場中,電氣和電子產業獲得了很大的收益佔有率。 HIPS 通常用於電子元件的絕緣。其電絕緣特性使其成為外殼和外殼的合適材料,可保護精密電子電路免受外部影響並防止電氣干擾。用於製造各種電子元件和連接器。易於成型和客製化使製造商能夠創建複雜的連接器和外殼設計,以滿足電子設備的特定要求。
樹脂類型的展望
根據樹脂類型,市場分為通用聚苯乙烯(GPPS)、高抗衝聚苯乙烯(HIPS)和可發性聚苯乙烯(EPS)。 2022 年,高抗衝聚苯乙烯 (HIPS) 領域佔據市場最高收益佔有率。 HIPS 可以使用標準生產技術(例如射出成型、擠出和熱成型)輕鬆製造。這種易於加工的特性使製造商能夠有效地生產各種產品,從而提高成本效率並簡化生產過程。 HIPS 具有耐化學性,使其更適合特定應用。
區域展望
從區域來看,我們對北美、歐洲、亞太地區和拉丁美洲地區的市場進行了分析。 2022年,亞太地區以最高的收益佔有率引領市場。由於電子商務和消費的成長,包裝行業正在亞太地區迅速擴張。由於其重量輕、透明且具有成本效益,在亞太地區廣泛應用於包裝材料。在亞太地區,它用於醫療和保健應用,包括生產試管、培養皿和注射器等一次性醫療產品。
The Global Polystyrene Market size is expected to reach $54.8 billion by 2030, rising at a market growth of 4.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 16,991.8 Kilo Tonnes, experiencing a growth of 3.3% (2019-2022).
EPS is widely used as a thermal insulation material in construction. Excellent thermal insulation qualities are provided by its closed-cell structure, which helps control indoor temperature and lower energy use for heating and cooling. Therefore, the building & construction segment captured $6,202.5 million revenue in the market in 2022. The use of EPS insulation contributes to energy-efficient and sustainable building practices. These materials can be easily shaped and customized to fit specific construction requirements. This flexibility allows architects and builders to design and create unique architectural elements, decorative moldings, and customized insulation solutions, contributing to the versatility of this in construction.
The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July, 2023, INEOS Styrolution Group GmbH formed a partnership with TOMRA Systems ASA, and EGN Group A/S, to convert post-consumer waste materials into recycled products for use in food packaging. In May, 2023, SABIC collaborated with Stella McCartney Beauty, TEXEN SAS, Leygatech, and STTP Emballage to utilize the renewable polymers in the TRUCIRCLE product portfolio of SABIC and developed skin and eye care refill containers.
Based on the Analysis presented in the KBV Cardinal matrix; SABIC is the forerunners in the market. In July, 2023, SABIC joined hands with TotalEnergies SE, a French multinational integrated energy and petroleum company, and Saudi Arabian Oil Company, a state-owned petroleum and natural gas company. Under this collaboration, the companies created a domestic value chain for the conversion of the oil extracted from plastic waste into circular polymers in the Kingdom of Saudi Arabia. Additionally, this collaboration helped to achieve a petrochemical value chain to solve the upstream and downstream challenges. Companies such as TotalEnergies SE, LG Chem Ltd. (LG Corporation), Alfa, S. A. B. de C. V. are some of the key innovators in market.
Market Growth Factors
Innovations in material technology
Ongoing innovations in material technology, including the development of advanced formulations and the integration of nanotechnology, contribute to the expansion of the market. These innovations enhance the material's properties and open new possibilities for applications. The integration of nanotechnology into these formulations is a notable innovation. Nanoparticles can be incorporated to enhance specific properties, such as mechanical strength, barrier properties, and flame resistance. The market is expanding significantly due to the innovations in material technology.
Increasing consumer electronics manufacturing
Due to its versatility, clarity, and cost-effectiveness, the consumer electronics industry relies on this for casings and components. The proliferation of electronic devices and the constant innovation in the electronics sector contribute to the continued growth of the market. Polystyrene, especially GPPS, is a versatile material that can be easily molded into intricate shapes. This makes it ideal for manufacturing casings and enclosures for various electronic devices such as smartphones, laptops, tablets, and audio equipment. As a result of the increasing consumer electronics manufacturing, the market is anticipated to increase significantly.
Market Restraining Factors
Environmental concerns are a significant challenge
One of the most significant challenges facing the market is its environmental impact. Traditional polystyrene is not easily biodegradable and can persist in the environment for extended periods. The accumulation of its waste, particularly in marine environments, has raised environmental concerns and led to calls for more sustainable alternatives. Environmental concerns contribute to a negative public perception of this as a material. The challenges associated with recycling polystyrene contribute to environmental concerns. Environmental concerns are a significant challenge that hampers the growth of market.
Foam Type Outlook
Based on form type, the market is classified into foams, films & sheets, injection molding, and others. The film & sheets segment acquired a substantial revenue share in the market in 2022. Films & sheets made from these are extensively used in the packaging industry. Their clarity, lightweight nature, and ease of processing make them ideal materials for packaging applications. Films and sheets provide affordable options for various products, including food packaging, blister packs, and protective wrapping. These films and sheets can be easily thermoformed into multiple shapes.
End Use Outlook
On the basis of end-use, the market is divided into packaging, building & construction, electrical & electronics, consumer goods, and others. The electrical & electronics segment garnered a significant revenue share in the market in 2022. HIPS is often used for the insulation of electronic components. Its electrical insulating properties make it a suitable material for casings and housings that protect sensitive electronic circuits from external influences and prevent electrical interference. It is used to produce various electronic components and connectors. Its ease of molding and customization allows manufacturers to create intricate designs for connectors and housings, meeting the specific requirements of electronic devices.
Resin Type Outlook
By resin type, the market is categorized into general purpose polystyrene (GPPS), high impact polystyrene (HIPS), and expandable polystyrene (EPS). In 2022, the high impact polystyrene (HIPS) segment held the highest revenue share in the market. HIPS is easily processed utilizing standard production techniques such as molding by injection, extrusion, and thermoforming. This ease of processing enables manufacturers to efficiently produce various products, contributing to cost-effectiveness and streamlined production processes. HIPS exhibits resistance to chemicals, which enhances its suitability for specific applications.
Regional Outlook
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. Due to rising e-commerce and consumption, the packaging industry is expanding quickly in the Asia-Pacific region. This, with its lightweight nature, transparency, and cost-effectiveness, is widely used in packaging materials in Asia Pacific. This is utilized in the Asia Pacific region for medical and healthcare applications, including producing disposable medical products such as test tubes, petri dishes, and syringes.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SABIC (Saudi Arabian Oil Company), Alfa, S. A. B. de C. V., BASF SE, CHIMEI Corporation, TotalEnergies SE, INEOS Styrolution Group GmbH, Atlas Roofing Corporation (Atlas Molded Products) (Hood Companies, Inc.), Trinseo PLC, LG Chem Ltd. (LG Corporation), and Synthos S.A.
Recent Strategies Deployed in the Polystyrene Market
Partnerships, Collaborations, and Agreements:
Jul-2023: INEOS Styrolution Group GmbH formed a partnership with TOMRA Systems ASA, a Norwegian multinational corporation engaged in manufacturing sorting products, and EGN Group A/S, the world's largest peer advisory and executive coaching organization. Under this partnership, the companies converted post-consumer polystyrene (PS) waste materials into recycled polystyrene products for use in food packaging.
Jul-2023: SABIC joined hands with TotalEnergies SE, a French multinational integrated energy and petroleum company, and Saudi Arabian Oil Company, a state-owned petroleum and natural gas company. Under this collaboration, the companies created a domestic value chain for the conversion of the oil extracted from plastic waste into circular polymers in the Kingdom of Saudi Arabia. Additionally, this collaboration helped to achieve a petrochemical value chain to solve the upstream and downstream challenges.
May-2023: SABIC collaborated with Stella McCartney Beauty, a company providing skincare products; TEXEN SAS, a company producing multi-material solutions for the beauty and spirits markets; Leygatech, a producer of multilayer tubes and films; and STTP Emballage, a company offering packaging services. Under this collaboration, the companies utilized the renewable polymers in the TRUCIRCLE product portfolio of SABIC and developed skin and eye care refill containers.
Jan-2023: TotalEnergies SE teamed up with Intraplas SA, engaged in the production of packaging solutions. Under this collaboration, the companies introduced sustainable packaging products, keeping in mind their performance and food safety.
Oct-2022: Trinseo PLC teamed up with Japan Steel Works Europe GmbH (JSW EU), a subsidiary of The Japan Steel Works, Ltd. (JSW). Under this collaboration, Trinseo utilized the depolymerization extruder and the technical support of JSW EU to produce recycled MMA (rMMA). Additionally, the rMMA produced by Trinseo will be further used in developing circular PMMA solutions.
Mar-2022: SABIC teamed up with Kraton Corporation, a producer of styrenic block copolymers. Under this collaboration, the TRUCIRCLE product portfolio of SABIC was used to produce renewable butadiene for use in renewable styrenic block copolymers (SBC).
Mar-2022: BASF SE teamed up with Karl Bachl GmbH & Co. KG, a company engaged in manufacturing construction materials. Under this collaboration, BASF introduced the Neopor F 5 Mcycled to enhance its graphitic expandable polystyrene (EPS) granulate product portfolio. The Neopor F-5 Mcycled contains 10 percent recycled elements and can be used in buildings for facade insulation.
Mar-2021: BASF SE joined hands with Trinseo PLC, a company manufacturing plastics and latex binders. Under this collaboration, the companies released styrene products based on circular feedstock. The new products contribute towards the formation of an economy with an improved CO2 footprint for various other related products.
Feb-2022: TotalEnergies SE came into an agreement with Honeywell International Inc., an American multinational conglomerate corporation. Under this agreement, Honeywell International provided TotalEnergies with recycled polymer feedstock (RPF) produced using UpCycle Process Technology. The new product is converted into virgin-quality polymers for use in food-grade packaging and various other applications.
Dec-2021: TotalEnergies SE came into a partnership with Plastic Omnium SE, a world-leading provider of innovative solutions for sustainable mobility. Under this partnership, the companies launched plastic products developed from recycled polypropylene. Additionally, the new product achieved the safety standards required for the automobile industry.
Product Launches and Product Expansions:
Mar-2023: Atlas Roofing Corporation introduced the Pinnacle Sun shingles to enhance its Pinnacle product portfolio. The new product has the features of 3M Cool Roof Technology, 3M Scotchgard Protector, and 3M Smog-Reducing Granules. Additionally, the new product can lower indoor air temperatures, especially in areas where there is a requirement for year-round cooling.
Acquisition and Mergers:
May-2023: TotalEnergies SE completed the acquisition of Iber Resinas SL, a provider of plastic recycling for sustainability. Through this acquisition, TotalEnergies increased its production capacity of circular polymers in Europe. Additionally, this acquisition helped to enhance the variety of recycled products and the access to feedstock through the suppliers of Iber Resinas.
Jan-2022: Trinseo PLC took over Heathland B.V., a recycling company of PMMA, PC, and other plastic scrap materials. Through this acquisition, Trinseo acquired plastic wastes to be used as feedstock and recycling technologies.
May-2020: Trinseo PLC completed the acquisition of the vinyl pyridine latex businesses of Synthomer PLC, a British-based chemicals business. Through this acquisition, Trinseo enhanced its Latex Binders business in coatings and CASE applications and strengthened its position as a solutions provider in the high-performance tire segment.
Feb-2020: Atlas Roofing Corporation completed the acquisition of StarRFoam, a leading supplier of insulation and materials. Through this acquisition, Atlas Roofing Corporation expanded its geographical footprint and product portfolio. Additionally, this acquisition strengthened the position of Atlas as the greatest manufacturer of moulded polystyrene products in North America.
Market Segments covered in the Report:
By Form Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Resin Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings from KBV Research