市场调查报告书
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1397733
全球聚苯乙烯市场规模、占有率、产业趋势分析报告:按泡沫类型、最终用途、树脂类型、地区分類的展望与预测,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,聚苯乙烯市场规模预计将达到 548 亿美元,预测期内复合年增长率为 4.1%。 2022年市场规模将达16,991.8千吨,成长3.3%(2019-2022年)。
根据 KBV 基数矩阵中的分析,SABIC 在该市场处于领先。 2023年7月,SABIC与法国跨国综合能源和石油公司TotalEnergies SE以及国家石油和天然气公司沙乌地阿拉伯石油公司联手。透过此次合作,两家公司在沙乌地阿拉伯王国创建了一条国内价值链,将从塑胶废弃物中提取的石油转化为循环聚合物。此外,此次合作也有助于实现解决上下游挑战的石化价值链。
市场成长要素
材料技术创新
材料技术的持续创新,例如先进配方的开发和奈米技术的集成,正在促进市场的扩张。这些创新改善了材料的性能并为应用开闢了新的可能性。将奈米技术融入这些配方中是一项值得注意的创新。奈米颗粒的加入可以增强某些性能,例如机械强度、阻隔性能和阻燃性。由于材料技术的创新,市场正在显着扩大。
消费性电子产品製造业成长
由于其多功能性、透明度和成本效益,消费性电子产业将其用于外壳和组件。电子设备的普及和电子领域不断的技术创新正在促进市场的持续成长。聚苯乙烯,尤其是 GPPS,是一种多功能材料,可以轻鬆成型为复杂的形状。因此,非常适合製造智慧型手机、笔记型电脑、平板设备、音讯设备等各种电子设备的机壳。由于消费性电子产品製造的增加,预计该市场将显着扩大。
市场抑制因素
环境问题是一个重大问题
市场面临的最大挑战之一是环境影响。传统的聚苯乙烯不易生物分解,并且可以长时间保留在环境中。废弃物的积累,特别是在海洋环境中,引起了环境问题,并导致人们呼吁采用更永续的替代品。环境问题导致社会对聚苯乙烯材料的负面看法。与回收聚苯乙烯相关的挑战加剧了环境问题。环境问题是阻碍市场成长的主要挑战。
表格类型展望
根据泡棉类型,市场分为泡棉、薄膜和片材、射出成型等。 2022 年,薄膜和片材领域在市场中占据了重要的收益占有率。由它们製成的薄膜和片材广泛用于包装行业。其透明度、重量轻且易于加工,使其成为包装应用的理想材料。薄膜和片材为各种产品提供了经济实惠的选择,包括食品包装、泡壳包装和保护性包装。这些薄膜和片材可以轻鬆热成型为多种形状。
最终用途展望
依最终用途划分,市场分为包装、建筑/施工、电气/电子、消费品等。在2022年的市场中,电气和电子产业获得了很大的收益占有率。 HIPS 通常用于电子元件的绝缘。其电绝缘特性使其成为外壳和外壳的合适材料,可保护精密电子电路免受外部影响并防止电气干扰。用于製造各种电子元件和连接器。易于成型和客製化使製造商能够创建复杂的连接器和外壳设计,以满足电子设备的特定要求。
树脂类型的展望
根据树脂类型,市场分为通用聚苯乙烯(GPPS)、高抗衝聚苯乙烯(HIPS)和可发性聚苯乙烯(EPS)。 2022 年,高抗衝聚苯乙烯 (HIPS) 领域占据市场最高收益占有率。 HIPS 可以使用标准生产技术(例如射出成型、挤出和热成型)轻鬆製造。这种易于加工的特性使製造商能够有效地生产各种产品,从而提高成本效率并简化生产过程。 HIPS 具有耐化学性,使其更适合特定应用。
区域展望
从区域来看,我们对北美、欧洲、亚太地区和拉丁美洲地区的市场进行了分析。 2022年,亚太地区以最高的收益占有率引领市场。由于电子商务和消费的增长,包装行业正在亚太地区迅速扩张。由于其重量轻、透明且具有成本效益,在亚太地区广泛应用于包装材料。在亚太地区,它用于医疗和保健应用,包括生产试管、培养皿和注射器等一次性医疗产品。
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