Europe Styrene Monomer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application [Polystyrene, Acrylonitrile-Butadiene Styrene (ABS), Styrene-Acrylonitrile (SAN), SB Latex and Rubber, and Others] and End-User Industry (Packaging, Automobile, Consumer Goods, Construction, and Others)
Market Introduction
Styrene is a clear, colorless aromatic liquid. Styrene monomer is used as a building block for the production of variety of plastic and rubber products. It is used in the manufacture of materials which are then used to produce different products across a wide range of industries. Styrene monomer is used primarily to produce polystyrene (PS). Polystyrene is used in various applications including, packaging, consumer electronics, toys, recreational equipment, etc.
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Market Overview and Dynamics
The Europe styrene monomer market is expected to reach US$ 7056.20 million by 2028 from US$ 5042.41 million in 2021; it is estimated to grow at a CAGR of 4.9% from 2021 to2028. Key factors contributing to the market growth are the increasing demand from the packaging and other industries, and rapid growth in the automotive industry across Europe. However, volatility in the prices of styrene monomers restrains the styrene monomer market growth in the region.
Expanded polystyrene is capable of enhancing the design and structural integrity of the building. The use of expanded polystyrene in the construction industry has increased in recent years. The material is used in the construction industry in applications such as lightweight concrete and panels, decorative tiles and molding, and embankment backfilling. Expanded polystyrene is used as insulation in roofs, walls, and foundations. It benefits the construction work through sustainability, energy efficiency, and durability. One of the main trends in the construction industry is the use of prefabricated structural insulated panels (SIPs). Expanded polystyrene serves as a significant component of structural insulated panels. Prefabricated systems are often made from a series of interconnecting panels, each of which is essentially a sandwich of grey expanded polystyrene bonded between outer and inner board materials. The rise in the use of such prefabricated systems is creating demand for expanded polystyrene. Further, there is a high demand for styrene-butadiene rubber in automotive parts and tire manufacturing. In the automotive industry, acrylonitrile-butadiene styrene is used in wheel covers and dashboards; it is also well-suited for heavy-duty applications. The automotive industry is one of the most rapidly growing industries in the world, and the demand for various products manufactured from styrene monomer is increasing with the proliferation of this industry.
In Europe, France, the UK, and Russia are the worst-affected countries by the COVID-19 pandemic. The massive outbreak has led to a temporary distortions in operation efficiencies of industrial bases in the region, and disruptions in the supply chain, which has hindered the growth of the styrene monomer market in Europe. The European construction industry has faced also faced serious challenges in terms of the availability of construction materials due to disruptions in the supply networks. The temporary discontinuation of automotive production amid the pandemic led to decreased styrene monomer demand. However, with the rapid pace of vaccination, various industries are overcoming the ill effects of the pandemic. Thus, the demand for styrene monomers has begun to rise again across diverse industrial applications, which is expected to drive the styrene monomers market growth in Europe in the coming years.
Key Market Segments
Based on application, the Europe styrene monomer market is segmented into polystyrene, acrylonitrile-butadiene styrene (ABS), styrene-acrylonitrile (SAN), SB latex and rubber, and others. The polystyrene segment led the market with the largest market share in 2020 and is expected to register the highest CAGR during the forecast period.
Based on end-user industry, the Europe styrene monomer market has been segmented into packaging, automobile, consumer goods, construction, and other end-user industries. In 2020, the packaging segment held the largest market share, and it is expected to register highest CAGR in the market during 2021–2028.
Major Sources and Companies Listed
A few of the companies profiled while preparing this report on the Europe styrene monomer market are Americas Styrenics LLC (AmSty), Asahi Kasei Corporation, BASF SE, and Idemitsu Kosan Co., Ltd.
Reasons to buy the report
- Determine prospective investment areas based on a detailed trend analysis of Europe styrene monomer market over the next years.
- Gain an in-depth understanding of the underlying factors driving demand for different addictions therapeutics segments in the top spending countries and identify the opportunities offered by each of them.
- Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels driving the Europe styrene monomer market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs undertaken by the different countries within the Europe styrene monomer market.
EUROPE STYRENE MONOMER MARKET SEGMENTATION
- Polystyrene
- Acrylonitrile-Butadiene Styrene (ABS)
- Styrene-Acrylonitrile (SAN)
- SB Latex and Rubber
- Others
- Packaging
- Automobile
- Consumer Goods
- Construction
- Others
By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Company Profiles
- Americas Styrenics LLC (AmSty)
- Asahi Kasei Corporation
- BASF SE
- Idemitsu Kosan Co.,Ltd.
- INEOS Styrolution Group GmbH
- LG Chem
- LOTTE Chemical CORPORATION
- LyondellBasell Industries Holdings B.V.
- Trinseo
- Westlake Chemical Corporation
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Styrene Monomer Market, by Application
1.3.2 Styrene Monomer Market, by End-use Industry
1.3.3 Styrene Monomer Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Styrene Monomer Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Styrene Monomer Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Demand from Various End-use Industries:
5.1.2 Growing Use of Expanded Polystyrene in Construction Industry
5.2 Key Market Restraints
5.2.1 Volatile Styrene Prices:
5.3 Key Market Opportunities
5.3.1 Rapid Growth in Automotive Industry:
5.4 Future Trends
5.4.1 Increasing Focus on Making Recycled Styrene Monomer:
5.5 Impact Analysis
6. Styrene Monomer –Europe Market Analysis
6.1 Styrene Monomer Market –Revenue and Forecast to 2028 (US$ Mn)
7. Europe Styrene Monomer Market - By Application
7.1 Market Overview
7.2 Styrene Monomer Market, By Application (2020 and 2028)
7.3 Polystyrene
7.3.1 Polystyrene: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Acrylonitrile-Butadiene Styrene (ABS)
7.4.1 Acrylonitrile-Butadiene Styrene (ABS): Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Styrene-Acrylonitrile (SAN)
7.5.1 Styrene-Acrylonitrile (SAN): Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
7.6 SB Latex and Rubber
7.6.1 SB Latex and Rubber: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Others: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Styrene Monomer Market Analysis – By End-use Industries
8.1 Overview
8.2 Styrene Monomer Market, By End-Use Industries (2020 and 2028)
8.3 Packaging
8.3.1 Packaging: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Automobile
8.4.1 Automobile: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Consumer Goods
8.5.1 Consumer Goods: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Construction
8.6.1 Construction: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Others: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
9. Styrene Monomer Market –Country Analysis
9.1 Europe: Styrene monomer Market
9.1.1 Europe: Styrene monomer Market –Revenue and Forecast to 2028 (US$ Million)
9.1.2 Europe: Styrene monomer Market, by Application
9.1.3 Europe: Styrene monomer Market, by End Use
9.1.4 Europe: Styrene monomer Market, by Key Country
9.1.4.1 Germany: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 Germany: Styrene monomer Market, by Application
9.1.4.1.2 Germany: Styrene monomer Market, by End Use
9.1.4.2 France: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 France: Styrene monomer Market, by Application
9.1.4.2.2 France: Styrene monomer Market, by End Use
9.1.4.3 Italy: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Italy: Styrene monomer Market, by Application
9.1.4.3.2 Italy: Styrene monomer Market, by End Use
9.1.4.4 UK: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.4.1 UK: Styrene monomer Market, by Application
9.1.4.4.2 UK: Styrene monomer Market, by End Use
9.1.4.5 Russia: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.5.1 Russia: Styrene monomer Market, by Application
9.1.4.5.2 Russia: Styrene monomer Market, by End Use
9.1.4.6 Rest of Europe: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.6.1 Rest of Europe: Styrene monomer Market, by Application
9.1.4.6.2 Rest of Europe: Styrene monomer Market, by End Use
10. Impact of COVID-19 Pandemic on Europe Styrene Monomer Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 Americas Styrenics LLC (AmSty)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Asahi Kasei Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 BASF SE
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Idemitsu Kosan Co.,Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 INEOS Styrolution Group GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 LG Chem
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 LOTTE Chemical CORPORATION
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 LyondellBasell Industries Holdings B.V.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Trinseo
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Westlake Chemical Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Styrene monomer Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 2. Europe Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million)
Table 3. Germany Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Germany Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million)
Table 5. France Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. France Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million)
Table 7. Italy Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Italy Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million)
Table 9. UK Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. UK Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million)
Table 11. Russia Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. Russia Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of Europe Styrene monomer Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. Rest of Europe Styrene monomer Market, by End Use – Revenue and Forecast to 2028 (USD Million)
Table 15. Glossary of Terms, Global Styrene Monomer Market
LIST OF FIGURES
Figure 1. Styrene Monomer Market Segmentation
Figure 2. Styrene Monomer Market Segmentation – By Country
Figure 3. North America Styrene Monomer Market Overview
Figure 4. Europe Styrene Monomer Market, By End-use Industry
Figure 5. Europe Styrene Monomer Market, by Country
Figure 6. Ecosystem: Styrene Monomer Market
Figure 7. Expert Opinion
Figure 8. Europe Styrene Monomer Market Impact Analysis of Drivers and Restraints
Figure 9. Styrene Monomer Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 10. Styrene Monomer Market Revenue Share, By Application (2020 and 2028)
Figure 11. Polystyrene: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Acrylonitrile-Butadiene Styrene (ABS): Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Styrene-Acrylonitrile (SAN): Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. SB Latex and Rubber: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Styrene Monomer Market Breakdown, by End-Use Industries (2020 and 2028)
Figure 17. Packaging: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Automobile: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Consumer Goods: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Construction: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe: Styrene monomer Market Revenue Share, by Application (2020 and 2028)
Figure 24. Europe: Styrene monomer Market Revenue Share, by End Use (2020 and 2028)
Figure 25. Europe: Styrene monomer Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. Germany: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. France: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Russia: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Europe: Styrene monomer Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe
CONTACT US
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DISCLAIMER
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No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher, “The Insight Partners”.
- Americas Styrenics LLC (AmSty)
- Asahi Kasei Corporation
- BASF SE
- Idemitsu Kosan Co.,Ltd.
- INEOS Styrolution Group GmbH
- LG Chem
- LOTTE Chemical CORPORATION
- LyondellBasell Industries Holdings B.V.
- Trinseo
- Westlake Chemical Corporation
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