Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3,184.5 million | USD 4,646.6 million | 6.5% | 2021 |
FrequentlyAsked Questions
Styrenic polymers are increasingly used in place of PVC throughout the healthcare sector, primarily driving market expansion. Additionally, these polymers provide simple disposal, design flexibility, lightweight, and superior aesthetics. These attributes of styrenic polymers are what is driving the market's expansion.
According to the report, the global styrenic polymers market size was worth USD 3,184.5 million in 2021 and is estimated to grow to USD 4,646.6 million by 2028, along a compound annual growth rate (CAGR) of roughly 6.5 percent over the forecast period.
With a market share of more than 50% of the global market in 2021, the Asia-Pacific region's market dominated the whole market. The region's consumer goods and automotive industries significantly contribute to the regional market expansion.
Some of the main competitors dominating the global styrenic polymers market include- BASF, Lanxess AG, SABIC, Styron LLC, The Dow Chemical Company, Chevron Philips Chemical Company, Chi Mei Corporation, Asahi Kasei Corporation, Nova Chemicals Corporation, and Total S.A.
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