Polystyrene (PS) Market in Europe by End-user and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022

Pages: 120

SKU: IRTNTR72506

Snapshot

The polystyrene (PS) market share in Europe is expected to increase by USD 1.20 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.20%.

This polystyrene (PS) market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers polystyrene (PS) market segmentation in Europe by end-user (building and construction, packaging, and others) and geography (Germany, UK, Italy, France, and Rest of Europe). The polystyrene (PS) market in Europe report also offers information on several market vendors, including BASF SE, DuPont de Nemours Inc., INEOS Styrolution Group GmbH, Kumho Petrochemical Co. Ltd., LG Chem Ltd., SABIC, Synthos SA, TotalEnergies SE, Trinseo SA, and Versalis SpA among others.

What will the Polystyrene (PS) Market Size in Europe be During the Forecast Period?

Download the Free Report Sample to Unlock the Polystyrene (PS) Market Size in Europe for the Forecast Period and Other Important Statistics

Polystyrene (PS) Market in Europe: Key Drivers, Trends, and Challenges

The increasing demand from the electrical and electronics industry is notably driving the polystyrene (PS) market growth in Europe, although factors such as fluctuating crude oil prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polystyrene (PS) industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Polystyrene (PS) Market Driver in Europe

One of the key factors driving growth in the polystyrene (PS) market in Europe is the increasing demand from the electrical and electronics industry. In the electronic appliances industry, polystyrene is used for electronic packaging appliances such as blenders, washing machines, air conditioners, personal computers, scanners, and television screens to protect them and ensure their safe transportation. The major part of the electronic industry is occupied by refrigerators, television screens, and air conditioners. Rising global temperatures, mostly during the summer season, are propelling the need for refrigerators and air conditioners among industries. Thus, with the growth of the electronics industry, the demand for lightweight packaging solutions is expected to increase during the forecast period. Owing to its insulating and shock absorption capabilities, as well as its ability to prevent or reduce product damage during the transportation of sophisticated equipment, manufacturers rely significantly on PS. This acts as a major driver for the growth of the market during the forecast period.

Key Polystyrene (PS) Market Challenge in Europe

The fluctuating crude oil prices will be a major challenge for the polystyrene (PS) market in Europe during the forecast period. The manufacturing of polystyrene requires raw materials, which are acquired from the oil and gas industry in the form of gasoline. Fluctuations in crude oil prices have a severe impact on the prices of raw materials, which affect the cost of PS. The demand for raw materials has been volatile, owing to the uncertainty in economic activities. The economic scenario plays a vital role in the performance of the market. For a positive position of the market, the demand fluctuations observed are less, leading to ample opportunities for growth in the sales of polymer and the products offered by end-user industries. The raw material cost in the polystyrene (PS) market in Europe differs for many reasons, such as the availability and the pricing structure of the raw material. Volatility in the prices of raw materials impacts the margins of manufacturers, acting as roadblocks to the growth of the market.

This polystyrene (PS) market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the polystyrene (PS) market in Europe as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the polystyrene (PS) market in Europe during the forecast period.

Who are the Major Polystyrene (PS) Market Vendors in Europe?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the polystyrene (PS) market in Europe encompasses successful business strategies deployed by the key vendors. The polystyrene (PS) market in Europe is fragmented and the vendors are deploying growth strategies such as focusing on M&A to improve their geographical footprint to compete in the market.

Product Insights and News

BASF SE - The company offers General Purpose Polystyrene, that is a crystal-clear, high-performance polymer and is easy to process.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The polystyrene (PS) market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Polystyrene (PS) Market in Europe Value Chain Analysis

Our report provides extensive information on the value chain analysis for the polystyrene (PS) market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the commodity chemicals market includes the following core components:

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Polystyrene (PS) Market in Europe?

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41% of the market's growth will originate from Rest of Europe during the forecast period. Market growth in this region will be faster than the growth of the market in Germany and France.

The reviving building sector will facilitate the polystyrene (PS) market growth in the Rest of Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic, which began in December 2019, has quickly spread over the world. In terms of positive cases and reported deaths, Italy, the UK, France, and Germany are among the worst-affected nations. Due to lockdowns, travel bans, factory closures, supply chain disruptions, and a global economic slowdown, the COVID-19 pandemic has impacted economies and sectors in a number of nations. However, during the second half of 2021, vaccination drives were started, which resulted in a decline in the number of infected cases, along with the market coming back to normalcy. Hence, the market is expected to grow during the forecast period.

What are the Revenue-generating End-user Segments in the Polystyrene (PS) Market in Europe?

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The polystyrene (PS) market share growth in Europe by the building and construction segment will be significant during the forecast period. The number of non-residential and commercial buildings in the nation is expected to rise significantly. PS is a light cellular plastic made up of microscopic spherical-shaped particles that contain approximately 98% air. PS's strong insulating and shock-absorbing properties are due to its microcellular closed cell architecture. The critical attributes of these, namely thermal insulation, good damping, and lightweight, making them ideal for these applications. PS is used as building materials; as insulated panel systems for facades, walls, roofs, and floors; as floatation material in marinas and pontoons; and as lightweight fill for railway and road construction. The increasing downstream demand from the building and construction industry will boost the polystyrene (PS) market in Europe during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the polystyrene (PS) market size in Europe and actionable market insights on post COVID-19 impact on each segment.

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Polystyrene (PS) Market Scope in Europe
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.20%
Market growth 2022-2026	$ 1.20 billion
Market structure	Fragmented
YoY growth (%)	3.10
Regional analysis	Europe
Performing market contribution	Rest of Europe at 41%
Key consumer countries	Germany, UK, Italy, France, and Rest of Europe
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	BASF SE, DuPont de Nemours Inc., INEOS Styrolution Group GmbH, Kumho Petrochemical Co. Ltd., LG Chem Ltd., SABIC, Synthos SA, TotalEnergies SE, Trinseo SA, and Versalis SpA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Polystyrene (PS) Market in Europe Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive polystyrene (PS) market growth in Europe during the next five years
Precise estimation of the polystyrene (PS) market size in Europe and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the polystyrene (PS) industry in Europe across Germany, UK, Italy, France, and Rest of Europe
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of polystyrene (PS) market vendors in Europe

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

***1. Executive Summary

**1.1 Market Overview

*Exhibit 01: Key Finding 1

*Exhibit 02: Key Finding 2

*Exhibit 03: Key Finding 3

*Exhibit 04: Key Finding 5

*Exhibit 05: Key Finding 6

*Exhibit 06: Key Finding 7

*Exhibit 06: Key Finding 8

***2. Market Landscape

**2.1 Market ecosystem

*Exhibit 07: Parent market

*Exhibit 08: Market Characteristics

**2.2 Value chain analysis

*Exhibit 09: Value chain analysis: Commodity chemicals

*2.2.1 Inputs

*2.2.2 Inbound logistics

*2.2.3 Operations

*2.2.4 Outbound logistics

*2.2.5 Marketing and sales

***3. Market Sizing

**3.1 Market definition

*Exhibit 10: Offerings of vendors included in the market definition

**3.2 Market segment analysis

*Exhibit 11: Market segments

**3.3 Market size 2021

**3.4 Market outlook: Forecast for 2021 - 2026

*Exhibit 12: Europe - Market size and forecast 2021 - 2026 ($ million)

*3.4.1 Estimating growth rates for emerging and high-growth markets

*3.4.2 Estimating growth rates for mature markets

*Exhibit 13: Europe market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis

**4.1 Five Forces Summary

*Exhibit 14: Five forces analysis 2021 & 2026

**4.2 Bargaining power of buyers

*Exhibit 15: Bargaining power of buyers

**4.3 Bargaining power of suppliers

*Exhibit 16: Bargaining power of suppliers

**4.4 Threat of new entrants

*Exhibit 17: Threat of new entrants

**4.5 Threat of substitutes

*Exhibit 18: Threat of substitutes

**4.6 Threat of rivalry

*Exhibit 19: Threat of rivalry

**4.7 Market condition

*Exhibit 20: Market condition - Five forces 2021

***5 Market Segmentation by End-user

**5.1 Market segments

*The segments covered in this chapter are:

*Building and construction
*Packaging
*Others

*Exhibit 21: End-user - Market share 2021-2026 (%)

**5.2 Comparison by End-user

*Exhibit 22: Comparison by End-user

**5.3 Building and construction - Market size and forecast 2021-2026

*Exhibit 23: Building and construction - Market size and forecast 2021-2026 ($ million)

*Exhibit 24: Building and construction - Year-over-year growth 2021-2026 (%)

**5.4 Packaging - Market size and forecast 2021-2026

*Exhibit 25: Packaging - Market size and forecast 2021-2026 ($ million)

*Exhibit 26: Packaging - Year-over-year growth 2021-2026 (%)

**5.5 Others - Market size and forecast 2021-2026

*Exhibit 27: Others - Market size and forecast 2021-2026 ($ million)

*Exhibit 28: Others - Year-over-year growth 2021-2026 (%)

**5.6 Market opportunity by End-user

*Exhibit 29: Market opportunity by End-user

***6. Customer landscape

**6.1 Overview

*Exhibit 30: Customer landscape

***7. Geographic Landscape

**7.1 Geographic segmentation

*The regions covered in the report are:

*Germany
*UK
*Italy
*France
*Rest of Europe

*Exhibit 31: Market share by geography 2021-2026 (%)

**7.2 Geographic comparison

*Exhibit 32: Geographic comparison

**7.3 Germany - Market size and forecast 2021-2026

*Exhibit 33: Germany - Market size and forecast 2021-2026 ($ million)

*Exhibit 34: Germany - Year-over-year growth 2021-2026 (%)

**7.4 UK - Market size and forecast 2021-2026

*Exhibit 35: UK - Market size and forecast 2021-2026 ($ million)

*Exhibit 36: UK - Year-over-year growth 2021-2026 (%)

**7.5 Italy - Market size and forecast 2021-2026

*Exhibit 37: Italy - Market size and forecast 2021-2026 ($ million)

*Exhibit 38: Italy - Year-over-year growth 2021-2026 (%)

**7.6 France - Market size and forecast 2021-2026

*Exhibit 39: France - Market size and forecast 2021-2026 ($ million)

*Exhibit 40: France - Year-over-year growth 2021-2026 (%)

**7.7 Rest of Europe - Market size and forecast 2021-2026

*Exhibit 41: Rest of Europe - Market size and forecast 2021-2026 ($ million)

*Exhibit 42: Rest of Europe - Year-over-year growth 2021-2026 (%)

**7.8 Market opportunity by geography

*Exhibit 43: Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends

**8.1 Market drivers

*8.1.1 Increasing demand from the electrical and electronics industry

*8.1.2 Insulation and cushioning properties

*8.1.3 High durability

**8.2 Market challenges

*8.2.1 Fluctuating crude oil prices

*8.2.2 Shortage of recycling facilities

*8.2.3 Intense threat from substitute products

*Exhibit 44: Impact of drivers and challenges

**8.3 Market trends

*8.3.1 Lack of awareness about eco-friendly products

*8.3.2 Increasing demand from food packaging industry

*8.3.3 Low weight

***9. Vendor Landscape

**9.1 Overview

*Exhibit 45: Vendor landscape

**9.2 Landscape disruption

*Exhibit 46: Landscape disruption

*Exhibit 47: Industry risks

***10. Vendor Analysis

**10.1 Vendors covered

*Exhibit 48: Vendors covered

**10.2 Market positioning of vendors

*Exhibit 49: Market positioning of vendors

**10.3 BASF SE

*Exhibit 50: BASF SE - Overview

*Exhibit 51: BASF SE - Business segments

*Exhibit 52: BASF SE - Key offerings

*Exhibit 53: BASF SE - Segment focus

**10.4 DuPont de Nemours Inc.

*Exhibit 54: DuPont de Nemours Inc. - Overview

*Exhibit 55: DuPont de Nemours Inc. - Business segments

*Exhibit 56: DuPont de Nemours Inc. - Key offerings

*Exhibit 57: DuPont de Nemours Inc. - Segment focus

**10.5 INEOS Styrolution Group GmbH

*Exhibit 58: INEOS Styrolution Group GmbH - Overview

*Exhibit 59: INEOS Styrolution Group GmbH - Product and service

*Exhibit 60: INEOS Styrolution Group GmbH - Key news

*Exhibit 61: INEOS Styrolution Group GmbH - Key offerings

**10.6 Kumho Petrochemical Co. Ltd.

*Exhibit 62: Kumho Petrochemical Co. Ltd. - Overview

*Exhibit 63: Kumho Petrochemical Co. Ltd. - Product and service

*Exhibit 64: Kumho Petrochemical Co. Ltd. - Key offerings

**10.7 LG Chem Ltd.

*Exhibit 65: LG Chem Ltd. - Overview

*Exhibit 66: LG Chem Ltd. - Business segments

*Exhibit 67: LG Chem Ltd. - Key offerings

*Exhibit 68: LG Chem Ltd. - Segment focus

**10.8 SABIC

*Exhibit 69: SABIC - Overview

*Exhibit 70: SABIC - Business segments

*Exhibit 71: SABIC - Key offerings

*Exhibit 72: SABIC - Segment focus

**10.9 Synthos SA

*Exhibit 73: Synthos SA - Overview

*Exhibit 74: Synthos SA - Product and service

*Exhibit 75: Synthos SA - Key offerings

**10.10 TotalEnergies SE

*Exhibit 76: TotalEnergies SE - Overview

*Exhibit 77: TotalEnergies SE - Business segments

*Exhibit 78: TotalEnergies SE - Key offerings

*Exhibit 79: TotalEnergies SE - Segment focus

**10.11 Trinseo SA

*Exhibit 80: Trinseo SA - Overview

*Exhibit 81: Trinseo SA - Business segments

*Exhibit 82: Trinseo SA - Key news

*Exhibit 83: Trinseo SA - Key offerings

*Exhibit 84: Trinseo SA - Segment focus

**10.12 Versalis SpA

*Exhibit 85: Versalis SpA - Overview

*Exhibit 86: Versalis SpA - Product and service

*Exhibit 87: Versalis SpA - Key offerings

***11. Appendix

**11.1 Scope of the report

*11.1.1 ????Market definition

*11.1.2 Objective

*11.1.3 Notes and caveats

**11.2 Currency conversion rates for US$

*Exhibit 88: Currency conversion rates for US$

**11.3 Research Methodology

*Exhibit 89: Research Methodology

*Exhibit 90: Validation techniques employed for market sizing

*Exhibit 91: Information sources

**11.4 List of abbreviations

*Exhibit 92: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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