Specialty Polystyrene Resins Market Research Insights 2022-28
The global specialty polystyrene resins market size was valued at USD 118.3 million and is poised to grow at a significant CAGR rate of 2.8% during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on The research report “Specialty Polystyrene Resins Market: By Polymer Type (ABS, Acrylic, Epoxy, Acetal, Others), Compound Tye (Casting Resin, Molding Resin, Film Grade Resin, Extrusion Grade Resin), End User (Aerospace, Automotive, Building and construction, Healthcare, Food Manufacturing, Others), and - Global/Region/Country Forecast to 2028.”
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An overview on the Global Specialty Polystyrene Resins Market
Specialty polystyrene is used as a spray in coatings and primers, furniture and flat-board surfaces and for smoothing sealers. It has a huge array of properties, which makes it ideal for use in different industries. It reveals good decent water resistance, fast air dry, good film stiffness and well-adjusted to deprived elasticity. All these factors anticipated to fuel the market growth. Resistance to heat, stiffness and transparency are a few more features of Polystyrene Resins. Specialty polystyrene resin offers both the mechanical and physical robustness in packaging application. Furthermore, mechanical and physical forte in the packaging application is provided by polystyrene resin. It is even known to be the most versatile kind of polymer foam which increases the demand for polystyrene resins. On the other hand, fluctuating costs of raw materials and the different strategies of important corporations hamper the market growth.
The most leading sector for specialty polystyrene resins is the healthcare sector particularly for medical packaging as it provides larger degree of safety and protects the product. The polymers are also employed in automotive industries for making different vehicle hardware parts including flooring, door panels, dashboards and engine components. Sterilization constancy, chemical resistance to fight against infections and biocompatibility are the properties which assistant medical device solicitations to make it an ultimate for medical industry.
Asia Pacific accounted for larger revenue share in the Global Specialty Polystyrene Resins Market
Global Specialty Polystyrene Resins market report aims at providing a complete outlook on Specialty Polystyrene Resins across the globe with special emphasis on major regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these regions, Asia pacific leads the worldwide market in terms of revenue share. Factors that are accelerating the market growth in this region are growing industrialization and urbanization and increasing population. Emerging countries such as China and India have demonstrated a significant market potential because of the high buying power of customers and low labor cost. Europe Specialty polystyrene resins exhibits a significant position in the global market as they are treasured for high quality specialty resins and are appreciated for their potent brands.
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Major players working in the global specialty polystyrene resins market are The Dow Chemical Company, Celanese Corporation, CSP Technologies, Inc., Eastman Chemical Company and Scientific Polymer Products, Inc.
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