LONDON, June 16, 2016 /PRNewswire/ -- The report on the European polystyrene market studies the market and its subsegments in the European region. The segmentation of the market is done on the basis of applications & geography. The market data for these applications is given with respect to volume (thousand tons) and value ($million). The market value of polystyrene was estimated to be $4494.2 million in 2014 and is projected to grow with a CAGR of 4.2% between 2014 and 2019.
The impact of different market drivers and restraints is also illustrated in the report. The key drivers, include ban of antibiotics promoters in silage preservation and animal feed, emerging markets for different applications, availability of cheaper raw materials. The restraints include declining production capacities in Europe due to high priced raw materials and economic slowdown of Europe.
The key companies in this market are BASF SE (Germany), Total Petrochemical (Houston), Styrolution (Germany), and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions, were the most preferred strategies by the top players in 2012 & 2013. Their strategy to capture the market in developing economies includes expansions and agreements.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, expansions, and agreements undertaken by the leading polystyrene companies in recent years. Furthermore, different polystyrene market participants are also profiled in the report.
Scope of the Report
The report segments the global polyamide market as:
The European polystyrene market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.
On the basis of applications:
On the basis of region:
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